Now that some of the irrational exuberance has died down, DocuSign could be priced for gains. A slowdown was always inevitable after the pandemic boom accelerated the transition to remote work and collaboration services. With those catalysts in the rearview mirror, DocuSign continues to report growth while producing free cash flow. Its forward P/E ratio still isn't exactly cheap at 48.5, but it's finally reached a level that allows for long-term gains if the company can execute over the next few years.