Box, Inc. (BOX) Key Metrics
BOX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $5.43B
- Enterprise value
- $5.34B
- P/E (TTM)
- 57.3 10-yr median 33.3
- Forward P/E
- 17.6
- PEG ratio
- 0.64
- Price / sales
- 4.4 10-yr median 4.6
- Price / book
- 31.8 10-yr median 63.2
- EV / EBITDA
- 31.6 10-yr median 45.2
- Dividend yield
- —
- Beta
- 0.72
BOX key metrics, FY2017–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsBOX valuation Price multiples at each fiscal year-end price.
BOX returns How much profit the business earns on the capital it uses.
BOX per-share figures Results divided by the shares outstanding at year-end.
BOX financial health Debt, liquidity and how easily interest is covered.
BOX efficiency & capital use Working capital cycle and where the cash goes.
BOX valuation history
BOX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BOX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BOX cash returned to shareholders
BOX price vs earnings per share
BOX key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.71B | $4.96B | $3.86B | $4.80B | $4.07B | $2.70B | $2.22B | $2.96B | $2.98B | $2.18B |
| Enterprise value | $4.26B | $4.99B | $3.87B | $4.88B | $4.10B | $2.76B | $2.45B | $2.85B | $2.86B | $2.07B |
| P/E ratio | 36.6 | 20.3 | 29.9 | 179.4 | — | — | — | — | — | — |
| Price / sales | 3.2 | 4.6 | 3.7 | 4.8 | 4.7 | 3.5 | 3.2 | 4.9 | 5.9 | 5.5 |
| Price / book | — | 25.2 | 63.2 | — | — | 17.9 | 99.3 | 94.2 | 199.0 | 29.1 |
| Price / free cash flow | 10.6 | 15.1 | 12.2 | 17.1 | 18.1 | 14.4 | 56.6 | 73.0 | 126.4 | — |
| Price / operating cash flow | 10.4 | 14.9 | 12.1 | 16.1 | 17.3 | 13.7 | 49.7 | 53.5 | 84.2 | — |
| EV / sales | 3.6 | 4.6 | 3.7 | 4.9 | 4.7 | 3.6 | 3.5 | 4.7 | 5.6 | 5.2 |
| EV / EBITDA | 31.2 | 44.0 | 34.0 | 46.3 | 81.0 | 72.8 | — | — | — | — |
| EV / free cash flow | 12.2 | 15.1 | 12.2 | 17.3 | 18.3 | 14.7 | 62.4 | 70.4 | 121.2 | — |
| Earnings yield | 2.7% | 4.9% | 3.3% | 0.6% | −1.0% | −1.6% | −6.5% | −4.6% | −5.2% | −7.0% |
| Free cash flow yield | 9.4% | 6.6% | 8.2% | 5.9% | 5.5% | 6.9% | 1.8% | 1.4% | 0.8% | −0.7% |
| Dividend yield | 0.4% | 0.3% | 0.4% | 0.3% | 0.2% | 1.1% | 1.3% | 0.5% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 8.2% | 4.6% | 5.0% | 6.0% | 14.0% | 2.9% | 3.3% | 0.5% | 1.2% | 0.8% |
| Share price at fiscal year-end | $25.35 | $33.39 | $25.98 | $31.99 | $26.13 | $17.34 | $15.03 | $20.92 | $22.24 | $17.07 |
| Per share | ||||||||||
| Revenue per share | $8.04 | $7.33 | $6.98 | $6.60 | $5.62 | $4.95 | $4.71 | $4.30 | $3.78 | $3.13 |
| Earnings per share | $0.69 | $1.65 | $0.87 | $0.18 | −$0.27 | −$0.28 | −$0.98 | −$0.95 | −$1.16 | −$1.19 |
| Operating cash flow per share | $2.43 | $2.24 | $2.15 | $1.98 | $1.51 | $1.26 | $0.30 | $0.39 | $0.26 | −$0.01 |
| Free cash flow per share | $2.39 | $2.22 | $2.13 | $1.87 | $1.44 | $1.20 | $0.27 | $0.29 | $0.18 | −$0.13 |
| Cash per share | $3.26 | $4.86 | $3.24 | $3.07 | $3.77 | $3.82 | $1.32 | $1.54 | $1.55 | $1.39 |
| Book value per share | −$2.04 | $1.33 | $0.41 | −$0.23 | −$2.54 | $0.97 | $0.15 | $0.22 | $0.11 | $0.59 |
| Tangible book value per share | −$3.25 | $0.31 | −$0.42 | −$0.98 | −$3.13 | $0.69 | −$0.15 | $0.06 | −$0.01 | $0.45 |
| Dividends per share | $0.10 | $0.10 | $0.10 | $0.10 | $0.06 | $0.19 | $0.20 | $0.11 | $0.00 | $0.00 |
| Capex per share | $0.04 | $0.02 | $0.01 | $0.11 | $0.07 | $0.06 | $0.04 | $0.10 | $0.09 | $0.12 |
| Debt per share | $7.00 | $5.02 | $3.31 | $3.56 | $3.99 | $4.16 | $2.87 | $0.80 | $0.64 | $0.59 |
| Shares outstanding | 146.4M | 148.6M | 148.6M | 150.2M | 155.6M | 155.8M | 147.8M | 141.4M | 133.9M | 127.5M |
| Change in shares outstanding | −1.5% | +0.0% | −1.1% | −3.5% | −0.2% | +5.5% | +4.5% | +5.5% | +5.1% | +5.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | 189.4% | 949.7% | — | — | −50.1% | −537.0% | −580.6% | −345.5% | −142.8% |
| Return on invested capital (ROIC) | 35.5% | 54.3% | 90.5% | — | — | −13.1% | −123.7% | — | — | — |
| Return on assets (ROA) | 6.3% | 16.8% | 10.5% | 2.1% | −3.0% | −3.8% | −17.9% | −22.4% | −29.6% | −30.6% |
| Return on tangible assets | 7.4% | 16.1% | 11.5% | 2.4% | −3.2% | −3.3% | −15.8% | −21.4% | −28.8% | −31.8% |
| Free cash flow margin | 29.8% | 30.2% | 30.5% | 28.4% | 25.7% | 24.4% | 5.6% | 6.7% | 4.7% | −4.1% |
| Income quality (OCF / net income) | 3.52 | 1.36 | 2.47 | 11.13 | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $1.02B | $746.7M | $491.8M | $535.1M | $621.5M | $648.2M | $424.5M | $112.9M | $85.8M | $75.4M |
| Cash & short-term investments | $478.1M | $722.8M | $480.7M | $461.2M | $586.3M | $595.1M | $195.6M | $217.5M | $208.1M | $177.4M |
| Net debt | $546.3M | $23.9M | $11.1M | $73.9M | $35.2M | $53.1M | $229.0M | −$104.6M | −$122.3M | −$101.9M |
| Debt / equity | — | 3.79 | 8.06 | — | — | 4.29 | 18.99 | 3.60 | 5.73 | 1.01 |
| Debt / assets | 0.66 | 0.45 | 0.40 | 0.44 | 0.45 | 0.48 | 0.44 | 0.17 | 0.16 | 0.15 |
| Net debt / EBITDA | 4.00 | 0.21 | 0.10 | 0.70 | 0.70 | 1.40 | — | — | — | — |
| Current ratio | 1.05 | 1.19 | 1.24 | 1.13 | 1.27 | 1.43 | 0.79 | 0.93 | 1.01 | 1.08 |
| Quick ratio | 1.05 | 1.19 | 1.24 | 1.06 | 1.27 | 1.35 | 0.71 | 0.85 | 0.95 | 1.00 |
| Interest coverage | 7.8 | 13.1 | 13.2 | 7.6 | -2.8 | -5.4 | -59.7 | -424.8 | -152.0 | -168.1 |
| Working capital | $42.5M | $175.7M | $162.9M | $90.9M | $197.6M | $266.4M | −$119.7M | −$34.6M | $5.2M | $24.2M |
| Invested capital | $247.0M | $221.2M | $72.1M | $40.0M | −$359.9M | $204.1M | $251.3M | −$73.2M | −$107.3M | −$27.2M |
| Tangible asset value | −$475.9M | $45.8M | −$62.5M | −$146.9M | −$487.3M | $107.5M | −$21.5M | $9.2M | −$1.3M | $57.9M |
| Net current asset value | −$1.00B | −$372.5M | −$337.9M | −$434.3M | −$870.5M | −$321.3M | −$479.9M | −$190.2M | −$139.4M | −$96.8M |
| Graham number | — | $7.01 | $2.83 | — | — | — | — | — | — | — |
| Graham net-net per share | −$7.67 | −$3.55 | −$3.29 | −$3.71 | −$6.48 | −$2.62 | −$3.79 | −$1.79 | −$1.46 | −$1.10 |
| Capital allocation | ||||||||||
| Dividends paid | $15.0M | $15.0M | $14.9M | $15.1M | $9.6M | $28.9M | $29.4M | $15.3M | $0 | $0 |
| Share buybacks (net) | $289.8M | $211.1M | $177.1M | $274.3M | $561.6M | $48.8M | $43.3M | $0 | $34.8M | $17.6M |
| Dividend payout ratio | 14.8% | 6.1% | 11.6% | 56.2% | — | — | — | — | — | — |
| Dividends + buybacks / free cash flow | 87.0% | 68.6% | 60.6% | 102.8% | 254.6% | 41.3% | 185.2% | 37.7% | 147.5% | — |
| Capex / revenue | 0.5% | 0.2% | 0.2% | 1.7% | 1.2% | 1.2% | 0.8% | 2.4% | 2.3% | 3.8% |
| Capex / operating cash flow | 1.7% | 0.8% | 0.6% | 5.5% | 4.5% | 4.6% | 12.2% | 26.8% | 33.4% | — |
| Capex / depreciation | 0.18 | 0.12 | 0.04 | 0.25 | 0.13 | 0.12 | 0.09 | 0.32 | 0.29 | 0.37 |
| Stock-based compensation / revenue | 19.9% | 20.1% | 19.2% | 18.7% | 20.5% | 20.0% | 21.0% | 19.6% | 19.3% | 19.7% |
| R&D / revenue | 25.0% | 24.3% | 24.0% | 24.6% | 25.0% | 26.1% | 28.7% | 26.9% | 27.0% | 29.1% |
| SG&A / revenue | 47.1% | 47.5% | 46.0% | 46.2% | 49.6% | 49.6% | 60.4% | 66.6% | 76.7% | 80.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 95.8 | 96.1 | 96.0 | 95.9 | 101.2 | 103.6 | 100.8 | 101.2 | 101.8 | 102.0 |
| Days of inventory on hand | — | — | 33.6 | 34.7 | 38.4 | 81.9 | 68.7 | 61.8 | 66.3 | 37.5 |
| Days payables outstanding | 113.1 | 107.4 | 111.6 | 100.3 | 46.4 | 17.3 | 27.2 | 34.1 | 32.0 | 26.9 |
| Cash conversion cycle (days) | -17.3 | -11.2 | 18.1 | 30.4 | 93.1 | 168.3 | 142.2 | 128.8 | 136.1 | 112.5 |
| Receivables turnover | 3.81 | 3.80 | 3.80 | 3.81 | 3.61 | 3.52 | 3.62 | 3.61 | 3.59 | 3.58 |
| Payables turnover | 3.23 | 3.40 | 3.27 | 3.64 | 7.86 | 21.10 | 13.40 | 10.69 | 11.42 | 13.58 |
| Inventory turnover | — | — | 10.85 | 10.51 | 9.51 | 4.45 | 5.31 | 5.91 | 5.51 | 9.74 |
| Asset turnover | 0.73 | 0.75 | 0.85 | 0.76 | 0.64 | 0.67 | 0.86 | 1.01 | 0.97 | 0.80 |
| Average receivables | $308.9M | $287.1M | $273.0M | $260.4M | $242.3M | $218.9M | $192.3M | $168.6M | $141.1M | $111.3M |
| Average payables | $75.8M | $67.1M | $79.7M | $69.4M | $31.7M | $10.6M | $16.1M | $16.2M | $11.8M | $8.3M |
| Average inventory | — | — | $24.0M | $24.0M | $26.2M | $50.5M | $40.6M | $29.4M | $24.6M | $11.5M |
| Intangibles / total assets | 11.4% | 9.1% | 10.0% | 9.4% | 6.6% | 3.2% | 4.6% | 3.4% | 2.9% | 3.4% |
Computed from BOX's annual financial statements (latest annual report filed March 9, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BOX valuation and financial ratios
At the end of fiscal 2026 (January 31, 2026), Box traded at 36.6 times earnings, against a 10-year median of 33.3. Based on the latest twelve months, the trailing P/E is 57.3 and the forward P/E is 17.6. Box earned a return on invested capital of 35.5% in fiscal 2026. It ended the year with $1.0 billion of debt and $478.1 million in cash and short-term investments, net debt of $546.3 million. It returned $304.8 million to shareholders: $15.0 million in dividends and $289.8 million in share buybacks, 87% of free cash flow. The share count rose 14.9% from 127.5M to 146.4M over 9 years.
See the BOX income statement, the BOX chart for price history, or the BOX stock overview for the latest quote and news.
BOX key metrics FAQ
What is Box's P/E ratio?
Box's trailing P/E ratio is 57.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 17.6. At the end of fiscal 2026 it was 36.6, compared with a 10-year median of 33.3.
What is Box's EV/EBITDA?
Box's enterprise value was 31.2 times EBITDA at the end of fiscal 2026 (enterprise value $4.3 billion, EBITDA $136.5 million); the current EV/EBITDA is 31.6.
What is Box's ROIC?
Box's return on invested capital was 35.5% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Box have?
Box had total debt of $1.0 billion at the end of fiscal 2026 and $546.3 million of net debt (4.00 times EBITDA).
What is Box's dividend yield?
Box paid $15.0 million in dividends in fiscal 2026 ($0.10 per share), a payout ratio of 14.8%.
Does Box buy back its shares?
Yes. Box spent $289.8 million on net share repurchases in fiscal 2026 Shares outstanding changed −1.5% over the year, to 146.4M..
What is Box's free cash flow yield?
Box generated $350.4 million of free cash flow in fiscal 2026, a free cash flow yield of 9.4% on its market value at year-end ($3.7 billion).
What is Box's current ratio?
Box's current ratio was 1.05 at the end of fiscal 2026: current assets were 1.05 times current liabilities.