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Doximity Inc
NYSE:DOCS

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Doximity Inc
NYSE:DOCS
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Price: 24.01 USD 3.63% Market Closed
Market Cap: $4.4B

P/S

7
Current
54%
Cheaper
vs 3-y average of 15.3

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
7
=
Market Cap
$4.4B
/
Revenue
$637.8m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
7
=
Market Cap
$4.4B
/
Revenue
$637.8m

Valuation Scenarios

Doximity Inc is trading below its 3-year average

If P/S returns to its 3-Year Average (15.3), the stock would be worth $52.71 (120% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-75%
Maximum Upside
+147%
Average Upside
32%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 7 $24.01
0%
3-Year Average 15.3 $52.71
+120%
5-Year Average 17.2 $59.4
+147%
Industry Average 1.7 $6.01
-75%
Country Average 2.4 $8.39
-65%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
$4.4B
/
Jan 2026
$637.8m
=
7
Current
$4.4B
/
Mar 2026
$656.4m
=
6.8
Forward
$4.4B
/
Mar 2027
$714.4m
=
6.2
Forward
$4.4B
/
Mar 2028
$781.8m
=
5.7
Forward
$4.4B
/
Mar 2029
$804.3m
=
5.5
Forward
$4.4B
/
Mar 2030
$879.3m
=
5.1
Forward
$4.4B
/
Mar 2031
$918.6m
=
4.8
Forward
$4.4B
/
Mar 2032
$985.5m
=
4.5
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
US
Doximity Inc
NYSE:DOCS
4.4B USD 7 18.6
JP
Medical Data Vision Co Ltd
TSE:3902
37.9T JPY 9.7 227.5
US
Cerner Corp
LSE:0R00
31.3B USD 5.4 53.1
US
Veeva Systems Inc
NYSE:VEEV
26.4B USD 8.3 29
AU
Pro Medicus Ltd
ASX:PME
14.5B AUD 58.1 61.6
JP
M3 Inc
TSE:2413
1T JPY 3 20.5
SE
Sectra AB
STO:SECT B
51.8B SEK 22.1 96.4
US
Waystar Holding Corp
NASDAQ:WAY
4.9B USD 4.3 42.4
CN
Winning Health Technology Group Co Ltd
SZSE:300253
19.3B CNY 8.9 -62.7
US
Vocera Communications Inc
F:V00
2.4B EUR 11.9 -328
US
Heartflow Inc
NASDAQ:HTFL
2.6B USD 0 0
P/E Multiple
Earnings Growth PEG
US
Doximity Inc
NYSE:DOCS
Average P/E: 68.6
18.6
15%
1.2
JP
Medical Data Vision Co Ltd
TSE:3902
227.5
62%
3.7
US
C
Cerner Corp
LSE:0R00
53.1
N/A N/A
US
Veeva Systems Inc
NYSE:VEEV
29
27%
1.1
AU
Pro Medicus Ltd
ASX:PME
61.6
29%
2.1
JP
M3 Inc
TSE:2413
20.5
16%
1.3
SE
Sectra AB
STO:SECT B
96.4
14%
6.9
US
W
Waystar Holding Corp
NASDAQ:WAY
42.4
55%
0.8
CN
Winning Health Technology Group Co Ltd
SZSE:300253
Negative Multiple: -62.7
69%
N/A
US
V
Vocera Communications Inc
F:V00
Negative Multiple: -328 N/A N/A
US
H
Heartflow Inc
NASDAQ:HTFL
Not Available N/A N/A

Market Distribution

Higher than 83% of companies in the United States of America
Percentile
83rd
Based on 11 520 companies
83rd percentile
7
Low
0 — 1.2
Typical Range
1.2 — 4.1
High
4.1 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 1.2
Median 2.4
70th Percentile 4.1
Max 4 613 274.2

Doximity Inc
Glance View

Doximity Inc., often regarded as the social network for doctors, has carved a unique niche for itself by seamlessly blending the culture of community with professional networking specifically tailored for the medical field. Founded in 2010 by Jeff Tangney, a co-founder of Epocrates, Doximity leverages technology to connect healthcare professionals nationwide, offering tools for both communication and collaboration. Much like LinkedIn, but with a focus on physicians and clinicians, Doximity provides a platform where medical practitioners can securely connect with colleagues, stay informed about the latest developments in their fields, and peruse professional opportunities. Its services cater not just to social networking, but also to telemedicine, reflecting the modern demands of a rapidly digitizing healthcare landscape. The company monetizes primarily through three main revenue streams: pharmaceutical marketing, hiring solutions, and telehealth services. Pharmaceutical companies pay Doximity for targeted marketing opportunities, allowing them to reach specific segments of the medical community with precision and impact. Additionally, hospitals and medical groups subscribe to its hiring solutions to recruit top-tier medical talent. In an era where telemedicine has become increasingly vital, Doximity’s telehealth solutions have gained traction, enabling physicians to engage in virtual consultations efficiently. This multi-faceted business model allows Doximity to stay at the forefront of digital healthcare services, driving growth while serving a highly specialized market.

DOCS Intrinsic Value
27.2 USD
Undervaluation 12%
Intrinsic Value
Price $24.01
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