Docebo (TSX:DCBO) PB Ratio: (As of Jul. 01, 2026)


TSX:DCBO Docebo Inc TSX:DCBO
62 GF Score
Price C$25.37
GF Value C$84.11
Valuation Possible Value Trap
! 3 Warning Signs
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What is Docebo PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-01), Docebo's share price is C$25.37. Docebo's Book Value per Share for the quarter that ended in Mar. 2026 was C$-0.03. Hence, Docebo's PB Ratio of today is .

The historical rank and industry rank for Docebo's PB Ratio or its related term are showing as below:

During the past 10 years, Docebo's highest PB Ratio was 39.82. The lowest was 4.61. And the median was 11.67.

TSX:DCBO's PB Ratio is not ranked *
in the Software industry.
Industry Median: 2.37
* Ranked among companies with meaningful PB Ratio only.

During the past 12 months, Docebo's average Book Value Per Share Growth Rate was -101.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -23.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -21.00% per year.

During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Docebo was 76.10% per year. The lowest was -34.20% per year. And the median was -26.00% per year.

Back to Basics: PB Ratio


Docebo  (TSX:DCBO) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Docebo PB Ratio Related Terms


Docebo PB Ratio Historical Data

* Premium members only.

The historical data trend for Docebo's PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Docebo PB Ratio Chart

Docebo Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.43 5.64 28.50 23.70 8.58

Docebo Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.48 23.96 17.43 8.58 0.00

TSX:DCBO vs UBER, SHOP, CRM: PB Ratio Comparison

For the Software - Application subindustry, Docebo's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Docebo PB Ratio vs Software Industry

For the Software industry and Technology sector, Docebo's PB Ratio distribution charts can be found below:

* The bar in red indicates where Docebo's PB Ratio falls into.


TSX:DCBO
62GF Score
Docebo Inc TSX:DCBO
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Docebo PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Docebo's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=25.37/-0.033
=

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Is Docebo (TSX:DCBO) Overvalued in 2026?

Based on GuruFocus' analysis, Docebo stock appears to be undervalued. The current stock price of C$25.37 is trading 69.8% below its estimated GF Value™ of C$84.11. GuruFocus considers Docebo to be Possible Value Trap.

Key valuation signals for TSX:DCBO:

  • PB Ratio:
  • GF Value™: C$84.11 vs. price of C$25.37 (69.8% below fair value)
  • GF Score™: 62/100 with 3 warning signs

No single metric tells the full story. See the TSX:DCBO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Docebo Business Description

Other Exchanges DCBO:USA061:Germany
Address 55 York Street, Suite 1200, 12th floor, Toronto, ON, CAN, M5J 1R7
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.
62GF Score

Get the complete analysis for TSX:DCBO

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$25.37
Price
C$84.11
GF Value