Dropbox (MEX:DBX) Moat Score: 5/10 (As of Jul. 01, 2026)


MEX:DBX Dropbox Inc MEX:DBX
59 GF Score
Price MXN493.10
GF Value MXN621.98
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Dropbox Moat Score?

Dropbox MEX:DBX 59 Moat Score is 5 as of Jul. 01, 2026. GuruFocus rates MEX:DBX with a GF Score™ of 59/100 and a GF Value™ of MXN621.98 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,843 Software companies, Dropbox ranks better than 94.79% on this metric.

Dropbox has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

Dropbox has Narrow Moat: Dropbox Inc benefits from network effects and customer switching costs due to its integrated platform. However, intense competition in cloud storage limits its pricing power and brand strength, resulting in a solid but narrow moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Dropbox might have Narrow Moat - Solid narrow moat.

Dropbox  (MEX:DBX) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Dropbox Moat Score Related Terms

MEX:DBX vs MBGLw, DOX, PATH: Moat Score Comparison

For the Software - Infrastructure subindustry, Dropbox's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Software Industry

For the Software industry and Technology sector, Dropbox's Moat Score distribution charts can be found below:

* The bar in red indicates where Dropbox's Moat Score falls into.


MEX:DBX
59GF Score
Dropbox Inc MEX:DBX
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 5 mean?
Dropbox (MEX:DBX) has a Moat Score of 5 as of Jul. 01, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Dropbox ranks #148 out of 2843 companies in the Software industry, placing it in the top 5.2%.
Is Dropbox's Moat Score too high?
Dropbox's current Moat Score is 5. Based on the distribution chart, Dropbox ranks #148 out of 2843 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Dropbox has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dropbox's Moat Score compare to MBGLw and DOX?
According to the Software industry distribution chart, Dropbox ranks #148 out of 2843 companies for Moat Score. This places Dropbox in the top 5% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Software company?
A good Moat Score depends on the Software industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Dropbox's current Moat Score is 5. 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 (MEX:DBX) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN621.98, compared to a current price of MXN493.10 — trading 20.7% below its estimated fair value. The current Moat Score is 5. Dropbox's overall GF Score™ is 59/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Dropbox (MEX:DBX), the current Moat Score is 5 as of Jul. 01, 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 (MEX:DBX) Overvalued in 2026?

Based on GuruFocus' analysis, Dropbox stock appears to be undervalued. The current stock price of MXN493.10 is trading 20.7% below its estimated GF Value™ of MXN621.98. GuruFocus considers Dropbox to be Modestly Undervalued.

Key valuation signals for MEX:DBX:

  • Moat Score: 5
  • GF Value™: MXN621.98 vs. price of MXN493.10 (20.7% below fair value)
  • GF Score™: 59/100 with 2 warning signs

No single metric tells the full story. See the MEX:DBX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Dropbox Business Description

Address 1800 Owens Street, San Francisco, CA, USA, 94158
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.
59GF Score

Get the complete analysis for MEX:DBX

Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN493.10
Price
MXN621.98
GF Value