BXP, Inc. (BXP) stock analysis

P/E above its 5-year median

BXP's P/E of 34.1 is above its own 5-year median of 33.4.

P/E above the industry

BXP's P/E of 34.1 is above the Miscellaneous Investing median of 26.3.

EV/EBITDA against its history

Needs positive EBITDA and price history.

P/B above the industry

BXP's price-to-book of 1.96 is above the Miscellaneous Investing median of 1.20.

Trading above fair value

The share price of $63.44 is above our fair value estimate of $60.66.

Margin of safety under 20%

The price is 4.6% above fair value, so there is no margin of safety.

Revenue growing under 10% a year

Revenue grew 3.9% a year over the last three fiscal years, short of the 10% we look for.

EPS growing under 10% a year

Diluted EPS grew -31.4% a year over the last three fiscal years.

Earnings growth accelerating

Net income grew 5922% over the last twelve months, against a 5-year average of -20.5% a year.

Growing slower than the industry

Revenue grew 1.9% over the last twelve months; the Miscellaneous Investing median is 4.6%.

Guidance lowered

BXP lowered its Full Year 2026 BXP’s Share of Termination income outlook on Jul 28, 2026.

Gross margin slipping

Gross margin was 59.1% over the last twelve months, against 59.4% a year earlier.

Return on equity under 15%

Return on equity was 5.7% over the last twelve months and averaged 6.3% over five years; we look for 15% on both.

Return on invested capital

Needs operating income and invested capital.

Return on equity above the industry

BXP's return on equity of 5.7% is above the Miscellaneous Investing median of 3.1%.

Earnings shrank over 5 years

Net income shrank 20.5% a year on average over the last five fiscal years.

Net margin below its 5-year average

Net margin was 8.4% over the last twelve months, against a 5-year average of 11.8%.

Net margin below the industry

BXP's net margin of 8.4% is below the Miscellaneous Investing median of 10.3%.

Low debt

Debt is 14.5% of shareholders' equity, under the 40% we consider low.

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 171% of total debt.

Interest coverage

Interest expense is not reported separately.

Short-term liquidity

The balance sheet is not split into current and non-current items.

Elevated bankruptcy risk

The Altman Z-score is 0.39; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

BXP paid dividends worth 4.4% of the share price over the last twelve months.

Yield above Treasuries

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

Yield in the top quarter

The top quarter of US dividend payers yield 3.8% or more; BXP yields 4.4%.

Dividend stability

Fewer than five years of dividend history.

Not covered by earnings

Dividends take 184% of net income, leaving little room.

Cash-flow cover

Needs dividends paid and free cash flow.