Box Inc (BOX) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Box Inc $36.16, price $32.76, upside +10.4%, quality 68 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $21.37 – $38.55 · fair‑value band $25.29 – $47.00 · the $32.76 price screens below the $36.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Box, Inc. provides a cloud content management platform that enables organizations of various sizes to manage cloud content from anywhere and on any device in the United States, Poland, the United Kingdom, and internationally.
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Box, Inc. provides a cloud content management platform that enables organizations of various sizes to manage cloud content from anywhere and on any device in the United States, Poland, the United Kingdom, and internationally. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration, workspaces to e-signature processes, and content workflows improving employee productivity and accelerating business processes. It offers web, mobile, and desktop applications of its solutions on a platform, as well as the ability to develop custom applications. The company was formerly known as Box.net, Inc. and changed its name to Box, Inc. in November 2011. Box, Inc. was incorporated in 2005 and is headquartered in Redwood City, California.
Stock analysis
Box Inc (BOX) currently trades at $32.76, while our model-based Fair Value estimate is $36.16, implying the stock looks roughly 9.4% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $28.99 per share, and 5 of the 23 models we run sit above the $32.76 price.
Bear case: the Economic Profit group reads lowest at $5.14, and 18 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: $25.29 (bear) to $47.00 (bull), the price of $32.76 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 68/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Box Inc reported revenue of $1.2B in FY2026 versus $874M in FY2022, a compound +7.7%/yr. Reported net income was $101M in FY2026.
Key figures
Market cap $4.8B · P/E ratio 51.2 · P/S ratio 4.40 · EPS (TTM) $0.6400 · Dividend yield 0.4% · Net margin 8.6% · Return on equity −576% · Return on assets (EBIT) 3.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 9% below its 52-week high and 53% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −19% fair-value upside, at 10%, BOX screens cheaper than that median.
Fair Value models
Bear $25.29Fair Value $36.16Bull $47.00
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 8 months old). Earnings retained since then ($0.4138 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.78/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+8.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.8%
Start year 2021 (pandemic). Over 10 years: +14.5% a year
Revenue growth 13 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.9%
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What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+51.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+50.7%
Dividend (yield on the price)0.4%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−5% → 7%
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+5.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+7.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +3.2% a year for the price and +5.0% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Infrastructure · 377 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+10% · Above median
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets−12% · Bottom 25%
Net margin (TTM)−20% · Bottom 25%
Operating margin (TTM)−22% · Bottom 25%
Growth and dividend
Revenue growth14% · Above median
Dividend yield (TTM)0.4% · Bottom 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
P/E (TTM)51.2× · Pricier than median
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM)7.09× · Priciest 25%
P/FCF13.7× · Pricier than median
PEG0.64× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)47· sector 18
FUTURE (revenue growth)68· sector 49
PAST (return on equity)0· sector 19
HEALTH (low debt)0· sector 97
DIVIDEND (yield)7· sector 33
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Box Inc Fair Value". https://www.fairvalue-calculator.com/stock/BOX
Frequently asked questions
Is Box Inc (BOX) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $36.16 versus a price of $32.76, about +10% upside (undervalued).
What is the fair value of BOX?
Our model-based fair value for Box Inc is $36.16 (as of Sep 23, 2026), built from audited fundamentals. The current price: $32.76.
What is the quality score of BOX?
Box Inc has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Box Inc (BOX)?
Our model-based price target is the fair value of $36.16 (as of Sep 23, 2026) from 23 valuation models. Cautious scenario $25.29, optimistic scenario $47.00. It is a calculation from audited fundamentals, not an analyst target.
What is the Box Inc stock forecast for 2026?
Our models put fair value at $36.16, about +10% upside versus a price of $32.76 (undervalued). Cautious scenario $25.29, optimistic scenario $47.00. The calculation is refreshed regularly with new filings.
What is the revenue of Box Inc (BOX)?
Box Inc reported trailing-twelve-month revenue of about $676M (latest available figure, as of Sep 23, 2026).
Does Box Inc pay a dividend?
Box Inc currently shows a dividend yield of about 0.36% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Box Inc (BOX)?
For today's price to be fair in a discounted-cash-flow model, Box Inc would have to grow free cash flow by +5.6 % per year for five years (discount rate 10.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.8 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of BOX use?
Our models discount Box Inc at 10.7 %: a base by market capitalisation (mid), damped by beta 1.41, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Box Inc that is +5.6 % per year a year over ten years, using the same discount rate (10.7 %) and the same formula as our fair value.
How much growth has Box Inc (BOX) delivered so far?
Over the past 5 years revenue at Box Inc grew +8.8 % a year. The price currently implies +5.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Box Inc (BOX) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Box Inc (+5.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Box Inc (BOX)?
The free-cash-flow yield on the price is 7.30 %: that much free cash flow Box Inc produces per unit of market value. When it exceeds the discount rate of our models (10.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Box Inc (BOX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Box Inc it is $36.16 per share (as of Sep 23, 2026), against a price of $32.76. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Box Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, BOX trades below its calculated fair value: price $32.76, fair value $36.16, a gap of about +10% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BOX?
No. The price is what the market pays today ($32.76); the fair value is what the company's own numbers justify ($36.16). For Box Inc the two are $3.40 per share apart. That gap is exactly why we show both numbers side by side.
How much is Box Inc worth?
The market values Box Inc at about $4.8B (market capitalisation, as of Sep 23, 2026). Per share that is $32.76; our models calculate a fair value of $36.16 per share.
What do the bullish and bearish scenarios say about BOX?
Our models span a range for Box Inc: cautious scenario $25.29, base $36.16, optimistic $47.00 per share (as of Sep 23, 2026, price $32.76). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BOX?
Box Inc trades at a price-to-earnings ratio of 51.2 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $36.16 is built from several models across several years. Other multiples: PEG 0.6, P/S 7.1.
What is the PEG ratio of BOX?
The PEG ratio of Box Inc is 0.64 (P/E divided by earnings growth, as of Sep 23, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Box Inc (BOX)?
Balance-sheet figures for Box Inc (as of Sep 23, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is BOX from its 52-week high?
Box Inc trades at $32.76, about 9% below its 52-week high of $35.96 and 53% above the low of $21.37 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $36.16 is for.
Which stocks are comparable to Box Inc?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Box Inc stock attractive at the current price?
The data as of Sep 23, 2026: price $32.76, calculated fair value $36.16 (+10%), Quality Score 68/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BOX calculated?
We run Box Inc through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $36.16, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Box Inc currently trades 10 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Box Inc (BOX)?
The closing price on Sep 23, 2026 was $32.76. Our model-based fair value is $36.16, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Box Inc right now?
A fairly wide model range ($25.29 to $47.00) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Box Inc
How large is the market capitalisation of Box Inc (BOX)?
The market capitalisation of Box Inc is $4.8B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Box Inc (BOX)?
The price-to-sales ratio of Box Inc is 4.40 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Box Inc (BOX)?
Earnings per share at Box Inc are $0.6400 (price ÷ EPS = P/E 51.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Box Inc (BOX)?
The dividend yield of Box Inc is 0.4% (payout 18.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Box Inc (BOX)?
The net margin of Box Inc is 8.6% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Box Inc (BOX)?
The return on equity (ROE) of Box Inc is −576% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Box Inc (BOX)?
On an EBIT basis the return on assets of Box Inc is 3.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Box Inc (BOX)?
The operating margin of Box Inc is −22.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Box Inc (BOX)?
Revenue at Box Inc is growing +13.6% versus a year earlier (3y avg +5.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Box Inc (BOX)?
Earnings per share at Box Inc are growing −58.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Box Inc (BOX) carry?
The net debt of Box Inc is $649M (fiscal year 2026, ≈ 1.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Sep 23, 2026