DBX
Dropbox Inc - Class A
PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: DBX
- PE Ratio
As at Jul 31, 2026, the DBX stock has a PE ratio of 17.6. This is based on the current EPS of $1.85 and the stock price of $32.56 per share. An increase of 15% has been seen in the P/E ratio compared to the average of 15.3 of the last 4 quarters.
DBX PE ratio history
The mean historical PE ratio of Dropbox Inc - Class A over the last seven years is 36.91. The current 17.6 PE ratio is 52% below the historical average. Over the past seven years, DBX's PE ratio was at its highest in the Jun 2020 quarter at 311, with a price of $21.77 and an EPS of $0.07. The Mar 2026 quarter recorded the bottom point at 12.28, with a price of $22.72 and an EPS of $1.85.
Dropbox Inc - Class A PE ratio by year
Maximum annual increase: 51.54% in 2023
Maximum annual decrease: -48.14% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 14.71 | -30.45% | $27.8 | $1.89 |
| 2024 | 21.15 | -4.6% | $30.04 | $1.42 |
| 2023 | 22.17 | 51.54% | $29.48 | $1.33 |
| 2022 | 14.63 | -48.14% | $22.38 | $1.53 |
| 2021 | 28.21 | N/A | $24.54 | $0.87 |
| 2020 | N/A | N/A | $22.19 | -$0.62 |
| 2019 | N/A | N/A | $17.91 | -$0.13 |
| 2018 | N/A | N/A | $20.43 | -$1.35 |
| 2017 | N/A | N/A | N/A | -$0.57 |
| 2016 | N/A | N/A | N/A | -$1.11 |
| 2015 | N/A | N/A | N/A | -$1.77 |
Dropbox Inc - Class A PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 12.28 | -16.52% | $22.72 | $1.85 |
| Dec 2025 | 14.71 | -12.86% | $27.8 | $1.89 |
| Sep 2025 | 16.88 | -2.03% | $30.21 | $1.79 |
| Jun 2025 | 17.23 | -0.63% | $28.6 | $1.66 |
| Mar 2025 | 17.34 | -18.01% | $26.71 | $1.54 |
| Dec 2024 | 21.15 | 45.56% | $30.04 | $1.42 |
| Sep 2024 | 14.53 | 13.16% | $25.43 | $1.75 |
| Jun 2024 | 12.84 | -18.63% | $22.47 | $1.75 |
| Mar 2024 | 15.78 | -28.82% | $24.3 | $1.54 |
| Dec 2023 | 22.17 | 28.67% | $29.48 | $1.33 |
| Sep 2023 | 17.23 | -5.02% | $27.23 | $1.58 |
| Jun 2023 | 18.14 | 26.68% | $26.67 | $1.47 |
| Mar 2023 | 14.32 | -2.12% | $21.62 | $1.51 |
| Dec 2022 | 14.63 | -32.92% | $22.38 | $1.53 |
| Sep 2022 | 21.81 | -4.43% | $20.72 | $0.95 |
DBX Price vs fair value
DBX average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of DBX is greater than its 3-year historical average, but it is below the 5-year average.
PE comparison
Dropbox Inc - Class A's P/E of 17.6 is below the Technology sector and the industry average. Compared to its Technology sector average of 34.94, Dropbox Inc - Class A's P/E is 50% lower.
DBX PE vs peers
Compared to its peer stock PHR, DBX's PE ratio stands lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| DBX Dropbox Inc - Class A | 17.97 | $7.75B |
| PHR Phreesia Inc | 74.77 | $693.22M |
| PHUN Phunware Inc | N/A | $43.45M |
Frequently asked questions
What is Dropbox Inc - Class A's PE ratio?
DBX's price to earnings ratio is 17.6 as of Jul 31, 2026.
What is the 3-year average PE ratio for Dropbox Inc - Class A (DBX)?
The average PE ratio for DBX stock over the past 3 years is 16.56.
What is the 5-year average PE ratio for Dropbox Inc - Class A (DBX)?
The average PE ratio for DBX stock over the past 5 years is 18.1.
What is the highest PE ratio for DBX?
In the last seven years, the Jun 2020 quarter recorded the highest quarterly PE ratio at 311.
How does the current PE ratio for DBX compare to its historical average?
DBX's current price to earnings ratio is 52% below its 7-year historical average.
How is DBX's PE ratio calculated (Dropbox Inc - Class A PE ratio formula)?
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jul 31, 2026), Dropbox Inc - Class A's stock price is $32.56. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $1.85. Therefore, Dropbox Inc - Class A's P/E ratio for today is 17.6. PE RATIO(17.6) = STOCK PRICE($32.56) / TTM EPS($1.85)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.