1stdibs.com, Inc. (DIBS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-116.5%

-$0.86

vs $5.22 price

Levered DCF

-$4.72

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

-0.37

Distress zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-15.76×	-7.22×	-8.21×	-8.61×	-22.75×	-86.36×	-35.63×
P/B	2.31×	1.35×	1.38×	1.32×	3.02×	-4.38×	-4.87×
P/S	2.41×	1.52×	2.2×	2.02×	4.63×	13.04×	15.13×
EV / EBITDA	-25.63×	-9.87×	-9.57×	-3.87×	-17.24×	-156.28×	-41.18×
Gross margin	73.0%	71.9%	70.5%	69.4%	68.7%	68.3%	66.4%
Operating margin	-20.3%	-29.7%	-36.6%	-26.7%	-21.8%	-16.5%	-44.2%
Net margin	-15.2%	-21.1%	-26.8%	-23.3%	-20.4%	-15.3%	-42.3%
Current ratio	4.2×	3.93×	5.34×	6.24×	5.46×	2.74×	3.09×
Debt / equity	0.2×	0.22×	0.16×	0.17×	0×	0×	0×
Interest coverage	0×	0×	0×	-2,352.45×	-1,402.75×	-964.71×	-58.18×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-14.6%	-18.8%	-16.9%	-15.2%	-13.3%	5.1%	13.6%
Return on invested capital	-16.2%	-21.6%	-19.9%	-15.0%	-14.0%	-23.3%	-45.3%
Return on assets	-10.3%	-12.8%	-12.6%	-11.5%	-10.9%	-15.4%	-33.6%
Free cash flow yield	-1.5%	-2.6%	-8.3%	-15.3%	-1.4%	-0.5%	-2.3%
Earnings yield	-6.3%	-13.9%	-12.2%	-11.5%	-4.4%	-1.2%	-2.8%
Enterprise value	$211.9M	$130.1M	$170.4M	$66.7M	$307M	$1B	$1B
Net debt / EBITDA	0.52×	0.29×	0.87×	7.47×	9.44×	8.47×	2.26×
Cash conversion cycle (days)	-117	-145	-133	-111	-160	-110	-62