DBXDropbox, Inc.

$33.81

Is the price fair?

What DBX's price assumes

Dropbox, Inc. trades at 18.8× earnings against 31.4× for the median Software - Infrastructure name, cheaper than its own group.

18.8

Trailing P/E · Software - Infrastructure median 31.4 · cheaper than the typical name in its group

Price / sales
2.13

Price / sales · as of 2026-Q1

Free cash flow yield
16%

Free cash flow yield · Software - Infrastructure median 5.1%

Growth the price implies
−11%

Growth the price implies · The price pays for −11% free cash flow growth a year for a decade; the business has delivered +8.5% a year over the last three.

Details
Technology median P/E365 names
36.5
Software - Infrastructure median P/E81 names
31.4
Free cash flow, trailing twelve months
$957M
Market capitalisation
$5.85B
3-year revenue growth
+1.5%
3-year free cash flow growth
+8.5%
What the market has paid for these earnings: 16 quarters of its own multiple × $1.80 of trailing earnings per share
MethodPer share
Its own P/E history, lower quartile$29.69
Its own P/E history, median$31.12
Its own P/E history, upper quartile$33.20
52-week range$22.06 – $35.95
Today$33.81

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.