13 years of historical data (2013–2025) · Technology · Software - Infrastructure
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Box, Inc. trades at 17.3x earnings, 78% below its 5-year average of 80.3x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 25.2x, the stock trades at a discount of 31%. On a free-cash-flow basis, the stock trades at 10.3x P/FCF, 34% below the 5-year average of 15.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.4B | $5.0B | $3.9B | $4.8B | $4.1B | $2.7B | $2.2B | $3.0B | $3.0B | $2.2B | $1.3B |
| Enterprise Value | $3.5B | $5.1B | $4.0B | $4.9B | $4.3B | $2.8B | $2.4B | $2.9B | $2.9B | $2.1B | $1.2B |
| P/E Ratio → | 17.32 | 24.55 | 38.78 | 177.72 | — | — | — | — | — | — | — |
| P/S Ratio | 3.11 | 4.55 | 3.72 | 4.85 | 4.65 | 3.51 | 3.19 | 4.86 | 5.89 | 5.46 | 4.31 |
| P/B Ratio | 17.74 | 25.16 | 63.25 | — | — | 17.89 | 99.34 | 94.16 | 199.00 | 29.12 | 9.46 |
| P/FCF | 10.30 | 15.05 | 12.85 | 17.07 | 18.12 | 14.98 | 70.95 | 78.33 | 59.57 | — | — |
| P/OCF | 10.22 | 14.94 | 12.11 | 16.12 | 17.31 | 13.73 | 49.67 | 53.45 | 48.18 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Box, Inc.'s enterprise value stands at 34.3x EBITDA, 39% below its 5-year average of 56.2x. The Technology sector median is 15.7x, placing the stock at a 118% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.64 | 3.82 | 4.96 | 4.88 | 3.57 | 3.52 | 4.69 | 5.64 | 5.20 | 3.87 |
| EV / EBITDA | 34.33 | 49.74 | 38.91 | 47.76 | 79.65 | 65.01 | — | — | — | — | — |
| EV / EBIT | 43.85 | 55.46 | 78.19 | 133.31 | — | — | — | — | — | — | — |
| EV / FCF | — | 15.35 | 13.21 | 17.45 | 19.04 | 15.28 | 78.26 | 75.56 | 57.13 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Box, Inc. earns an operating margin of 7.3%. Operating margins have expanded from 3.7% to 7.3% over the past 3 years, signaling improving operational efficiency. Return on equity of 189.4% is exceptionally high, though this is partly amplified by negative book value driven by aggressive share buybacks. ROIC of 25.8% represents excellent returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 79.1% | 79.1% | 74.9% | 74.5% | 71.5% | 70.8% | 69.0% | 71.5% | 73.3% | 71.9% | 71.2% |
| Operating Margin | 7.3% | 7.3% | 4.9% | 3.7% | -3.2% | -4.6% | -20.0% | -22.1% | -30.4% | -37.8% | -66.4% |
| Net Profit Margin | 22.4% | 22.4% | 12.4% | 2.7% | -4.7% | -5.6% | -20.7% | -22.1% | -30.6% | -38.1% | -67.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 189.4% | 189.4% | 949.7% | — | — | -50.1% | -537.0% | -580.6% | -345.5% | -142.8% | -100.0% |
| ROA | 16.8% | 16.8% | 10.5% | 2.1% | -3.0% | -3.8% | -17.9% | -22.4% | -29.6% | -30.6% | -41.0% |
| ROIC | 25.8% | 25.8% | 31.5% | 38.0% | -290.3% | -11.6% | -117.5% | — | — | — | -3611.7% |
| ROCE | 12.2% | 12.2% | 9.6% | 6.3% | -3.9% | -6.3% | -49.0% | -77.5% | -86.7% | -68.1% | -70.1% |
Solvency and debt-coverage ratios — lower is generally safer
Box, Inc. carries a Debt/EBITDA ratio of 7.1x, which is highly leveraged (139% above the sector average of 3.0x). Net debt stands at $97M ($721M total debt minus $625M cash). Interest coverage of 13.1x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.66 | 3.66 | 8.06 | — | — | 4.29 | 18.99 | 3.60 | 5.73 | 1.01 | 0.38 |
| Debt / EBITDA | 7.09 | 7.09 | 4.82 | 5.20 | 11.59 | 15.29 | — | — | — | — | — |
| Net Debt / Equity | — | 0.49 | 1.77 | — | — | 0.35 | 10.24 | -3.33 | -8.17 | -1.36 | -0.97 |
| Net Debt / EBITDA | 0.95 | 0.95 | 1.06 | 1.04 | 3.83 | 1.25 | — | — | — | — | — |
| Debt / FCF | — | 0.29 | 0.36 | 0.38 | 0.91 | 0.29 | 7.31 | -2.77 | -2.45 | — | — |
| Interest Coverage | 13.11 | 13.11 | — | — | -2.81 | -5.02 | -59.65 | -424.80 | -152.04 | -168.14 | -173.73 |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.19x means Box, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.13x to 1.19x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.19 | 1.19 | 1.24 | 1.13 | 1.27 | 1.43 | 0.79 | 0.93 | 1.01 | 1.08 | 1.28 |
| Quick Ratio | 1.19 | 1.19 | 1.24 | 1.13 | 1.27 | 1.43 | 0.79 | 0.93 | 1.01 | 1.08 | 1.28 |
| Cash Ratio | 0.78 | 0.78 | 0.71 | 0.64 | 0.82 | 0.97 | 0.34 | 0.47 | 0.53 | 0.60 | 0.77 |
| Asset Turnover | — | 0.65 | 0.84 | 0.82 | 0.63 | 0.57 | 0.73 | 0.94 | 0.91 | 0.81 | 0.61 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 98.00 | 99.01 | 97.44 | 107.00 | 108.12 | 109.79 | 105.07 | 116.92 | 109.99 | 123.67 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Box, Inc. returns 6.6% to shareholders annually — split between a 0.4% dividend yield and 6.2% buyback yield. The payout ratio of 6.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.4% | 0.3% | 0.4% | 0.3% | 0.2% | — | — | — | — | — | — |
| Payout Ratio | 6.1% | 6.1% | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.8% | 4.1% | 2.6% | 0.6% | — | — | — | — | — | — | — |
| FCF Yield | 9.7% | 6.6% | 7.8% | 5.9% | 5.5% | 6.7% | 1.4% | 1.3% | 1.7% | — | — |
| Buyback Yield | 6.2% | 4.3% | 4.6% | 5.7% | 13.8% | 1.8% | 0.0% | 0.7% | 1.2% | 0.8% | 0.8% |
| Total Shareholder Yield | 6.6% | 4.6% | 5.0% | 6.0% | 14.0% | 1.8% | 0.0% | 0.7% | 1.2% | 0.8% | 0.8% |
| Shares Outstanding | — | $149M | $149M | $150M | $156M | $156M | $148M | $141M | $134M | $127M | $121M |
Compare BOX with 5 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| BOXYou | $3B | 17.3 | 34.3 | 10.3 | 79.1% | 7.3% | 189.4% | 25.8% | 7.1 |
| ADBE | $116B | 21.2 | 15.0 | 14.8 | 89.0% | 31.3% | 36.3% | 38.9% | 0.8 |
| DBX | $2B | 17.9 | 5.8 | 2.2 | 82.5% | 19.1% | — | 33.7% | 4.8 |
| CCSI | $633M | 6.9 | 6.7 | 6.0 | 79.8% | 43.0% | 613.7% | 22.2% | 3.4 |
| KLTR | $216M | -6.6 | — | 18.5 | 66.6% | -13.5% | -114.5% | -39.2% | — |
| SNCR | $104M | 20.9 | 6.6 | 7.8 | 67.7% | 14.7% | 8.8% | 8.3% | 4.9 |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 13 years · Updated daily
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Start ComparisonBox, Inc.'s current P/E ratio is 17.3x. The historical average is 80.3x.
Box, Inc.'s current EV/EBITDA is 34.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 56.2x.
Box, Inc.'s return on equity (ROE) is 189.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -85.3%.
Based on historical data, Box, Inc. is trading at a P/E of 17.3x. Compare with industry peers and growth rates for a complete picture.
Box, Inc.'s current dividend yield is 0.43% with a payout ratio of 6.1%.
Box, Inc. has 79.1% gross margin and 7.3% operating margin.
Box, Inc.'s Debt/EBITDA ratio is 7.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.