Is DoubleVerify Holdings, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for DoubleVerify Holdings, Inc. has moved from very expensive to expensive, indicating a slight improvement in perceived value. The company appears to be overvalued based on its current metrics. The P/E ratio stands at 46, which is significantly higher than peers like Qualys, Inc. at 25.97 and Dolby Laboratories, Inc. at 25.89. Additionally, the EV to EBITDA ratio of 17.21 also suggests a premium compared to the industry, where the average for peers like ZoomInfo Technologies, Inc. is 14.59.
In comparison to its peers, DoubleVerify's valuation metrics indicate that it is trading at a premium, with a Price to Book Value of 2.33 and an EV to Sales ratio of 3.30. This suggests that investors are paying more for each dollar of sales and book value compared to its competitors. Although the stock has not provided recent return data, it is essential to note that the valuation metrics reinforce the notion that DoubleVerify is overvalued relative to its peers in the software products industry.