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DHI Group Inc (DHX) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of DHI Group Inc $2.45, price $4.60, upside -46.7%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
  3. Add to watchlist

Technology · US · ISIN US23331S1006

DG DHI Group Inc logo Some data Sep 23, 2026

DHI Group Inc

DHX · US

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value $2.45 · Strongly overvalued (−47%)
!Quality 53/100
!Weak Growth (revenue 5y +2.8 %/yr)
!Loss-making · -1.8% net margin (TTM)
✓Low debt · generates free cash flow
!Trails peers (5/13)
!Narrow moat 28/100
!Evidence only medium, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$7.22 $1.21 Fair Value $2.45 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range $1.21 – $7.22 · fair‑value band $1.89 – $3.31 · the $4.60 price screens above the $2.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

DHI Group, Inc. provides data, insights, and employment connections through specialized services for technology professionals and other select online communities in the United States. The company operates through the Clearancejobs and Dice segments.

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DHI Group, Inc. provides data, insights, and employment connections through specialized services for technology professionals and other select online communities in the United States. The company operates through the Clearancejobs and Dice segments. Its solutions include talent profiles; job postings; employer branding; and other services, such as virtual and live career events, sourcing services, and content and data services that provide tailored content to help professionals manage their careers and provide employers insight into recruiting strategies and trends. The company also operates ClearanceJobs, an online career community, which connects security-cleared professionals with employers in a secure and private environment to fill the jobs that safeguard its nation; and Dice that offers job postings of technology and non-technology companies for industries, such as positions for software engineers, big data professionals, systems administrators, database specialists, project managers, and various other technology and engineering professionals. It serves small, mid-sized, and large direct employers; staffing companies; recruiting agencies; staffing and consulting firms; and marketing departments of companies, as well as direct hiring companies. The company offers its products and services through its direct sales force and agency partner channel. The company was formerly known as Dice Holdings, Inc. and changed its name to DHI Group, Inc. in April 2015. DHI Group, Inc. was founded in 1990 and is headquartered in Centennial, Colorado.

Stock analysis

DHI Group Inc (DHX) currently trades at $4.60, while our model-based Fair Value estimate is $2.45, implying the stock looks roughly 87.8% overvalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of $2.76 per share, and 0 of the 10 models we run sit above the $4.60 price.

Bear case: the Asset-Based group reads lowest at $1.47, and 10 of the 10 models stay below the price. Evidence for this calculation is medium.

Scenario range: $1.89 (bear) to $3.31 (bull), the price of $4.60 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 53/100 (solid quality), in the Technology sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

DHI Group Inc reported revenue of $128M in FY2025 versus $120M in FY2021, a compound +1.6%/yr. Reported net income was −$13.5M in FY2025.

Key figures

Market cap $206M · P/S ratio 1.31 · EPS (TTM) $−0.0500 · Net margin −10.6% · Return on equity −2.3% · Return on assets (EBIT) 0.3% · Operating margin 11.5% · Revenue (TTM) $125M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).

What moves the price

The share trades about 8% below its 52-week high and 207% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −13% fair-value upside, at −47%, DHX screens richer than that median.

Fair Value models

Bear $1.89 Fair Value $2.45 Bull $3.31
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
FCF DCF $2.11 $2.74 $3.79 81
Growth DCF $2.16 $2.76 $3.67 80
5Y EBITDA Exit $0.9200 $1.19 $1.54 76
All 10 models by family
DCF Models
FCF DCF $2.11 $2.74 $3.79 81
5Y Revenue Exit $2.08 $3.17 $4.73 72
5Y EBITDA Exit $0.9200 $1.19 $1.54 76
10Y Revenue Exit $2.01 $2.87 $3.83 67
10Y EBITDA Exit $1.46 $1.75 $2.03 70
Multiples
EV/EBITDA n/a $0.1700 $0.3700 62
EV/Revenue $2.28 $3.52 $4.77 53
Asset-Based
NCAV (Graham) $1.09 $1.47 $2.19 54
Growth DCF
Growth DCF $2.16 $2.76 $3.67 80
Rev-Margin DCF $2.08 $3.23 $4.65 72

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Quality Score breakdown

Overall quality 53/100

Of which business quality 51 · Market factors (momentum, volatility) 70

Profitability 29
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 21
Calm price path (market factor)
Momentum 89
Price trend over the last 3–12 months (market factor)
52W Momentum 93
Distance to the 52-week high (market factor)
Net Issuance 92
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 35/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−9.9%
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.
−5.1%
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.
+2.8%
Start year 2020 (pandemic). Over 10 years: −6.8% a year
Revenue growth 22 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.
+12.1%
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.
−29.1% (2020) → −8.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more 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).
+18.2%
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.
+1.2%
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 +15.4% a year for the price and −1.2% for the forecasts.
Forecast 2026 (sales)−2.1%
Forecast 2027 (sales)+2.1%
Projected 2028 (sales)+2.0%
Projected 2029 (sales)+2.0%
Projected 2030 (sales)+2.0%

DHX screens 88% overvalued. Compare with SAP SE →

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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 · 721 stocks

Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 53 · Below median
Fair Value upside −47% · Below median
Profitability
Return on assets 5% · Above median
Net margin (TTM) −2% · Below median
Operating margin (TTM) 12% · Above median
Growth and dividend
Revenue growth −10% · Bottom 25%
Balance sheet
Debt / equity 0.32× · Highest 25%

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B 2.18× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (TTM) 1.65× · Cheaper than median
P/FCF 14.9× · Pricier than median
EV/EBITDA 7.8× · Cheapest 25%
PEG 1.56× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 27
FUTURE (revenue growth)0 · sector 38
PAST (return on equity)0 · sector 16
HEALTH (low debt)84 · sector 97
DIVIDEND (yield)0 · sector 30

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
SAP SE SAP €182.32 €159.06 −13%
Shopify Inc SHOP $147.74 $64.36 −56%
Uber Technologies, Inc UBER $69.89 $104.82 +50%
Salesforce, Inc CRM $233.28 $344.41 +48%
ServiceNow, Inc NOW $137.00 $150.70 +10%
Cadence Design Systems, Inc CDNS $302.95 $225.14 −26%
Snowflake Inc SNOW $336.59 $75.08 −78%
Datadog, Inc DDOG $247.48 $32.92 −87%
Adobe Inc ADBE $238.25 $454.04 +91%
Automatic Data Processing, Inc ADP $269.64 $177.51 −34%

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DHI Group Inc · Fair Value
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Cite: Fair Value Calculator (2026). "DHI Group Inc Fair Value". https://www.fairvalue-calculator.com/stock/DHX

Frequently asked questions

Is DHI Group Inc (DHX) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $2.45 versus a price of $4.60, about −47% upside (overvalued).
What is the fair value of DHX?
Our model-based fair value for DHI Group Inc is $2.45 (as of Sep 23, 2026), built from audited fundamentals. The current price: $4.60.
What is the quality score of DHX?
DHI Group Inc has a Quality Score of 53/100. 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 DHI Group Inc (DHX)?
Our model-based price target is the fair value of $2.45 (as of Sep 23, 2026) from 10 valuation models. Cautious scenario $1.89, optimistic scenario $3.31. It is a calculation from audited fundamentals, not an analyst target.
What is the DHI Group Inc stock forecast for 2026?
Our models put fair value at $2.45, about −47% upside versus a price of $4.60 (overvalued). Cautious scenario $1.89, optimistic scenario $3.31. The calculation is refreshed regularly with new filings.
What is the revenue of DHI Group Inc (DHX)?
DHI Group Inc reported trailing-twelve-month revenue of about $125M (latest available figure, as of Sep 23, 2026).
What growth is priced into DHI Group Inc (DHX)?
For today's price to be fair in a discounted-cash-flow model, DHI Group Inc would have to grow free cash flow by +18.2 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.8 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of DHX use?
Our models discount DHI Group Inc at 13.5 %: a base by market capitalisation (micro), damped by beta 1.25, 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 DHI Group Inc that is +18.2 % per year a year over ten years, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has DHI Group Inc (DHX) delivered so far?
Over the past 5 years revenue at DHI Group Inc grew +2.8 % a year. The price currently implies +18.2 % per year free-cash-flow growth a 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 DHI Group Inc (DHX) growing?
The median revenue growth in the sector is +1.6 % a year. That is the yardstick for the growth priced into DHI Group Inc (+18.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of DHI Group Inc (DHX)?
The free-cash-flow yield on the price is 6.70 %: that much free cash flow DHI Group Inc produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of DHI Group Inc (DHX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DHI Group Inc it is $2.45 per share (as of Sep 23, 2026), against a price of $4.60. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is DHI Group Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, DHX trades above its calculated fair value: price $4.60, fair value $2.45, a gap of about −47% (overvalued). 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 DHX?
No. The price is what the market pays today ($4.60); the fair value is what the company's own numbers justify ($2.45). For DHI Group Inc the two are $2.15 per share apart. That gap is exactly why we show both numbers side by side.
How much is DHI Group Inc worth?
The market values DHI Group Inc at about $206M (market capitalisation, as of Sep 23, 2026). Per share that is $4.60; our models calculate a fair value of $2.45 per share.
What do the bullish and bearish scenarios say about DHX?
Our models span a range for DHI Group Inc: cautious scenario $1.89, base $2.45, optimistic $3.31 per share (as of Sep 23, 2026, price $4.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of DHX?
The PEG ratio of DHI Group Inc is 1.56 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of DHI Group Inc (DHX)?
Balance-sheet figures for DHI Group Inc (as of Sep 23, 2026): return on equity −2.3%, debt of 0.32 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is DHX from its 52-week high?
DHI Group Inc trades at $4.60, about 8% below its 52-week high of $4.99 and 207% above the low of $1.50 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $2.45 is for.
Which stocks are comparable to DHI Group Inc?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, 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 DHI Group Inc stock attractive at the current price?
The data as of Sep 23, 2026: price $4.60, calculated fair value $2.45 (−47%), Quality Score 53/100, from 10 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 DHX calculated?
We run DHI Group Inc through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $2.45, 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 13.2 % above its aggregate fair value. DHI Group Inc itself currently trades above fair value. 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 DHI Group Inc (DHX)?
The closing price on Sep 23, 2026 was $4.60. Our model-based fair value is $2.45, about −47% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DHI Group Inc right now?
The price sits above even our optimistic bull case ($3.31). The favourable scenario is already priced in. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of DHI Group Inc

How large is the market capitalisation of DHI Group Inc (DHX)?
The market capitalisation of DHI Group Inc is $206M. 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 DHI Group Inc (DHX)?
The price-to-sales ratio of DHI Group Inc is 1.31 (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 DHI Group Inc (DHX)?
Earnings per share at DHI Group Inc are $−0.0500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of DHI Group Inc (DHX)?
The net margin of DHI Group Inc is −10.6% (fiscal year 2025). 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 DHI Group Inc (DHX)?
The return on equity (ROE) of DHI Group Inc is −2.3% (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 DHI Group Inc (DHX)?
On an EBIT basis the return on assets of DHI Group Inc is 0.3% (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 DHI Group Inc (DHX)?
The operating margin of DHI Group Inc is 11.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DHI Group Inc (DHX)?
Revenue at DHI Group Inc is growing −10.2% versus a year earlier (3y avg −5.1%). 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 DHI Group Inc (DHX)?
Earnings per share at DHI Group Inc are growing +36.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does DHI Group Inc (DHX) carry?
The net debt of DHI Group Inc is $43.7M (fiscal year 2025, ≈ 3.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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