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Pitney Bowes Inc (PBI.PB) stock analysis

PBI.PBNYSEOffice Machines, NECFiscal year ends December 31Also trades as PBI
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 13/3033% below fair value
$20.36−0.28 (-1.36%)

Close on Oct 30, 2026Market cap $2.79BP/E 15.8Yield 1.47%

StockData Score

Prices as of Oct 30, 2026How the score works

Value5Growth2Performance2Health1Dividend3

Mixed13 of 30 checks passed

Pitney Bowes passes 13 of the 30 checks behind our score; 10 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
5/6
Growth
2/6
Past performance
2/6
Financial health
1/6
Dividend
3/6

What stands out

  • Margin of safety over 20%

    The price is 32.6% below fair value, more than the 20% cushion we look for.

  • Trading below fair value

    The share price of $16.31 is below our fair value estimate of $24.21.

  • EPS growing 10%+ a year

    Diluted EPS grew 58.7% a year over the last three fiscal years.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 30.2% of total debt.

What to watch

  • Revenue growing under 10% a year

    Revenue grew -8.7% a year over the last three fiscal years, short of the 10% we look for.

  • Bankruptcy risk in the grey zone

    The Altman Z-score is 2.07; above 3 is the safe zone and below 1.8 the distress zone.

  • Dividend was cut

    The dividend per share fell by more than 10% at least once in the last 10 fiscal years.

  • Growing slower than the industry

    Revenue grew -3.5% over the last twelve months; the Computer and Office Equipment median is 11.1%.

Valuation5/6

  • P/E below its 5-year median

    Pitney Bowes's P/E of 12.6 is below its own 5-year median of 17.8.

  • P/E below the industry

    Pitney Bowes's P/E of 12.6 is below the Computer and Office Equipment median of 28.1.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/S below the industry

    Pitney Bowes's price-to-sales of 1.20 is below the Computer and Office Equipment median of 2.38 (book value is negative, so we use sales).

  • Trading below fair value

    The share price of $16.31 is below our fair value estimate of $24.21.

  • Margin of safety over 20%

    The price is 32.6% below fair value, more than the 20% cushion we look for.

Growth2/6

  • Revenue growing under 10% a year

    Revenue grew -8.7% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing 10%+ a year

    Diluted EPS grew 58.7% a year over the last three fiscal years.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing slower than the industry

    Revenue grew -3.5% over the last twelve months; the Computer and Office Equipment median is 11.1%.

  • Guidance raised

    Pitney Bowes raised its 2026 Adjusted EBIT outlook on Jul 29, 2026.

  • Gross margin trend

    This company does not report gross profit.

Past performance2/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on invested capital

    Needs operating income and invested capital.

  • Return on equity against the industry

    Needs positive equity.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin above its 5-year average

    Net margin was 10.1% over the last twelve months, against a 5-year average of -3.9%.

  • Net margin above the industry

    Pitney Bowes's net margin of 10.1% is above the Computer and Office Equipment median of 3.6%.

Financial health1/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 30.2% of total debt.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term assets don't cover short-term debts

    Current assets are 0.70 times current liabilities.

  • Bankruptcy risk in the grey zone

    The Altman Z-score is 2.07; above 3 is the safe zone and below 1.8 the distress zone.

Dividend3/6

  • Pays a dividend

    Pitney Bowes paid dividends worth 2.3% of the share price over the last twelve months.

  • Yield below Treasuries

    The 2.3% yield is below the 4.4% on a 1-year Treasury.

  • Yield below the top quarter

    The top quarter of US dividend payers yield 4.0% or more; Pitney Bowes yields 2.3%.

  • Dividend was cut

    The dividend per share fell by more than 10% at least once in the last 10 fiscal years.

  • Covered by earnings

    Dividends take 29.1% of net income.

  • Covered by free cash flow

    Dividends take 10.9% of free cash flow.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$24.21

The share price is 33% below this estimate.

20%+ below
Near fair value
20%+ above
$16.31Price$24.21Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/E22.9×17.8×28.1×$29.5573%
Earnings power11.6% cost of equity––$9.9727%
Fair value$24.21100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 17.8
  • Computer and Office Equipment median 28.1

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$27.76M
Value traded per 1% price move
$22.73M

Downside

Low risk

Typical loss in a bad month
10.6%
Volatility (annualized)
34%
Sharpe ratio, 1 year
1.20
Beta to the S&P 500 (5Y)
1.32

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Gross margin

–

Net margin

7.6%+12.7 pts over 5 years