BOX
Box, Inc.

Box, Inc.BOX

Technology · Software - Infrastructure
41.95USD
-3.67%
Nov 08, 2026
BOX overview ready
Governed Content Platform Enabling Enterprise AI Workflows
Box is a direct, content-layer platform participant: it sells cloud content management, workflow automation, AI-enabled extraction and search, and governance controls that can make enterprise documents usable by employees and AI agents under existing permissions.
Primary theme is weakening
Collaboration Software is weakening (+5.2pp vs SPY over 21 sessions; 4 of 6 members ahead of SPY).
Advancing price action
Longer-term context reads early trend, with a near-term setup of daily advance.
Attractive valuation
Current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Competition from larger cloud and content management providers.
Market Nov 6Filing Jul 31Price action Nov 7Research Nov 1

Conviction Level

PriceAction6.6BusinessPerformance7.0BusinessQuality7.4Valuation9.2ThemeMomentum3.0Improving — Revenue is growing at a steady pace (+9.2% year over year). Diluted EPS is up 80% year over year at $0.09. That earnings comparison is against a weak year-ago quarter. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
+5.2pp
Theme return
+0.2%
Beating SPY
4 of 6
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Advancing price action
Longer-term context reads early trend, with a near-term setup of daily advance.
EntryConstructive

Structure is constructive, but price remains well extended from the long-term weekly base — a workable rather than ideal entry location.

Key Financials

Market Cap
$5.8B
Avg Volume (60D)
2.7M
60 sessions
Revenue Growth YoY
+8.0%
FY2026 vs FY2025
Gross Margin
+79.5%
Trailing twelve months
Operating Margin
+9.4%
Trailing twelve months
Free Cash Flow Yield
+6.8%
Distance from 200DMA
+43.9%
Next Earnings
2026-12-01
P/E
44.0x
EV / EBITDA
37.5x
EV / Sales
4.7x
Market metrics as of Nov 6, 2026
Financial results for the period ended Jul 31, 2026
Filed balance-sheet data as of Jul 31, 2026

Business Performance

Improving

Revenue is growing at a steady pace (+9.2% year over year). Diluted EPS is up 80% year over year at $0.09. That earnings comparison is against a weak year-ago quarter.

Latest reported: Q2 FY2027, ended Jul 31
Revenue growthGrowing
+9.2%
$321M in Q2 FY2027 · YoY
YoY growth, last 4 quarters
  1. +9.1%
  2. +9.4%
  3. +11%
  4. +9.2%
Earnings growthGrowing
+80%
Diluted EPS $0.09 vs $0.05 a year earlier · GAAP
Not enough comparable diluted EPS quarters for a YoY sequence.
Operating marginExpanding
10.2%
+3.2 pp YoY · gross margin 79.1% (+0.0 pp)
The comparison is against a weak year-ago quarter

Business Quality

7.4 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

The available comparisons disagreed; the intrinsic comparison is the more reliable method for this business and the others are published as dissent.
Box, Inc. has a Cheap valuation stance because current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.

Company Research

Thesis
Box is a direct, content-layer platform participant: it sells cloud content management, workflow automation, AI-enabled extraction and search, and governance controls that can make enterprise documents usable by employees and AI agents under existing permissions. The story is still emerging, so the exposure is real but early.
Opportunity
Moderate opportunity
Enterprise spending to organize, permission, classify, secure, and connect unstructured business content so generative-AI applications and agents can use trusted proprietary context without bypassing compliance controls.
Key risk
Competition from larger cloud and content management providers.

Economic classification

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Business & Markets

Technology · Software - Infrastructure
What they do

Box, Inc. provides a cloud content management platform that enables organizations to securely manage, collaborate on, and automate workflows for unstructured content across devices and locations globally.

How it earns

The company generates revenue primarily through subscription-based Software-as-a-Service (SaaS) offerings.

Products & services
Cloud content management platform
Secure external collaboration tools
Content workflow automation
E-signature processes
Web, mobile, and desktop applications
Customers & end markets
Enterprises of various sizes
Organizations requiring secure content collaboration and governance
Market position

Leader in cloud content management platforms with a focus on secure collaboration and governance.

Demand drivers
Low cyclicality

Demand is driven by ongoing enterprise digital transformation and compliance needs rather than economic cycles.

Peers

Companies validated as economically comparable to BOX — similar business, revenue model and scale.
PRICE ACTIONVALUATIONTHEME
Open Text CorporationEarly Recovery — Constructive PullbackFair6.5MediumUnavailableNot in RS poolLocked$24.85−4.86%
AvePoint, Inc.Early Trend — Daily AdvanceExpensive8.0HighUnavailableNot in RS poolLocked$16.55+0.79%
DocuSign, Inc.Early Trend — Constructive PullbackCheap6.0MediumUnavailableNot in RS poolLocked$77.61−1.66%