# DocuSign Inc. (DOCU) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Software. Price $68.41, market value $12.8 billion.

## Valuation
- **P/E (trailing): 41.7×** (5-yr avg 74.6×, 3-yr avg 74.6×). DocuSign Inc. trades at 41.7× trailing earnings, well below its own five-year average of 74.6×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 13.2×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 3.8×**. Each dollar of revenue is priced at 3.8×.
- **Price / book: 7.5×**. The shares trade at 7.5× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 9.4%** (5-yr avg 5.3%). Free cash flow equals 9.4% of the market value, above its five-year average of 5.3%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 2.4%**. The inverse of the P/E: 2.4% of the price is earned each year.

## Profitability
- **Gross margin: 79.5%**. DocuSign Inc. keeps 79.5% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 12.0%**. 12.0% of revenue is left after running the business.
- **Net margin: 9.6%**. 9.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 16.1%**. 16.1% on shareholders' equity is solid.
- **Return on assets: 7.8%**. Each dollar of assets produces 7.8% of profit.

## Growth
- **Revenue growth (1 yr): 8.2%** (3-yr 8.6%/yr, 5-yr 17.2%/yr). Revenue grew 8.2% over the last year, against 17.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -70.9%**. Earnings per share fell 70.9%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 35.1%/yr**. Free cash flow has compounded at 35.1% a year over three years.

## Financial health
- **Current ratio: 0.73** (quick 0.73). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 4.79**. A Z-score of 4.79 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. DocuSign Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: hold** (17 analysts). 17 analysts cover DocuSign Inc.; the consensus is hold, with an average price target of $57.88 (-15% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -10.3%** (YTD 0.0%, 3-mo 44.8%). The shares are down 10.3% over twelve months including dividends.
- **From 52-week high: -21.1%** (70.3% above the low). Trading 21% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 68**. An RSI of 68 is neutral.
- **Beta (1 yr): 0.73** (volatility 49%). Beta of 0.73 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=DOCU · Page: https://foliofundamentals.com/stocks/docu

Not investment advice.