DigitalOcean Holdings, Inc.

SWX:DOCN Stock Report

Market Cap: CHF 11.8b

DigitalOcean Holdings Valuation

Is DOCN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DOCN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: DOCN (CHF106.14) is trading below our estimate of future cash flow value (CHF113.53)

Significantly Below Future Cash Flow Value: DOCN is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DOCN?

Key metric: As DOCN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DOCN. This is calculated by dividing DOCN's market cap by their current earnings.
What is DOCN's PE Ratio?
PE Ratio61.5x
EarningsUS$235.24m
Market CapUS$14.46b

Price to Earnings Ratio vs Peers

How does DOCN's PE Ratio compare to its peers?

The above table shows the PE ratio for DOCN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.8x
TEMN Temenos
29.7x12.06%CHF 4.7b
300442 Range Intelligent Computing Technology Group
18.5x1.67%CN¥99.5b
AKAM Akamai Technologies
37.3x15.86%US$15.3b
GDDY GoDaddy
13.6x11.24%US$12.4b
DOCN DigitalOcean Holdings
61.5x-25.84%CHF 14.5b

Price-To-Earnings vs Peers: DOCN is expensive based on its Price-To-Earnings Ratio (61.5x) compared to the peer average (24.8x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does DOCN's PE Ratio compare vs other companies in the European IT Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
DOCN 61.5xIndustry Avg. 18.1xNo. of Companies23PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DOCN is expensive based on its Price-To-Earnings Ratio (61.5x) compared to the European IT industry average (18.1x).

Price to Earnings Ratio vs Fair Ratio

What is DOCN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DOCN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio61.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DOCN's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DOCN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 106.14
CHF 142.43
+34.19%
10.60%CHF 162.59CHF 113.81n/a15
Sep ’27CHF 88.28
CHF 140.92
+59.62%
10.60%CHF 160.86CHF 112.60n/a15
Aug ’27CHF 96.59
CHF 142.97
+48.01%
8.97%CHF 161.67CHF 125.30n/a14
Jul ’27CHF 118.84
CHF 142.13
+19.60%
9.84%CHF 159.01CHF 107.33n/a13
Jun ’27n/a
CHF 138.38
0%
9.70%CHF 156.36CHF 105.55n/a12
May ’27n/a
CHF 78.21
0%
19.08%CHF 94.55CHF 44.54n/a12
Apr ’27n/a
CHF 64.75
0%
20.21%CHF 83.86CHF 45.52n/a12
Mar ’27n/a
CHF 58.36
0%
11.17%CHF 66.47CHF 44.06n/a12
Feb ’27n/a
CHF 42.83
0%
13.59%CHF 54.90CHF 35.84n/a12
Jan ’27n/a
CHF 42.76
0%
11.32%CHF 51.70CHF 37.39n/a12
Dec ’26n/a
CHF 42.34
0%
10.19%CHF 47.64CHF 37.32n/a12
Nov ’26n/a
CHF 33.88
0%
17.41%CHF 44.37CHF 25.81n/a11
Oct ’26n/a
CHF 33.11
0%
16.35%CHF 43.78CHF 25.47n/a10
Sep ’26n/a
CHF 33.33
0%
16.35%CHF 44.07CHF 25.64CHF 88.2810
Aug ’26n/a
CHF 30.89
0%
17.01%CHF 43.77CHF 24.67CHF 96.5911
Jul ’26n/a
CHF 31.43
0%
16.65%CHF 44.91CHF 25.31CHF 118.8412
Jun ’26n/a
CHF 31.59
0%
16.83%CHF 45.72CHF 25.77n/a13
May ’26n/a
CHF 33.83
0%
16.53%CHF 44.47CHF 25.06n/a13
Apr ’26n/a
CHF 41.04
0%
12.93%CHF 49.66CHF 27.99n/a13
Mar ’26n/a
CHF 41.04
0%
12.93%CHF 49.66CHF 27.99n/a13
Feb ’26n/a
CHF 37.91
0%
15.70%CHF 49.73CHF 25.32n/a13
Jan ’26n/a
CHF 35.16
0%
14.55%CHF 41.44CHF 24.17n/a11
Dec ’25n/a
CHF 35.16
0%
14.55%CHF 41.44CHF 24.17n/a11
Nov ’25n/a
CHF 34.74
0%
17.52%CHF 41.59CHF 21.66n/a11
Oct ’25n/a
CHF 31.96
0%
16.47%CHF 39.91CHF 21.23n/a11
Sep ’25n/a
CHF 32.54
0%
16.47%CHF 40.63CHF 21.61n/a11
CHF 151.25
Fair Value
29.8% undervalued intrinsic discount
15
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/13 03:23
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

DigitalOcean Holdings, Inc. is covered by 21 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert OliverBaird
Raimo LenschowBarclays
Wamsi MohanBofA Global Research