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BXP, Inc. BXP

NYSE · reit · Real Estate Investment Trusts · website · IPO 1997-06-18 · LEI

BXP, Inc. statistics & valuation

Market cap$10.7B
P / E38.6×
P / S3.1×
P / B1.4×
Dividend yield6.01%
Net margin7.9%
Return on equity3.6%
Graham number -37.1%$43.52

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($43.52); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
20.10% 17.80% 21.50% 17.60% 31.60% 17.50% 27.30% 5.80% 0.40% 7.90% 2016201720182019202020212022202320242025
Gross margin (%)
61.70% 60.70% 61.70% 61.30% 62.80% 62.10% 61.10% 59.90% 59.10% 2016201720182019202020212022202320242025
Operating margin (%)
32.40% 34.90% 2016201720182019202020212022202320242025
Return on equity (%)
6.50% 5.70% 7.10% 6.50% 10.50% 6.30% 10.20% 2.30% 0.20% 3.60% 2016201720182019202020212022202320242025
Shares outstanding
154.0M 154.4M 154.7M 154.9M 155.7M 156.5M 157.1M 157.2M 158.2M 158.9M 2016201720182019202020212022202320242025
Net debt ($)
$1.67B $2.58B $2.45B $2.30B $1.26B $2.85B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.70% 2.40% 2.90% 2.50% 3.80% 2.30% 3.50% 0.70% 0.10% 1.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.26× 0.37× 0.36× 0.37× 0.35× 0.41× 2016201720182019202020212022202320242025
EPS ($)
$3.26 $2.93 $3.70 $3.30 $5.54 $3.17 $5.40 $1.21 $0.09 $1.74 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

BXP, Inc. trades at about 39.8× earnings — near its 10-year norm (10-year range 13.8×–812.7×, median 40.2×).

13.8× 812.7×

Shaded band = 10-year range (13.8×–812.7×); dot = today's 39.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin59.1%59.9%61.1%62.1%62.8%61.3%61.7%60.7%61.7%—
Operating margin————————34.9%32.4%
Net margin7.9%0.4%5.8%27.3%17.5%31.6%17.6%21.5%17.8%20.1%
Return on assets1.1%0.1%0.7%3.5%2.3%3.8%2.5%2.9%2.4%2.7%
Return on equity3.6%0.2%2.3%10.2%6.3%10.5%6.5%7.1%5.7%6.5%
Debt / equity————0.41×0.35×0.37×0.36×0.37×0.26×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.