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Dropbox (DBX, Application Software) Stock Valuation & Fair Value Quality business with a solid forward outlook

Dropbox (DBX, Application Software) trades at a blended P/E of 12.1, about 38% below its historical normal valuation, with a forward growth estimate of 12.5% and a PEG of 0.97. Analysts' one-year estimates have been hit 29% of the time. Priced at its historical normal P/E of 19.5 on the same blended earnings, the 2026-09-18 close of $36.48 corresponds to about $58.50 a share. This is a valuation reference, not a price target.

DATA AS OF 2026-09-21
Blended P/E
12.1
Normal P/E
19.5
PEG
0.97
Fwd growth
12.5%
Div yield
0.0%
RSI (14)
43.8
Neutral

The Street vs SeerForecast

Wall Street's mean price target for DBX is $32.60 across 5 analysts, 4.7% below the current price. Our SeerForecast read of the same stock, formed without analyst targets: quality business with a solid forward outlook. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has been quality business with a solid forward outlook since 2026-07-31.

Blended P/E and rating by weekBlended P/E moved from 10.7 to 12.1 between 2026-07-31 and 2026-09-21, against a normal P/E of 19.5, with 0 rating changes over 18 recorded weeks.2026-07-31: P/E 10.7, Quality business with a solid forward outlook (recalculated)2026-08-03: P/E 10.9, Quality business with a solid forward outlook2026-08-07: P/E 10.9, Quality business with a solid forward outlook (recalculated)2026-08-10: P/E 11.7, Quality business with a solid forward outlook2026-08-14: P/E 11.7, Quality business with a solid forward outlook (recalculated)2026-08-17: P/E 11.5, Quality business with a solid forward outlook2026-08-21: P/E 11.5, Quality business with a solid forward outlook (recalculated)2026-08-24: P/E 11.5, Quality business with a solid forward outlook2026-08-27: P/E 11.5, Quality business with a solid forward outlook (recalculated)2026-08-28: P/E 11.5, Quality business with a solid forward outlook (recalculated)2026-08-30: P/E 11.5, Quality business with a solid forward outlook (recalculated)2026-08-31: P/E 11.9, Quality business with a solid forward outlook2026-09-05: P/E 11.9, Quality business with a solid forward outlook (recalculated)2026-09-07: P/E 11.6, Quality business with a solid forward outlook2026-09-12: P/E 11.6, Quality business with a solid forward outlook (recalculated)2026-09-14: P/E 11.9, Quality business with a solid forward outlook2026-09-19: P/E 11.9, Quality business with a solid forward outlook (recalculated)2026-09-21: P/E 12.1, Quality business with a solid forward outlook12.515.017.5Jul 31Aug 13Aug 26Sep 8Sep 21Normal P/E 19.5
Attractively valuedFairly valuedAbove fair valueLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-07-31P/E 10.7-45%Quality business with a solid forward outlook
2026-09-21P/E 12.1-38%Quality business with a solid forward outlook ← now

Frequently asked questions

Is Dropbox stock overvalued?

At a blended P/E of 12.1 versus its historical normal P/E of 19.5, Dropbox trades about 38% below its typical valuation, with a PEG of 0.97 on 12.5% forward growth. tickerseer currently rates it quality business with a solid forward outlook.

What is Dropbox's fair value and PEG?

Dropbox trades at a blended P/E of 12.1 against a historical normal P/E of 19.5, a PEG of 0.97, and a forward growth estimate of 12.5%. Priced at its historical normal P/E of 19.5 on the same blended earnings, the 2026-09-18 close of $36.48 corresponds to about $58.50 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Dropbox changed?

tickerseer's rating has been quality business with a solid forward outlook since 2026-07-31.

What is the analyst price target for Dropbox?

The mean Wall Street price target for Dropbox is $32.60 across 5 analysts, 4.7% below the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Application Software. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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