Pitney Bowes Inc. (PBI) Key Metrics
PBI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.34B
- Enterprise value
- $3.66B
- P/E (TTM)
- 13.9 10-yr median 21.9
- Forward P/E
- 7.2
- PEG ratio
- 0.60
- Price / sales
- 1.3 10-yr median 0.3
- Price / book
- 9.6 10-yr median 11.0
- EV / EBITDA
- 17.3 10-yr median 9.3
- Dividend yield
- 2.35% $0.40 a year
- Beta
- 1.65
PBI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPBI valuation Price multiples at each fiscal year-end price.
PBI returns How much profit the business earns on the capital it uses.
PBI per-share figures Results divided by the shares outstanding at year-end.
PBI financial health Debt, liquidity and how easily interest is covered.
PBI efficiency & capital use Working capital cycle and where the cash goes.
PBI valuation history
PBI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PBI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PBI cash returned to shareholders
PBI price vs earnings per share
PBI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.83B | $1.32B | $772.8M | $673.6M | $1.19B | $1.06B | $715.1M | $1.11B | $2.10B | $2.87B |
| Enterprise value | $3.75B | $2.88B | $2.45B | $2.52B | $3.00B | $2.92B | $2.63B | $3.61B | $4.87B | $5.43B |
| P/E ratio | 12.6 | 129.0 | — | 18.2 | 338.6 | — | 53.8 | 6.1 | 8.0 | 25.7 |
| Price / sales | 1.0 | 0.7 | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | 0.3 | 0.6 | 1.0 |
| Price / book | — | — | — | 11.1 | 10.5 | 15.0 | 2.5 | 10.9 | 11.1 | — |
| Price / free cash flow | 6.1 | 8.4 | — | 13.2 | 10.1 | 5.4 | 6.2 | 5.4 | 6.5 | 8.7 |
| Price / operating cash flow | 5.0 | 5.8 | 9.7 | 3.8 | 3.9 | 3.5 | 2.8 | 3.2 | 4.2 | 5.8 |
| EV / sales | 2.0 | 1.4 | 0.8 | 0.7 | 0.8 | 0.8 | 0.8 | 1.1 | 1.4 | 1.8 |
| EV / EBITDA | 9.3 | 15.8 | — | 8.6 | 11.9 | 35.2 | 8.8 | 8.0 | 8.4 | 10.0 |
| EV / free cash flow | 12.5 | 18.4 | — | 49.2 | 25.5 | 14.8 | 22.9 | 17.5 | 15.0 | 16.5 |
| Earnings yield | 7.9% | 0.8% | −49.9% | 5.5% | 0.3% | −18.0% | 1.9% | 16.3% | 12.5% | 3.9% |
| Free cash flow yield | 16.4% | 11.9% | −3.0% | 7.6% | 9.9% | 18.6% | 16.1% | 18.6% | 15.5% | 11.5% |
| Dividend yield | 2.8% | 2.7% | 4.6% | 5.2% | 2.9% | 3.2% | 4.9% | 12.6% | 6.7% | 4.9% |
| Shareholder yield (dividends + buybacks) | 23.5% | 2.7% | 4.6% | 7.2% | 4.1% | 3.2% | 19.6% | 12.6% | 6.7% | 11.8% |
| Share price at fiscal year-end | $10.57 | $7.24 | $4.40 | $3.80 | $6.63 | $6.16 | $4.03 | $5.91 | $11.18 | $15.19 |
| Per share | ||||||||||
| Revenue per share | $10.94 | $11.10 | $18.60 | $19.96 | $20.51 | $20.72 | $18.06 | $17.05 | $18.94 | $15.78 |
| Earnings per share | $0.84 | $0.06 | −$2.20 | $0.21 | $0.02 | −$1.11 | $0.07 | $0.96 | $1.39 | $0.59 |
| Operating cash flow per share | $2.12 | $1.26 | $0.45 | $0.99 | $1.68 | $1.76 | $1.42 | $1.83 | $2.65 | $2.60 |
| Free cash flow per share | $1.73 | $0.86 | −$0.13 | $0.29 | $0.66 | $1.15 | $0.65 | $1.10 | $1.73 | $1.75 |
| Cash per share | $1.72 | $2.66 | $3.54 | $3.84 | $4.17 | $5.48 | $5.86 | $4.92 | $5.64 | $4.25 |
| Book value per share | −$4.64 | −$3.17 | −$2.10 | $0.34 | $0.63 | $0.41 | $1.61 | $0.54 | $1.01 | −$0.55 |
| Tangible book value per share | −$9.04 | −$7.21 | −$6.40 | −$6.12 | −$6.45 | −$7.24 | −$6.92 | −$7.66 | −$10.86 | −$9.74 |
| Dividends per share | $0.30 | $0.20 | $0.20 | $0.20 | $0.19 | $0.20 | $0.20 | $0.75 | $0.74 | $0.74 |
| Capex per share | $0.38 | $0.40 | $0.59 | $0.70 | $1.03 | $0.61 | $0.77 | $0.73 | $0.91 | $0.85 |
| Debt per share | $12.83 | $11.22 | $13.11 | $14.24 | $14.27 | $16.37 | $16.64 | $18.19 | $20.44 | $17.81 |
| Shares outstanding | 173.0M | 182.5M | 175.6M | 177.3M | 179.1M | 171.5M | 177.4M | 188.4M | 187.4M | 189.0M |
| Change in shares outstanding | −5.2% | +3.9% | −0.9% | −1.0% | +4.4% | −3.3% | −5.8% | +0.5% | −0.8% | −6.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | — | — | 42.6% | 3.8% | −106.8% | 6.9% | 124.8% | 615.6% | — |
| Return on invested capital (ROIC) | 27.6% | 21.5% | −20.0% | 7.7% | 6.4% | 5.4% | 9.3% | 13.7% | 15.5% | 11.9% |
| Return on assets (ROA) | 4.4% | 0.3% | −8.6% | 0.8% | 0.1% | −3.6% | 0.2% | 2.9% | 4.2% | 1.9% |
| Return on tangible assets | 6.0% | 0.4% | −11.0% | 1.0% | 0.1% | −4.9% | 0.3% | 4.1% | 5.9% | 2.7% |
| Free cash flow margin | 15.8% | 7.7% | −0.7% | 1.4% | 3.2% | 5.5% | 3.6% | 6.4% | 9.1% | 11.1% |
| Income quality (OCF / net income) | 2.53 | 22.37 | — | 4.76 | 85.98 | — | 18.97 | 1.90 | 1.90 | 4.39 |
| Financial health | ||||||||||
| Total debt | $2.22B | $2.05B | $2.30B | $2.52B | $2.56B | $2.81B | $2.95B | $3.43B | $3.83B | $3.36B |
| Cash & short-term investments | $297.1M | $486.1M | $622.2M | $681.2M | $746.9M | $940.4M | $1.04B | $926.7M | $1.06B | $803.0M |
| Net debt | $1.92B | $1.56B | $1.68B | $1.84B | $1.81B | $1.87B | $1.91B | $2.50B | $2.77B | $2.56B |
| Debt / equity | — | — | — | 41.61 | 22.70 | 39.75 | 10.32 | 33.64 | 20.31 | — |
| Debt / assets | 0.70 | 0.60 | 0.54 | 0.53 | 0.52 | 0.54 | 0.54 | 0.58 | 0.57 | 0.58 |
| Net debt / EBITDA | 4.74 | 8.56 | — | 6.26 | 7.18 | 22.49 | 6.44 | 5.53 | 4.81 | 4.72 |
| Current ratio | 0.71 | 0.79 | 1.08 | 1.04 | 1.09 | 1.13 | 1.42 | 1.43 | 1.27 | 1.00 |
| Quick ratio | 0.67 | 0.75 | 1.05 | 0.99 | 1.05 | 1.09 | 1.38 | 1.39 | 1.23 | 0.96 |
| Interest coverage | 3.8 | 2.8 | -6.4 | 1.1 | 1.1 | 0.9 | 1.4 | 2.5 | 2.8 | 4.0 |
| Working capital | −$447.3M | −$354.8M | $159.6M | $70.2M | $164.1M | $242.1M | $666.4M | $807.7M | $567.2M | −$2.4M |
| Invested capital | $1.12B | $982.9M | $1.31B | $1.90B | $1.92B | $1.94B | $2.20B | $2.60B | $2.96B | $2.46B |
| Tangible asset value | −$1.56B | −$1.32B | −$1.12B | −$1.08B | −$1.15B | −$1.24B | −$1.23B | −$1.44B | −$2.04B | −$1.84B |
| Net current asset value | −$2.87B | −$2.66B | −$2.58B | −$2.88B | −$2.95B | −$3.04B | −$2.94B | −$3.14B | −$3.85B | −$3.62B |
| Graham number | — | — | — | $1.27 | $0.53 | — | $1.65 | $3.42 | $5.62 | — |
| Graham net-net per share | −$18.15 | −$16.05 | −$19.44 | −$18.45 | −$18.86 | −$20.07 | −$21.56 | −$24.42 | −$26.64 | −$21.54 |
| Capital allocation | ||||||||||
| Dividends paid | $51.1M | $36.0M | $35.2M | $34.7M | $34.8M | $34.3M | $35.4M | $140.5M | $139.5M | $140.6M |
| Share buybacks (net) | $378.4M | $0 | $0 | $13.4M | $13.4M | $0 | $105.0M | $0 | $0 | $197.3M |
| Dividend payout ratio | 35.3% | 351.0% | — | 94.0% | 992.3% | — | 266.0% | 77.5% | 53.4% | 125.7% |
| Dividends + buybacks / free cash flow | 143.3% | 22.9% | — | 94.2% | 41.1% | 17.4% | 122.1% | 67.9% | 42.9% | 102.4% |
| Capex / revenue | 3.5% | 3.6% | 3.1% | 3.5% | 5.0% | 3.0% | 4.3% | 4.3% | 4.8% | 5.4% |
| Capex / operating cash flow | 18.1% | 31.6% | 129.5% | 70.9% | 61.0% | 34.8% | 54.4% | 40.0% | 34.5% | 32.8% |
| Capex / depreciation | 0.59 | 0.63 | 0.91 | 0.76 | 1.13 | 0.65 | 0.86 | 0.93 | 0.94 | 0.90 |
| Stock-based compensation / revenue | 0.7% | 0.8% | 0.3% | 0.5% | 0.6% | 0.5% | 0.7% | 0.7% | 0.7% | 0.5% |
| R&D / revenue | 0.8% | 1.6% | 1.3% | 1.2% | 1.3% | 1.1% | 1.6% | 1.8% | 3.7% | 3.6% |
| SG&A / revenue | 32.8% | 35.4% | 27.5% | 25.6% | 25.2% | 27.1% | 31.3% | 35.0% | 34.9% | 40.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 132.5 | 132.4 | 94.0 | 94.2 | 93.9 | 69.5 | 42.4 | 50.9 | 96.9 | 169.1 |
| Days of inventory on hand | 26.5 | 23.3 | 110.1 | 12.1 | 10.7 | 10.6 | 12.4 | 15.5 | 19.3 | 27.0 |
| Days payables outstanding | 227.9 | 202.3 | 858.4 | 46.5 | 43.4 | 43.8 | 53.5 | 57.7 | 61.3 | 88.4 |
| Cash conversion cycle (days) | -69.0 | -46.7 | -654.4 | 59.8 | 61.3 | 36.3 | 1.4 | 8.7 | 55.0 | 107.6 |
| Receivables turnover | 2.76 | 2.76 | 3.88 | 3.87 | 3.89 | 5.25 | 8.60 | 7.17 | 3.77 | 2.16 |
| Payables turnover | 1.60 | 1.80 | 0.43 | 7.85 | 8.42 | 8.33 | 6.83 | 6.33 | 5.96 | 4.13 |
| Inventory turnover | 13.78 | 15.69 | 3.32 | 30.28 | 34.00 | 34.42 | 29.45 | 23.56 | 18.89 | 13.54 |
| Asset turnover | 0.58 | 0.53 | 0.72 | 0.73 | 0.72 | 0.66 | 0.56 | 0.51 | 0.57 | 0.50 |
| Average receivables | $686.8M | $735.2M | $840.8M | $913.3M | $944.9M | $677.0M | $372.6M | $448.1M | $942.6M | $1.38B |
| Average payables | $542.6M | $534.6M | $572.4M | $313.2M | $303.1M | $288.6M | $281.5M | $282.9M | $289.2M | $297.8M |
| Average inventory | $63.0M | $61.4M | $73.4M | $81.2M | $75.0M | $69.9M | $65.3M | $76.0M | $91.2M | $90.8M |
| Intangibles / total assets | 24.0% | 21.7% | 17.7% | 24.1% | 25.6% | 25.1% | 27.7% | 26.0% | 33.3% | 29.7% |
Computed from PBI's annual financial statements (latest annual report filed February 19, 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.
PBI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Pitney Bowes traded at 12.6 times earnings, against a 10-year median of 21.9. Based on the latest twelve months, the trailing P/E is 13.9 and the forward P/E is 7.2. Pitney Bowes earned a return on invested capital of 27.6% in fiscal 2025. It ended the year with $2.2 billion of debt and $297.1 million in cash and short-term investments, net debt of $1.9 billion. It returned $429.4 million to shareholders: $51.1 million in dividends and $378.4 million in share buybacks, 143% of free cash flow. The share count fell 8.4% from 189.0M to 173.0M over 9 years.
See the PBI income statement, the PBI chart for price history, or the PBI stock overview for the latest quote and news.
PBI key metrics FAQ
What is Pitney Bowes's P/E ratio?
Pitney Bowes's trailing P/E ratio is 13.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 7.2. At the end of fiscal 2025 it was 12.6, compared with a 10-year median of 21.9.
What is Pitney Bowes's EV/EBITDA?
Pitney Bowes's enterprise value was 9.3 times EBITDA at the end of fiscal 2025 (enterprise value $3.8 billion, EBITDA $405.6 million); the current EV/EBITDA is 17.3.
What is Pitney Bowes's ROIC?
Pitney Bowes's return on invested capital was 27.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Pitney Bowes have?
Pitney Bowes had total debt of $2.2 billion at the end of fiscal 2025 and $1.9 billion of net debt (4.74 times EBITDA).
What is Pitney Bowes's dividend yield?
Pitney Bowes's forward dividend yield is 2.35%. Pitney Bowes paid $51.1 million in dividends in fiscal 2025 ($0.30 per share), a payout ratio of 35.3%.
Does Pitney Bowes buy back its shares?
Yes. Pitney Bowes spent $378.4 million on net share repurchases in fiscal 2025 Shares outstanding changed −5.2% over the year, to 173.0M..
What is Pitney Bowes's free cash flow yield?
Pitney Bowes generated $299.7 million of free cash flow in fiscal 2025, a free cash flow yield of 16.4% on its market value at year-end ($1.8 billion).
What is Pitney Bowes's current ratio?
Pitney Bowes's current ratio was 0.71 at the end of fiscal 2025: current assets were 0.71 times current liabilities.