DBX

Dropbox, Inc.

Technology · $8.7B market cap

Verdict

Share price

$33.90

close of Oct 3, 2026

Fair value

$21.68

Sticker Price

Payback Price

$8.67

buy price

Overpriced

DBX is Overpriced: at $33.90 it trades 56% above its fair value of $21.68. Its buy price (Payback Price) is $8.67, 74% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 3% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth8.1% a year✗
Equity per share growth-59.0% a year✗
Sales growth14.6% a year✓
Free cash flow growth16.8% a year✓
Return on invested capital23.6%✓

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Superinvestors

None of the investors we track holds DBX right now. In Q1 2026, 1 sold out. Who we track

Moves in Q1 2026

Sold out: Howard Marks

Insider activity

Since Jun 15, 2026: no open-market purchases, 13 sales worth $2.3M and 10 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About Dropbox, Inc.

Dropbox, Inc. engages in providing file backup, sync, and sharing solutions. Its products include Dropbox, Dropbox Reply, Dropbox Sign, Dropbox Reclaim.ai, Dropbox Dash, Dropbox DocSend, Dropbox Fax, and Dropbox Early access. It operates through the United States and International geographical segments. The company was founded by Andrew W. Houston and Arash Ferdowsi in May 2007 and is headquartered in San Francisco…

Software - Infrastructure

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works