Stock AnalizDropbox, Inc. DBX
Computer Software: Prepackaged Software · IPO 2018 · data as of November 13, 2026
Dropbox, Inc. (DBX) is a technology company listed in the US with a market value of about $7.5B. In the twelve months to September 30, 2026 it had revenue of $2.5B and net income of $435M, a net margin of 17.2%.
Its overall Stock Analiz score is 2.6 out of 5 (average). The strongest part is value (4/5); the weakest is shareholder returns (1/5).
Key numbers: a P/E of 18.1, a price to free cash flow of 8.2, 5-year revenue growth of 6% a year, a 5-year average ROIC of 23%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 29% above the current price.
Score: 2.6 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- Profit margin improving
- Strong R&D investment or growth above 20%
- 5-year average ROIC above 12%
- Profitable 5 years in a row
Checks not passed
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
- ROE above 15%
- Liabilities below 60% of assets
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.5B | $2.5B | $2.5B | $2.5B | $2.3B | $2.2B | $1.9B | $1.7B | $1.4B | $1.1B | $845M |
| Net income | $435M | $508M | $452M | $454M | $553M | $336M | -$256M | -$53M | -$485M | -$112M | -$210M |
| Free cash flow | $915M | $931M | $872M | $759M | $764M | $708M | $491M | $392M | $362M | $305M | $137M |
| EPS (diluted) | $1.85 | $1.86 | $1.40 | $1.31 | $1.52 | $0.85 | $-0.62 | $-0.13 | $-1.35 | $-0.57 | $-1.11 |
| Net margin | 17.2% | 20.2% | 17.8% | 18.1% | 23.8% | 15.6% | -13.4% | -3.2% | -34.8% | -10.1% | -24.9% |
| ROIC | — | — | 45.2% | 27.7% | 8.3% | 12.0% | -18.5% | -4.0% | -57.7% | -87.3% | -124.5% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 6 analysts is $35.00, 4% above the current price; targets range from $26.00 to $48.00; the consensus rating is “Hold”; expected EPS is $3.17 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Dropbox’s P/E ratio?
About 18.1, based on the last twelve months of diluted earnings per share (forward P/E about 10.3).
Is Dropbox stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 29% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Dropbox pay a dividend?
Not currently.
Is Dropbox a good stock to buy?
We do not give buy or sell advice. Dropbox scores 2.6 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
Similar companies
Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.