Dropbox (DBX) fundamentals: P/E, valuation, undervalued?
Dropbox · Information Technology · ref. ETF XLK · price $35.6
In short — Dropbox trades at 19.7× earnings (P/E), 10.8× forward, with a net margin of 17.5 % and revenue growth of +1 %. Read: Average P/E (P/E 20 (near the ~20-25 average)).
Is Dropbox stock cheap or undervalued? A good time to buy? Here are its fundamentals — P/E, PEG, margin and income statement — to judge its valuation.
📈 1-year price
$35.6+25.4% over range
Oct 14, 25low $22.06 · high $37.74Oct 13, 26
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SellBuy
Hold
33% recommend buying · 3 analysts
Valuation : Average P/E — P/E 20 (near the ~20-25 average)
Valuation
19.7
P/E (price/earnings)
10.8
Forward P/E
—
PEG
—
Price/book (P/B)
$7.7B
Market cap
1.81
EPS
Profitability & growth
17.5 %
Net margin
+1 %
Revenue growth
-7 %
Earnings growth
$4.0B
Total debt
Dropbox income statement
| Fiscal year | Revenue | Net income | Margin |
|---|---|---|---|
| 2022 | $2.3B | $553M | 23.8 % |
| 2023 | $2.5B | $454M | 18.1 % |
| 2024 | $2.5B | $452M | 17.7 % |
| 2025 | $2.5B | $508M | 20.2 % |
⚠️ Indicative financial data (Yahoo Finance), not investment advice. Amounts in $.
Frequently asked questions
What is Dropbox's P/E and is the stock undervalued? What's a good P/E?
Dropbox's P/E is 19.7 (forward 10.8). Below ~15 = fairly cheap, above ~30 = expensive. Our valuation verdict: "Average P/E".
Is Dropbox profitable?
Dropbox has a net margin of 17.5 % (EPS 1.81). The company is profitable.
Is DBX stock expensive?
Our read: "Average P/E" — P/E 20 (near the ~20-25 average). Cross-check with growth and sector.
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