DocuSign DOCU
United StatesTechnology · Software - ApplicationUSD
69.99 USD (+1.6%)
16 analysts
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DocuSign is a software company offering electronic signature solutions and digital agreement management, with a business model based on recurring subscriptions for companies of all sizes.
Key points
from its scores- ✓High-quality business8.6
- ✓Strong growth7.5
- ✓Favourable backdrop7.0
- ✕Little or no dividend1.5
- !Weak share-price trend5.7
AI analysis
bottom line, main risk, context and newsThe combination of net cash, high return on capital and double-digit earnings growth with reasonable valuation (forward P/E 13.22) makes DocuSign a solid position for growth portfolios.
DocuSign shows solid financial health with net cash (DN/EBITDA of -1.35), high quality with ROIC of 23.88% and gross margin of 79.61%, and earnings growth of 33.30% which, together with a forward P/E of 13.22 and a PEG of 0.74, suggests an attractive valuation for its growth profile.
The main risk is intense competition in the digital agreement management market, which could pressure pricing and revenue growth in the medium term.
Context and risks
DocuSign has no material exposure to current macro factors. Its software business with a healthy balance sheet (negative net debt) and strong cash generation is not affected by the rise in long-term rates or by the evolution of oil or the dollar. There are no recent relevant news items that modify the risk profile.
Is DocuSign stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 37% above the Technology median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 43.1 | 31.3 | +38% |
| EV / EBITDA | 27.8 | 20.4 | +36% |
| Price / book | 7.5 | 6.3 | +20% |
| Price / sales | 3.8 | 5.3 | −27% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.8 out of 10 (median for Technology: 5.3).
Average analyst target: 69.99 USD, +1.6% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 8.6 (sector 6.4), Growth 7.5 (sector 7.5).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 43.1
- Forward P/E
- 13.2
- EV / EBITDA
- 27.8
- Price / book
- 7.5
- Price / sales
- 3.8
- PEG
- 0.74
- Market cap
- 12.9B USD
- Enterprise value
- 12.3B USD
Profitability
- ROE
- 17.8%
- ROA
- 6.4%
- ROIC (approx.)
- 23.9%
- Gross margin
- 79.6%
- Operating margin
- 13.4%
- Net margin
- 9.8%
- Free cash flow
- 1.3B USD
- FCF yield
- 10.2%
- Cash conversion
- 297%
Solvency
- Total debt
- 183.1M USD
- Net debt
- −594.6M USD
- Cash
- 777.7M USD
- EBITDA
- 441.7M USD
- Net debt / EBITDA
- −1.35
- Debt / equity
- 10.65
- Current ratio
- 0.64
- Quick ratio
- 0.59
Growth
- Revenue growth
- +9.4%
- Earnings growth
- +33.3%
- EPS (TTM)
- 1.60 USD
- EPS (forward)
- 5.21 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 0.86
- Analyst consensus
- Hold (16)
- Target price
- 69.99 USD
- 52-week range
- 40.16 – 75.00
Recent news
All DOCU news →Compare it with its sector
All 283 in Technology →Frequently asked questions about DocuSign
Is DocuSign stock cheap or expensive?
On P/E and EV / EBITDA, it trades 37% above the Technology median on average. Valuation score: 6.8 out of 10 (median for Technology: 5.3). Average analyst target: 69.99 USD, +1.6% versus the price. This is not investment advice.
What score does DocuSign get on MeridIAn Screener?
It scores 7.0 out of 10, rank 209 of 2,130 (better than 89% of the companies analysed). Its strongest category is Quality / Moat (8.6) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
What is DocuSign's P/E ratio?
Its P/E is 43.1: the share price equals 43.1 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 13.2.
How much is DocuSign worth on the stock market?
Its market capitalisation is 12.9B USD and its enterprise value, debt included, is 12.3B USD.
How much debt does DocuSign have?
It has more cash than debt: net cash of 594.6M USD.
Does DocuSign pay a dividend?
It pays no dividend, or almost none.
How has DocuSign stock performed over the last year?
It has risen 0.7% over the last year, excluding dividends. Over the last 52 weeks it has traded between 40.16 and 75.00 USD. Past performance does not guarantee future results.
What do analysts think of DocuSign?
16 analysts cover it; their average recommendation is “Hold” and their average target is 69.99 USD (+1.6% versus the price). It is an estimate, not market data.