DoximityDOCS +1.25%82 Debt-to-Equity is 0.01 as of Mar. 2026, which is 50% below its 10-year median of 0.02. GuruFocus rates DOCS with a GF Score™ of 82/100 and a GF Value™ of $49.24 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 557 Healthcare Providers & Services companies, Doximity ranks better than 99.82% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Doximity's Debt-to-Equity or its related term are showing as below:
DOCS'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 2.01
Current: 0.01
During the past 8 years, the highest Debt-to-Equity Ratio of Doximity was 2.01. The lowest was 0.00. And the median was 0.02.
DOCS's Debt-to-Equity is ranked better than 99.82% of 557
companies
in the Healthcare Providers & Services industry
Industry Median: 0.4
vs DOCS: 0.01
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Doximity Debt-to-Equity Related Terms
Doximity Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Doximity's Debt-to-Equity 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.
DOCS vs WAY, PRVA, HTFL: Debt-to-Equity Comparison
For the Health Information Services subindustry, Doximity's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Doximity Debt-to-Equity vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Doximity's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Doximity's Debt-to-Equity falls into.
* 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.
Doximity (DOCS) has a Debt-to-Equity of 0.01 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Doximity and its competitors. This is 50% below median its historical median of 0.02. According to the industry distribution chart, Doximity ranks #1 out of 557 companies in the Healthcare Providers & Services industry, placing it in the top 0.2%.
Is Doximity's Debt-to-Equity too high?
Doximity's current Debt-to-Equity of 0.01 is 50% below median its 10-year median of 0.02. The Healthcare Providers & Services industry median Debt-to-Equity is 0.40. Doximity's value of 0.01 is 97.5% below this industry median. Based on the distribution chart, Doximity ranks #1 out of 557 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Doximity has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Doximity's Debt-to-Equity compare to WAY and PRVA?
According to the Healthcare Providers & Services industry distribution chart, Doximity ranks #1 out of 557 companies for Debt-to-Equity. This places Doximity in the top 0% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.40. Doximity's value of 0.01 is 97.5% below this benchmark. While the company's 10-year median is 0.02 vs. the industry median of 0.40, Doximity has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Healthcare Providers & Services company?
The median Debt-to-Equity among Healthcare Providers & Services companies is 0.40, based on 557 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Doximity's current Debt-to-Equity of 0.01 is 97.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Doximity and its competitors. For the Healthcare Providers & Services industry, the median Debt-to-Equity is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Doximity's current Debt-to-Equity is 0.01, which is 50% below median its own 10-year median of 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Doximity stock overvalued right now?
Based on GuruFocus' analysis, Doximity (DOCS) is currently considered Significantly Undervalued. The stock's GF Value™ is $49.24, compared to a current price of $21.86 — trading 55.6% below its estimated fair value. The current Debt-to-Equity is 0.01, which is 50% below median its 10-year median of 0.02 and 97.5% below the Healthcare Providers & Services industry median of 0.40. Doximity's overall GF Score™ is 82/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Doximity (DOCS), the current Debt-to-Equity is 0.01 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Doximity (DOCS) Overvalued in 2026?
Based on GuruFocus' analysis, Doximity stock appears to be undervalued.
The current stock price of $21.86 is trading 55.6% below its estimated GF Value™ of $49.24.
GuruFocus considers Doximity to be Significantly Undervalued.
Key valuation signals for DOCS:
Debt-to-Equity: 0.01 (50% below median its 10-year median of 0.02)
GF Value™: $49.24 vs. price of $21.86 (55.6% below fair value)
Industry Position: 97.5% below the Healthcare Providers & Services median (#1 of 557)
No single metric tells the full story. See the DOCS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Doximity Inc provides an online platform, which enables physicians and other healthcare professionals to collaborate with colleagues, stay up to date with the latest medical news and research, manage their careers and on-call schedules, streamline documentation and administrative paperwork, and conduct virtual patient visits. The Company's customers include pharmaceutical companies and health systems that connect with healthcare professionals through the Company's digital Marketing, Hiring, and Workflow Solutions. Marketing Solutions provide customers with the ability to share tailored content on the network. Hiring Solutions enable customers to identify, connect with, and hire from the network of both active and passive potential medical professional candidates.
82GF Score
Get the complete analysis for DOCS
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
DOCS has been successfully added to your 
