Dropbox, Inc.

DBX Technology Software Infrastructure

Dropbox, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, down 1.07% from fiscal 2024.

Revenue
+0.93%
EPS
−6.52%
Free cash flow
−10.3%
Total debt
+35.3%

Quarter to June 2026, against a year earlier

34.96 0.68 −1.91%
Market cap
$7.6B
P/E
19.2×
Fwd P/E
20.7×
Dividend yield
—
F-score
7/9
Altman Z
0.48
Beneish M
−3.07
Dividend safety
n/a

Dropbox, Inc. (DBX) P/B ratio

Alert me on P/B ratio

Dropbox, Inc. has no meaningful P/B ratio: its trailing twelve-month book value is negative. Over the past ten years it has ranged from 0.0× (November 2026) to 34.8× (March 2021) — the current reading is the lowest in ten years.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 0.0× —
FY2024 0.0× —
FY2023 0.0× —
FY2022 0.0× —
FY2021 0.0× —
FY2020 27.5× 202.03%
FY2019 9.1× (15.76%)
FY2018 10.8× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period P/B ratio Change
Jun 2026 0.0× —
Mar 2026 0.0× —
Dec 2025 0.0× —
Sep 2025 0.0× —
34 more quarters

Against its own ten years

Low 0.0× High 34.8×
Ten-year median 0.0×
Current reading's percentile 65

P/B ratio against peers

Company P/B ratio
DBX Dropbox, Inc. n/m
DOX Amdocs Limited compare 1.9×
PATH UiPath, Inc. compare 3.5×
PAYP PayPay Corporation compare 3.5×
S SentinelOne, Inc. compare 5.4×
ZETA Zeta Global Holdings Corp. compare 8.2×
GTLB GitLab Inc. compare 9.1×
QLYS Qualys, Inc. compare 13.1×
NTSK Netskope Inc. compare 56.6×
Software Infrastructure industry median 2.9×
Technology sector median 2.6×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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