DoubleVerify HoldingsDV -0.86%82 Beneish M-Score is -2.86 as of Jun. 25, 2026. GuruFocus rates DV with a GF Score™ of 82/100 and a GF Value™ of $25.51 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 989 Media - Diversified companies, DoubleVerify Holdings ranks better than 69.87% on this metric.
The zones of discrimination for M-Score is as such:
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Good Sign:
Beneish M-Score -2.86 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for DoubleVerify Holdings's Beneish M-Score or its related term are showing as below:
DV'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.03 Med: -2.57 Max: -2.18
Current: -2.86
During the past 8 years, the highest Beneish M-Score of DoubleVerify Holdings was -2.18. The lowest was -3.03. And the median was -2.57.
DoubleVerify Holdings Beneish M-Score Related Terms
DoubleVerify Holdings Beneish M-Score Historical Data
* Premium members only.
The historical data trend for DoubleVerify Holdings's Beneish M-Score 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 Advertising Agencies subindustry, DoubleVerify Holdings's Beneish M-Score, along with its competitors' market caps and Beneish M-Score 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.
DoubleVerify Holdings Beneish M-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, DoubleVerify Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where DoubleVerify Holdings's Beneish M-Score falls into.
The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.
The M-Score Variables:
The M-score of DoubleVerify Holdings for today is based on a combination of the following eight different indices:
M
=
-4.84
+
0.92 * DSRI
+
0.528 * GMI
+
0.404 * AQI
+
0.892 * SGI
+
0.115 * DEPI
=
-4.84
+
0.92 * 0.9299
+
0.528 * 1.0002
+
0.404 * 0.9492
+
0.892 * 1.1217
+
0.115 * 0.9007
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9962
+
4.679 * -0.094546
-
0.327 * 0.8601
=
-2.86
* 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.
Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.
DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.
DEPI
=
(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))
/
(Depreciation_t / (Depreciaton_t + PPE_t))
=
(46.674 / (46.674 + 154.056))
/
(59.531 / (59.531 + 171.079))
=
0.232521
/
0.258146
=
0.9007
Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.
6. SGAI = Sales, General and Administrative expenses Index
Total accruals calculated as the change in working capital accounts other than cash less depreciation.
TATA
=
(IncomefromContinuingOperations_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(NetIncome_t - NonOperatingIncome_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(54.699 - -2.502
-
177.691)
/
1274.407
=
-0.094546
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
DoubleVerify Holdings has a M-score of -2.86 suggests that the company is unlikely to be a manipulator.
DoubleVerify Holdings (DV) has a Beneish M-Score of -2.86 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on DoubleVerify Holdings and its competitors. According to the industry distribution chart, DoubleVerify Holdings ranks #298 out of 989 companies in the Media - Diversified industry, placing it in the top 30.1%.
Is DoubleVerify Holdings' Beneish M-Score too high?
DoubleVerify Holdings' current Beneish M-Score is -2.86. Based on the distribution chart, DoubleVerify Holdings ranks #298 out of 989 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, DoubleVerify Holdings has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DoubleVerify Holdings' Beneish M-Score compare to ZD and STGW?
According to the Media - Diversified industry distribution chart, DoubleVerify Holdings ranks #298 out of 989 companies for Beneish M-Score. This puts DoubleVerify Holdings in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified industry context. However, Beneish M-Score 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 Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on DoubleVerify Holdings and its competitors. DoubleVerify Holdings's current Beneish M-Score is -2.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DoubleVerify Holdings stock overvalued right now?
Based on GuruFocus' analysis, DoubleVerify Holdings (DV) is currently considered Significantly Undervalued. The stock's GF Value™ is $25.51, compared to a current price of $10.35 — trading 59.4% below its estimated fair value. The current Beneish M-Score is -2.86. DoubleVerify Holdings' overall GF Score™ is 82/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For DoubleVerify Holdings (DV), the current Beneish M-Score is -2.86 as of Jun. 25, 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 DoubleVerify Holdings (DV) Overvalued in 2026?
Based on GuruFocus' analysis, DoubleVerify Holdings stock appears to be undervalued.
The current stock price of $10.35 is trading 59.4% below its estimated GF Value™ of $25.51.
GuruFocus considers DoubleVerify Holdings to be Significantly Undervalued.
Key valuation signals for DV:
Beneish M-Score: -2.86
GF Value™: $25.51 vs. price of $10.35 (59.4% below fair value)
No single metric tells the full story. See the DV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DoubleVerify Holdings Inc is a media effectiveness platform that leverages artificial intelligence (AI) to drive superior outcomes for international brands by creating transparent ad transactions. Its solutions provide unbiased data analytics to improve the effectiveness, quality and return on advertising investments. DV Authentic Ad is its proprietary metric measuring whether an ad was delivered in a brand suitable environment, fully viewable, by a real person and in geography, while DV Pinnacle delivers these metrics in real time. The Company's solutions are integrated across programmatic platforms, social media channels and digital publishers, and are accredited by the Media Rating Council for digital ad measurement. It operates in the United States and international markets.
82GF Score
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