DoubleVerify Holdings Inc (DV) is slightly overvalued and Magnite Inc (MGNI) is overvalued.
Both trade above our estimate of their intrinsic value. DV is the closer of the two: -17%, against -32% for MGNI.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.8% (average of 3 methods) values the shares at $11.43; the price of $13.40 is 17% above that value, and 75% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
Discounting its cash flows at 13.7% (average of 3 methods) values the shares at $18.84; the price of $24.80 is 32% above that value, and 64% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
| Metric | DV | MGNI |
|---|---|---|
| Verdict | Slightly overvalued | Overvalued |
| Price | $13.40 | $24.80 |
| Intrinsic value | $11.43 | $18.84 |
| Margin of safety | -17% | -32% |
| Leak Score | 27/100 (3/12) | 27/100 (3/12) |
| Market cap | $2.1B | $3.6B |
| Revenue growth, 5 years | 25.1% | 26.4% |
| Operating margin | 12.7% | 15.7% |
| Net margin | 7.7% | 22.5% |
| Return on equity | 5.4% | 19.6% |
| Debt to equity | 0.10 | 0.45 |
| P/E | 37.2x | 22.7x |
| Forward P/E | 23.6x | 18.4x |
| P/B | 1.9x | 3.8x |