Dropbox (MEX:DBX) PB Ratio: (As of Jun. 26, 2026)


MEX:DBX Dropbox Inc MEX:DBX
59 GF Score
Price MXN493.10
GF Value MXN673.69
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Dropbox PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-26), Dropbox's share price is MXN493.10. Dropbox's Book Value per Share for the quarter that ended in Mar. 2026 was MXN-157.52. Hence, Dropbox's PB Ratio of today is .

The historical rank and industry rank for Dropbox's PB Ratio or its related term are showing as below:

During the past 11 years, Dropbox's highest PB Ratio was 32.88. The lowest was 8.78. And the median was 13.04.

MEX:DBX's PB Ratio is not ranked *
in the Software industry.
Industry Median: 2.36
* Ranked among companies with meaningful PB Ratio only.

During the past 3 years, the average Book Value Per Share Growth Rate was -102.90% per year.

During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Dropbox was -48.10% per year. The lowest was -102.90% per year. And the median was -75.50% per year.

Back to Basics: PB Ratio


Dropbox  (MEX:DBX) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Dropbox PB Ratio Related Terms


Dropbox PB Ratio Historical Data

* Premium members only.

The historical data trend for Dropbox's PB Ratio 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.

Dropbox PB Ratio Chart

Dropbox Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Dropbox Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

MEX:DBX vs PATH, DOX, ZETA: PB Ratio Comparison

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

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

* The bar in red indicates where Dropbox's PB Ratio falls into.


MEX:DBX
59GF Score
Dropbox Inc MEX:DBX
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dropbox PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Dropbox's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=493.10/-157.518
=

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

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 26.8% below its estimated GF Value™ of MXN673.69. GuruFocus considers Dropbox to be Modestly Undervalued.

Key valuation signals for MEX:DBX:

  • PB Ratio:
  • GF Value™: MXN673.69 vs. price of MXN493.10 (26.8% 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

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

MXN493.10
Price
MXN673.69
GF Value