DocusignDOCU -0.54%66 PB Ratio is 4.86 as of Jul. 05, 2026, which is 68% below its 10-year median of 15.19. GuruFocus rates DOCU with a GF Score™ of 66/100 and a GF Value™ of $72.92 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,627 Software companies, Docusign ranks worse than 76.02% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-05), Docusign's share price is $45.77. Docusign's Book Value per Share for the quarter that ended in Apr. 2026 was $9.43. Hence, Docusign's PB Ratio of today is 4.86.
Good Sign:
Docusign Inc stock PB Ratio (=4.86) is close to 10-year low of 4.42.
The historical rank and industry rank for Docusign's PB Ratio or its related term are showing as below:
DOCU'
s PB Ratio Range Over the Past 10 Years
Min: 4.42 Med: 15.19 Max: 287.62
Current: 4.86
During the past 11 years, Docusign's highest PB Ratio was 287.62. The lowest was 4.42. And the median was 15.19.
DOCU's PB Ratio is ranked worse than 76.02% of 2627
companies
in the Software industry
Industry Median: 2.42
vs DOCU: 4.86
During the past 12 months, Docusign's average Book Value Per Share Growth Rate was -5.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 46.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 54.50% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Docusign was 92.50% per year. The lowest was -27.40% per year. And the median was 46.90% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Docusign PB Ratio Related Terms
Docusign PB Ratio Historical Data
* Premium members only.
The historical data trend for Docusign's PB 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.
For the Software - Application subindustry, Docusign's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Software Industry
For the Software industry and Technology sector, Docusign's PB Ratio distribution charts can be found below:
* The bar in red indicates where Docusign's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Docusign's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Docusign (DOCU) has a PB Ratio of 4.86 as of Jul. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Docusign and its competitors. This is 68% below median its historical median of 15.19. Over the past decade, Docusign's PB Ratio has ranged from 4.42 to 287.62. According to the industry distribution chart, Docusign ranks #1997 out of 2627 companies in the Software industry, placing it in the top 76%.
Is Docusign's PB Ratio too high?
Docusign's current PB Ratio of 4.86 is 68% below median its 10-year median of 15.19. Over the past 10 years, this metric has ranged from a low of 4.42 to a high of 287.62. The Software industry median PB Ratio is 2.42. Docusign's value of 4.86 is 100.8% above this industry median. Based on the distribution chart, Docusign ranks #1997 out of 2627 companies in the Software industry, which is in the bottom quartile relative to peers. 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 PB Ratio compare to BSY and MANH?
According to the Software industry distribution chart, Docusign ranks #1997 out of 2627 companies for PB Ratio. This places Docusign in the lower half of its industry. The industry median PB Ratio is 2.42. Docusign's value of 4.86 is 100.8% above this benchmark. Historically, Docusign's own PB Ratio has ranged from 4.42 to 287.62 over the past decade. While the company's 10-year median is 15.19 vs. the industry median of 2.42, Docusign has consistently been above 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 PB Ratio for a Software company?
The median PB Ratio among Software companies is 2.42, based on 2,627 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Docusign's current PB Ratio of 4.86 is 100.8% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Docusign and its competitors. For the Software industry, the median PB Ratio is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Docusign's current PB Ratio is 4.86, which is 68% below median its own 10-year median of 15.19. 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 $72.92, compared to a current price of $45.77 — trading 37.2% below its estimated fair value. The current PB Ratio is 4.86, which is 68% below median its 10-year median of 15.19 and 100.8% above the Software industry median of 2.42. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Docusign (DOCU), the current PB Ratio is 4.86 as of Jul. 05, 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 $45.77 is trading 37.2% below its estimated GF Value™ of $72.92.
GuruFocus considers Docusign to be Significantly Undervalued.
Key valuation signals for DOCU:
PB Ratio: 4.86 (68% below median its 10-year median of 15.19)
GF Value™: $72.92 vs. price of $45.77 (37.2% below fair value)
Industry Position: 100.8% above the Software median (#1997 of 2627)
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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