Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Dropbox's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $-2,188 Mil. Dropbox's Total Assets for the quarter that ended in Jun. 2026 was $2,826 Mil.
Therefore, Dropbox's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was -0.77.
The historical rank and industry rank for Dropbox's Equity-to-Asset or its related term are showing as below:
DBX'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.77 Med: -0.08 Max: 0.4
Current: -0.77
During the past 11 years, the highest Equity to Asset Ratio of Dropbox was 0.40. The lowest was -0.77. And the median was -0.08.
DBX's Equity-to-Asset is ranked worse than 95.23% of 2891
companies
in the Software industry
Industry Median: 0.56
vs DBX: -0.77
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Dropbox Equity-to-Asset Related Terms
Dropbox Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Dropbox's Equity-to-Asset 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, Dropbox's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Dropbox Equity-to-Asset vs Software Industry
For the Software industry and Technology sector, Dropbox's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Dropbox's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Dropbox's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Dropbox (DBX) has a Equity-to-Asset of -0.77 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Dropbox and its competitors. According to the industry distribution chart, Dropbox ranks #2753 out of 2891 companies in the Software industry, placing it in the top 95.2%.
Is Dropbox's Equity-to-Asset too high?
Dropbox's current Equity-to-Asset is -0.77. Based on the distribution chart, Dropbox ranks #2753 out of 2891 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Dropbox has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dropbox's Equity-to-Asset compare to MBGL and CORZ?
According to the Software industry distribution chart, Dropbox ranks #2753 out of 2891 companies for Equity-to-Asset. This places Dropbox in the lower half of its industry. The industry median Equity-to-Asset is 0.56. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Software company?
The median Equity-to-Asset among Software companies is 0.56, based on 2,891 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Dropbox and its competitors. For the Software industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dropbox's current Equity-to-Asset is -0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dropbox stock overvalued right now?
Based on GuruFocus' analysis, Dropbox (DBX) is currently considered Fairly Valued. The stock's GF Value™ is $35.44, compared to a current price of $34.42 — trading 2.9% below its estimated fair value. The current Equity-to-Asset is -0.77. Dropbox's overall GF Score™ is 80/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Dropbox (DBX), the current Equity-to-Asset is -0.77 as of Jun. 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 Dropbox (DBX) Overvalued in 2026?
Based on GuruFocus' analysis, Dropbox stock appears to be undervalued.
The current stock price of $34.42 is trading 2.9% below its estimated GF Value™ of $35.44.
GuruFocus considers Dropbox to be Fairly Valued.
Key valuation signals for DBX:
Equity-to-Asset: -0.77
GF Value™: $35.44 vs. price of $34.42 (2.9% below fair value)
No single metric tells the full story. See the DBX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dropbox provides cloud storage and content collaboration tools, focusing on individuals and small to midsize businesses. Founded in 2007, Dropbox was a pioneer in the file sync and share market. In recent years, the firm has been emphasizing its Dash product, which facilitates AI-powered universal search across unstructured cloud data.
80GF Score
Get the complete analysis for DBX
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
DBX has been successfully added to your 
