Stock fact sheet · data as of
Box, Inc. (BOX): fair value, margin of safety and Wheel Score
Technology · Software - Infrastructure · United States · Blend
Is BOX undervalued?
BOX closed at 39.48 on 16 Oct 2026, which is 15% above the GLS average fair value of 34.36 from 8 models. 5 of them value the shares below today's price. Our screens read that as "no margin of safety": the stock is not a value candidate at this price, whatever the quality numbers say.
There is a wide gap between Graham Number (4.48) and Payback Time (83.50). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files BOX under Blend.
Nine valuation models for BOX
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 26.17 | -34% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 4.48 | -89% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 33.19 | -16% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 13.39 | -66% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 51.64 | +31% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 53.13 | +35% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 83.50 | +112% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 9.37 | -76% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -7.29 | -118% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 37.25 | -6% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Box, Inc. scores 8 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. On durability BOX scores 5.8/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are high - ROIC 14.0%, ROE -33.9%, ROA 6.6% - with debt at -3.42 times equity and a free-cash-flow yield of 7.0%.
Box, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 8 / 9 | ROIC | 14.0% |
|---|---|---|---|
| GLS Moat | 5.8 / 10 | ROE | -33.9% |
| Debt / equity | -3.42 | ROA | 6.6% |
| Free-cash-flow yield | 7.0% | Payout ratio | 13% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 71: Good
With a Wheel Score of 71 - the Good band - Box, Inc. clears the Sunday Scan's "70 or higher" rule. The parts: Value 6/25, Health 18/20, Moat 9/15, Premium 20/20, Stability 18/20; Value (6/25) scores lowest.
Implied volatility is 37% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 30,825 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 3.2M shares a day on a market cap of $5.4B, with a beta of 1.41 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 18 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 6 / 25 | -15% margin of safety | |
| Health | 18 / 20 | Piotroski 8/9 | |
| Moat | 9 / 15 | moat 5.8/10 | |
| Premium | 20 / 20 | implied volatility 37% | |
| Stability | 18 / 20 | 3.2M shares/day, $5.4B cap, beta 1.41 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 1 Dec 2026, 46 days away - outside the window of a 30-45-day put sold today.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Infrastructure
The 12 companies below are the closest to Box, Inc. by market cap within the Software - Infrastructure industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| VRNS Varonis Systems, Inc. | 47.06 | 21.28 | -121% | 45Weak | $5.4B |
| MBGL Mobility Global Inc | 18.72 | 8.46 | -121% | 45Weak | $5.5B |
| ACIW ACI Worldwide, Inc. | 52.55 | 68.94 | +24% | 89Prime | $5.3B |
| BB BlackBerry Limited | 8.70 | 3.04 | -186% | 59Fair | $5.1B |
| RELY Remitly Global, Inc. | 23.49 | 45.35 | +48% | 80Prime | $5.0B |
| WEX WEX Inc. | 174.59 | 155.54 | -12% | 63Fair | $6.0B |
| CORZ Core Scientific, Inc. | 14.46 | - | - | 45Weak | $4.6B |
| DOX Amdocs Limited | 60.68 | 78.72 | +23% | 82Prime | $6.5B |
| QLYS Qualys, Inc. | 189.63 | 172.61 | -10% | 74Good | $6.6B |
| DLO Dlocal Limited | 15.10 | 31.93 | +53% | 87Prime | $4.4B |
| ZVLO zvelo, Inc. | 252.00 | - | - | 36No options | $6.7B |
| CORZZ Core Scientific, Inc. Tranche 2 Warrants | 13.55 | - | - | 29No options | $4.3B |
Screen the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about BOX
Is BOX undervalued right now?
No: at 39.48 the stock trades 15% above the GLS average fair value of 34.36 (data as of 16 Oct 2026). The margin of safety is negative.
What is the Wheel Score of BOX and what does it mean?
BOX scores 71 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for BOX?
34.36 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Box, Inc. report earnings next?
The next earnings report is due on 1 Dec 2026 (after the close), 46 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does BOX have listed options, and how liquid are they?
Yes. The nightly snapshot found 338 listed contracts with 30,825 open interest across all expiries and implied volatility of 37% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.