Docebo
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
31.8326.8218.7913.41
Price/Sales ratio
4.103.502.431.92
Earnings per Share (EPS)
$0.98$1.17$1.67$2.34

Historical Multiples (2016 – 2023)

2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-516.49-194.53-133.48-102.24-246.06-162.78156.15554.07220.98-102.24
Price/Sales ratio
144.4083.0755.5729.3929.9321.237.668.7011.3129.93
Price/Book Value ratio
N/A-278.89-89.6938.819.3811.615.7031.026.769.38
Price/Cash Flow ratio
-1.37K-476.97-510.29-265.86365.34-680.38478.9698.56168.07-265.86
Price/Free Cash Flow ratio
-1.09K-387.47-447.95-246.19507.64-503.29907.92102.65223.97-246.19
Price/Earnings Growth ratio
N/A-1.15-3.15-3.155.24-2.82-1.04-9.83-3.185.24
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
73.27%74.57%79.13%80.06%81.66%80.05%80.28%80.86%80.56%80.06%
Operating Profit Margin
-29.93%-40.17%-33.07%-21.44%-8.72%-12.44%-4.84%2.57%3.06%-21.44%
Pretax Profit Margin
-29.38%-48.11%-43.03%-27.27%-11.63%-12.88%5.44%2.67%4.24%-27.27%
Net Profit Margin
-27.95%-42.70%-41.63%-28.74%-12.16%-13.04%4.91%1.57%5.12%-28.74%
Effective Tax Rate
4.86%22.83%18.26%-5.38%-4.59%-1.28%9.81%41.39%-20.65%-4.59%
Return on Assets
N/A-76.96%-84.74%-18.65%-3.00%-5.07%2.47%1.79%2.13%-18.65%
Return On Equity
N/A143.37%67.19%-37.96%-3.81%-7.13%3.65%5.59%2.99%-37.96%
Return on Capital Employed
N/A350.82%77.27%-25.16%-2.62%-6.52%-3.47%8.06%1.76%-25.16%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/A5.24N/AN/AN/A3.365.24
Quick Ratio
N/A0.730.462.045.213.633.091.263.252.04
Cash ratio
N/A0.290.151.624.803.112.560.712.831.62
Days of Sales Outstanding
N/A93.9482.7589.8391.5997.2897.3586.26100.7789.83
Days of Inventory outstanding
N/AN/A0.0026.7342.540.0036.02N/AN/A42.54
Operating Cycle
N/A93.9482.75116.56134.1497.28133.3786.2624.84134.14
Days of Payables Outstanding
N/A320.91438.22423.67509.93401.26337.11333.92363.21509.93
Cash Conversion Cycle
N/A-226.96-355.47-307.11-375.79-303.97-203.73-247.65-262.44-307.11
Debt Ratios
Debt Ratio
N/A0.350.700.000.00N/AN/AN/A0.300.00
Debt Equity Ratio
N/A-0.65-0.550.000.00N/AN/AN/A0.430.00
Long-term Debt to Capitalization
N/A-1.86-0.310.00N/AN/AN/AN/A0.000.00
Total Debt to Capitalization
N/A-1.90-1.260.000.00N/AN/AN/A0.010.00
Interest Coverage Ratio
N/AN/AN/AN/A-12.64N/AN/AN/A7.64-12.64
Cash Flow to Debt Ratio
N/A-0.89-0.31-127.27343.66N/AN/AN/A2.44-127.27
Company Equity Multiplier
N/A-1.86-0.792.031.261.401.473.121.431.43
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.10-0.17-0.10-0.110.08-0.030.010.080.06-0.11
Free Cash Flow / Operating Cash Flow Ratio
1.241.231.131.070.711.350.520.960.750.71
Cash Flow Coverage Ratio
N/A-0.89-0.31-127.27343.66N/AN/AN/A2.44-127.27
Short Term Coverage Ratio
N/A-146.57-0.54-229.1343.66N/AN/AN/A6.05-229.1
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A