Is DocuSign, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for DocuSign, Inc. moved from fair to expensive, indicating a shift towards overvaluation. The company is currently assessed as overvalued, with a P/E ratio of 14, an EV to EBITDA of 34.23, and a PEG ratio of 0.02. In comparison to peers, F5, Inc. has a more attractive P/E ratio of 27.18, while Gen Digital Inc. shows a fair valuation with a P/E of 30.81.
DocuSign's recent stock performance has been underwhelming, with a year-to-date return of -24.47% compared to the S&P 500's positive return of 13.30%, further reinforcing the notion of overvaluation.