Question 1

What is DocuSign's EV/EBITDA ratio?

Accepted Answer

DocuSign (DOCU) EV/EBITDA ratio is 15.0× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for DocuSign?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For DocuSign specifically, the relevant sector benchmark is the current sector median of 19.5×.

Question 5

Is DocuSign's EV/EBITDA ratio high or low?

Accepted Answer

DocuSign's EV/EBITDA ratio of 15.0× is below its own 5-year average of 378.6× and below the sector median of 19.5×. That places the current reading at the 1th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is DocuSign's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, DocuSign (DOCU) EV/EBITDA ratio has ranged from a low of 14.2× in 2026 to a high of 2572.8× in 2023. The 5-year average is 378.6× and the 5-year median is 45.2×.

Question 7

What was DocuSign's EV/EBITDA ratio in 2026?

Accepted Answer

DocuSign (DOCU) EV/EBITDA ratio at the end of 2026 was 17.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does DocuSign's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2026	$10.53B	$562.16M	17.5×	-35.2×	Jan 31, 2026
2025	$19.67B	$357.30M	52.7×	-6.7×	Jan 31, 2025
2024	$12.52B	$195.59M	59.4×	-2579.0×	Jan 31, 2024
2023	$12.24B	$4.59M	2638.4×	+1569.1×	Jan 31, 2023
2022	$24.99B	$23.45M	1069.2×	—	Jan 31, 2022
2021	$43.43B	−$129.49M	—	—	Jan 31, 2021
2020	$14.20B	−$126.10M	—	—	Jan 31, 2020
2019	$8.27B	−$379.34M	—	—	Jan 31, 2019
2018	$1.28B	−$15.46M	—	—	Jan 31, 2018


Zebra Technologies (ZBRA)	12.6×
Micron Technology (MU)	12.5×
NXP Semiconductors (NXPI)	12.3×
Block (XYZ)	11.9×
Qorvo (QRVO)	11.3×
Broadridge Financial Solutions (BR)	11.1×
Adobe (ADBE)	10.9×
Super Micro Computer (SMCI)	10.8×
CDW (CDW)	10.8×
QUALCOMM (QCOM)	10.6×
Accenture (ACN)	10.5×
NetApp (NTAP)	10.5×
Amkor Technology (AMKR)	10.3×
GoDaddy (GDDY)	10.2×
Block (SQ)	10.0×
EPAM Systems (EPAM)	9.6×
Science Applications International (SAIC)	9.4×
Skyworks Solutions (SWKS)	9.2×
Corpay (CPAY)	8.5×
Paycom Software (PAYC)	8.2×
Gen Digital (GEN)	7.4×
Cognizant (CTSH)	7.2×
Fidelity National Information Services (FIS)	7.0×
Fiserv (FISV)	6.9×
HP (HPQ)	6.4×

EV/EBITDA for DocuSign (DOCU)

EV/EBITDA daily chart for DocuSign (DOCU)

Historical EV/EBITDA for DocuSign (DOCU) from 2018 to 2026

About EV/EBITDA at DocuSign (DOCU)

DocuSign EV/EBITDA by Year

DocuSign EV/EBITDA 2026: 17.5×

DocuSign EV/EBITDA 2025: 52.7×

DocuSign EV/EBITDA 2024: 59.4×

DocuSign EV/EBITDA 2023: 2638.4×

DocuSign EV/EBITDA 2022: 1069.2×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

DocuSign (DOCU) Key Financials

EV/EBITDA daily chart for DocuSign (DOCU)

Historical EV/EBITDA for DocuSign (DOCU) from 2018 to 2026

About EV/EBITDA at DocuSign (DOCU)

DocuSign EV/EBITDA by Year

DocuSign EV/EBITDA 2026: 17.5×

DocuSign EV/EBITDA 2025: 52.7×

DocuSign EV/EBITDA 2024: 59.4×

DocuSign EV/EBITDA 2023: 2638.4×

DocuSign EV/EBITDA 2022: 1069.2×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is DocuSign's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for DocuSign?

+Is DocuSign's EV/EBITDA ratio high or low?

+What is DocuSign's historical EV/EBITDA ratio range?

+What was DocuSign's EV/EBITDA ratio in 2026?

+Why does DocuSign's EV/EBITDA ratio change over time?

DocuSign (DOCU) Key Financials