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BoxBOX -2.96%79 Debt-to-Equity is 3.35 as of Apr. 2026, which is 0% below its 10-year median of 3.36. GuruFocus rates BOX with a GF Score™ of 79/100 and a GF Value™ of $34.53 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,245 Software companies, Box ranks worse than 96.88% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Box's Debt-to-Equity or its related term are showing as below:
BOX'
s Debt-to-Equity Range Over the Past 10 Years
Min: -24.13 Med: 3.36 Max: 141.7
Current: 3.35
During the past 13 years, the highest Debt-to-Equity Ratio of Box was 141.70. The lowest was -24.13. And the median was 3.36.
BOX's Debt-to-Equity is ranked worse than 96.88% of 2245
companies
in the Software industry
Industry Median: 0.19
vs BOX: 3.35
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Box Debt-to-Equity Related Terms
Box Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Box's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Infrastructure subindustry, Box's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Box Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, Box's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Box's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Box (BOX) has a Debt-to-Equity of 3.35 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Box and its competitors. This is near median its historical median of 3.36. According to the industry distribution chart, Box ranks #2175 out of 2245 companies in the Software industry, placing it in the top 96.9%.
Is Box's Debt-to-Equity too high?
Box's current Debt-to-Equity of 3.35 is near median its 10-year median of 3.36. The Software industry median Debt-to-Equity is 0.19. Box's value of 3.35 is 1663.2% above this industry median. Based on the distribution chart, Box ranks #2175 out of 2245 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Box has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Box's Debt-to-Equity compare to DLO and FOUR?
According to the Software industry distribution chart, Box ranks #2175 out of 2245 companies for Debt-to-Equity. This places Box in the lower half of its industry. The industry median Debt-to-Equity is 0.19. Box's value of 3.35 is 1663.2% above this benchmark. While the company's 10-year median is 3.36 vs. the industry median of 0.19, Box has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Software company?
The median Debt-to-Equity among Software companies is 0.19, based on 2,245 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Box's current Debt-to-Equity of 3.35 is 1663.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Box and its competitors. For the Software industry, the median Debt-to-Equity is 0.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Box's current Debt-to-Equity is 3.35, which is near median its own 10-year median of 3.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Box stock overvalued right now?
Based on GuruFocus' analysis, Box (BOX) is currently considered Modestly Undervalued. The stock's GF Value™ is $34.53, compared to a current price of $30.48 — trading 11.7% below its estimated fair value. The current Debt-to-Equity is 3.35, which is near median its 10-year median of 3.36 and 1663.2% above the Software industry median of 0.19. Box's overall GF Score™ is 79/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Box (BOX), the current Debt-to-Equity is 3.35 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Box (BOX) Overvalued in 2026?
Based on GuruFocus' analysis, Box stock appears to be undervalued.
The current stock price of $30.48 is trading 11.7% below its estimated GF Value™ of $34.53.
GuruFocus considers Box to be Modestly Undervalued.
Key valuation signals for BOX:
Debt-to-Equity: 3.35 (near median its 10-year median of 3.36)
GF Value™: $34.53 vs. price of $30.48 (11.7% below fair value)
Industry Position: 1663.2% above the Software median (#2175 of 2245)
No single metric tells the full story. See the BOX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Box is a cloud-based content management platform that provides storage and workflow collaboration services for enterprise customers. The firm was founded in 2005 as a file, sync, and share provider. Over time, it built out and acquired workflow and security tools to evolve the pure-play FSS business into a content management business. Most recently, Box has been pursuing an AI-powered, intelligent content management strategy that can allow for metadata extraction and workflow automation.
79GF Score
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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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