COE vs DCBO Stock Comparison

51Talk Online Education and Docebo Prices as of Oct 26, 2026 Peers: Industry group
DCBO Docebo Inc.
$30.45 +33.3% 1M +7.9% 1Y
Market cap
$856.25M
P/E
42.8x
Revenue (TTM)
$258.93M
Div. yield
–
Education Technology Technology
5 wins

Head to Head

7 decided of 12

Docebo leads on 5 of the 12 questions below (Docebo 5, 51Talk Online Education 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCOEDCBOLeader
Larger companyMarket capitalisation $281.40M $856.25M DCBO
Cheaper on earningsLower P/E, profitable companies only -16.5x 42.8x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 19.4x –
Faster revenue growthRevenue growth, trailing twelve months +74.9% +12.3% COE
More profitableNet margin, trailing twelve months -14.1% 7.7% DCBO
Better return on capitalReturn on invested capital — 21.9% –
Less leveragedLower net debt / EBITDA — 1.8x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -75.7% +7.9% DCBO
Better 5-year returnAnnualised price return, 5 years +3.5%/yr -17.0%/yr COE
Less volatileAnnualised volatility, 1 year 72.4% 58.1% DCBO
Higher overall scoreMean of the five percentile scores vs peers 43/100 54/100 DCBO

Percentile Scorecard

COEDCBO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCOEDCBO
Valuation 48 #47 of 90 54 #42 of 90
Growth 61 #33 of 82 80 #17 of 82
Profitability 54 #36 of 77 78 #18 of 77
Financial Health 11 #86 of 96 25 #72 of 96
Shareholder Returns – 34 #36 of 54
Overall 43 54
  • COE ranked among 99 companies in Vertical Software
  • DCBO ranked among 99 companies in Vertical Software

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCOEDCBOSPY
1 month -0.3%+33.3% -0.8%
3 months -32.6%+51.0% +3.5%
6 months -56.2%+63.7% +7.0%
Year to date -63.9%+37.2% +12.2%
1 year -75.7%+7.9% +13.0%
3 years +44.1%-18.3% +86.3%
3 years, per year +13.0%-6.5% +23.1%
5 years +18.6%-60.5% +68.6%
5 years, per year +3.5%-17.0% +11.0%
10 years -84.0%— +258.0%
10 years, per year -16.7%— +13.6%

Risk

MeasureCOEDCBOSPY
Volatility, 1Y 72.4%58.1% 12.7%
Downside volatility, 1Y 76.1%60.4% 12.7%
Beta vs S&P 500, 1Y 0.850.78 1.00
Return / volatility, 1Y -1.050.14 1.02
Max drawdown, 5Y -82.0%-81.0% -25.4%
From 52-week high -77.5%-1.5% -1.8%
52-week high $51.18$30.91 $779.14
52-week low $10.01$14.70 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCOEDCBO
P/E now vs peer median -16.0xmedian 42.4x 43.7xmedian 42.4x
P/S now vs peer median 2.3xmedian 2.7x 3.4xmedian 2.7x
EV/EBITDA now vs peer median —median 19.0x 37.6xmedian 19.0x
P/FCF now vs peer median —median 19.4x 24.4xmedian 19.4x
P/B now vs peer median -7.5xmedian 1.8x -2,861xmedian 1.8x
PEG now vs peer median 1.00median 1.75 4.73median 1.75

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCOEDCBO
Revenue $120.53M $258.93M
Gross profit $88.35M $205.59M
Operating income -$13.29M $18.48M
Net income -$11.57M $33.60M
Free cash flow – $35.83M
R&D $7.56M $52.47M
EPS (diluted) $-0.72 $0.68
Cash & equivalents $39.98M $45.72M
Total debt – $90.00M
Shares (diluted) 23.67M 29.37M
Enterprise value $144.69M $607.18M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCOEDCBO
P/E -16.0x 43.7x
P/FCF – 24.4x
P/Operating cash flow – 24.5x
P/S 2.3x 3.4x
P/B -7.5x -2,861x
P/Tangible book -7.5x -36.5x
EV/EBITDA – 37.6x
EV/EBIT -17.8x 49.8x
EV/Revenue 2.0x 3.6x
EV/FCF – 25.7x
EV/Operating cash flow – 25.7x
PEG (3Y EPS CAGR) 1.00 4.73

Growth

14 metrics
MetricCOEDCBO
Revenue growth (1Y) 74.9% 12.3%
Revenue CAGR (3Y) 77.8% 17.2%
Gross profit growth (1Y) 67.1% 10.3%
Gross profit CAGR (3Y) 73.8% 16.5%
Operating income growth (1Y) -110.8% 0.5%
Operating income CAGR (3Y) -9.0% 160.1%
Net income growth (1Y) -114.9% 56.9%
Net income CAGR (3Y) 35.6% 65.3%
EPS growth (1Y) -132.4% -12.1%
EPS CAGR (3Y) -16.0% 9.2%
Operating cash flow growth (1Y) – 26.4%
Operating cash flow CAGR (3Y) – 77.0%
Free cash flow growth (1Y) – 28.7%
Free cash flow CAGR (3Y) – 85.6%

Profitability

14 metrics
MetricCOEDCBO
Gross margin 73.3% 79.4%
EBITDA margin – 9.5%
Operating margin -11.0% 7.1%
Pretax margin -12.5% 6.6%
Net margin -14.1% 7.7%
FCF margin – 13.8%
Operating cash flow margin – 13.8%
Return on equity – –
Return on assets -17.1% 13.5%
Return on invested capital – 21.9%
Return on capital employed – 18.0%
Asset turnover 1.8x 1.0x
Cash conversion (OCF / net income) – 1.1x
Stock comp / revenue – 2.4%

Financial Health

11 metrics
MetricCOEDCBO
Debt / assets – 37.1%
Debt / equity – -294.1x
Net debt / EBITDA – 1.8x
Debt / FCF – 2.5x
Liabilities / assets 153.1% 100.1%
Equity / assets -53.1% -0.1%
Interest coverage – –
Current ratio 0.6x 0.8x
Quick ratio 0.4x 0.7x
Cash ratio 0.4x 0.3x
Altman Z-score – 2.03

Shareholder Returns

7 metrics
MetricCOEDCBO
Dividend yield – –
Net buyback yield – 0.0%
Shareholder yield 0.0% 0.0%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCOEDCBO
Forward P/E – 19.4xFY2026
EPS, next fiscal year $-0.06FY2027 $1.57FY2026
EPS growth, next FY – +14.6%FY2026
EPS growth, the year after – +26.8%
Revenue, next fiscal year $179.19MFY2026 $264.58MFY2026
Revenue growth, next FY +89.7%FY2026 +9.8%FY2026
Revenue growth, the year after +56.9% +10.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCOEDCBO
Held by institutions – 17.5%
Institutions holding – 58
Change in shares held, QoQ – -13.8%
Institutions buying – 36
Institutions selling – 17
Buyers to sellers – 2.12

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

COEDCBO
COE 1.00 0.11
DCBO 0.11 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, COE and DCBO?

Docebo (DCBO) is the largest by market capitalisation: 51Talk Online Education (COE) $281.40M, Docebo (DCBO) $856.25M.

Which company is growing faster?

51Talk Online Education (COE) grew revenue fastest over the trailing twelve months: 51Talk Online Education (COE) +74.9%, Docebo (DCBO) +12.3%.

Which company is more profitable?

Docebo (DCBO) has the highest net margin (51Talk Online Education (COE) -14.1%, Docebo (DCBO) 7.7%).

Which stock has performed better?

Over the past year Docebo (DCBO) returned the most: 51Talk Online Education (COE) -75.7%, Docebo (DCBO) +7.9%. Over five years, 51Talk Online Education (COE) compounded fastest (51Talk Online Education (COE) +3.5%/yr, Docebo (DCBO) -17.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Docebo (DCBO) has been the steadiest (51Talk Online Education (COE) 72.4%, Docebo (DCBO) 58.1%). Volatility measures how widely the price swings, not the risk of the business.

Do COE and DCBO move together?

Their daily returns over the past year have a correlation of 0.11, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, COE and DCBO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Docebo (DCBO) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.