Dynatrace Holdings LLC (DT) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Dynatrace Holdings LLC stock $38.00, price $43.70, that is 13.0% below the price, quality 69 out of 100. Rating: overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range $30.11 – $78.76 · fair‑value band $26.60 – $49.40 · the $43.70 price screens above the $38.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Dynatrace, Inc. engages in the advancement of observability for digital businesses, which transforms the complexity of modern digital ecosystems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.
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The company operates Dynatrace, an AI-powered observability platform, which provides solutions, including infrastructure, application, threat, and AI observability; digital experience; log analytics; application security; software delivery; and business analytics.
It also offers implementation, consulting, and training services. The company markets its products through a combination of global direct sales team and a network of partners, including global system integrators (GSIs), cloud providers, resellers and technology alliance partners.
It serves customers in various industries, including banking, financial services, government, insurance, retail and wholesale, transportation, and software. Dynatrace, Inc. was founded in 2005 and is headquartered in Boston, Massachusetts.
Stock analysis
Dynatrace Holdings LLC (DT) currently trades at $43.70, while our model-based Fair Value estimate is $38.00, 13% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $36.86 per share, and 4 of the 24 models we run sit above the $43.70 price.
Bear case: the Economic Profit group reads lowest at $7.52, and 20 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $26.60 (bear) to $49.40 (bull), the price of $43.70 sits inside 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 69/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Dynatrace Holdings LLC reported revenue of $2.0B in FY2026 versus $929M in FY2022, a compound +21.4%/yr. Reported net income was $163M in FY2026, compounding +32.7%/yr from FY2022.
Key figures
Market cap $13.1B Large · P/E ratio 101.6 · P/S ratio 6.23 · EPS (TTM) $0.4300 · Net margin 7.2% · Return on equity 5.9% · Return on assets (EBIT) 4.1% · Operating margin 12.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 33% below its 52-week high and 35% 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 −13%, DT screens richer than that median.
Fair Value models
Bear$26.60Fair Value $38.00Bull$49.40
Price $43.70 · Downside -13.0%
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 2026 figures (about 7 months old). Earnings retained since then ($0.2592 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, one officer or director sold shares worth $2.9M and none bought.
SaleBernd GreifenederEVP, Chief Technology Officer5× since Dec 5, 2025: 50,516 shares, avg. $57.07$2.9MSep 18, 2026
BuyStephen A McMahonEVP, Chief Customer Officer3,000 shares at $35.75$107,250Mar 3, 2026
SaleDan ZugelderEVP, Chief Revenue Officer7,505 shares at $45.27$339,751Dec 10, 202510b5-1 plan
SaleLisa M CampbellDirector253 shares at $44.24$11,193Dec 5, 202510b5-1 plan
SaleDaniel S. YatesSVP, Chief Accounting Officer2,000 shares at $46.69$93,380Nov 17, 202510b5-1 plan
SaleRick M McConnellChief Executive Officer, Director30,000 shares at $46.61$1.4MNov 11, 202510b5-1 plan
Plus 27 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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+18.8%
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.
+20.3%
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.
+23.5%
Start year 2021 (pandemic)
Revenue growth 9 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.
+19.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+35.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+35.1%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.19.6% vs 69.1%, slowing
Profit margin 2021 to 2026 ⓘ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.13% → 13%
Pace: the 5-year rate starts in 2021 (pandemic)
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).
+8.8%
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.
+14.3%
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 +6.3% a year for the price and +11.6% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (96 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.Positive
Recent news coverage is more positive than average.
AI conclusion: Dynatrace's observability platform benefits from high gross margins and new AI evaluation tools yet shows only thin evidence of durable advantage alongside modest returns.
Main risk: Competitors such as Datadog, New Relic, Elastic, Grafana and hyperscalers like AWS CloudWatch or Azure Monitor could capture customers with lower-cost offerings and force Dynatrace to cut prices or accept thinner margins on its observability platform.
Bull case: Dynatrace could integrate Arize capabilities and its deterministic AI engine to become the preferred control plane for enterprise AI workloads, expanding its addressable market and deepening customer lock-in despite competitive pressure.
Bear case: If cheaper alternatives and hyperscaler tools gain traction while regulatory burdens mount, Dynatrace could lose market share, face sustained margin pressure from price competition and higher compliance costs, and see slower platform adoption.
Dynatrace has completed its acquisition of Arize, adding AI model and agent evaluation capabilities to its observability platform. The move targets full-lifecycle visibility for AI applications from development through production, yet integration work lies ahead and will consume resources. Our models see the stock as overvalued. Will the added tools drive faster platform adoption, or will the costs and complexities slow progress?
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 · 632 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside−13.0% · Below median
Profitability
Return on equity (12 months)5.9% · Above median
Return on assets3.7% · Above median
Net margin (12 months)7.2% · Above median
Operating margin (12 months)12.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)16.2% · Above median
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)101.6× · Priciest 25%
P/B5.00× · Priciest 25%
P/S (12 months)6.23× · Priciest 25%
Price / free cash flow (fiscal year)24.8× · Pricier than median
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Is Dynatrace Holdings LLC (DT) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of $38.00 versus a price of $43.70, about 13% lower (overvalued).
What is the fair value of DT?
Our model-based fair value for Dynatrace Holdings LLC is $38.00 (as of Nov 4, 2026), built from audited fundamentals. The current price: $43.70.
What is the quality score of DT?
Dynatrace Holdings LLC has a Quality Score of 69/100. 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 Dynatrace Holdings LLC (DT)?
Our model-based price target is the fair value of $38.00 (as of Nov 4, 2026) from 24 valuation models. Cautious scenario $26.60, optimistic scenario $49.40. It is a calculation from audited fundamentals, not an analyst target.
What is the Dynatrace Holdings LLC stock forecast for 2026?
Our models put fair value at $38.00, about 13% lower versus a price of $43.70 (overvalued). Cautious scenario $26.60, optimistic scenario $49.40. The calculation is refreshed regularly with new filings.
What is the revenue of Dynatrace Holdings LLC (DT)?
Dynatrace Holdings LLC reported trailing-twelve-month revenue of about $2.1B (latest available figure, as of Nov 4, 2026).
What growth is priced into Dynatrace Holdings LLC (DT)?
For today's price to be fair in a discounted-cash-flow model, Dynatrace Holdings LLC would have to grow free cash flow by +8.8 % per year for five years (discount rate 8.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +23.5 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of DT use?
Our models discount Dynatrace Holdings LLC at 8.6 %: a base by market capitalisation (large), damped by beta 0.74, 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 Dynatrace Holdings LLC that is +8.8 % per year a year over ten years, using the same discount rate (8.6 %) and the same formula as our fair value.
How much growth has Dynatrace Holdings LLC (DT) delivered so far?
Over the past 5 years revenue at Dynatrace Holdings LLC grew +23.5 % a year. The price currently implies +8.8 % 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 Dynatrace Holdings LLC (DT) growing?
The median revenue growth in the sector is +11.3 % a year. That is the yardstick for the growth priced into Dynatrace Holdings LLC (+8.8 % 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 Dynatrace Holdings LLC (DT)?
The free-cash-flow yield on the price is 4.04 %: that much free cash flow Dynatrace Holdings LLC produces per unit of market value. When it exceeds the discount rate of our models (8.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dynatrace Holdings LLC (DT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dynatrace Holdings LLC it is $38.00 per share (as of Nov 4, 2026), against a price of $43.70. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Dynatrace Holdings LLC stock overvalued or undervalued in 2026?
As of Nov 4, 2026, DT trades above its calculated fair value: price $43.70, fair value $38.00, a gap of about −13% (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 DT?
No. The price is what the market pays today ($43.70); the fair value is what the company's own numbers justify ($38.00). For Dynatrace Holdings LLC the two are $5.70 per share apart. That gap is exactly why we show both numbers side by side.
How much is Dynatrace Holdings LLC worth?
The market values Dynatrace Holdings LLC at about $13.1B (market capitalisation, as of Nov 4, 2026). Per share that is $43.70; our models calculate a fair value of $38.00 per share.
What do the bullish and bearish scenarios say about DT?
Our models span a range for Dynatrace Holdings LLC: cautious scenario $26.60, base $38.00, optimistic $49.40 per share (as of Nov 4, 2026, price $43.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DT?
Dynatrace Holdings LLC trades at a price-to-earnings ratio of 101.6 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $38.00 is built from several models across several years. Excluding one-off items of fiscal year 2026 it is 36.4 (reported for FY2026: 80.9). Median P/E at fiscal year-end, 6 fiscal years (2021 to 2026), reported earnings: 102.1. Other multiples: PEG 1.1, P/B 5.0, P/S 6.2, EV/EBITDA 41.1.
What is the PEG ratio of DT?
The PEG ratio of Dynatrace Holdings LLC is 1.12 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Dynatrace Holdings LLC (DT)?
Balance-sheet figures for Dynatrace Holdings LLC (as of Nov 4, 2026): return on equity 5.9%. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is DT from its 52-week high?
Dynatrace Holdings LLC trades at $43.70, about 33% below its 52-week high of $65.25 and 35% above the low of $32.36 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $38.00 is for.
Which stocks are comparable to Dynatrace Holdings LLC?
From the same area (Technology) we also value SAP SE, Shopify Inc, Salesforce, 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 Dynatrace Holdings LLC stock attractive at the current price?
The data as of Nov 4, 2026: price $43.70, calculated fair value $38.00 (−13%), Quality Score 69/100, 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 DT calculated?
We run Dynatrace Holdings LLC through 24 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 $38.00, 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 15.5% above its aggregate fair value. Dynatrace Holdings LLC 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 Dynatrace Holdings LLC (DT)?
The closing price on Nov 5, 2026 was $43.70. Our model-based fair value is $38.00, about 13% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dynatrace Holdings LLC right now?
Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($26.60 to $49.40) leaves room in how you read the outcome.
Key figures of Dynatrace Holdings LLC
How large is the market capitalisation of Dynatrace Holdings LLC (DT)?
The market capitalisation of Dynatrace Holdings LLC is $13.1B. 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 Dynatrace Holdings LLC (DT)?
The price-to-sales ratio of Dynatrace Holdings LLC is 6.23 (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 Dynatrace Holdings LLC (DT)?
Earnings per share at Dynatrace Holdings LLC are $0.4300 (price ÷ EPS = P/E 101.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Dynatrace Holdings LLC (DT)?
The net margin of Dynatrace Holdings LLC is 7.2% (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 Dynatrace Holdings LLC (DT)?
The return on equity (ROE) of Dynatrace Holdings LLC is 5.9% (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 Dynatrace Holdings LLC (DT)?
On an EBIT basis the return on assets of Dynatrace Holdings LLC is 4.1% (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 Dynatrace Holdings LLC (DT)?
The operating margin of Dynatrace Holdings LLC is 12.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dynatrace Holdings LLC (DT)?
Revenue at Dynatrace Holdings LLC is growing +16.2% versus a year earlier (3y avg +20.3%). 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 Dynatrace Holdings LLC (DT)?
Earnings per share at Dynatrace Holdings LLC are growing −24.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Dynatrace Holdings LLC (DT) hold?
Dynatrace Holdings LLC holds more cash than debt, $933M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Some data
Nov 4, 2026