DoubleVerify Holdings Inc. Common Stock (DV)

FairStock Score: 52/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach DoubleVerify as I would any advertising-adjacent technology company: first ask whether the business has durable economics, then ask what price protects me. DoubleVerify provides media quality and attention measurement, a useful service for advertisers trying to police fraud, viewability and brand suitability. In fiscal 2025, the year ended 2025-12-31, it reported revenue of $748.3 million, up from $656.8 million in fiscal 2024, the year ended 2024-12-31, while net income fell to $50.6 million from $56.2 million and diluted EPS slipped to $0.30 from $0.32. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $193.8 million and net income was $12.9 million, or $0.08 per diluted share; that is better than fiscal Q1 2026's $6.4 million and $0.04, but revenue was only modestly above fiscal Q2 2025's $189.0 million. FairStock's calculations show a P/E of 38.74 at the 2026-10-13 close, a P/B of 1.92, ROE of 5.39% and ROCE of 4.67%. The balance sheet looks conservative with D/E of 0.10 and an Altman Z-Score of 6.74, and free cash flow is real: $160.5 million trailing, a 7.6% FCF yield. But the Graham Number of $7.46 implies the $13.56 price is far above asset-and-earnings-based value, with a negative margin of safety. The Lynch category is STALWART, based on 19.9% five-year profit growth and 25.1% revenue growth, yet recent profits have been uneven. I see a decent business, but the price already assumes a lot.

In plain English: DoubleVerify helps advertisers make sure digital ads are seen by real people, in suitable places, and not part of fraud. The company is growing sales, generates cash, and has low debt, but profits have been uneven and the profit earned on money invested is modest. Compared with its earnings and accounting value, the share price looks full rather than cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer