Pitney Bowes Inc. (PBI) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Integrated Freight & Logistics
EV/EBITDA
↓
9.13
+17% vs avg
5yr avg: 7.82
30Y Low5.3·High17.8
P/FCF
↓
8.73
-8% vs avg
5yr avg: 9.45
30Y Low4.4·High50.2
P/B Ratio
↑
N/A
—
5yr avg: 10.82
30Y Low2.5·High25.0
ROE
↑
N/A
—
5yr avg: 23.2%
30Y Low-107%·High270%
Debt/EBITDA
↓
4.45
↓-31% vs avg
5yr avg: 6.41
30Y Low2.4·High9.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PBI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Pitney Bowes Inc. trades at 20.8x earnings, 83% below its 5-year average of 123.0x, sitting at the 73rd percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a discount of 19%. On a free-cash-flow basis, the stock trades at 8.7x P/FCF, 8% below the 5-year average of 9.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.6B | $1.8B | $1.3B | $773M | $674M | $1.2B | $1.1B | $715M | $1.1B | $2.1B | $2.9B |
| Enterprise Value | $4.6B | $3.8B | $2.9B | $2.5B | $2.6B | $3.0B | $2.9B | $2.7B | $3.7B | $4.9B | $5.5B |
| P/E Ratio → | 20.83 | 12.58 | — | — | 18.10 | 338.27 | — | 17.52 | 4.97 | 8.04 | 31.00 |
| P/S Ratio | 1.38 | 0.97 | 0.65 | 0.37 | 0.19 | 0.32 | 0.30 | 0.22 | 0.35 | 0.59 | 0.96 |
| P/B Ratio | — | — | — | — | 11.11 | 10.54 | 14.96 | 2.50 | 10.93 | 11.11 | — |
| P/FCF | 8.73 | 6.10 | 8.43 | — | 13.17 | 10.11 | 5.36 | 5.47 | 5.38 | 6.45 | 8.70 |
| P/OCF | 7.15 | 5.00 | 5.77 | 9.72 | 3.83 | 3.94 | 3.50 | 2.67 | 3.23 | 4.23 | 5.85 |
P/E links to full P/E history page with 30-year chart
PBI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Pitney Bowes Inc.'s enterprise value stands at 9.1x EBITDA, 17% above its 5-year average of 7.8x. The Industrials sector median is 13.8x, placing the stock at a 34% discount 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 | — | 1.99 | 1.43 | 1.19 | 0.73 | 0.82 | 0.83 | 0.86 | 1.14 | 1.38 | 1.84 |
| EV / EBITDA | 9.13 | 7.55 | 6.79 | 7.36 | 7.96 | 9.46 | 9.71 | 7.19 | 6.78 | 7.70 | 7.29 |
| EV / EBIT | 11.76 | 12.81 | 42.70 | 38.34 | 19.71 | 33.79 | — | 19.88 | 12.10 | 12.48 | 15.03 |
| EV / FCF | — | 12.56 | 18.49 | — | 50.27 | 25.63 | 14.94 | 21.01 | 17.75 | 15.14 | 16.59 |
PBI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Pitney Bowes Inc. earns an operating margin of 20.4%, significantly above the Industrials sector average of 4.3%. Operating margins have expanded from 10.8% to 20.4% over the past 3 years, signaling improving operational efficiency. ROIC of 27.2% represents excellent returns on invested capital versus a sector median of 6.1%.
Margins
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 | 54.1% | 54.1% | 52.4% | 49.6% | 30.5% | 30.5% | 32.3% | 40.0% | 44.3% | 51.5% | 58.8% |
| Operating Margin | 20.4% | 20.4% | 15.4% | 10.8% | 4.5% | 4.2% | 4.0% | 6.9% | 12.2% | 12.8% | 19.2% |
| Net Profit Margin | 7.6% | 7.6% | 0.5% | -18.5% | 1.0% | 0.1% | -5.4% | 0.4% | 5.6% | 7.4% | 3.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | 42.6% | 3.8% | -106.8% | 6.9% | 124.8% | 615.6% | 60.2% |
| ROA | 4.4% | 4.4% | 0.3% | -8.6% | 0.8% | 0.1% | -3.6% | 0.2% | 2.9% | 4.2% | 1.9% |
| ROIC | 27.2% | 27.2% | 20.1% | 10.2% | 6.1% | 6.0% | 5.0% | 6.7% | 10.4% | 12.4% | 16.3% |
| ROCE | 23.1% | 23.1% | 15.2% | 8.3% | 5.1% | 4.7% | 3.9% | 5.6% | 9.1% | 11.2% | 15.6% |
PBI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Pitney Bowes Inc. carries a Debt/EBITDA ratio of 4.5x, which is highly leveraged (38% above the sector average of 3.2x). Net debt stands at $1.9B ($2.2B total debt minus $285M cash). Interest coverage of just 2.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | 42.33 | 22.70 | 39.75 | 10.32 | 33.64 | 20.31 | — |
| Debt / EBITDA | 4.45 | 4.45 | 4.80 | 6.85 | 7.95 | 8.03 | 9.27 | 7.74 | 6.33 | 6.00 | 4.48 |
| Net Debt / Equity | — | — | — | — | 31.28 | 16.19 | 26.71 | 7.09 | 25.13 | 14.96 | — |
| Net Debt / EBITDA | 3.88 | 3.88 | 3.70 | 5.06 | 5.87 | 5.73 | 6.23 | 5.32 | 4.72 | 4.42 | 3.46 |
| Debt / FCF | — | 6.46 | 10.06 | — | 37.10 | 15.52 | 9.57 | 15.53 | 12.37 | 8.69 | 7.88 |
| Interest Coverage | 2.90 | 2.90 | 0.62 | 0.40 | 0.94 | 0.62 | -0.50 | 0.89 | 1.90 | 2.40 | 2.52 |
PBI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.71x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.08x to 0.71x 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 | 0.71 | 0.71 | 0.79 | 1.08 | 1.04 | 1.09 | 1.13 | 1.42 | 1.43 | 1.27 | 1.00 |
| Quick Ratio | 0.67 | 0.67 | 0.75 | 1.05 | 0.99 | 1.05 | 1.09 | 1.38 | 1.39 | 1.23 | 0.96 |
| Cash Ratio | 0.19 | 0.19 | 0.29 | 0.33 | 0.39 | 0.43 | 0.50 | 0.66 | 0.49 | 0.51 | 0.34 |
| Asset Turnover | — | 0.60 | 0.60 | 0.49 | 0.75 | 0.74 | 0.68 | 0.59 | 0.54 | 0.53 | 0.51 |
| Inventory Turnover | 13.12 | 13.12 | 16.12 | 16.63 | 29.36 | 32.47 | 33.64 | 28.16 | 28.75 | 19.21 | 13.26 |
| Days Sales Outstanding | — | 128.77 | 127.15 | 134.20 | 94.63 | 90.34 | 100.69 | 42.53 | 42.26 | 53.92 | 166.61 |
PBI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Pitney Bowes Inc. returns 16.1% to shareholders annually — split between a 1.7% dividend yield and 14.5% buyback yield. The payout ratio of 35.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 4.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 1.7% | 2.8% | 2.7% | 4.6% | 5.2% | 2.9% | 3.2% | 4.9% | 12.6% | 6.7% | 4.9% |
| Payout Ratio | 35.3% | 35.3% | 351.0% | — | 94.0% | 992.3% | — | 266.0% | 77.5% | 53.4% | 125.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.8% | 7.9% | — | — | 5.5% | 0.3% | — | 5.7% | 20.1% | 12.4% | 3.2% |
| FCF Yield | 11.5% | 16.4% | 11.9% | — | 7.6% | 9.9% | 18.6% | 18.3% | 18.6% | 15.5% | 11.5% |
| Buyback Yield | 14.5% | 20.7% | 0.0% | 0.0% | 2.0% | 0.0% | 0.0% | 14.7% | 0.0% | 0.0% | 6.9% |
| Total Shareholder Yield | 16.1% | 23.5% | 2.7% | 4.6% | 7.2% | 2.9% | 3.2% | 19.6% | 12.6% | 6.7% | 11.8% |
| Shares Outstanding | — | $173M | $183M | $176M | $177M | $179M | $172M | $177M | $188M | $187M | $189M |
Peer Comparison
Compare PBI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 PBIYou | $3B | 20.8 | 9.1 | 8.7 | 54.1% | 20.4% | — | 27.2% | 4.5 |
 QUAD | $398M | 14.1 | 3.9 | 7.9 | 18.4% | 4.9% | 30.3% | 17.9% | 2.2 |
 ENSG | $9B | 26.3 | 23.5 | 24.2 | 13.7% | 8.6% | 16.9% | 7.0% | 7.7 |
 UPS | $89B | 16.0 | 9.5 | 18.7 | 18.5% | 9.6% | 33.8% | 16.1% | 2.6 |
 FDX | $78B | 19.4 | 10.6 | 26.1 | 21.6% | 6.9% | 14.7% | 7.7% | 3.6 |
 SMSI | $12M | -0.4 | — | — | 74.1% | -110.8% | -101.8% | -48.3% | — |
 GXO | $6B | 173.7 | 14.3 | 9999.0 | 11.6% | 3.2% | 1.1% | 3.6% | 9.0 |
 OPRT | $236M | 9.7 | 34.4 | 0.6 | 63.7% | 6.9% | 6.8% | 1.0% | 32.9 |
 AMZN | $2.6T | 34.1 | 18.5 | 341.6 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 ORCL | $530B | 31.6 | 22.8 | — | 65.2% | 30.8% | 53.4% | 11.0% | 5.4 |
 DLX | $1B | 12.7 | 5.7 | 5.9 | 53.0% | 12.3% | 13.1% | 9.6% | 3.9 |
| Industrials Median | — | 25.6 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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PBI — Frequently Asked Questions
Quick answers to the most common questions about buying PBI stock.
What is Pitney Bowes Inc.'s P/E ratio?
Pitney Bowes Inc.'s current P/E ratio is 20.8x. The historical average is 20.1x. This places it at the 73th percentile of its historical range.
What is Pitney Bowes Inc.'s EV/EBITDA?
Pitney Bowes Inc.'s current EV/EBITDA is 9.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.0x.
Is PBI stock overvalued?
Based on historical data, Pitney Bowes Inc. is trading at a P/E of 20.8x. This is at the 73th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Pitney Bowes Inc.'s dividend yield?
Pitney Bowes Inc.'s current dividend yield is 1.69% with a payout ratio of 35.3%.
What are Pitney Bowes Inc.'s profit margins?
Pitney Bowes Inc. has 54.1% gross margin and 20.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Pitney Bowes Inc. have?
Pitney Bowes Inc.'s Debt/EBITDA ratio is 4.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.