Stock fact sheet · data as of
Doximity, Inc. (DOCS): fair value, margin of safety and Wheel Score
Healthcare · Medical - Healthcare Information Services · United States · Blend
Is DOCS undervalued?
At 31.50 (close of 16 Oct 2026), DOCS trades 26% over the GLS average fair value of 25.03. 2 of the 8 models land above the price and 6 below. A negative margin of safety costs Value points in the Wheel Score (2 of 25 here) - the models see no discount, which does not make the business a poor one, only the price a full one.
There is a wide gap between Lynch (10.12) and Payback Time (50.93). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files DOCS under Blend.
Nine valuation models for DOCS
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 25.95 | -18% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 10.16 | -68% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 27.40 | -13% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 10.12 | -68% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 25.98 | -18% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 39.50 | +25% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 50.93 | +62% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 10.17 | -68% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 4.33 | -86% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 27.00 | -14% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Doximity, Inc. scores 6 of 9 on the Piotroski F-score: a middling result that passes the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 8.3/10 puts DOCS among the more durable businesses we track: over ten years the metrics the score watches (revenue, EPS, book value, margins, cash flow, ROIC) have mostly moved the right way, year after year.
Returns on capital are high - ROIC 20.4%, ROE 20.6%, ROA 17.4% - with debt at 0.01 times equity and a free-cash-flow yield of 5.3%.
Doximity, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Subscription 93%, Service, Other 7% (quarter Q1 FY2027).
Institutional ownership scores 9/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 24 Sep 2026.
| Piotroski F-score | 6 / 9 | ROIC | 20.4% |
|---|---|---|---|
| GLS Moat | 8.3 / 10 | ROE | 20.6% |
| Debt / equity | 0.01 | ROA | 17.4% |
| Free-cash-flow yield | 5.3% | Payout ratio | 0% |
| Institutions | 9 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 60: Fair
A Wheel Score of 60 puts Doximity, Inc. in the Fair band - below the 70 the Sunday Scan requires. Value 2/25, Health 13/20, Moat 12/15, Premium 14/20 and Stability 19/20; the weakest part is Value (2/25).
Implied volatility is 85% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (14 of 20) because volatility this high usually comes with a reason. Chain open interest is 43,345 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 3.1M shares a day on a market cap of $5.6B, with a beta of 1.22 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 19 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 2 / 25 | -26% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 12 / 15 | moat 8.3/10 | |
| Premium | 14 / 20 | implied volatility 85% | |
| Stability | 19 / 20 | 3.1M shares/day, $5.6B cap, beta 1.22 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 5 Nov 2026 (after the close), 20 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Medical - Healthcare Information Services
The 12 companies below are the closest to Doximity, Inc. by market cap within the Medical - Healthcare Information Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| WAY Waystar Holding Corp. | 26.87 | 38.90 | +31% | 85Prime | $5.2B |
| HTFL Heartflow, Inc. Common Stock | 50.91 | - | - | 45Weak | $4.4B |
| HQY HealthEquity, Inc. | 92.51 | 144.55 | +36% | 88Prime | $7.7B |
| HNGE Hinge Health, Inc. | 104.96 | 61.09 | -72% | 57Fair | $8.5B |
| PRVA Privia Health Group, Inc. | 21.67 | 42.94 | +50% | 45Weak | $2.8B |
| TEM Tempus AI, Inc. | 68.32 | - | - | 45Weak | $12.0B |
| BTSG BrightSpring Health Services, Inc. Common Stock | 62.36 | 46.43 | -34% | 59Fair | $12.3B |
| OMCL Omnicell, Inc. | 35.95 | 23.57 | -52% | 53Fair | $1.6B |
| CERT Certara, Inc. | 9.66 | 8.34 | -16% | 45Weak | $1.5B |
| GDRX GoodRx Holdings, Inc. | 3.51 | 3.44 | -2% | 62Fair | $1.2B |
| OMDA Omada Health | 18.67 | 4.09 | -357% | 52Fair | $1.1B |
| TDOC Teladoc Health, Inc. | 5.81 | 21.97 | +74% | 45Weak | $1.1B |
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Start free See the Sunday ScanQuestions about DOCS
Is DOCS undervalued right now?
No: at 31.50 the stock trades 26% above the GLS average fair value of 25.03 (data as of 16 Oct 2026). The margin of safety is negative.
What is the Wheel Score of DOCS and what does it mean?
DOCS scores 60 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for DOCS?
25.03 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Doximity, Inc. report earnings next?
The next earnings report is due on 5 Nov 2026 (after the close), 20 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does DOCS have listed options, and how liquid are they?
Yes. The nightly snapshot found 390 listed contracts with 43,345 open interest across all expiries and implied volatility of 85% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.