Is DoubleVerify Holdings, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for DoubleVerify Holdings, Inc. has moved from attractive to very expensive, indicating a shift towards overvaluation. The company appears overvalued based on its high P/E ratio of 46, a price-to-book value of 2.33, and an EV to EBITDA ratio of 17.21. Comparatively, Duolingo, Inc. has a significantly higher P/E ratio of 104.90, while Qualys, Inc. presents a more favorable P/E of 25.97, highlighting that DoubleVerify's valuation is not justified in relation to its peers.
Despite the absence of recent stock return data, the current metrics suggest that DoubleVerify Holdings, Inc. is trading at a premium compared to its industry peers, reinforcing the conclusion of overvaluation.