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Docebo Valuation Multiples
Discover revenue and EBITDA valuation multiples for Docebo and similar public comparables like Vasta Platform, Gaotu Techedu, Jiangsu Chuanzhiboke, NIIT Learning Systems and more.
Docebo Overview
About Docebo
Docebo Inc is a provider of cloud-based learning management systems. The solutions provided by the company allow learning administrators to deliver scalable and flexible personalized learning experiences, from formal training to social learning to multiple internal, external, and blended audiences. The group provides an easy-to-use, configurable, and affordable learning platform with the end-to-end capabilities and critical functionality needed to train both internal and external workforces, partners, and customers. The majority of the revenue is derived from customers based in North America.
Founded
2016
HQ
Employees
991
Website
Financials (LTM)
EV
$360M
Docebo Financials
Docebo reported last 12-month revenue of $250M and EBITDA of $47M.
In the same LTM period, Docebo generated $201M in gross profit, $47M in EBITDA, and $38M in net income.
Revenue (LTM)
Docebo P&L
In the most recent fiscal year, Docebo reported revenue of $243M and EBITDA of $44M.
Docebo expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $250M | XXX | $243M | XXX | XXX | XXX |
| Gross Profit | $201M | XXX | $195M | XXX | XXX | XXX |
| Gross Margin | 80% | XXX | 80% | XXX | XXX | XXX |
| EBITDA | $47M | XXX | $44M | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $38M | XXX | $38M | XXX | XXX | XXX |
| Net Margin | 15% | XXX | 15% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Docebo Stock Performance
Docebo has current market cap of $431M, and enterprise value of $360M.
Market Cap Evolution
Docebo's stock price is $16.70.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $360M | $431M | 0.0% | XXX | XXX | XXX | $1.45 |
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Start Free TrialDocebo Valuation Multiples
Docebo trades at 1.4x EV/Revenue multiple, and 7.7x EV/EBITDA.
EV / Revenue (LTM)
Docebo Financial Valuation Multiples
As of April 20, 2026, Docebo has market cap of $431M and EV of $360M.
Equity research analysts estimate Docebo's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Docebo has a P/E ratio of 11.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $431M | XXX | $431M | XXX | XXX | XXX |
| EV (current) | $360M | XXX | $360M | XXX | XXX | XXX |
| EV/Revenue | 1.4x | XXX | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 7.7x | XXX | 8.2x | XXX | XXX | XXX |
| EV/EBIT | 12.0x | XXX | 14.3x | XXX | XXX | XXX |
| EV/Gross Profit | 1.8x | XXX | 1.8x | XXX | XXX | XXX |
| P/E | 11.5x | XXX | 11.5x | XXX | XXX | XXX |
| EV/FCF | 9.8x | XXX | 11.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Docebo Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Docebo Margins & Growth Rates
Docebo's revenue in the last 12 month grew by 11%.
Docebo's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.2M for the same period.
Docebo's rule of 40 is 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Docebo's rule of X is 46% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Docebo Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 22% | XXX | 22% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 30% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 46% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 31% | XXX | 31% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 14% | XXX | 17% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 20% | XXX | 21% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 70% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Docebo Public Comps
See public comps and valuation multiples for other Learning Platforms and Education Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Docebo | XXX | XXX | XXX | XXX | XXX | XXX |
| Vasta Platform | XXX | XXX | XXX | XXX | XXX | XXX |
| Gaotu Techedu | XXX | XXX | XXX | XXX | XXX | XXX |
| Jiangsu Chuanzhiboke | XXX | XXX | XXX | XXX | XXX | XXX |
| NIIT Learning Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| D2L | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Docebo M&A Activity
Docebo acquired XXX companies to date.
Last acquisition by Docebo was on XXXXXXXX, XXXXX. Docebo acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Docebo
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialDocebo Investment Activity
Docebo invested in XXX companies to date.
Docebo made its latest investment on XXXXXXXX, XXXXX. Docebo invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Docebo
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Docebo
| When was Docebo founded? | Docebo was founded in 2016. |
| Where is Docebo headquartered? | Docebo is headquartered in Canada. |
| How many employees does Docebo have? | As of today, Docebo has over 991 employees. |
| Who is the CEO of Docebo? | Docebo's CEO is Alessio Artuffo. |
| Is Docebo publicly listed? | Yes, Docebo is a public company listed on Nasdaq. |
| What is the stock symbol of Docebo? | Docebo trades under DCBO ticker. |
| When did Docebo go public? | Docebo went public in 2019. |
| Who are competitors of Docebo? | Docebo main competitors are Vasta Platform, Gaotu Techedu, Jiangsu Chuanzhiboke, NIIT Learning Systems. |
| What is the current market cap of Docebo? | Docebo's current market cap is $431M. |
| What is the current revenue of Docebo? | Docebo's last 12 months revenue is $250M. |
| What is the current revenue growth of Docebo? | Docebo revenue growth (NTM/LTM) is 11%. |
| What is the current EV/Revenue multiple of Docebo? | Current revenue multiple of Docebo is 1.4x. |
| Is Docebo profitable? | Yes, Docebo is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Docebo? | Docebo's last 12 months EBITDA is $47M. |
| What is Docebo's EBITDA margin? | Docebo's last 12 months EBITDA margin is 19%. |
| What is the current EV/EBITDA multiple of Docebo? | Current EBITDA multiple of Docebo is 7.7x. |
| What is the current FCF of Docebo? | Docebo's last 12 months FCF is $37M. |
| What is Docebo's FCF margin? | Docebo's last 12 months FCF margin is 15%. |
| What is the current EV/FCF multiple of Docebo? | Current FCF multiple of Docebo is 9.8x. |
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