DoubleVerify Holdings, Inc.

NYSE:DV Stock Report

Market Cap: US$3.4b

DoubleVerify Holdings Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair 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 DV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DV ($20.25) is trading below our estimate of fair value ($43.42)

Significantly Below Fair Value: DV is trading below fair value by more than 20%.


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

DV key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.4x
Enterprise Value/EBITDA28x
PEG Ratio2.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average58.1x
RIOT Riot Platforms
24.6x-51.4%US$3.5b
ESMT EngageSmart
155.8x37.9%US$3.9b
IDCC InterDigital
16.3x-26.8%US$3.1b
AGYS Agilysys
35.5x-61.9%US$2.9b
DV DoubleVerify Holdings
52.4x20.8%US$3.4b

Price-To-Earnings vs Peers: DV is good value based on its Price-To-Earnings Ratio (52.4x) compared to the peer average (58.1x).


Price to Earnings Ratio vs Industry

How does DV's PE Ratio compare vs other companies in the US Software Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: DV is expensive based on its Price-To-Earnings Ratio (52.4x) compared to the US Software industry average (41x).


Price to Earnings Ratio vs Fair Ratio

What is DV'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.

DV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio52.4x
Fair PE Ratio41.1x

Price-To-Earnings vs Fair Ratio: DV is expensive based on its Price-To-Earnings Ratio (52.4x) compared to the estimated Fair Price-To-Earnings Ratio (41.1x).


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 DV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$20.25
US$28.82
+42.3%
23.3%US$40.00US$18.00n/a17
Jul ’25US$19.74
US$29.00
+46.9%
22.3%US$40.00US$18.00n/a18
Jun ’25US$18.20
US$30.06
+65.1%
22.0%US$40.00US$18.00n/a18
May ’25US$29.72
US$41.13
+38.4%
9.8%US$49.00US$30.00n/a20
Apr ’25US$34.07
US$41.18
+20.9%
9.8%US$49.00US$30.00n/a20
Mar ’25US$31.45
US$41.18
+30.9%
9.8%US$49.00US$30.00n/a20
Feb ’25US$40.66
US$41.65
+2.4%
9.4%US$48.00US$32.00n/a21
Jan ’25US$36.78
US$39.67
+7.8%
11.4%US$48.00US$30.00n/a18
Dec ’24US$33.40
US$39.65
+18.7%
11.7%US$48.00US$30.00n/a17
Nov ’24US$27.57
US$40.12
+45.5%
13.5%US$48.00US$30.00n/a17
Oct ’24US$27.95
US$41.88
+49.8%
13.4%US$50.00US$30.00n/a17
Sep ’24US$32.74
US$44.06
+34.6%
10.5%US$50.00US$30.00n/a16
Aug ’24US$35.90
US$44.47
+23.9%
10.1%US$50.00US$30.00n/a15
Jul ’24US$38.92
US$37.50
-3.6%
12.9%US$48.00US$30.00US$19.7414
Jun ’24US$34.75
US$35.15
+1.2%
6.3%US$40.00US$30.00US$18.2013
May ’24US$28.91
US$34.46
+19.2%
7.3%US$40.00US$30.00US$29.7213
Apr ’24US$30.15
US$34.33
+13.9%
7.6%US$40.00US$30.00US$34.0712
Mar ’24US$26.01
US$31.45
+20.9%
9.2%US$36.00US$26.00US$31.4511
Feb ’24US$27.20
US$31.45
+15.6%
9.2%US$36.00US$26.00US$40.6611
Jan ’24US$21.96
US$31.55
+43.6%
10.5%US$36.00US$25.00US$36.7811
Dec ’23US$27.16
US$31.55
+16.1%
10.5%US$36.00US$25.00US$33.4011
Nov ’23US$28.89
US$31.64
+9.5%
9.9%US$36.00US$26.00US$27.5711
Oct ’23US$27.35
US$31.73
+16.0%
9.4%US$36.00US$26.00US$27.9511
Sep ’23US$25.86
US$31.73
+22.7%
9.4%US$36.00US$26.00US$32.7411
Aug ’23US$22.62
US$30.73
+35.8%
16.5%US$41.00US$21.00US$35.9011
Jul ’23US$23.62
US$30.90
+30.8%
17.0%US$41.00US$21.00US$38.9210

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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