Dave Inc (DAVE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Dave Inc stock $447, price $279, upside +60.5%, quality 84 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $4.55 – $457.60 · fair‑value band $280.36 – $779.22 · the $278.59 price screens below the $447.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Dave Inc. provides various financial products and services through its financial services platform in the United States.
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It offers Budget, personal financial management tool that helps members anticipate upcoming transactions and receive notifications by utilizing historical bank account data to identify recurring charges; ExtraCash, a form of a discretionary overdraft to bridge liquidity gaps between paycheck; Side Hustle, a job application portal to find supplemental or temporary work.
The company also provides Dave Checking, a digital demand deposit account. Dave Inc. was founded in 2015 and is headquartered in Los Angeles, California.
Stock analysis
Dave Inc (DAVE) currently trades at $278.59, while our model-based Fair Value estimate is $447.08, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $865.19 per share, and 17 of the 24 models we run sit above the $278.59 price.
Bear case: the Economic Profit group reads lowest at $161.65, and 7 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $280.36 (bear) to $779.22 (bull), the price of $278.59 sits below 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 84/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Dave Inc reported revenue of $554M in FY2025 versus $153M in FY2021, a compound +38.0%/yr. Reported net income was $196M in FY2025.
Key figures
Market cap $4.3B Mid · P/E ratio 21.7 · P/S ratio 6.66 · EPS (TTM) $15.51 · Net margin 34.6% · Return on equity 105% · Return on assets (EBIT) −2.1% (5-year average) · Operating margin 33.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 90 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 79% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at 60%, DAVE screens cheaper than that median.
Fair Value models
Bear$280.36Fair Value $447.08Bull$779.22
Price $278.59 · Upside +60.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($13.26 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 3 officers or directors sold shares worth $3.6M and none bought.
SaleDan PrestonDirector550 shares at $253.74$139,557Jun 5, 202610b5-1 plan
SaleJason WilkChief Executive Officer, Director2× since Dec 2, 2025: 15,867 shares, avg. $241.84$3.8MJun 2, 2026
SaleKyle BeilmanCFO and COO and Secretary2× since Dec 2, 2025: 7,617 shares, avg. $242.33$1.8MJun 2, 2026
SaleAndrea MitchellDirector30,000 shares at $213.03$6.4MMar 6, 202610b5-1 plan
SaleMichael W PopeDirector544 shares at $162.00$88,128Feb 2, 202610b5-1 plan
SaleImran KhanDirector4× since Dec 15, 2025: 97,771 shares, avg. $196.32$19.2MDec 18, 202510b5-1 plan
Plus 8 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.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+59.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+39.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+35.4%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+39.2%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−1.9% (2020) → 33.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: rate outside our plausibility band
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+7.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+21.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +5.1% a year for the price and +18.7% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Accelerating revenue growth and improved member economics from the CashAI rollout form the main strength, while limited public qualitative data and regulatory scrutiny remain the key weakness.
Main risk: Ongoing subpoenas from regulators in New York, Maryland and Connecticut on products, fees and marketing practices pose the biggest risk and could increase compliance costs.
Dave reported accelerating revenue growth to 31 percent and raised its full-year guidance after record member additions and improved credit metrics from its CashAI rollout. The same quarterly filing disclosed ongoing subpoenas from regulators in New York, Maryland and Connecticut seeking information on products, fees and marketing practices. Will the gains in monetization and member economics hold up against potential costs from these inquiries?
Price, fair value, quality and upside side by side.
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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.Software - Application · 630 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score84 · Top 25%
Fair Value upside+60.5% · Top 25%
Profitability
Return on equity (12 months)104.8% · Top 25%
Return on assets40.2% · Top 25%
Net margin (12 months)34.6% · Top 25%
Operating margin (12 months)33.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)29.6% · Top 25%
Balance sheet
Debt / equity0.21× · Above median
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)21.7× · Cheaper than median
P/B12.16× · Priciest 25%
P/S (12 months)6.66× · Priciest 25%
Price / free cash flow (fiscal year)14.8× · Cheaper than median
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Cite: Fair Value Calculator (2026). "Dave Inc Fair Value". https://www.fairvalue-calculator.com/stock/DAVE
Frequently asked questions
Is Dave Inc (DAVE) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $447.08 versus a price of $278.59, about +60% upside (undervalued).
What is the fair value of DAVE?
Our model-based fair value for Dave Inc is $447.08 (as of Nov 8, 2026), built from audited fundamentals. The current price: $278.59.
What is the quality score of DAVE?
Dave Inc has a Quality Score of 84/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Dave Inc (DAVE)?
Our model-based price target is the fair value of $447.08 (as of Nov 8, 2026) from 24 valuation models. Cautious scenario $280.36, optimistic scenario $779.22. It is a calculation from audited fundamentals, not an analyst target.
What is the Dave Inc stock forecast for 2026?
Our models put fair value at $447.08, about +60% upside versus a price of $278.59 (undervalued). Cautious scenario $280.36, optimistic scenario $779.22. The calculation is refreshed regularly with new filings.
What is the revenue of Dave Inc (DAVE)?
Dave Inc reported trailing-twelve-month revenue of about $644M (latest available figure, as of Nov 8, 2026).
What growth is priced into Dave Inc (DAVE)?
For today's price to be fair in a discounted-cash-flow model, Dave Inc would have to grow free cash flow by +7.6 % per year for five years (discount rate 12.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +35.4 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of DAVE use?
Our models discount Dave Inc at 12.2 %: a base by market capitalisation (mid), damped by beta 4.08, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Dave Inc that is +7.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.2 %) and the same formula as our fair value.
How much growth has Dave Inc (DAVE) delivered so far?
Over the past 5 years revenue at Dave Inc grew +35.4 % a year. The price currently implies free-cash-flow growth of +7.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Dave Inc (DAVE) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Dave Inc (+7.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Dave Inc (DAVE)?
The free-cash-flow yield on the price is 7.60 %: that much free cash flow Dave Inc produces per unit of market value. When it exceeds the discount rate of our models (12.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dave Inc (DAVE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dave Inc it is $447.08 per share (as of Nov 8, 2026), against a price of $278.59. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Dave Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, DAVE trades below its calculated fair value: price $278.59, fair value $447.08, a gap of about +60% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DAVE?
No. The price is what the market pays today ($278.59); the fair value is what the company's own numbers justify ($447.08). For Dave Inc the two are $168.49 per share apart. That gap is exactly why we show both numbers side by side.
How much is Dave Inc worth?
The market values Dave Inc at about $4.3B (market capitalisation, as of Nov 8, 2026). Per share that is $278.59; our models calculate a fair value of $447.08 per share.
What do the bullish and bearish scenarios say about DAVE?
Our models span a range for Dave Inc: cautious scenario $280.36, base $447.08, optimistic $779.22 per share (as of Nov 8, 2026, price $278.59). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DAVE?
Dave Inc trades at a price-to-earnings ratio of 21.7 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $447.08 is built from several models across several years. Other multiples: P/B 12.2, P/S 6.7, EV/EBITDA 18.4.
How solid is the balance sheet of Dave Inc (DAVE)?
Balance-sheet figures for Dave Inc (as of Nov 8, 2026): return on equity 104.8%, debt of 0.21 per unit of equity. They feed the Quality Score of 84/100, which measures business quality independently of the share price.
How far is DAVE from its 52-week high?
Dave Inc trades at $278.59, about 37% below its 52-week high of $442.53 and 79% above the low of $155.92 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $447.08 is for.
Which stocks are comparable to Dave Inc?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Dave Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $278.59, calculated fair value $447.08 (+60%), Quality Score 84/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DAVE calculated?
We run Dave Inc through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $447.08 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Dave Inc currently trades 38% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Dave Inc (DAVE)?
The closing price on Nov 6, 2026 was $278.59. Our model-based fair value is $447.08, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dave Inc right now?
The rarer combination: high quality (84/100) AND below fair value. That earns a closer look rather than a quick verdict. The model range is unusually wide ($280.36 to $779.22). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Dave Inc
How large is the market capitalisation of Dave Inc (DAVE)?
The market capitalisation of Dave Inc is $4.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Dave Inc (DAVE)?
The price-to-sales ratio of Dave Inc is 6.66 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Dave Inc (DAVE)?
Earnings per share at Dave Inc are $15.51 (price ÷ EPS = P/E 21.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Dave Inc (DAVE)?
The net margin of Dave Inc is 34.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Dave Inc (DAVE)?
The return on equity (ROE) of Dave Inc is 105% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Dave Inc (DAVE)?
On an EBIT basis the return on assets of Dave Inc is −2.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Dave Inc (DAVE)?
The operating margin of Dave Inc is 33.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dave Inc (DAVE)?
Revenue at Dave Inc is growing +29.6% versus a year earlier (3y avg +39.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Dave Inc (DAVE)?
Earnings per share at Dave Inc are growing −21.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Dave Inc (DAVE) hold?
Dave Inc holds more cash than debt, $5.3M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 8, 2026