DocuSign, Inc. (DOCU) Fair Value 2026

DOCU · Software - Application ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

8.9 /10

32 fundamental signals · 8 models active

Value Trap Risk

SAFE (6/100)

Quick Summary — As of 2026-08-27, DocuSign, Inc. (DOCU) trades at $63.80, versus a $65.24 median fair value across its 8 active models — 2.3% above the current price. QOC: 8.9/10. Value Trap Risk: 6/100 (SAFE). 8/13 models active. Within that set, the Bayesian DCF component alone returns $136.31.

Key Facts

Ticker
DOCU
Price
$63.80
Quality Score
8.9/10
Value Trap Risk
6/100
Models Active
8/13
Last Updated
Strength: Bayesian DCF suggests +113.6% upside with 67% confidence
Risk: Limited model coverage (8/13) may reduce confidence

Is DocuSign, Inc. (DOCU) Undervalued or Overvalued in 2026?

According to CirclFi’s 8-model valuation engine, DocuSign, Inc. (DOCU) appears fairly valued as of : the median of 8 independent fair value estimates is $65.24, within 2.3% of the current price of $63.80. Estimates range from $24.35 to $152.16. DOCU scores 8.9/10 on fundamental quality and 6/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. DOCU’s +2.3% gap is narrower than that market norm, and the Software - Application sector median is -23.4%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy DocuSign, Inc. Stock in 2026? →

What Fair Value Does Each Model Give DOCU?

8 Intrinsic Value Models vs. Current Price ($63.80)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $136.31 +113.6%
Ensemble · Low Conviction
 $77.06 +20.8%
Scenario · High Conviction
 $53.43 -16.3%
Intrinsic · High Conviction
 $78.77 +23.5%
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What Is DOCU's Fair Value Range?

Spread across 8 independent models · $24.35 to $152.16

CirclFi's 8 active models place DocuSign, Inc. (DOCU) between $24.35 and $152.16 per share, a spread of 196% of the median. The median of that range — $65.24 — is the fair value CirclFi publishes for DOCU, against a current price of $63.80.

Low · EROICHigh · Regime Cross
$24.35median $65.24$152.16
Where the range comes from
Most bearish modelEROIC Spread$24.35
Most bullish modelRegime Cross-Sectional$152.16
Model agreement4 bullish · 4 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for DOCU. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on DOCU, not a CirclFi price target. How each model works →

What Is DocuSign, Inc. (DOCU) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, DocuSign, Inc. presents a highly debated valuation profile at its current price of $63.80. The median intrinsic value is estimated at $65.24 (+2.3% median upside), masking a wide model spread between the 4 bullish models and 4 bearish models. Model dispersion is worth noting: Regime Cross targets $152.16 (+138.5%), versus EROIC at $24.35 (-61.8%). This +200.3% range highlights the importance of multi-model analysis rather than relying on any single methodology.

What Do the Models Say About DOCU?

8 of 13 models are currently active for DOCU. Of these, 4 models suggest upside while 4 models suggest overvaluation. Taken together, their median fair value for DOCU is $65.24 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $136.31 on its own, implying +113.6% upside from the current price. See which stocks rank higher →

How Does DOCU Rank in Software - Application?

Among 256 Software - Application stocks, DOCU ranks #32 by Quality of Company score. CirclFi's QOC score of 8.9/10 evaluates 32 fundamental signals. A score of 8.9 places DOCU in the top tier.

See all Most Undervalued Software - Application Stocks →

Within the Software - Application space, DocuSign, Inc. competes in an environment where gross margin profile often separates market leaders from laggards. Understanding these industry-specific dynamics is essential context for interpreting our model outputs.

Is DOCU a Value Trap?

CirclFi's Value Trap algorithm assigns DOCU a score of 6/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

8 of 13 models are active for DocuSign, Inc.. Moderate coverage provides meaningful perspective. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Quality of Company (QOC) framework, which evaluates 32 signals including margin stability, revenue growth trajectory, leverage, and free cash flow generation, DocuSign, Inc. is rated at 8.9/10. This strong-tier score demonstrates strong fundamentals across the majority of our quality signals.

The gap between the most bullish and bearish model spans +200.3% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every DOCU valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across DOCU's 8 active models, average confidence is 44%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy DocuSign, Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Software - Application Stocks Should You Also Analyze?

11 related Software - Application stocks with 13-model coverage

PAYXPaychex, Inc.QOC 8.9SPSCSPS Commerce, Inc.QOC 8.9YBYuanbao Inc.QOC 9.0DUOLDuolingo, Inc.QOC 8.9DCBODocebo Inc.QOC 9.0SAPSAP SEQOC 8.9BRZEBraze, Inc.QOC 7.3CURRCURRENC Group Inc.QOC 6.0VIIQVIIQQOC 4.0ADSKAutodesk, Inc.QOC 9.8PTCPTC Inc.QOC 9.8

Read investment analysis: PAYX · SPSC · YB · DUOL · DCBO · SAP · BRZE · CURR · VIIQ · ADSK · PTC

Which Other Stocks Have a Similar Quality Score to DOCU?

7 companies across all industries closest to DOCU’s Quality of Company score of 8.9/10.

CWCOConsolidated Water Co. Ltd.QOC 8.9YELPYelp Inc.QOC 8.9AIZAssurant, Inc.QOC 8.9ERIEErie Indemnity CompanyQOC 8.9SHBIShore Bancshares, Inc.QOC 8.9WABWestinghouse Air Brake Technologies CorporationQOC 8.9NVDANVIDIA CorporationQOC 10.0

Read investment analysis: CWCO · YELP · AIZ · ERIE · SHBI · WAB · NVDA

Where Does DOCU Sit in CirclFi's Software - Application Rankings?

DOCU is ranked against every other Software - Application stock CirclFi covers in each of these screens.

See all Software - Application stocks ranked →

What Else Do Investors Ask About DocuSign, Inc.’s Valuation?

What is DocuSign, Inc.'s intrinsic value in 2026?

CirclFi puts DocuSign, Inc. (DOCU)'s intrinsic value at $65.24 — the median of 8 independent model estimates as of 2026-08-27, ranging from $24.35 to $152.16. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $136.31 on its own. The Quality of Company score is 8.9/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is DOCU overvalued or undervalued right now?

At $63.80, 4 of 8 active models suggest DOCU may be undervalued, while 4 indicate potential overvaluation. The median of all 8 fair value estimates is $65.24, within 2.3% of the current price of $63.80 — a consensus view that DOCU is fairly valued. The assessment depends on which methodology best fits DocuSign, Inc.'s business model in Software - Application.

What does a Quality of Company score of 8.9 mean for DOCU?

DocuSign, Inc.'s QOC of 8.9/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on DOCU?

CirclFi analyzes DOCU with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 8 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on DOCU?

Of the 8 models currently active on DOCU, Regime Cross-Sectional is the most bullish at $152.16 per share, and EROIC Spread is the most bearish at $24.35. CirclFi's published fair value for DOCU is the median of that range, $65.24, not either extreme. The gap between the two ends equals 196% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is DOCU a value trap in 2026?

DocuSign, Inc.'s Value Trap score is 6/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 8-model valuation engine, DocuSign, Inc. (DOCU) has a median fair value of $65.24 — within 2.3% of the current price of $63.80 — as of 2026-08-27.” Source: circlfi.com/stock/DOCU/ · Methodology
Primary sources for this DOCU valuation
  • Financial statements: DocuSign, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0001261333) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for DOCU as of ; valuations recomputed .

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