Udemy
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
-19.13-100N/A
Price/Sales ratio
1.070.960.95
Earnings per Share (EPS)
$-0.36$-0.07N/A

Historical Multiples (2019 – 2023)

2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-55.07-49.45-35.07-9.65-20.60-8.37-42.26
Price/Sales ratio
13.898.935.242.363.032.043.80
Price/Book Value ratio
-17.01-14.726.934.386.193.795.65
Price/Cash Flow ratio
-233.30398.90-382.78-24.38-1.10K-21.138.06
Price/Free Cash Flow ratio
-139.21-781.41-107.45-19.38-146.70-16.79-444.43
Price/Earnings Growth ratio
N/A-4.12N/A-0.100.590.120.06
Dividend Yield
N/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
48.06%51.32%54.44%56.23%57.52%56.23%52.88%
Operating Profit Margin
-24.61%-17.06%-14.55%-24.03%-16.72%-24.03%-19.29%
Pretax Profit Margin
-24.72%-17.32%-14.73%-24.09%-14.21%-24.09%-19.41%
Net Profit Margin
-25.22%-18.05%-14.96%-24.45%-14.71%-24.45%-19.71%
Effective Tax Rate
-2.01%-4.22%-1.54%-1.50%-3.52%-1.50%-2.88%
Return on Assets
-59.42%-27.51%-10.47%-20.86%-14.47%-20.86%-15.67%
Return On Equity
30.89%29.77%-19.76%-45.34%-30.06%-42.41%-31.08%
Return on Capital Employed
102.15%-401.35%-18.99%-43.11%-33.75%-43.11%-31.05%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/A1.58N/A
Quick Ratio
0.410.841.771.511.661.471.64
Cash ratio
0.260.661.550.810.800.811.18
Days of Sales Outstanding
35.4039.2751.5460.6446.3460.6445.41
Days of Inventory outstanding
18.8825.3649.6540.08N/AN/A44.86
Operating Cycle
54.2964.64101.20100.7346.3414.95100.96
Days of Payables Outstanding
41.5141.3553.5419.262.9519.2636.40
Cash Conversion Cycle
12.7723.2847.6581.4643.3941.3864.56
Debt Ratios
Debt Ratio
N/AN/AN/A0.000.000.530.26
Debt Equity Ratio
N/AN/AN/A0.020.011.170.58
Long-term Debt to Capitalization
N/AN/AN/AN/AN/A0.01N/A
Total Debt to Capitalization
N/AN/AN/A0.020.010.030.01
Interest Coverage Ratio
N/AN/AN/AN/AN/A-35.18N/A
Cash Flow to Debt Ratio
N/AN/AN/A-8.70-0.34-4.49-2.24
Company Equity Multiplier
-0.51-1.081.882.172.072.170.40
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.050.02-0.01-0.09-0.00-0.09-0.05
Free Cash Flow / Operating Cash Flow Ratio
1.67-0.513.561.257.511.252.41
Cash Flow Coverage Ratio
N/AN/AN/A-8.70-0.34-4.49-2.24
Short Term Coverage Ratio
N/AN/AN/A-8.70-0.34-8.70-4.35
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/A