Yahoo Finance Here's Why Dropbox (DBX) is a Strong Value Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
Dropbox (DBX)
Dropbox offers a cloud-based platform that businesses and individuals can create, access and share digital content globally. It serves more than 700 million registered users across approximately 180 countries.
DBX sits at a Zacks Rank #1 (Strong Buy), holds a Value Style Score of B, and has a VGM Score of A. Compared to the Internet - Services industry's P/E of 22.6X, shares of Dropbox are trading at a forward P/E of 9.8X. DBX also has a PEG Ratio of 0.9, a Price/Cash Flow ratio of 11.6X, and a Price/Sales ratio of 2.7X.
A company's earnings performance is important for value investors as well. For fiscal 2024, four analysts revised their earnings estimate higher in the last 60 days for DBX, while the Zacks Consensus Estimate has increased $0.11 to $2.12 per share. DBX also holds an average earnings surprise of 13.1%.
DBX should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.
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Dropbox, Inc. (DBX) : Free Stock Analysis Report
