PBI
Pitney Bowes Inc.
PBI's fundamentals are strong and it looks cheap: trading at 12x earnings, below its usual 17x. Analysts expect earnings growth.
PBI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Weak |
PBI's profitability and cash flow are currently strong, and its revenue is stable, but its balance sheet is weak.
PBI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9.7x | $15.64 | — |
| Current | 12x | $15.64 | — |
| Cheap | 13x | $16.34 | +4.5% |
| Fair | 17x | $22.35 | +43% |
| Expensive | 65x | $84.89 | +443% |
Historical ranges are pointers, not guarantees.
PBI's PE is in its cheap range at 12x. If earnings grow as analysts expect, today's price would be 9.7x next year's earnings.
PBI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect PBI's earnings to grow and its profitability to improve, with its revenue holding steady.
PBI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.61 | +24% |
| Q3 2026 | $1.30 | +189% |
| Q2 2026 | $1.23 | +$1.83 |
| Q1 2026 | $1.04 | +$1.95 |
| Q4 2025 | $0.84 | +$1.96 |
| Q3 2025 | $0.45 | +$2.64 |
| Q2 2025 | -$0.60 | +$0.91 |
| Q1 2025 | -$0.91 | +$1.27 |
| Q4 2024 | -$1.12 | +$1.08 |
PBI's earnings per share have climbed steadily: $1.30 over the past year, up 189% from the year before, and higher year over year for eight quarters in a row.
PBI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $456.2M | -0.8% |
| Q2 2026 | $451.5M | -2.3% |
| Q1 2026 | $477.4M | -3.2% |
| Q4 2025 | $477.6M | -7.5% |
| Q3 2025 | $459.7M | -8% |
| Q2 2025 | $461.9M | -42% |
| Q1 2025 | $493.4M | -41% |
| Q4 2024 | $516.1M | -41% |
PBI's revenue fell from its 2020 peak and has held roughly level since: $456M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +0.5 points |
| Q2 2026 | 15% | +6 points |
| Q1 2026 | 17% | +7.4 points |
| Q4 2025 | 8% | +17 points |
| Q3 2025 | 15% | +24 points |
| Q2 2025 | 8.5% | +13 points |
| Q1 2025 | 9.5% | +8.3 points |
| Q4 2024 | -9.3% | +17 points |
PBI's operating margin was 15% last quarter, up 0.5 points from the same quarter a year ago, near the top of its range since 2019.
PBI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $140.4M | +175% |
| Q2 2026 | $134.4M | +37% |
| Q1 2026 | $28.3M | +$61.9M |
| Q4 2025 | $201.4M | +79% |
| Q3 2025 | $51.1M | +875% |
| Q2 2025 | $98M | +37% |
| Q1 2025 | -$33.6M | -$1.1M |
| Q4 2024 | $112.3M | +64% |
PBI generated $505M in free cash flow over the past year, up 121% from the year before.
PBI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +1.7M shares |
| 1 year | -17% | -29.6M shares |
| 3 years | -20% | -35.4M shares |
| 5 years | -22% | -38.7M shares |
| Available history | -21% | -36.7M shares |
PBI has 141M diluted shares, down 17% from a year ago, with $332M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $17.3M |
| Q2 2026 | $52.8M |
| Q1 2026 | $135.6M |
| Q4 2025 | $126.6M |
| Q3 2025 | $161.5M |
| Q2 2025 | $75.3M |
| Q1 2025 | $15M |
| Q4 2023 | — |
PBI spent $332M buying back its own shares over the past year.
PBI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.6x | High |
| Q2 2026 | 5.0x | High |
| Q1 2026 | 5.5x | High |
| Q4 2025 | 5.6x | High |
| Q3 2025 | 8.1x | High |
| Q2 2025 | 19.2x | High |
| Q1 2025 | 88.7x | High |
| Q2 2023 | 117.2x | High |
PBI's net debt is about 4.6 years of its operating earnings (EBITDA), down from 8.1 years a year ago.
PBI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.3 | Neutral |
| Stochastic | 12.0 | Oversold |
PBI's weekly RSI is 46 (neutral) and its Stochastic is 12 (oversold).
PBI PE vs Industrials Sector
| Metric | PBI | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 24x | 50% below |
| PE % | 12 | 58 | 46 pts below |
PBI is trading at 12x earnings, a 50% discount to the Industrials sector's median of 24x.
PBI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $16.5 | 5.1% below |
| 20 week MA | $17.0 | 7.9% below |
| 50 week MA | $14.3 | 9.2% above |
| 100 week MA | $12.2 | 29% above |
| 200 week MA | $8.43 | 86% above |
PBI has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 86% above its 200-week average.
PBI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.94 | $5.53 | +40% |
| 2021 | $5.53 | $6.68 | +21% |
| 2022 | $6.68 | $3.79 | -43% |
| 2023 | $3.79 | $4.40 | +16% |
| 2024 | $4.40 | $7.29 | +66% |
| 2025 | $7.29 | $10.7 | +47% |
| 2026 YTD | $10.7 | $15.6 | +46% |
PBI has finished higher in five of the last six years. It's up 46% so far in 2026.