DraftKings Inc (DKNG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of DraftKings Inc stock $1.46, price $18.51, that is 92.1% below the price, quality 65 out of 100. Rating: strongly overvalued. Calculated from audited financials with 19 of our 26 valuation models and 37 quality factors, updated daily.
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DraftKings Inc
DKNG · USOur calculation puts a fair price 92% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $10.27 – $63.67 · fair‑value band $1.38 – $1.62 · the $18.51 price screens above the $1.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
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Company profile
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. The company offers online and retail sports betting, daily fantasy sports, digital lottery couriers, prediction markets, and other products, as well as retails sportsbooks.
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It also provides iGaming, or online casino products, which includes blackjack, roulette, baccarat and slot machines. In addition, the company engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators.
DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.
Stock analysis
DraftKings Inc (DKNG) currently trades at $18.51, while our model-based Fair Value estimate is $1.46, 92% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $2.89 per share, and 7 of the 19 models we run sit above the $18.51 price.
Bear case: the Earnings-Based group reads lowest at $0.2600, and 12 of the 19 models stay below the price. Data coverage for this calculation is low.
Scenario range: $1.38 (bear) to $1.62 (bull), the price of $18.51 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
DraftKings Inc reported revenue of $6.1B in FY2025 versus $1.3B in FY2021, a compound +47.0%/yr. Reported net income was $3.7M in FY2025.
Key figures
Market cap $11.7B Large · P/S ratio 1.88 · EPS (TTM) $−0.3500 · Net margin −2.7% · Return on equity −21.1% · Return on assets (EBIT) −22.1% (5-year average) · Operating margin −4.7% · Revenue (TTM) $6.2B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).
What moves the price
The share trades about 49% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 12% fair-value upside, at −92%, DKNG screens richer than that median.
Fair Value models
All 19 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 4 officers or directors sold shares worth $3.0M and none bought.
- SaleJocelyn MooreDirector2× since Mar 13, 2026: 12,909 shares, avg. $24.31$313,794Aug 19, 202610b5-1 plan
- SaleR Stanton DodgeChief Legal Officer3× since Dec 1, 2025: 168,054 shares, avg. $31.72$5.3MJun 11, 202610b5-1 plan
- SaleErik BradburyChief Accounting Officer3× since Feb 19, 2026: 11,013 shares, avg. $23.26$256,165May 20, 202610b5-1 plan
- SaleWoodrow LevinDirector34,234 shares at $25.71$880,156May 18, 2026
- SalePaul LibermanOfficer, Director484,417 shares at $25.16$12.2MMar 11, 202610b5-1 plan
- BuyHarry SloanDirector2× since Nov 11, 2025: 125,000 shares, avg. $23.54$2.9MFeb 17, 2026
- SaleAlan Wayne EllingsonChief Financial Officer8,421 shares at $29.23$246,146Nov 14, 202510b5-1 plan
- BuyGregory Westin WendtDirector10,000 shares at $30.27$302,700Nov 11, 2025
Plus 26 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
DKNG screens overvalued: fair value 92% below the price. Compare with Evolution AB →
Recent news
- DraftKings (DKNG) Stock May Be Undervalued As Q3 Miss Resets Outlook
- DraftKings Inc (DKNG) (Q3 2026) Earnings Call Highlights: Predictions Bet Pays Off as Revenue ...
- DraftKings Shares Plunge as BofA Cites Prediction Business Spending For 2027 Expectations Reset
- DraftKings forecasts $800M-$1B 2027 adjusted EBITDA as predictions revenue is guided to $650M-$750M
Compare DraftKings Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gambling · 45 stocks
Valuation Multiplesvs Gambling median · lower = cheaper
Context: sector, industry, market
- Is the Consumer Discretionary sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EBIT margin by industry
- P/S ratio by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Gambling stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Evolution AB EVO | kr 847.60 | kr 2,229 | +163% | vs DKNG |
| Flutter Entertainment plc FLUT | $81.70 | $194.39 | +138% | vs DKNG |
| Brightstar Lottery PLC BRSL | $9.90 | $13.37 | +35% | vs DKNG |
| Light & Wonder, Inc LNWO | $80.84 | $101.80 | +26% | vs DKNG |
| Super Group SGHC | $11.36 | $12.71 | +12% | vs DKNG |
| Churchill Downs Incorporated CHDN | $97.94 | $108.00 | +10% | vs DKNG |
| Lottomatica Group LTMC | €27.57 | €30.24 | +10% | vs DKNG |
| FDJ United FDJU | €21.68 | €23.47 | +8% | vs DKNG |
| Rush Street Interactive, Inc RSI | $12.28 | $13.09 | +7% | vs DKNG |
| The Lottery Corporation TLC | A$5.49 | A$2.08 | −62% | vs DKNG |
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Frequently asked questions
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Key figures of DraftKings Inc
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