3 models fit DoubleVerify Holdings Inc. Common Stock and they disagree: 1 of 3 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)Silver73
Valued as a growth company: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
ACCE opinionDoubleVerify Holdings Inc. Common Stock (DV)
Fair value (3 models)
$12.30
ACCE price target
$13.50
Rating
Fairly valued
Horizon
12 months
Fair value published on 21 Oct 2026, 11:06 CEST; previously $12.95 since 16 Oct 2026, 00:00 CEST.
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 11:06 CEST.
Price used: $13.55 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
10.1% above
-9.2% to fair value
ACCE score
67
out of 100
Analysts
0% buy
15 covering
P/E
38.7x
forward 23.5x
1-year return
+13.7%
Dividend yield
0.00%
DoubleVerify Holdings Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
DoubleVerify sells software that verifies whether digital ads run where advertisers intended, with brand-safety, viewability and fraud-detection tools sold to brands, agencies and publishers. Its moat is data scale and integrations across the major ad platforms, which makes the product sticky and gives it an 82.4% gross margin. Revenue growth has slowed to 2.5%, so the investment case rests on margin expansion and reacceleration rather than top-line momentum, with an 11.9% operating margin showing the cost base can be leveraged. At 23.5x forward earnings against a trailing 38.7x, the market is pricing in a meaningful earnings recovery, and the score of 68/100 suggests the quality is there but the growth needs to show up before the stock earns a closer look.
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
moderate
Revenue growth stalled
Revenue grew only 2.5% year over year, and quarter-on-quarter revenue fell 12.0%, against a 25.1% five-year revenue CAGR. Earnings growth of 60.0% is not matched by the top line.
moderate
Short interest elevated
Short interest sits at 5.2% of shares outstanding, which means a meaningful minority of holders are betting on further weakness. Position sizing should allow for volatility around any growth disclosure.
AI research notes
AI-assisted·How I use AIWritten Oct 21, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Free cash flow over the last twelve months reached $173M, showing the business turns sales into real cash.
The stock offers an 8.2% free cash flow yield, and the forward P/E of 11.7x sits well below the sector median of 16.7x.
The diluted share count fell 4.8% last fiscal year, so each remaining share owns a larger slice of the company.
Why it could disappoint
Revenue grew just 2.5% year over year, far below the 25.1% average annual growth of the past five years.
Return on equity of 5.4% and return on invested capital of 3.4% show the business earns little on the money invested in it.
The stock trades 10.1% above the model fair value of $12.30, and the price implies cash flow growth of 4.3% a year.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 6, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where DV's valuation models land
Price
$13.55
Model fair value
$12.30
Model range
$9.14 to $17.15
Fair value $12.30
Price $13.55
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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