Dropbox price to book ratio DBX

Market value divided by the book value of the company's net assets, since 2018.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 30.7×; May 2021
8-year median: 12.0×
8-year range: 9.1× to 34.0×
Peer median: 10.0×

Dropbox's price to book ratio is not a meaningful number today: shareholders' equity was zero, negative or not reported, so price to book does not exist.

It was last meaningful in May 2021, at 30.7×.

On the days it had one over the last 8 years, its median was 12.0×, from 9.1× in Mar 2020 to 34.0× in Apr 2021.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2021	30.7×	10.7×	34.0×
2020	10.8×	9.1×	12.2×
2019	9.7×	9.1×	17.2×
2018	13.1×	12.2×	31.1×

Against its peers

Companies in Software - Infrastructure nearest Dropbox's size, closest first, today.

Company	Price to book ratio
DBXDropbox	n/m
PCTYPaylocity	7.7×
QLYSQualys	13.3×
APPFAppfolio	14.2×
PATHUiPath	3.8×
CVLTCommvault Systems	135×
OTEXOpen Text	1.7×
YOUClear Secure	29.8×
SAICScience Applications International	4.3×
BSYBentley Systems	10.0×
BOXBox	n/m
Peer median	10.0×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Dropbox

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.