DoubleVerify Holdings, Inc. (DV) intrinsic value & 10-year financials
DoubleVerify Holdings, Inc. (DV) has a Graham intrinsic value of $7.92 per share. At $13.49 on Oct 17, 2026, the stock trades 70% above that value. Over the last 8 fiscal years revenue grew 26.5% a year to $748.3M, with an average return on invested capital of 6.5%.
- Graham intrinsic value
- $7.92
- Share price (Oct 17, 2026)
- $13.49
- Price vs Graham value
- 70% above
- Market cap
- $2.2B
- Revenue (FY2025)
- $748.3M
- Revenue growth (8-yr CAGR)
- 26.5%
- ROIC (10-yr avg)
- 6.5%
- Free cash flow (FY2025)
- $172.7M
DV 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $748.3M | $50.6M | $0.30 | $172.7M | 10.6% | 5.3% |
| FY2024 | $656.8M | $56.2M | $0.32 | $132.5M | 12.5% | 6.1% |
| FY2023 | $572.5M | $71.5M | $0.41 | $102.7M | 15.0% | 8.4% |
| FY2022 | $452.4M | $43.3M | $0.25 | $54.9M | 13.0% | 6.8% |
| FY2021 | $332.7M | $29.3M | $0.18 | $73.4M | 8.0% | 5.4% |
| FY2020 | $243.9M | $20.5M | $0.14 | $11.5M | 8.8% | 5.3% |
| FY2019 | $182.7M | $23.3M | $0.16 | $23.5M | 21.4% | 8.4% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
DoubleVerify Holdings, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
DoubleVerify Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just 6.2% ROIC.
DoubleVerify Holdings, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, DoubleVerify Holdings, Inc. is modeled at 11.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $7.92 per share.