DOCU (Docusign) Goodwill-to-Asset: 0.12 (As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

DOCU Docusign Inc DOCU
66 GF Score
Price $49.87
GF Value $73.17
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Docusign Goodwill-to-Asset?

Docusign DOCU +1.40% 66 Goodwill-to-Asset is 0.12 as of Apr. 2026. GuruFocus rates DOCU with a GF Score™ of 66/100 and a GF Value™ of $73.17 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Docusign's Goodwill for the quarter that ended in Apr. 2026 was $459 Mil. Docusign's Total Assets for the quarter that ended in Apr. 2026 was $3,984 Mil. Therefore, Docusign's Goodwill to Asset Ratio for the quarter that ended in Apr. 2026 was 0.12.


Docusign  (NAS:DOCU) Goodwill-to-Asset Explanation

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


Docusign Goodwill-to-Asset Related Terms


Docusign Goodwill-to-Asset Historical Data

* Premium members only.

The historical data trend for Docusign's Goodwill-to-Asset 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 Goodwill-to-Asset Chart

Docusign Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Goodwill-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.12 0.12 0.11 0.11

Docusign Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Goodwill-to-Asset 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 0.12 0.12 0.12 0.11 0.12

DOCU vs BSY, MANH, HUBS: Goodwill-to-Asset Comparison

For the Software - Application subindustry, Docusign's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset 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 Goodwill-to-Asset vs Software Industry

For the Software industry and Technology sector, Docusign's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Docusign's Goodwill-to-Asset falls into.


DOCU
66GF Score
Docusign Inc DOCU
Goodwill-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Docusign Goodwill-to-Asset Calculation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Docusign's Goodwill to Asset Ratio for the fiscal year that ended in Jan. 2026 is calculated as

Goodwill to Asset (A: Jan. 2026 )=Goodwill/Total Assets
=458.446/4229.55
=0.11

Docusign's Goodwill to Asset Ratio for the quarter that ended in Apr. 2026 is calculated as

Goodwill to Asset (Q: Apr. 2026 )=Goodwill/Total Assets
=459.148/3984.005
=0.12

* 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.

Frequently Asked Questions Learn more about Goodwill-to-Asset →
What does a Goodwill-to-Asset of 0.12 mean?
Docusign (DOCU) has a Goodwill-to-Asset of 0.12 as of Apr. 2026. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Docusign and its competitors.
Is Docusign's Goodwill-to-Asset too high?
Docusign's current Goodwill-to-Asset is 0.12. 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 Goodwill-to-Asset compare to BSY and MANH?
Docusign's Goodwill-to-Asset of 0.12 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Goodwill-to-Asset for a Software company?
A good Goodwill-to-Asset depends on the Software industry context. However, Goodwill-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Goodwill-to-Asset mean?
A high Goodwill-to-Asset can signal that a stock is expensive relative to its fundamentals. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Docusign and its competitors. Docusign's current Goodwill-to-Asset is 0.12. 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 $73.17, compared to a current price of $49.87 — trading 31.8% below its estimated fair value. The current Goodwill-to-Asset is 0.12. 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 Goodwill-to-Asset calculated?
Goodwill-to-Asset is calculated from a company's financial statements. For Docusign (DOCU), the current Goodwill-to-Asset is 0.12 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 $49.87 is trading 31.8% below its estimated GF Value™ of $73.17. GuruFocus considers Docusign to be Significantly Undervalued.

Key valuation signals for DOCU:

  • Goodwill-to-Asset: 0.12
  • GF Value™: $73.17 vs. price of $49.87 (31.8% below fair value)
  • GF Score™: 66/100 with 4 warning signs

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 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.
66GF Score

Get the complete analysis for DOCU

Goodwill-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$49.87
Price
$73.17
GF Value