DOCU

Strong BuyPremium GrowerAI neutral

DocuSign, Inc. · Technology · United States · $9.3B cap · $255.6M/day traded

$85.27 +1.0% · close 23 Oct · scored 24 Oct

Premium Grower: Strong business with the market behind it, priced at a premium.

92
StockRank
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Report expected 3 Dec: the next-year EPS estimate has risen 2.2% over the last 14 weeks.

Quality
76
Value
38
Momentum
82

As of 24 Oct 2026, MoatMap's StockRank for DocuSign, Inc. (DOCU) is 92/100, ranked against 24,000+ stocks in 35 markets (Quality 76, Value 38, Momentum 82, each scored against its sector).

Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →

P/E (TTM)
52.0x
peers 32.6x
ROE
17.8%
peers 4.7%
D/E
0.1x
peers 0.3x
Dividend %
—
trailing yield
AI CONVICTION THESIS

DocuSign is the leading electronic signature provider and is trying to grow into broader contract management with AI tools, and it recently raised its annual forecast. It has high gross margins, strong free cash flow and an active buyback. However, much of its revenue is priced per user, the category most exposed to AI agents that can draft and execute agreements, and core signature growth is slow. Insiders have sold about $10.9 million of stock in the past 90 days.

ABOUT DOCUSIGN, INC.

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DocuSign, Inc. provides cloud-based software for preparing, signing, acting on, and managing agreements digitally, with its e-signature solution widely used across industries. The company is the global market leader in e-signature technology, benefiting from strong brand recognition, a vast user base, and network effects, which, combined with robust security and integration capabilities, create high switching costs and a strong competitive moat.

FINANCIAL SUMMARY (USD)

Year2023202420252026CAGRTTM2027E2028EFwd CAGR
Revenue2.5B2.8B3.0B3.2B8.6%3.4B3.5B3.8B8.4%
EPS-0.490.365.231.53106.2%1.641.842.0816.5%
Shares201.9M205.3M202.5M197.8M-2.0%186.9M———
Debt888.3M143.1M124.4M185.1M-40.7%183.1M———
Equity617.3M1.1B2.0B1.9B45.9%————
Op CF506.8M979.5M1.0B1.2B32.0%1.3B———
Inv CF-191.2M44.6M-312.9M-126.8M—————
Fin CF-98.3M-946.0M-838.8M-1.1B—————
Loading 1Y...
PRICE (1Y) · USD+22.2%
66.871.476.080.685.314 Sep5 Oct23 Oct
SMA 50SMA 200

Price checkIn an uptrendExperimental

Above its 200-day average and at its 52-week high.

SwingsBumpy

Swung more than 61% of stocks we rank over the past year (48% a year).

How this is worked out

StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.

The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.

In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
$85.27
RSI (14)
79.9
52-Week Range-0.1% from high
Low $40.16High $85.39

SCORE BREAKDOWN

Quality
76
ROIC
18.0%79.1
ROE
17.8%76.1
GP/Assets
63.3%93.9
Op. Margin
13.4%70.2
FCF/Assets
26.5%97.3
Piotroski
659.3
Int. Cover
50.0x84.9
D/E Ratio
0.11x62.7
Current Ratio
0.64x3.0
Value
38
P/E (TTM)
52.0x30.6
EV/EBITDA
34.7x30.0
P/FCF
8.3x78.1
P/B
9.3x15.4
P/S
4.7x38.3
Div Yield
—N/A
Momentum
82
52W High %
100%99.7
RS 6M
77%94.3
SMA 50/200
1.27x90.7
EPS Rev 4W
+0.1%67.4
EPS Rev 12W
+2.2%71.0
EPS Improve
+218%81.6
Q Growth
23%43.4

FUNDAMENTALS

Market Cap
$9.3B
P/E (Forward)
16.4x
Gross Margin
79.6%

SECTOR PEERS

Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of DOCU are excluded.

TickerCompanyMkt CapStockRankSignal
DOCUDocuSign, Inc.(you)$9.3B92Strong Buy
PCTYPaylocity Holding Corporation$9.2B91Strong Buy
RNGRingCentral, Inc.$7.0B96Strong Buy
PAYCPaycom Software, Inc.$12.4B87Strong Buy
APPFAppFolio, Inc.$7.5B80Buy
DAVEDave Inc.$4.5B89Strong Buy
QTWOQ2 Holdings, Inc.$4.3B88Strong Buy
SPSCSPS Commerce, Inc.$3.3B92Strong Buy
PTCPTC Inc.$21.1B87Strong Buy
MANHManhattan Associates, Inc.$13.9B79Buy

Peer medians: ROE 4.7% · P/E 32.6x · Gross margin 52.1%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

Request Deep Dive(50 Feathers)

DocuSign, Inc. (DOCU): Stock Score Summary

DocuSign, Inc. (DOCU) has a MoatMap StockRank of 92/100 based on Quality (76/100), Value (38/100), and Momentum (82/100) factor scores. The current signal is STRONG BUY. DocuSign is the leading electronic signature provider and is trying to grow into broader contract management with AI tools, and it recently raised its annual forecast. It has high gross margins, strong free cash flow and an active buyback. However, much of its revenue is priced per user, the category most exposed to AI agents that can draft and execute agreements, and core signature growth is slow. Insiders have sold about $10.9 million of stock in the past 90 days.

DocuSign, Inc. provides cloud-based software for preparing, signing, acting on, and managing agreements digitally, with its e-signature solution widely used across industries. The company is the global market leader in e-signature technology, benefiting from strong brand recognition, a vast user base, and network effects, which, combined with robust security and integration capabilities, create high switching costs and a strong competitive moat.

Key Financial Metrics

Price$85.27
Market Cap$9.3B
P/E (TTM)51.99
P/E (Forward)16.37
Price/Book9.34
Return on Equity17.8%
Return on Invested Capital18.0%
Debt/Equity0.11x
Gross Margin79.6%
Operating Margin13.4%
Revenue Growth9.4%
Free Cash Flow$1.1B

DocuSign, Inc. operates in the Software - Application industry, part of the Technology sector (United States).

Frequently Asked Questions

What is DocuSign, Inc.’s (DOCU) StockRank?
MoatMap’s StockRank for DocuSign, Inc. (DOCU) is 92/100, with a Strong Buy signal. It is a composite of Quality (76), Value (38), and Momentum (82), each scored against its sector. The composite is then ranked across MoatMap’s universe of 24,000+ stocks.
Does DocuSign, Inc. have an economic moat?
DocuSign, Inc. (DOCU) has a Quality factor score of 76/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is DocuSign, Inc. a buy, hold, or sell?
MoatMap’s current signal for DocuSign, Inc. (DOCU) is Strong Buy, based on a StockRank of 92/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is DocuSign, Inc. in?
DocuSign, Inc. (DOCU) operates in the Technology sector, specifically the Software - Application industry (United States).