DocusignDOCU +3.26%66 Earnings Yield (Joel Greenblatt) % is 4.78% as of Apr. 2026. GuruFocus rates DOCU with a GF Score™ of 66/100 and a GF Value™ of $73.06 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,902 Software companies, Docusign ranks better than 62.27% on this metric.
Docusign's Enterprise Value for the quarter that ended in Apr. 2026 was $8,248 Mil.
Docusign's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 was $394 Mil. Docusign's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2026 was 4.78%.
The historical rank and industry rank for Docusign's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
DOCU'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -24.33 Med: -0.42 Max: 4.98
Current: 4.54
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Docusign was 4.98%. The lowest was -24.33%. And the median was -0.42%.
DOCU's Earnings Yield (Joel Greenblatt) % is ranked better than 62.27% of 2902
companies
in the Software industry
Industry Median: 1.955
vs DOCU: 4.54
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Docusign's Forward Rate of Return (Yacktman) % for the quarter that ended in Apr. 2026 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Docusign Earnings Yield (Joel Greenblatt) % Related Terms
Docusign Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Docusign's Earnings Yield (Joel Greenblatt) % 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.
For the Software - Application subindustry, Docusign's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Docusign's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Docusign's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Docusigns Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2026 is calculated as
Docusign's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $394 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 4.78% mean?
Docusign (DOCU) has a Earnings Yield (Joel Greenblatt) % of 4.78% as of Apr. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Docusign and its competitors. According to the industry distribution chart, Docusign ranks #1095 out of 2902 companies in the Software industry, placing it in the top 37.7%.
Is Docusign's Earnings Yield (Joel Greenblatt) % too high?
Docusign's current Earnings Yield (Joel Greenblatt) % is 4.78%. The Software industry median Earnings Yield (Joel Greenblatt) % is 1.96. Docusign's value of 4.78% is 144.5% above this industry median. Based on the distribution chart, Docusign ranks #1095 out of 2902 companies in the Software industry, which is above the industry midpoint. Overall, Docusign has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Docusign's Earnings Yield (Joel Greenblatt) % compare to BSY and MANH?
According to the Software industry distribution chart, Docusign ranks #1095 out of 2902 companies for Earnings Yield (Joel Greenblatt) %. This puts Docusign in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 1.96. Docusign's value of 4.78% is 144.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Software company?
The median Earnings Yield (Joel Greenblatt) % among Software companies is 1.96, based on 2,902 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Docusign's current Earnings Yield (Joel Greenblatt) % of 4.78% is 144.5% above 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Docusign and its competitors. For the Software industry, the median Earnings Yield (Joel Greenblatt) % is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Docusign's current Earnings Yield (Joel Greenblatt) % is 4.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Docusign stock overvalued right now?
Based on GuruFocus' analysis, Docusign (DOCU) is currently considered Significantly Undervalued. The stock's GF Value™ is $73.06, compared to a current price of $48.76 — trading 33.3% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 4.78% and 144.5% above the Software industry median of 1.96. Docusign's overall GF Score™ is 66/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Docusign (DOCU), the current Earnings Yield (Joel Greenblatt) % is 4.78% as of Apr. 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 Docusign (DOCU) Overvalued in 2026?
Based on GuruFocus' analysis, Docusign stock appears to be undervalued.
The current stock price of $48.76 is trading 33.3% below its estimated GF Value™ of $73.06.
GuruFocus considers Docusign to be Significantly Undervalued.
Key valuation signals for DOCU:
Earnings Yield (Joel Greenblatt) %: 4.78%
GF Value™: $73.06 vs. price of $48.76 (33.3% below fair value)
Industry Position: 144.5% above the Software median (#1095 of 2902)
No single metric tells the full story. See the DOCU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
66GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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