Question 1

What is DocuSign's P/FCF ratio?

Accepted Answer

DocuSign (DOCU) P/FCF ratio is 8.3× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. 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 P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for DocuSign?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For DocuSign specifically, the relevant sector benchmark is the current sector median of 21.6×.

Question 5

Is DocuSign's P/FCF ratio high or low?

Accepted Answer

DocuSign's P/FCF ratio of 8.3× is below its own 5-year average of 32.9× and below the sector median of 21.6×. That places the current reading at the 0th 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 P/FCF ratio range?

Accepted Answer

In the available daily series, DocuSign (DOCU) P/FCF ratio has ranged from a low of 8.3× in 2026 to a high of 416.8× in 2020. The 5-year average is 32.9× and the 5-year median is 19.1×.

Question 7

What was DocuSign's P/FCF ratio in 2026?

Accepted Answer

DocuSign (DOCU) P/FCF ratio at the end of 2026 was 10.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does DocuSign's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). 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	$1.06B	10.0×	-11.4×	Jan 31, 2026
2025	$19.67B	$920.28M	21.4×	+7.3×	Jan 31, 2025
2024	$12.52B	$887.13M	14.1×	-14.4×	Jan 31, 2024
2023	$12.24B	$429.11M	28.5×	-27.6×	Jan 31, 2023
2022	$24.99B	$445.07M	56.1×	-146.3×	Jan 31, 2022
2021	$43.43B	$214.56M	202.4×	-122.9×	Jan 31, 2021
2020	$14.20B	$43.65M	325.3×	+144.2×	Jan 31, 2020
2019	$8.27B	$45.67M	181.1×	+145.5×	Jan 31, 2019
2018	$1.28B	$36.05M	35.6×	—	Jan 31, 2018


Paycom Software (PAYC)	14.0×
Intuit (INTU)	13.9×
Okta (OKTA)	13.8×
EPAM Systems (EPAM)	13.4×
Zebra Technologies (ZBRA)	12.2×
Skyworks Solutions (SWKS)	11.9×
Cognizant (CTSH)	11.8×
NetApp (NTAP)	11.5×
Duolingo (DUOL)	11.1×
Block (XYZ)	11.0×
QUALCOMM (QCOM)	10.8×
Workday (WDAY)	10.5×
Salesforce (CRM)	10.5×
Qorvo (QRVO)	10.4×
Adobe (ADBE)	10.4×
Accenture (ACN)	10.3×
Fidelity National Information Services (FIS)	8.7×
Gen Digital (GEN)	7.5×
Fiserv (FISV)	7.2×
Hewlett Packard Enterprise (HPE)	6.8×
GoDaddy (GDDY)	6.7×
Science Applications International (SAIC)	6.7×
Strategy (MSTR)	5.5×
HP (HPQ)	5.1×
Lyft (LYFT)	4.5×

P/FCF Ratio for DocuSign (DOCU)

P/FCF Ratio daily chart for DocuSign (DOCU)

Historical P/FCF Ratio for DocuSign (DOCU) from 2018 to 2026

About P/FCF Ratio at DocuSign (DOCU)

DocuSign P/FCF Ratio by Year

DocuSign P/FCF Ratio 2026: 10.0×

DocuSign P/FCF Ratio 2025: 21.4×

DocuSign P/FCF Ratio 2024: 14.1×

DocuSign P/FCF Ratio 2023: 28.5×

DocuSign P/FCF Ratio 2022: 56.1×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

DocuSign (DOCU) Key Financials

P/FCF Ratio daily chart for DocuSign (DOCU)

Historical P/FCF Ratio for DocuSign (DOCU) from 2018 to 2026

About P/FCF Ratio at DocuSign (DOCU)

DocuSign P/FCF Ratio by Year

DocuSign P/FCF Ratio 2026: 10.0×

DocuSign P/FCF Ratio 2025: 21.4×

DocuSign P/FCF Ratio 2024: 14.1×

DocuSign P/FCF Ratio 2023: 28.5×

DocuSign P/FCF Ratio 2022: 56.1×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is DocuSign's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for DocuSign?

+Is DocuSign's P/FCF ratio high or low?

+What is DocuSign's historical P/FCF ratio range?

+What was DocuSign's P/FCF ratio in 2026?

+Why does DocuSign's P/FCF ratio change over time?

DocuSign (DOCU) Key Financials