MetaCap

Dropbox (DBX) vs Joint Stock Kaspi.kz American Depository Shares (KSPI)

Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.

Summary

Joint Stock Kaspi.kz American Depository Shares (KSPI) has outperformed Dropbox (DBX) over the past year, gaining 20.2% versus a gain of 15.5%. Joint Stock Kaspi.kz American Depository Shares is the larger company by market cap ($17.64 billion vs $7.42 billion), about 2.4 times the size. On valuation, Joint Stock Kaspi.kz American Depository Shares trades at a lower forward P/E (0.0x vs 10.3x for Dropbox).

Summary generated from market data by MetaCap's automated system. Methodology

Relative performance

DBX+15.49%KSPI+20.18%
+44%+8%-29%
Oct 8, 20251 yearOct 8, 2026
DBX+6.12%KSPI-3.27%
+47%+5%-38%
Jan 15, 20245 yearsOct 5, 2026

Percent change in share price from the first common trading day shown; excludes dividends.

Head-to-head

DBX versus KSPI key metrics
MetricDBXKSPI
Share price$34.14$92.83
Market cap$7.42B$17.64B
1-day change+3.20%+1.04%
YTD return+22.81%+18.81%
1-year return+15.49%+20.18%
5-year return+12.71%—
P/E ratio (TTM)18.868.51
Forward P/E10.330.01
EPS (TTM)$1.81$10.91
Dividend yield0.00%6.18%
Annual dividend$0.00$0.00
Revenue (latest FY)$2.52B—
Revenue growth (YoY)-1.07%—
Net income (latest FY)$508.40M—
Gross margin80.13%—
Operating margin27.33%—
Net margin20.17%—
52-week high$38.17$109.94
52-week low$21.70$68.59
Distance from 52-week high-10.56%-15.56%
Analyst consensusunderperformbuy
Avg. price target upside-6.85%+16.22%
Average volume4.19M540.43K
Shares outstanding142.30M190.03M
Employees2,11314,008
SectorTechnologyTechnology
IndustrySoftware - InfrastructureSoftware - Infrastructure

Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.

Key differences

  • Joint Stock Kaspi.kz American Depository Shares is about 2.4 times larger than Dropbox by market value ($17.64B vs $7.42B).
  • Dropbox trades at a higher earnings multiple (18.9x vs 8.5x trailing P/E).
  • Joint Stock Kaspi.kz American Depository Shares offers a meaningfully higher dividend yield (6.18% vs 0.00%).

About Dropbox

DBX stock →

Dropbox, Inc. provides a content collaboration platform in the United States and internationally.

Technology · Software - Infrastructure · 2,113 employees

About Joint Stock Kaspi.kz American Depository Shares

KSPI stock →

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine. The company operates through three segments: Payments, Marketplace, and Fintech.

Technology · Software - Infrastructure · 14,008 employees

DBX vs KSPI FAQ

Which is bigger, Dropbox or Joint Stock Kaspi.kz American Depository Shares?

Joint Stock Kaspi.kz American Depository Shares (KSPI) is larger, with a market capitalization of $17.64B compared with $7.42B for Dropbox (DBX).

Which stock has performed better over the past year, DBX or KSPI?

KSPI returned +20.18% over the past 12 months, compared with +15.49% for DBX (price return, excluding dividends). Past performance does not predict future results.

Which has the lower P/E ratio, DBX or KSPI?

KSPI has the lower trailing P/E at 8.5, versus 18.9 for DBX. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.

Which pays a higher dividend, Dropbox or Joint Stock Kaspi.kz American Depository Shares?

Joint Stock Kaspi.kz American Depository Shares pays a dividend yielding 6.18%, while Dropbox does not currently pay a regular dividend.

Are Dropbox and Joint Stock Kaspi.kz American Depository Shares in the same industry?

Yes. Both are classified in the Software - Infrastructure industry within the Technology sector.

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