Docusign (BUE:DOCU) Cyclically Adjusted PS Ratio: (As of Sep. 15, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Docusign Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Docusign  (BUE:DOCU) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Docusign Cyclically Adjusted PS Ratio Related Terms


Docusign Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Docusign's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Docusign Cyclically Adjusted PS Ratio Chart

Docusign Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Docusign Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 4.15

BUE:DOCU vs FROG, CHYM, HUBS: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Docusign's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Docusign Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Docusign's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Docusign's Cyclically Adjusted PS Ratio falls into.



Docusign Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Docusign's Cyclically Adjusted Revenue per Share for the quarter that ended in Jul. 2026 is calculated as:

For example, Docusign's adjusted Revenue per Share data for the three months ended in Jul. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=6752.298/333.9180*333.9180
=6,752.298

Current CPI (Jul. 2026) = 333.9180.

Docusign Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201601 0.000 236.916 0.000
201701 0.000 242.839 0.000
201704 54.125 244.524 73.912
201707 70.642 244.786 96.364
201710 71.534 246.663 96.839
201801 19.209 247.867 25.878
201804 86.232 250.546 114.927
201807 29.047 252.006 38.488
201810 43.900 252.885 57.967
201901 44.824 251.712 59.463
201904 53.807 255.548 70.308
201907 57.052 256.571 74.251
201910 80.580 257.346 104.556
202001 90.960 257.971 117.739
202004 104.634 256.389 136.274
202007 130.525 259.101 168.215
202010 156.601 260.388 200.823
202101 191.958 261.582 245.041
202104 221.570 267.054 277.046
202107 250.077 273.003 305.877
202110 272.653 276.589 329.166
202201 300.130 281.148 356.463
202204 327.624 289.109 378.402
202207 388.908 296.276 438.319
202210 472.127 298.012 529.011
202301 577.723 299.170 644.824
202304 562.143 303.363 618.763
202307 847.916 305.691 926.211
202310 1,178.287 307.671 1,278.805
202401 2,731.473 308.417 2,957.321
202404 2,899.099 313.548 3,087.442
202407 3,226.483 314.540 3,425.258
202410 3,508.167 315.664 3,711.035
202501 3,847.533 317.671 4,044.312
202504 4,180.487 320.795 4,351.501
202507 5,009.789 323.048 5,178.360
202510 5,661.636 0.000
202601 5,904.931 325.252 6,062.262
202604 5,877.712 333.020 5,893.561
202607 6,752.298 333.918 6,752.298

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Docusign Business Description

Address 221 Main Street, Suite 800, San Francisco, CA, USA, 94105
Docusign offers Agreement Cloud, a broad cloud-based software suite that enables users to automate the agreement process and provide legally binding e-signatures from nearly any device. The company was founded in 2003 and completed its initial public offering in 2018.