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Docebo stock

DCBONASDAQ

Docebo Inc., TechnologyISIN CA25609L1058

$32.48▼ $0.43 (−1.3%)Closing price of 12 Nov 2026

77Score 77 out of 100, Strong

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Price and trend

87 / 100

Price history

+38% in one year

The chart shows daily closes over 6 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.

Long-term trend

Above the 200-day line: the price is 55% above it.

Trend change

Since August 2026 the 50-day line has been above the 200-day line; the trend has turned up.

Momentum

Normal: the price is neither overheated nor sold off (RSI 58).

Distance to the high

The price is 1.3% below its 52-week high. Largest decline in 6 years: 84% (September 2021 to April 2026).

Chart figures for advanced users
SMA 50$26.60
Average price of the last 50 trading days, shows the short-term trend.
SMA 200$20.98
Average price of the last 200 trading days, shows the long-term trend.
RSI (14)58
Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
MACDabove the signal line
Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
Support$14.70
The lowest closing price of the last twelve months.
Resistance$32.91
The highest closing price of the last twelve months.
Market cap
$821.03M
Div. yield
no dividend
22.8
17.4
on earnings for the next twelve months ($1.89 per share)
Fair value
$38.69

Snapshot

Computed from the data by fixed rules, no AI

  • Docebo Inc. belongs to the Software (Application) industry (Canada) and, with a market value of $810.3M, is number 150 of 189 companies in its industry on MEQIRI.
  • In fiscal 2025 it reported revenue of $242.69M (up 11.9% year on year) and earnings of $37.51M (up 40.3%).
  • For fiscal 2026, analysts expect on average revenue of $275.66M (up 13.6%) and adjusted earnings per share of $1.63 (up 20.6%).
Show more
  • MEQIRI Score 77 out of 100 (Strong): rank 74 of 857 in Technology, median 61.
  • The P/E is 22.5 (Software (Application) median 30.8, own median of recent years 50.9).
  • Our model puts fair value at $38.69, with the price 15% below it.

In plain words

The numbers on this page in plain words, written by an AI

Strengths

  • Growing faster than its industryRevenue up 31% a year since 2020, Software (Application) median 17.3%.Growth 83
  • High return on capitalReturn on invested capital 33.7% in fiscal 2025, Software (Application) median 3.9%.Profitability 86
  • Modestly valuedP/E 22.5, Software (Application) median 30.8, own median 50.9.Valuation 57

Weaknesses

  • Volatile share priceVolatility 57% a year over the last 12 months.Stability 67
77/ 100
MEQIRI Score
Strong

Its standout strengths are momentum and technical analysis.

Daily figure as of 12 Nov 2026

How the score is calculated

Score overview

The fundamentals are in the middle range.

Profit consistency40% of years
Cash conversion (free cash flow to earnings, 12 months)90%
ROIC (12 months)128.4%
Positive free cash flow50% of years
How this category is measured

Score history

The full history of up to 20 years comes with MEQIRI Pro.

See plans

Crash risk medium

How well MEQIRI warns

In the middle among smaller stocks.

From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.

What drives the risk

  • high price swings
  • high growth grade (crashed more often in the backtest)

What lowers it

  • price near its 52-week high
  • stable momentum

Valuation

Valuation signal

Fairly valued
Price
$32.91
Fair value
$38.69
Gap to fair value
−15%

Closing price of 11 Nov 2026, used by the daily score.

In our model the price counts as cheap below $27.63 and expensive above $64.48 (uncertainty high, based on the price swings of the past year).

The two parts of the fair value come to $33.05 (cash-flow model) and $44.32 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is slightly below both parts; given how much the stock swings, that still counts as fair.

Calculated with a cost of equity of 9.7%. At 10.7% the fair value would be $36.22, at 8.7% it would be $42.17.

Valuation metrics

1.68
30.8
Fair value (model)
$38.69
Earnings part $44.32 (earnings per share $1.44 × 30.8)

Half from the cash-flow model, half from earnings times the industry P/E (30.8).

Calculate with your own assumptions

Company performance

This shows several years of history with an automatic assessment.

Revenue

10 years

In the twelve months to 30 Sep 2026, revenue rose 13.1% on the twelve months before. Revenue has grown strongly since 2016, at around 43% per year.

Margins

10 years
  • Gross margin
  • Operating margin
  • Net margin

In fiscal 2025: gross 80%, operating 10%, net 15%.

Debt & balance sheet

latest quarter
0.06
> 100x
0.8
Cash & equivalents
$42.49M

The balance sheet is solid, with low debt and comfortable interest coverage.

Earnings

Next earnings
26 Feb 2027in 106 days
Last reported
6 Nov 2026EPS reported $0.55 (expected $0.53)above expectations

Analyst estimates

Earnings estimates have barely changed since 15 Oct 2026.

Fiscal 20268 analysts
Earnings per share
$1.63+2.0%
Revenue
$275.66M+1.8%
Fiscal 20278 analysts
Earnings per share
$1.93+2.3%
Revenue
$303.4M+1.8%

MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.

Company outlook raised

Share price after the results: −8.7%

2026 revenue guidance raised by about $3.5 million, planning for enterprise customers remains conservative.

Supporting passage from the call, verbatim
“So we did raise our guidance from a revenue perspective by about $3.5 million. $2.2 million of that came from the Q1 beat.”

The outlook is not part of the score and not a recommendation to buy or sell.

From the earnings call on 8 May 2026 (fiscal Q1 2026), read by AI.

Insiders

Open-market purchases and sales by executives, board members and major holders

All insider purchases

No open-market purchases or sales in the last 6 months.

Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.

What happened at Docebo

The key events of the last six months from our own data. A click takes you to the matching card.

Sector comparison

857 rated companies in Technology

Rank 74 of 857
74/ 857
This company
77
Sector median
61

Categories against the sector median

ProfitabilityMedian of 857 companies86 (median 59)27 above the median
GrowthMedian of 857 companies83 (median 68)15 above the median
FundamentalsMedian of 857 companies56 (median 67)11 below the median
ValuationMedian of 788 companies with a value57 (median 52)5 above the median
StabilityMedian of 857 companies67 (median 67)0 at the median
Capital allocationMedian of 857 companies87 (median 53)34 above the median
Technical analysisMedian of 857 companies87 (median 59)28 above the median
MomentumMedian of 857 companies93 (median 56)37 above the median

The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.

Competitors in Software (Application)

The next larger and next smaller companies by market value

All 189 Software (Application) stocks

Data status and sources

Score
Daily value of 12 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Strong, published since 7 Nov 2026 (in the score history since 17 Jul 2026)
  • Valuation signal Fairly valued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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