BOX INC (BOX)

Services-Prepackaged Software

Latest Price

$33.75

TTM P/E

49.63

Normalized P/E

63.44

Div Yield

Book Value

P/B Ratio

Valuation metrics

Norm. op. income: $37M (median of 7yr)

Tax rate: 22%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$2.23

94% downside

Base FCF: $185M (median of recent 4yr)

Growth: 6%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$24.81

29% downside

EPS: $0.58

Target P/E: 65×

Formula: EPS × P/E

P/E Fair Value

$37.70

+8% upside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	25.44M	$675.0M	18.54%	+116.3K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	11.14M	$295.0M	8.12%	-109.5K	2026-06-30
EARNEST PARTNERS LLC	7.12M	$188.0M	5.19%	-185.8K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	6.02M	$159.0M	4.39%	-196.4K	2026-06-30
STATE STREET CORP	5.93M	$157.0M	4.32%	+245.7K	2026-06-30
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	4.31M	$114.0M	3.14%	-605.2K	2026-06-30
CITADEL ADVISORS LLC	4.00M	$106.0M	2.92%	+1.49M	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	3.63M	$96.0M	2.65%	+95.6K	2026-06-30
BANK OF AMERICA CORP /DE/	3.47M	$91.0M	2.53%	+115.2K	2026-06-30
UBS Group AG	3.43M	$91.0M	2.50%	+401.3K	2026-06-30