Technology / Software - ApplicationUpdated 2026-05-10 22:07 UTC

DOCU stock hub

DocuSign is a mature software compounder generating exceptional free cash flow and maintaining dominant market share in e-signature. However, heavy stock-based compensation and decelerating top-line growth present valuation headwinds. The base case assumes steady, low-growth cash generation with gradual GAAP margin improvement.

Read full analysis Valuation Archive

Fair value midpoint

$28.6

$20.8 - $36.5

Upside to midpoint

-40.3%

Based on latest report

Confidence

80/100

Data quality and model convergence

Market cap

$9.3B

NASDAQ

Our take

Research highlights

What our analysis says

Pulled from the latest published report. The full reasoning lives under /analysis.

Biggest opportunity

Bull case

Bull: Successful expansion of Intelligent Agreement Management (IAM) accelerates revenue back to double-digits, while cost discipline drops the high incremental gross margins straight to the bottom line.

Biggest risk

Severe Pricing Compression

12-24 months

Recommended action

Sell

DOCU is rated Sell at $47.90 versus the reconciled fair value midpoint of $28.60, implying -40.29% upside/downside. Confidence is separately disclosed at 80/100.

Market data

Live price

Current market quote for this ticker.

Current price

DOCU

In the news

Latest news · DOCU

Recent company headlines from major financial publishers.

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Fetching the latest headlines.

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Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Analysis map

Jump into the research surface

These links all point into /analysis/*, so a hub rollback leaves the report reader and legacy redirects live.

Forecast

Targets

Bull, base, and bear cases with expected-return framing.

Valuation

Models

Fair-value bridge, DCF, owner earnings, and peer multiples.

Sensitivity

Grid

Cost-of-equity and terminal-growth stress table.

Risks

Bear case

Kill scenarios, soft-pass flags, and downside catalysts.

Earnings

Decision tree

Next earnings setup and beat / inline / miss thresholds.

Position sizing

Checkpoints

Entry, exit, conviction, and quarterly monitoring rules.

Financials

History

Revenue, margins, cash flow, and balance-sheet context.

Peers

Comps

Relative valuation and profitability against the cohort.

Moat

Durability

Economic-profit evidence and competitive advantage risk.

Industry cycle

Context

Sector phase, capital cycle, and secular tailwinds.

Scorecard

Factors

Six-factor overlay and 9-category weighted scorecard.

Recommendation

Verdict

Final action, action steps, opportunity, and biggest risk.

Perspectives

Lenses

Growth, value, and income investor reads.

Where the current metrics sit

Percentiles come from the backend screener cohort cache for the ticker's country and sector.

Forward P/E9.5

P25 12.5P50 22.3P75 38.6

Trailing P/E0

P25 16.3P50 33.5P75 65.6

ROE15.8

P25 -30.7P50 1.5P75 14.4

ROIC21

P25 -18.6P50 1.9P75 13.7

Benchmarks - 1M

S&P 500n/a

Nasdaq Compositen/a

Dow Jones Industrial Averagen/a

Russell 2000n/a

Our take

Indicator catalog

All DOCU market and fundamental indicators

A searchable catalog of the available market, valuation, profitability, growth, balance-sheet, ownership, and analyst metrics for this ticker.

Available fields

249

Groups with data

Currency

USD

Showing 249 of 249 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Cik	0001261333
Company name	DocuSign, Inc.
Country	United States
Country code	US
Cusip	256163106
Employees	7,044
Employees Change	206%
Employees Change Percent	3.01
Enterprise value	$8.6B
Exchange	NASDAQ
Financial currency	USD
First seen	2026-05-09
Industry	Software - Application
IPO Date	2018-04-27
Isin	US2561631068
Last refreshed	2026-05-10
Market cap	$9.3B
Market cap category	Mid-Cap
Price	$47.9
Price currency	USD
Rev Per Employee	457,055.65x
Sector	Technology
Sic	7372
Symbol	DOCU
Website	https://www.docusign.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Earnings Yield	3.32%
EV Earnings	27.91x
EV Sales Forward	2.42x
EV/EBIT	28.89x
EV/EBITDA	25.51x
EV/FCF	8.15x
EV/Sales	2.68x
FCF yield	11.37%
Forward P/E	10.82x
P/B ratio	4.94x
P/E ratio	32.36x
P/S ratio	2.89x
PE Ratio3 Y	62.49x
PEG ratio	0.48x
PS Forward	2.61x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT Margin	9.27%
EBITDA Margin	10.5%
FCF margin	32.88%
Gross margin	79.58%
Gross Profit	$2.6B
Gross Profit Growth	8.6%
Gross Profit Growth Q	8.22%
Gross Profit Growth3 Y	8.91%
Gross Profit Growth5 Y	18.53%
Net Income	$309.1M
Net Income Growth	-71.06%
Net Income Growth Q	8.16%
Net Income Growth Quarters	2%
Net Income Growth Years	0%
Pretax Margin	10.79%
Profit Margin	9.6%
Profit Per Employee	$43,879
Profitable Years	3
ROA	4.53
Roa5y	1.45
ROCE	13.63
ROE	15.77
Roe5y	9.46
ROIC	21.02
Roic5y	8.4

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
Cagr1y	-41.78%
Cagr3y	-0.57%
Cagr5y	-24.5%
EPS Growth	-70.87
EPS Growth Q	11.84
EPS Growth Quarters	2
EPS Growth Years	0
FCF Growth	15.03%
FCF Growth Q	25.26%
FCF Growth3 Y	35.12%
FCF Growth5 Y	37.6%
OCF Growth	14.52%
OCF Growth Q	22.51%
OCF Growth3 Y	31.98%
OCF Growth5 Y	31.44%
Revenue Growth	8.16x
Revenue Growth Q	7.81x
Revenue Growth Quarters	32x
Revenue Growth Years	10x
Revenue Growth3 Y	8.57x
Revenue Growth5 Y	17.25x

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Asset Turnover	$0.78
Assets	$4.2B
Cash	$866.5M
Current Assets	$1.5B
Current Liabilities	$2B
Debt	$185.1M
Debt EBITDA	$0.51
Debt Equity	$0.1
Debt FCF	$0.17
Equity	$1.9B
Interest Coverage	117.3
Liabilities	$2.3B
Long Term Assets	$2.7B
Long Term Liabilities	$272.3M
Net Cash	$681.4M
Net Cash By Market Cap	$7.32
Net Cash Growth	-18.8%
Net Debt EBITDA	$-2.02
Net Debt Equity	$-0.36
Net Debt FCF	$-0.64
Tangible Book Value	$1.4B
Tangible Book Value Per Share	$7.07
WACC	8.95

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Current ratio	0.73
Net Working Capital	$-1.4B
Quick ratio	0.68
Working Capital	$-548.6M
Working Capital Turnover	$-7.22

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback Yield	0.58%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
1Y total return	-41.76%
200-day SMA	62.46
3Y total return	-1.7%
50-day SMA	46.95
50-day SMA vs 200-day SMA	50under200
5Y total return	-75.47%
All Time High	314.8
All Time High Change	-84.78%
All Time High Date	2021-08-10
All Time Low	35.06
All Time Low Change	36.62%
All Time Low Date	2018-11-20
ATR	2.25
Beta	0.88
Beta1y	1.12
Beta2y	1.07
Ch YTD	-29.97
High	47.9
High52	94.67
High52 Date	2025-06-05
High52ch	-49.4%
Low	45.4
Low52	40.16
Low52 Date	2026-02-25
Low52ch	19.27%
Ma50ch	2.02%
Premarket Change Percent	-1.41
Premarket Price	$47.51
Premarket Volume	14,796
Price vs 200-day SMA	-23.31%
RSI	53.31
RSI Monthly	36.81
RSI Weekly	39.19
Sharpe ratio	-1x
Sortino ratio	-1.12
Tr YTD	-29.97
Tr1m	1.14%
Tr1w	-0.13%
Tr3m	1.63%

Analyst estimates

Ratings, targets, revisions, and forward estimate fields.

Metric	Value
Analyst Count	17
Analyst Count Top	7
Analyst Price Target Top	$57.67
Analyst Ratings	Hold
Analyst Ratings Top	Hold
Earnings EPS Estimate	$0.87
Earnings EPS Estimate Growth	-3.33
Earnings Revenue Estimate	824,748,424x
Earnings Revenue Estimate Growth	7.99x
Operating Income	$298.6M
Operating Income Growth	27.6
Operating Income Growth Q	45.1
Operating margin	9.27
Price target	$63.33
Price Target Change	$32.21
Price Target Change Top	$20.4

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	192,066,124%
Float Percent	98.85%
Shares Insiders	1.06%
Shares Institutions	87.63%
Shares Out	194,291,386
Shares Qo Q	-1.63%
Shares Yo Y	-0.58%
Short Float	7.87%
Short Ratio	2.86
Short Shares	7.78

Other indicators

Additional ticker metrics that do not fit the primary research groupings yet.

Metric	Value
Adjusted FCF	$436.2M
Average Volume	3,041,761.25x
Bv Per Share	9.7
CAPEX	$-106.4M
Ch1m	1.14
Ch1w	-0.13
Ch1y	-41.76
Ch3m	1.63
Ch3y	-1.7
Ch5y	-75.47
Ch6m	-31.28
Change	-0.6%
Change From Open	1.44
Close	48.19
Days Gap	-2.01
Depreciation Amortization	39,581,000
Dollar Volume	118,588,329.2
Earnings Date	2026-06-04
Earnings Time	amc
EBIT	$298.6M
EBITDA	$338.2M
EPS	$1.48
F Score	5
FCF	$1.1B
FCF EV Yield	12.27x
FCF Per Share	$5.45
Financing CF	-1,099,902,000
Fiscal Year End	January
Founded	2,003
Goodwill	458,446,000
Graham Number	17.97013
Graham Upside	-62.48
Income Tax	$38.2M
Investing CF	-126,781,000
Is Primary Listing	1
Is Spac	No
Last Earnings Date	2026-03-17
Last Report Date	2026-01-31
Last Split Type	Never
Last10k Filing Date	2026-03-18
Ma150	57.8
Ma150ch	-17.13%
Ma20	46.73
Ma20ch	2.51%
Net CF	-41,404,000
Next Earnings Date	2026-06-04
Open	47.22
Optionable	Yes
P FCF Ratio	8.79
P OCF Ratio	7.99
Position In Range	100
Post Close	47.9
Postmarket Change Percent	-0.62
Postmarket Price	$47.6
Ppne	527,386,000
Pre Close	48.19
Price Date	2026-05-08
Price EBITDA	$27.52
Ptbv Ratio	6.66
Relative Volume	0.81x
Revenue	3,219,500,000x
SBC By Revenue	19.33x
Share Based Comp	622,321,000
Tax By Revenue	1.19x
Tax Rate	11.01%
Tr6m	-31.28%
Us State	California
Volume	2,475,748
Z Score	4.2

Fast facts

Decision checkpoints

A compact product layer over the same report payload.

Risk gate

Named kill scenarios are reviewed before any bullish rating can stand.

Moat score

6.5/10

Business quality stays separate from stock attractiveness.

Forward P/E

9.5x

Valuation uses the full report model stack, not a single multiple.

Next action

Sell

Final action steps are kept in the recommendation tab.

Our take

Income

Does DOCU pay a dividend?

Capital-return profile for this ticker.

Performance

DOCU stock returns vs the market

Total return (incl. dividends) compared to S&P 500.

Ownership

Who owns DOCU?

Insider, institutional, and short-interest positioning.

Institutional ownership

+87.6%

Float: +98.9% of shares outstanding

Insider ownership

+1.1%

Stake held by company insiders. Higher generally signals alignment.

Negative means the company is buying back shares.

Technical

DOCU momentum and risk profile

RSI, moving-average stack, beta, and risk-adjusted return.

RSI (14)

53.3

Neutral momentum band

Price vs 200-day MA

-23.3%

50/200-day relationship not available

Beta (5Y)

0.88

Moves roughly with the market

Sharpe ratio

-1.00

Risk-adjusted return — higher is better; >1.0 is solid.

Peers

DOCU vs. sector cohort

Currency-neutral comparison: P/E, P/S, ROIC, 5Y revenue CAGR, and 1Y total return. Market-cap column appears only when every peer reports in the same currency.

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	4.3T	35.6x	9.5x	104.3%	+6.8%	+50.1%	بيع
ABNB	Airbnb Inc.	84B	34.7x	6.6x	15.9%	+29.9%	+14.9%	احتفاظ
ADBE	Adobe Inc.	102.3B	14.8x	4.2x	63.3%	+12.3%	-34.3%	شراء قوي

Questions

About DOCU

Hub-level FAQ points readers to the deeper analysis pages.

What is the current DOCU stock rating?

DocuSign, Inc. is currently shown with Sell in the latest report. The hub links directly to the full analysis surface where the rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full DOCU analysis?

The full report lives at /stocks/DOCU/analysis. The bare ticker page is a product hub that summarizes the latest read and sends readers into the relocated analysis tabs without making the analysis surface depend on the hub.

What fair-value range is used for DOCU?

The latest report frames DOCU around $21 to $36. Treat that range as the entry point, then check the valuation, sensitivity, and bear-case tabs before making an investment decision.

How often is the DOCU page updated?

The hub updates with the latest published stock report and live backend market data. The analysis pages remain reachable under /analysis, so a hub rollback does not remove the report reader.