DCBO
Docebo Inc.

Docebo Inc.DCBO

Technology · Software - Application
29.70USD
+0.27%
Oct 29, 2026
DCBO overview ready
Docebo is a direct enterprise-platform vendor for AI-era workforce readiness, combining learning management, skills intelligence, enterprise knowledge connections, content creation, learning analytics, and AI assistants/agents for employees, customers, and partners.
Narrative is still early
Exposed to the Enterprise AI Workforce Transformation narrative through AI Workforce Skills Intelligence and Learning Platforms — pure play.
Advancing price action
Longer-term context reads early recovery, with a near-term setup of daily advance.
Attractive valuation
Current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Competition from larger enterprise software providers.
Market Oct 28Price action Oct 28Research Oct 18

Conviction Level

CompanyFit8.0PriceAction8.6Valuation8.4CompanyPosition9.3BusinessQuality—

Conviction uses Company Fit, Price Action, Valuation, Business Quality. Company Position is research context, not an input.

Theme leadershipGroup context · not a Conviction input
Online Learning has only one or two eligible stocks — no leadership reading
Price
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Price Action

Advancing price action
Longer-term context reads early recovery, with a near-term setup of daily advance.
EntryEarly recovery

The structure is repairing early: weekly fast averages are being reclaimed and the daily chart is recovering constructively — an early-recovery entry profile.

Key Financials

Market Cap
$769.3M
Avg Volume (60D)
42.2K
60 sessions
Revenue Growth YoY
+12.3%
Trailing twelve months
Gross Margin
+79.6%
Operating Margin
+8.6%
Trailing twelve months
Free Cash Flow Yield
+5.6%
Distance from 200DMA
+46.0%
Next Earnings
2026-11-06
P/E
26.9x
EV / EBITDA
22.1x
EV / Sales
3.2x
Market metrics as of Oct 28, 2026

Fundamentals & Valuation

Both valuation perspectives agree this company is cheap.
Docebo Inc. has a Cheap valuation stance because current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.

Company Research

Thesis
Docebo is a direct enterprise-platform vendor for AI-era workforce readiness, combining learning management, skills intelligence, enterprise knowledge connections, content creation, learning analytics, and AI assistants/agents for employees, customers, and partners. The story is still emerging, so the exposure is real but early.
Opportunity
Moderate opportunity
Enterprise adoption of platforms that identify workforce skill gaps, deliver role-relevant learning and knowledge in the flow of work, and validate capability as organizations deploy AI across business functions.
Key risk
Competition from larger enterprise software providers.

Economic classification

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Business & Markets

Technology · Software - Application
What they do

Docebo Inc. develops and operates a cloud-based learning management platform that enables organizations to deliver personalized training and learning programs to employees, partners, and customers internationally.

How it earns

The company primarily generates revenue through subscription-based licensing of its cloud learning platform and related services.

Products & services
Docebo Learn platform
Docebo Content Marketplace
Insights module
Learning Evaluation module
Customers & end markets
Enterprise employers
Training administrators
Corporate partners
Market position

Docebo is a direct enterprise software provider positioned as a leader in AI-enabled learning and skills intelligence platforms.

Demand drivers
Low cyclicality

Demand for workforce training platforms tends to be stable and driven by ongoing organizational skill development needs rather than economic cycles.