Pitney Bowes Inc (PBI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Pitney Bowes Inc stock $13.79, price $15.55, that is 11.3% below the price, quality 71 out of 100. Rating: overvalued. Calculated from audited financials with 21 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $1.99 – $18.40 · fair‑value band $7.71 – $24.21 · the $15.55 price screens above the $13.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Pitney Bowes Inc. provides digital shipping solutions, mailing innovation, and financial services worldwide. It operates through SendTech Solutions and Presort Services segments.
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The SendTech Solutions segment offers physical and digital shipping and mailing technology solutions and other applications for sending, tracking, and receiving of letters, parcels and flats, as well as supplies and maintenance services.
This segment also provides financing alternatives to finance other manufacturers' equipment and product purchases. The Presort Services segment operates as a workshare partner of the United States Postal Service; and offers mail sortation services.
It markets its products, solutions, and services through direct and inside sales force, partner channels, direct mailings, and digital channels. The company was formerly known as Pitney Bowes Postage Meter Company.
Pitney Bowes Inc. was incorporated in 1920 and is headquartered in Shelton, Connecticut.
Stock analysis
Pitney Bowes Inc (PBI) currently trades at $15.55, while our model-based Fair Value estimate is $13.79, 11% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $22.42 per share, and 9 of the 21 models we run sit above the $15.55 price.
Bear case: the Dividend Discount group reads lowest at $3.23, and 12 of the 21 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $7.71 (bear) to $24.21 (bull), the price of $15.55 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 71/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Pitney Bowes Inc reported revenue of $1.9B in FY2025 versus $3.7B in FY2021, a compound −15.3%/yr. Reported net income was $145M in FY2025, compounding +153.4%/yr from FY2021.
Key figures
Market cap $2.2B Mid · P/E ratio 12.0 · P/S ratio 1.16 · EPS (TTM) $1.30 · Dividend yield 2.4% · Net margin 10.1% · Return on equity 11.0% · Return on assets (EBIT) 3.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 76% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −11%, PBI screens cheaper than that median.
Fair Value models
Bear$7.71Fair Value $13.79Bull$24.21
Price $15.55 · Downside -11.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.7864 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
In the last 6 months, 3 officers or directors sold shares worth $57.2M and none bought.
SaleKurt James WolfPresident & CEO, Director13× since Feb 23, 2026: 5,682,810 shares, avg. $15.91$90.4MNov 2, 202610b5-1 plan
SaleTodd A. EverettEVP and President of SendTech2× since Aug 5, 2026: 35,000 shares, avg. $17.74$620,750Sep 10, 2026
SaleDeborah PfeifferEVP & Pres, Presort Services3× since May 22, 2026: 61,825 shares, avg. $16.18$1.0MSep 8, 202610b5-1 plan
SaleLauren Freemen-BosworthEVP/Gen Counsel & Corp Sec4× since Feb 27, 2026: 31,424 shares, avg. $10.84$340,743Apr 21, 202610b5-1 plan
BuyBrent D RosenthalDirector2× since Nov 25, 2025: 6,000 shares, avg. $10.15$60,925Mar 13, 2026
BuyPeter C BrimmDirector4,000 shares at $10.79$43,160Feb 27, 2026
Plus 7 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−6.6%
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.
−18.8%
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.
−11.8%
Start year 2020 (pandemic). Over 10 years: −6.2% a year
Revenue growth 40 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.
+0.1%
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’25
What shareholders gained per year (last 5 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 5 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.
≈ +80.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +77.7%
Dividend (yield on the price)2.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 77.7% / −6.5%
Profit margin 2019 to 2025 ⓘ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.7% → 20%
⚠ Revenue per share shrinking 5.1%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.047 per share, median 1.18 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
⚠ Approximate: the rate leans on 2025, which sits 532% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than 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).
+5.1%
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.
−0.7%
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 +2.6% a year for the price and −3.0% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (94 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: The business shows limited durable advantage with potential to refresh mailing hardware for recurring revenue yet remains constrained by negative equity and high leverage.
Main risk: High leverage may constrain margins while the ongoing industry shift toward parcels and digital shipping reduces demand for core mailing hardware.
Pitney Bowes is refreshing its core mailing hardware with the SendPro CX Series launch targeted at mid-volume users that make up most of its client base. This step sits alongside efforts to build on stronger cash flows and lower borrowing costs from the recent term loan repricing. Will the new machines help convert more of the installed base into steady recurring revenue or mainly cushion the shift toward parcels and digital shipping?
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.Integrated Freight & Logistics · 210 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside−11.3% · Below median
Profitability
Return on equity (12 months)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 assets4.6% · Above median
Net margin (12 months)10.1% · Top 25%
Operating margin (12 months)20.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−0.8% · Bottom 25%
Dividend yield (12 months)2.4% · Below median
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.
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 (12 months)1.16× · Pricier than median
Price / free cash flow (fiscal year)7.2× · Cheaper than median
EV/EBITDA7.4× · Cheaper than median
PEG0.60× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)18· sector 47
FUTURE (revenue growth)0· sector 45
PAST (return on equity)0· sector 32
HEALTH (low debt)0· sector 94
DIVIDEND (yield)49· sector 64
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.
Is Pitney Bowes Inc (PBI) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $13.79 versus a price of $15.55, about 11% lower (overvalued).
What is the fair value of PBI?
Our model-based fair value for Pitney Bowes Inc is $13.79 (as of Nov 6, 2026), built from audited fundamentals. The current price: $15.55.
What is the quality score of PBI?
Pitney Bowes Inc has a Quality Score of 71/100. 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 Pitney Bowes Inc (PBI)?
Our model-based price target is the fair value of $13.79 (as of Nov 6, 2026) from 21 valuation models. Cautious scenario $7.71, optimistic scenario $24.21. It is a calculation from audited fundamentals, not an analyst target.
What is the Pitney Bowes Inc stock forecast for 2026?
Our models put fair value at $13.79, about 11% lower versus a price of $15.55 (overvalued). Cautious scenario $7.71, optimistic scenario $24.21. The calculation is refreshed regularly with new filings.
What is the revenue of Pitney Bowes Inc (PBI)?
Pitney Bowes Inc reported trailing-twelve-month revenue of about $1.9B (latest available figure, as of Nov 6, 2026).
Does Pitney Bowes Inc pay a dividend?
Pitney Bowes Inc currently shows a dividend yield of 2.44% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Pitney Bowes Inc (PBI) and when is the ex-dividend date?
Pitney Bowes Inc pays a dividend of $0.38 per share a year, a dividend yield of 2.4%. The next ex-dividend date is Nov 16, 2026. A dividend has been paid every year since at least 1984. The payout ratio is 19.9% of earnings (on adjusted earnings, reported 29.2%). Free cash flow covers the dividend 5.82 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Pitney Bowes Inc (PBI)?
For today's price to be fair in a discounted-cash-flow model, Pitney Bowes Inc would have to grow free cash flow by +5.1 % per year for five years (discount rate 11.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -11.8 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of PBI use?
Our models discount Pitney Bowes Inc at 11.3 %: a base by market capitalisation (mid), damped by beta 1.65, 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 Pitney Bowes Inc that is +5.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.3 %) and the same formula as our fair value.
How much growth has Pitney Bowes Inc (PBI) delivered so far?
Over the past 5 years revenue at Pitney Bowes Inc grew -11.8 % a year. The price currently implies free-cash-flow growth of +5.1 % per 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 Pitney Bowes Inc (PBI) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Pitney Bowes Inc (+5.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Pitney Bowes Inc (PBI)?
The free-cash-flow yield on the price is 13.86 %: that much free cash flow Pitney Bowes Inc produces per unit of market value. When it exceeds the discount rate of our models (11.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Pitney Bowes Inc (PBI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pitney Bowes Inc it is $13.79 per share (as of Nov 6, 2026), against a price of $15.55. It is the blended result of 21 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Pitney Bowes Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, PBI trades above its calculated fair value: price $15.55, fair value $13.79, a gap of about −11% (overvalued). 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 PBI?
No. The price is what the market pays today ($15.55); the fair value is what the company's own numbers justify ($13.79). For Pitney Bowes Inc the two are $1.76 per share apart. That gap is exactly why we show both numbers side by side.
How much is Pitney Bowes Inc worth?
The market values Pitney Bowes Inc at about $2.2B (market capitalisation, as of Nov 6, 2026). Per share that is $15.55; our models calculate a fair value of $13.79 per share.
What do the bullish and bearish scenarios say about PBI?
Our models span a range for Pitney Bowes Inc: cautious scenario $7.71, base $13.79, optimistic $24.21 per share (as of Nov 6, 2026, price $15.55). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PBI?
Pitney Bowes Inc trades at a price-to-earnings ratio of 12.0 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $13.79 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 11.5 (reported for FY2025: 16.9). Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 21.9. Other multiples: PEG 0.6, P/S 1.2, EV/EBITDA 7.4.
What is the PEG ratio of PBI?
The PEG ratio of Pitney Bowes Inc is 0.60 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Pitney Bowes Inc (PBI)?
Balance-sheet figures for Pitney Bowes Inc (as of Nov 6, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is PBI from its 52-week high?
Pitney Bowes Inc trades at $15.55, about 16% below its 52-week high of $18.40 and 76% above the low of $8.84 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $13.79 is for.
Which stocks are comparable to Pitney Bowes Inc?
From the same area (Industrials) we also value United Parcel Service, Inc, FedEx Corporation, Deutsche Post AG, DSV A/S, 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 Pitney Bowes Inc stock attractive at the current price?
The data as of Nov 6, 2026: price $15.55, calculated fair value $13.79 (−11%), Quality Score 71/100, from 21 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 PBI calculated?
We run Pitney Bowes Inc through 21 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $13.79 builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Pitney Bowes Inc itself currently trades above fair value. 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 Pitney Bowes Inc (PBI)?
The closing price on Nov 6, 2026 was $15.55. Our model-based fair value is $13.79, about 11% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pitney Bowes Inc right now?
The model range is unusually wide ($7.71 to $24.21). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Pitney Bowes Inc
How large is the market capitalisation of Pitney Bowes Inc (PBI)?
The market capitalisation of Pitney Bowes Inc is $2.2B. 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 Pitney Bowes Inc (PBI)?
The price-to-sales ratio of Pitney Bowes Inc is 1.16 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Pitney Bowes Inc (PBI)?
Earnings per share at Pitney Bowes Inc are $1.30 (price ÷ EPS = P/E 12.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Pitney Bowes Inc (PBI)?
The dividend yield of Pitney Bowes Inc is 2.4% (payout 19.9%, on adjusted earnings, reported 29.2%). 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 Pitney Bowes Inc (PBI)?
The net margin of Pitney Bowes Inc is 10.1% (last twelve months). 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 Pitney Bowes Inc (PBI)?
The return on equity (ROE) of Pitney Bowes Inc is 11.0% (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 Pitney Bowes Inc (PBI)?
On an EBIT basis the return on assets of Pitney Bowes Inc is 3.7% (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 Pitney Bowes Inc (PBI)?
The operating margin of Pitney Bowes Inc is 20.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pitney Bowes Inc (PBI)?
Revenue at Pitney Bowes Inc is growing −0.8% versus a year earlier (3y avg −18.8%). 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 Pitney Bowes Inc (PBI)?
Earnings per share at Pitney Bowes Inc are growing +23.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Pitney Bowes Inc (PBI) carry?
The net debt of Pitney Bowes Inc is $1.9B (fiscal year 2025, ≈ 6.5 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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Some data
Nov 6, 2026