Valuation
26% of the score, 33% here after data gaps
33median 50
Docebo Inc. is valued at 32.8x its operating profit, including debt: a very rich multiple.
60x
50x
35x
25x
18x
12x
8x
32.8x
Full points at 8x or less, none from 60xfull points
DCBODocebo Inc.
$24.24-11% 1Y
$24.24
$14.7052 weeks$28.22
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 70 out of 100, Above average
Above average. Docebo Inc. scores higher than 77% of the 2,291 companies Ryufin scores.
Carried by return on capital and return on new capital, held back by valuation.
Technology median 43 · all companies 54
How the score has moved
At each fiscal year end, from the reports and price of the time14
80
70
20232025today
The biggest move was up 66 points from 2023 to 2025, mostly return on capital.
Return on capital
18% of the score, 23% here after data gaps
100median 23
Customers and suppliers fund the business: it runs on no capital of its own.
Return on new capital
16% of the score, 20% here after data gaps
100median 33
For every dollar of operating profit earned over 6 years, yearly profit grew by 105 cents. New capital earned 500%, and 9.4% of profit went back into the business.
-5%
12%
105%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score, 18% here after data gaps
75median 63
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countUp 0.3% a year over 5 years: new shares
595%
-3%
0.3%
0 pointsfull points
Assets against salesAssets grew -4.1% a year, sales 31%
10012%
-2%
-35%
0 pointsfull points
Cycle position
Taken out: its 12% is shared by the others
n/ano data
Margins have been too thin to measure a cycle against.
Balance sheet
Taken out: its 8% is shared by the others
n/ano data
No debt or interest figures on file.
Earnings quality
6% of the score, 8% here after data gaps
49median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 1.09x profit over 3 years
730.7x
1x
1.3x
1.1x
0 pointsfull points
AccrualsProfit ran ahead of cash by 4.7% of assets
258%
0%
-8%
4.7%
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. For DCBO, cycle position and balance sheet could not be measured from the filings, so they are taken out and the remaining weights scale up.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2025-03-31, latest annual report FY2025.
Software, Application
Ranks #14 of 96 by RyuScore