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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt 0.28
PBI's Cash to Debt is ranked lower than
53% of the 1959 Companies
in the Global Business Equipment industry.

( Industry Median: 1.12 vs. PBI: 0.28 )
PBI' s 10-Year Cash to Debt Range
Min: 0.02   Max: 0.28
Current: 0.28

0.02
0.28
Equity to Asset 0.03
PBI's Equity to Asset is ranked lower than
65% of the 1963 Companies
in the Global Business Equipment industry.

( Industry Median: 0.51 vs. PBI: 0.03 )
PBI' s 10-Year Equity to Asset Range
Min: -0.03   Max: 0.3
Current: 0.03

-0.03
0.3
Interest Coverage 2.06
PBI's Interest Coverage is ranked lower than
63% of the 1258 Companies
in the Global Business Equipment industry.

( Industry Median: 29.41 vs. PBI: 2.06 )
PBI' s 10-Year Interest Coverage Range
Min: 2.06   Max: 6.23
Current: 2.06

2.06
6.23
F-Score: 6
Z-Score: 2.41
M-Score: -2.97
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 14.61
PBI's Operating margin (%) is ranked higher than
90% of the 1979 Companies
in the Global Business Equipment industry.

( Industry Median: 6.36 vs. PBI: 14.61 )
PBI' s 10-Year Operating margin (%) Range
Min: 7.85   Max: 25.64
Current: 14.61

7.85
25.64
Net-margin (%) 5.78
PBI's Net-margin (%) is ranked higher than
75% of the 1979 Companies
in the Global Business Equipment industry.

( Industry Median: 4.63 vs. PBI: 5.78 )
PBI' s 10-Year Net-margin (%) Range
Min: 1.84   Max: 16.69
Current: 5.78

1.84
16.69
ROE (%) 79.32
PBI's ROE (%) is ranked higher than
100% of the 1966 Companies
in the Global Business Equipment industry.

( Industry Median: 7.16 vs. PBI: 79.32 )
PBI' s 10-Year ROE (%) Range
Min: 15.07   Max: 3256.33
Current: 79.32

15.07
3256.33
ROA (%) 3.39
PBI's ROA (%) is ranked higher than
68% of the 1984 Companies
in the Global Business Equipment industry.

( Industry Median: 3.49 vs. PBI: 3.39 )
PBI' s 10-Year ROA (%) Range
Min: 1.22   Max: 7.88
Current: 3.39

1.22
7.88
ROC (Joel Greenblatt) (%) 123.21
PBI's ROC (Joel Greenblatt) (%) is ranked higher than
99% of the 1981 Companies
in the Global Business Equipment industry.

( Industry Median: 13.07 vs. PBI: 123.21 )
PBI' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 33.28   Max: 96.5
Current: 123.21

33.28
96.5
Revenue Growth (%) -10.10
PBI's Revenue Growth (%) is ranked lower than
55% of the 1750 Companies
in the Global Business Equipment industry.

( Industry Median: 3.60 vs. PBI: -10.10 )
PBI' s 10-Year Revenue Growth (%) Range
Min: -10.1   Max: 11.1
Current: -10.1

-10.1
11.1
EBITDA Growth (%) -4.70
PBI's EBITDA Growth (%) is ranked higher than
61% of the 1527 Companies
in the Global Business Equipment industry.

( Industry Median: 3.30 vs. PBI: -4.70 )
PBI' s 10-Year EBITDA Growth (%) Range
Min: -11.9   Max: 13.7
Current: -4.7

-11.9
13.7
EPS Growth (%) -1.70
PBI's EPS Growth (%) is ranked higher than
66% of the 1358 Companies
in the Global Business Equipment industry.

( Industry Median: 4.50 vs. PBI: -1.70 )
PBI' s 10-Year EPS Growth (%) Range
Min: -7.8   Max: 14.8
Current: -1.7

-7.8
14.8
» PBI's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

PBI Guru Trades in Q3 2013

Julian Robertson 613,800 sh (New)
Jean-Marie Eveillard 5,016,655 sh (+112.61%)
Joel Greenblatt 749,769 sh (+7.57%)
Steven Romick -401,000 sh (unchged)
Chase Coleman Sold Out
Steven Cohen 26,557 sh (-48.77%)
Jeremy Grantham 38,463 sh (-91.81%)
Dodge & Cox 165,100 sh (-92.84%)
» More
Q4 2013

PBI Guru Trades in Q4 2013

David Dreman 3,500 sh (New)
Mariko Gordon 145,907 sh (New)
Steven Cohen 71,517 sh (+169.3%)
Jeremy Grantham 96,579 sh (+151.1%)
Joel Greenblatt 807,572 sh (+7.71%)
Jean-Marie Eveillard 5,077,455 sh (+1.21%)
Steven Romick -401,000 sh (unchged)
Julian Robertson Sold Out
Dodge & Cox 54,200 sh (-67.17%)
» More
Q1 2014

PBI Guru Trades in Q1 2014

Jim Simons 1,141,000 sh (New)
Jean-Marie Eveillard 5,079,805 sh (+0.05%)
Steven Romick -401,000 sh (unchged)
Jeremy Grantham Sold Out
Mariko Gordon 142,025 sh (-2.66%)
Dodge & Cox 52,200 sh (-3.69%)
Joel Greenblatt 761,470 sh (-5.71%)
David Dreman 2,723 sh (-22.2%)
Steven Cohen 12,417 sh (-82.64%)
» More
Q2 2014

PBI Guru Trades in Q2 2014

Joel Greenblatt 994,703 sh (+30.63%)
David Dreman 3,439 sh (+26.29%)
Jean-Marie Eveillard 5,369,905 sh (+5.71%)
Steven Romick -401,000 sh (unchged)
Mariko Gordon 141,925 sh (-0.07%)
Dodge & Cox 48,400 sh (-7.28%)
Jim Simons 737,200 sh (-35.39%)
» More
» Details

Insider Trades

Latest Guru Trades with PBI

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2014-06-30 Add 30.63%0.08%$24.49 - $28.14 $ 25.86-3%994703
David Dreman 2014-06-30 Add 26.29%$24.49 - $28.14 $ 25.86-3%3439
David Dreman 2014-03-31 Reduce -22.2%$21.13 - $26.51 $ 25.865%2723
Julian Robertson 2013-12-31 Sold Out 1.7%$18.48 - $24.09 $ 25.8620%0
Mariko Gordon 2013-12-31 New Buy0.14%$18.48 - $24.09 $ 25.8620%145907
David Dreman 2013-12-31 New Buy0.01%$18.48 - $24.09 $ 25.8620%3500
Dodge & Cox 2013-12-31 Reduce -67.17%$18.48 - $24.09 $ 25.8620%54200
Julian Robertson 2013-09-30 New Buy1.7%$13.92 - $18.5 $ 25.8658%613800
Jean-Marie Eveillard 2013-09-30 Add 112.61%0.14%$13.92 - $18.5 $ 25.8658%5016655
Dodge & Cox 2013-09-30 Reduce -92.84%0.04%$13.92 - $18.5 $ 25.8658%165100
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

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Preferred stocks of Pitney Bowes Inc

SymbolPriceYieldDescription
PBOWP607.000.30
PBOWN438.180.50$2.12 Convertible Cumulative Preference Stock (no par value)

Guru Investment Theses on Pitney Bowes Inc

David Einhorn Comments on Pitney Bowes - Jan 23, 2013

Our three year old thesis that Pitney Bowes (PBI) was a “melting ice cube” due to secular declining U.S. mail volumes played out. The company has been in a perpetual restructuringmode and reported a series of disappointing quarters. In addition, the viability of the dividendcame into question. We covered the short position with a nice gain.

From David Einhorn's fourth quarter letter.


Check out David Einhorn latest stock trades

Ratios

vs
industry
vs
history
P/E(ttm) 44.50
PBI's P/E(ttm) is ranked higher than
59% of the 2050 Companies
in the Global Business Equipment industry.

( Industry Median: 24.20 vs. PBI: 44.50 )
PBI' s 10-Year P/E(ttm) Range
Min: 3.73   Max: 883.96
Current: 44.5

3.73
883.96
P/B 27.80
PBI's P/B is ranked lower than
66% of the 1909 Companies
in the Global Business Equipment industry.

( Industry Median: 1.71 vs. PBI: 27.80 )
PBI' s 10-Year P/B Range
Min: 6.79   Max: 481.8
Current: 27.8

6.79
481.8
P/S 1.40
PBI's P/S is ranked higher than
59% of the 1960 Companies
in the Global Business Equipment industry.

( Industry Median: 0.98 vs. PBI: 1.40 )
PBI' s 10-Year P/S Range
Min: 0.42   Max: 2.35
Current: 1.4

0.42
2.35
PFCF 11.20
PBI's PFCF is ranked higher than
83% of the 1015 Companies
in the Global Business Equipment industry.

( Industry Median: 19.70 vs. PBI: 11.20 )
PBI' s 10-Year PFCF Range
Min: 3.83   Max: 91.69
Current: 11.2

3.83
91.69
EV-to-EBIT 19.16
PBI's EV-to-EBIT is ranked higher than
58% of the 1637 Companies
in the Global Business Equipment industry.

( Industry Median: 14.75 vs. PBI: 19.16 )
PBI' s 10-Year EV-to-EBIT Range
Min: 9.2   Max: 20.3
Current: 19.16

9.2
20.3
Shiller P/E 13.30
PBI's Shiller P/E is ranked higher than
87% of the 1053 Companies
in the Global Business Equipment industry.

( Industry Median: 23.91 vs. PBI: 13.30 )
PBI' s 10-Year Shiller P/E Range
Min: 4.84   Max: 25.31
Current: 13.3

4.84
25.31
Current Ratio 1.18
PBI's Current Ratio is ranked lower than
57% of the 1645 Companies
in the Global Business Equipment industry.

( Industry Median: 1.83 vs. PBI: 1.18 )
PBI' s 10-Year Current Ratio Range
Min: 0.52   Max: 1.28
Current: 1.18

0.52
1.28
Quick Ratio 1.14
PBI's Quick Ratio is ranked higher than
59% of the 1645 Companies
in the Global Business Equipment industry.

( Industry Median: 1.31 vs. PBI: 1.14 )
PBI' s 10-Year Quick Ratio Range
Min: 0.41   Max: 1.23
Current: 1.14

0.41
1.23

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.90
PBI's Dividend Yield is ranked higher than
81% of the 1524 Companies
in the Global Business Equipment industry.

( Industry Median: 1.52 vs. PBI: 2.90 )
PBI' s 10-Year Dividend Yield Range
Min: 2.58   Max: 14.41
Current: 2.9

2.58
14.41
Dividend Payout 0.52
PBI's Dividend Payout is ranked lower than
58% of the 1256 Companies
in the Global Business Equipment industry.

( Industry Median: 0.31 vs. PBI: 0.52 )
PBI' s 10-Year Dividend Payout Range
Min: 0.18   Max: 1.25
Current: 0.52

0.18
1.25
Dividend growth (3y) -13.70
PBI's Dividend growth (3y) is ranked higher than
58% of the 1010 Companies
in the Global Business Equipment industry.

( Industry Median: 5.70 vs. PBI: -13.70 )
PBI' s 10-Year Dividend growth (3y) Range
Min: -13.7   Max: 15.4
Current: -13.7

-13.7
15.4
Yield on cost (5-Year) 1.85
PBI's Yield on cost (5-Year) is ranked higher than
55% of the 1555 Companies
in the Global Business Equipment industry.

( Industry Median: 1.77 vs. PBI: 1.85 )
PBI' s 10-Year Yield on cost (5-Year) Range
Min: 1.7   Max: 9.5
Current: 1.85

1.7
9.5
Share Buyback Rate 0.60
PBI's Share Buyback Rate is ranked higher than
85% of the 1266 Companies
in the Global Business Equipment industry.

( Industry Median: -0.40 vs. PBI: 0.60 )
PBI' s 10-Year Share Buyback Rate Range
Min: 4   Max: 0.6
Current: 0.6

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 0.83
PBI's Price/DCF (Projected) is ranked higher than
82% of the 1141 Companies
in the Global Business Equipment industry.

( Industry Median: 1.25 vs. PBI: 0.83 )
PBI' s 10-Year Price/DCF (Projected) Range
Min: 0.31   Max: 3.4
Current: 0.83

0.31
3.4
Price/Median PS Value 1.09
PBI's Price/Median PS Value is ranked higher than
68% of the 1913 Companies
in the Global Business Equipment industry.

( Industry Median: 1.15 vs. PBI: 1.09 )
PBI' s 10-Year Price/Median PS Value Range
Min: 0.36   Max: 4.31
Current: 1.09

0.36
4.31
Earnings Yield (Greenblatt) 5.20
PBI's Earnings Yield (Greenblatt) is ranked higher than
60% of the 1857 Companies
in the Global Business Equipment industry.

( Industry Median: 6.60 vs. PBI: 5.20 )
PBI' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.9   Max: 10.8
Current: 5.2

4.9
10.8
Forward Rate of Return (Yacktman) 0.95
PBI's Forward Rate of Return (Yacktman) is ranked higher than
64% of the 1489 Companies
in the Global Business Equipment industry.

( Industry Median: 4.88 vs. PBI: 0.95 )
PBI' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 0.3   Max: 28.4
Current: 0.95

0.3
28.4

Business Description

Industry: Industrial Products » Business Equipment
Compare:CAJ, XRX, RICOY, KNCAY, BRTHY » details
Traded in other countries:PBOWP.USA, PBW.Germany, PBOWN.USA
Pitney Bowes Inc was incorporated in the state of Delaware on April 23, 1920, as the Pitney Bowes Postage Meter Company. The Company is a provider of mail processing equipment and integrated mail solutions in the world. It offers a full suite of equipment, supplies, software and services for end-to-end mailstream solutions which enable its customers to optimize the flow of physical and electronic mail, documents and packages across their operations. The Company operates in two business groups, Mailstream Solutions and Mailstream Services. It operates both inside and outside the United States. Its Mailstream Solutions and Mailstream Services businesses utilize these facilities jointly and separately. The Company conducts its business activities in seven business segments within the Mailstream Solutions and Mailstream Services business groups. The main products and services of each of its business segments are: U.S. Mailing, International Mailing, Production Mail, Software, Management Services, Mail Services and Marketing Services. It depends on third-party suppliers for a variety of services, components, supplies and a portion of its product manufacturing. The Company's products and services are marketed through a network of direct sales offices in the U.S. and through a number of its subsidiaries and independent distributors and dealers in many countries throughout the world. It also uses direct marketing, outbound telemarketing and the Internet to reach its existing and potential customers. The Company has many research and development programs that are directed toward developing new products and service offerings. It depends on third party suppliers for a variety of services, components, supplies and a portion of its product manufacturing. Pitney Bowes is subject to the U.S. Postal Service's regulations and those of foreign postal authorities, related to product specifications and business practices involving its postage meters.
» More Articles for PBI

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