DoubleVerify Holdings, Inc. (DV) Financial Ratios
8 years of historical data (2018–2025) · Technology · Software - Application
EV/EBITDA
↓
10.50
↓-76% vs avg
5yr avg: 43.09
30Y Low12.9·High91.0
P/FCF
↓
9.18
↓-81% vs avg
5yr avg: 48.10
30Y Low11.0·High73.6
P/B Ratio
↓
1.52
↓-65% vs avg
5yr avg: 4.35
30Y Low1.7·High6.8
ROE
↓
4.6%
-16% vs avg
5yr avg: 5.4%
30Y Low1%·High8%
Debt/EBITDA
↑
0.73
+18% vs avg
5yr avg: 0.62
30Y Low0.1·High2.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DV Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
DoubleVerify Holdings, Inc. trades at 34.4x earnings, 63% below its 5-year average of 92.1x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 19%. On a free-cash-flow basis, the stock trades at 9.2x P/FCF, 81% below the 5-year average of 48.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.6B | $1.9B | $3.4B | $6.4B | $3.7B | $5.4B | — | — | — |
| Enterprise Value | $1.4B | $1.7B | $3.2B | $6.2B | $3.6B | $5.2B | — | — | — |
| P/E Ratio → | 34.43 | 38.13 | 60.03 | 89.71 | 87.84 | 184.89 | — | — | — |
| P/S Ratio | 2.12 | 2.55 | 5.12 | 11.14 | 8.29 | 16.23 | — | — | — |
| P/B Ratio | 1.52 | 1.69 | 3.10 | 5.94 | 4.28 | 6.76 | — | — | — |
| P/FCF | 9.18 | 11.04 | 25.38 | 62.09 | 68.33 | 73.63 | — | — | — |
| P/OCF | 7.51 | 9.03 | 21.06 | 53.27 | 39.53 | 65.27 | — | — | — |
P/E links to full P/E history page with 30-year chart
DV EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
DoubleVerify Holdings, Inc.'s enterprise value stands at 10.5x EBITDA, 76% below its 5-year average of 43.1x. The Technology sector median is 16.7x, placing the stock at a 37% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.34 | 4.81 | 10.75 | 7.88 | 15.58 | — | — | — |
| EV / EBITDA | 10.50 | 12.87 | 24.77 | 48.61 | 38.20 | 91.00 | — | — | — |
| EV / EBIT | 18.00 | 20.69 | 35.17 | 63.49 | 59.16 | 192.06 | — | — | — |
| EV / FCF | — | 10.12 | 23.86 | 59.92 | 64.97 | 70.68 | — | — | — |
DV Profitability
Margins and return-on-capital ratios measuring operating efficiency
DoubleVerify Holdings, Inc. earns an operating margin of 10.6%. Operating margins have compressed from 15.0% to 10.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 4.6% is modest. ROIC of 6.4% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 82.2% | 82.2% | 82.3% | 81.4% | 82.8% | 83.7% | 85.3% | 86.4% | 82.2% |
| Operating Margin | 10.6% | 10.6% | 12.5% | 15.0% | 13.0% | 8.0% | 8.8% | 21.4% | 4.9% |
| Net Profit Margin | 6.8% | 6.8% | 8.6% | 12.5% | 9.6% | 8.8% | 8.4% | 12.8% | 3.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.6% | 4.6% | 5.2% | 7.3% | 5.2% | 4.8% | 5.6% | 7.6% | 1.1% |
| ROA | 3.9% | 3.9% | 4.5% | 6.3% | 4.5% | 4.2% | 4.2% | 5.4% | 0.8% |
| ROIC | 6.4% | 6.4% | 7.1% | 8.3% | 6.9% | 4.0% | 4.0% | 8.3% | 1.2% |
| ROCE | 6.6% | 6.6% | 7.1% | 8.1% | 6.5% | 4.1% | 4.7% | 9.5% | 1.3% |
DV Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
DoubleVerify Holdings, Inc. carries a Debt/EBITDA ratio of 0.7x, which is very conservative (75% below the sector average of 2.9x). The company holds a net cash position — cash of $259M exceeds total debt of $100M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 48.7x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.09 | 0.09 | 0.08 | 0.08 | 0.10 | 0.01 | 0.06 | 0.25 | 0.20 |
| Debt / EBITDA | 0.73 | 0.73 | 0.72 | 0.68 | 0.90 | 0.08 | 0.59 | 1.28 | 2.48 |
| Net Debt / Equity | — | -0.14 | -0.19 | -0.21 | -0.21 | -0.27 | -0.02 | 0.21 | 0.10 |
| Net Debt / EBITDA | -1.17 | -1.17 | -1.58 | -1.77 | -1.97 | -3.81 | -0.14 | 1.10 | 1.21 |
| Debt / FCF | — | -0.92 | -1.52 | -2.18 | -3.35 | -2.96 | -0.59 | 2.86 | 2.75 |
| Interest Coverage | 48.73 | 48.73 | 80.42 | 90.94 | 66.60 | 23.03 | 4.51 | 7.80 | 1.65 |
Net cash position: cash ($259M) exceeds total debt ($100M)
DV Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
DoubleVerify Holdings, Inc.'s current ratio of 4.27x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 6.36x to 4.27x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.27 | 4.27 | 5.40 | 6.36 | 6.46 | 6.45 | 4.17 | 2.66 | 4.68 |
| Quick Ratio | 4.27 | 4.27 | 5.40 | 6.36 | 6.46 | 6.45 | 4.17 | 2.66 | 4.68 |
| Cash Ratio | 2.13 | 2.13 | 3.00 | 3.70 | 3.89 | 3.89 | 0.98 | 0.34 | 1.97 |
| Asset Turnover | — | 0.55 | 0.51 | 0.46 | 0.44 | 0.37 | 0.48 | 0.39 | 0.26 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 107.88 | 125.71 | 131.93 | 134.83 | 134.86 | 141.68 | 137.24 | 133.18 |
DV Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
DoubleVerify Holdings, Inc. returns 9.0% to shareholders annually primarily through share buybacks. The earnings yield of 2.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.9% | 2.6% | 1.7% | 1.1% | 1.1% | 0.5% | — | — | — |
| FCF Yield | 10.9% | 9.1% | 3.9% | 1.6% | 1.5% | 1.4% | — | — | — |
| Buyback Yield | 9.0% | 7.5% | 4.0% | 0.1% | 0.3% | 0.0% | — | — | — |
| Total Shareholder Yield | 9.0% | 7.5% | 4.0% | 0.1% | 0.3% | 0.0% | — | — | — |
| Shares Outstanding | — | $167M | $175M | $173M | $171M | $162M | $157M | $157M | $155M |
Peer Comparison
Compare DV with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DVYou | $2B | 34.4 | 10.5 | 9.2 | 82.2% | 10.6% | 4.6% | 6.4% | 0.7 |
 IAS | $2B | 45.0 | 13.7 | 22.4 | 78.5% | 11.4% | 3.9% | 4.6% | 0.5 |
 SCOR | $42M | 1.9 | 2.0 | 1.9 | 39.8% | 1.3% | -10.4% | 2.6% | 1.5 |
 CXDO | $229M | 44.1 | 24.9 | 24.7 | 62.9% | 6.9% | 8.8% | 10.2% | 0.1 |
 TTD | $9B | 20.3 | 12.0 | 10.9 | 78.6% | 20.3% | 16.3% | 21.3% | 0.6 |
 MGNI | $3B | 18.8 | 15.1 | 15.5 | 62.7% | 13.7% | 17.1% | 9.5% | 1.8 |
 PUBM | $528M | -36.5 | 16.1 | 7.9 | 63.6% | -6.1% | -5.4% | -6.8% | 1.7 |
 APPS | $1B | -26.1 | — | 92.9 | 48.6% | 6.0% | -21.8% | 4.8% | — |
 GOOGL | $4.5T | 34.0 | 29.8 | 60.8 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 META | $1.5T | 24.6 | 14.8 | 31.7 | 82.0% | 41.4% | 30.2% | 27.6% | 0.8 |
 AMZN | $2.6T | 34.1 | 18.5 | 341.6 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
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DV — Frequently Asked Questions
Quick answers to the most common questions about buying DV stock.
What is DoubleVerify Holdings, Inc.'s P/E ratio?
DoubleVerify Holdings, Inc.'s current P/E ratio is 34.4x. The historical average is 92.1x.
What is DoubleVerify Holdings, Inc.'s EV/EBITDA?
DoubleVerify Holdings, Inc.'s current EV/EBITDA is 10.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 43.1x.
What is DoubleVerify Holdings, Inc.'s ROE?
DoubleVerify Holdings, Inc.'s return on equity (ROE) is 4.6%. The historical average is 5.2%.
Is DV stock overvalued?
Based on historical data, DoubleVerify Holdings, Inc. is trading at a P/E of 34.4x. Compare with industry peers and growth rates for a complete picture.
What are DoubleVerify Holdings, Inc.'s profit margins?
DoubleVerify Holdings, Inc. has 82.2% gross margin and 10.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does DoubleVerify Holdings, Inc. have?
DoubleVerify Holdings, Inc.'s Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.