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Software & devices

Docebo (DCBO)

Listed on the Toronto Stock Exchange; prices in Canadian dollars. All 218 TSX stocks.

Your signal

Buy86 / 100

Buy: 86 is at or above your Buy line of 60. Trend (+41% vs 200-day) scores 98 and lifts it; Plays in (70%) scores 70 and holds it back.

Every factor in this score has a tested record: each was checked month by month since 2011 on numbers public at the time.

Factor you weightDCBOPointsWeightAdds
Plays in70%704028.0
Off the high−1% from its 1-year high963028.8
Trend+41% vs 200-day983029.4
Email me when it flips

Your signal is the one call Be The Puck makes on a stock, and you set it: weight the plays, analysts, P/E, growth, debt, trend and more, and move the Buy and Sell lines. Every page follows your choice. How the score works

All 18 factors for DCBO
FactorDCBOPointsWhat it is
Plays in70%70The share of the plays you count that hold it now.
Analysts' upside––How far analysts' average 12-month target sits above the price (3+ analysts). −20% scores 0, +50% full marks; at most 50 while the price is below its 200-day average, since targets lag a falling price.
Analysts' rating––The analysts' average recommendation: strong buy scores 100, hold or worse 0.
P/E24.3×52Price over the last four quarters' earnings per share. Lower ranks higher; a loss scores 0. Source: Yahoo Finance.
Forward P/E13.1×67Price over next year's expected earnings. Lower ranks higher; an expected loss scores 0. Source: Yahoo Finance.
PEG––P/E divided by expected earnings growth. Lower ranks higher; around 1 is often read as fair for the growth.
Price to sales2.6×62Market value over the last 12 months' revenue. Lower ranks higher. Source: Yahoo Finance.
Price to booknegative book0Price over book value (assets minus debts) per share. Lower ranks higher. Source: Yahoo Finance.
Dividend yieldnone0Dividends over the last year as a share of the price. Higher ranks higher; no dividend scores 0. Source: Yahoo Finance.
Earnings growth−20%19Earnings per share over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Revenue growth+13%48Revenue over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Profit margin13%55Net profit as a share of revenue. Higher ranks higher. Source: Yahoo Finance.
Return on equity195%100Profit as a share of shareholders' equity. Higher ranks higher. Source: Yahoo Finance.
Debt to equity––Debt against shareholders' equity. Lower ranks higher; negative equity scores 0.
Off the high−1% from its 1-year high96How far the price sits below its highest close of the last year: 100 points at the high, none at 30% or more below. The exit rule: a stock that keeps falling loses points whatever else it has going for it.
Trend+41% vs 200-day98How far the price sits above its 200-day average. Higher ranks higher.
1-year momentum+4%37The price change over the last 12 months. Higher ranks higher.
Low crash exposure3/10 · moderate70The storm test: 100 for no exposure, 10 points off per point of exposure.

The read

Test a theory on DCBO

This analysis does not constitute trading advice. Please meet with an advisor or independently review sources before making any decision. New to this? Start with the basics.

Plays in70 / 100Every play Be The Puck tests, in 7 families.
Crash exposureModerate3 of 10 on the storm testMayer Multiple1.41×Price ÷ its 200-day average (+41%). Higher than on 89% of days since 2020. Above 2.4 is Mayer's overheated zone.

The most accurate play in each family

Each family's play whose calls went the right way most often, tested on 351 stocks since 2005, and what it says about DCBO now.

A call is right when the stock rose after an in call or fell after an out call. Trend plays are built to take many small losses for a few big wins, so their hit rates run lower; being right often isn't the same as making the most money. How we test a play.

DCBO, day by day

How to read candlesticks

Each candle is one trading day: the box spans the open and close, the thin line the day's high and low. Hollow boxes closed up, filled boxes closed down. Toggle the averages to see the trend the plays read. Dots above the candles mark news and company filings: hover or tap one to see the story and how the stock moved from the last close before it, against the market on the same days.

What moved DCBO lately

Its biggest move against the S&P/TSX in the last 30 sessions, the news read on each, and how reliably that kind of news has moved stocks before. How it's measured

Two years of calls, week by week

InOutShare of plays in

One row per play, grouped by family. When most rows turn green at once, the trend is broad. When they split, the plays disagree and the stock is usually chopping sideways.

Every play on DCBO

All 100 plays, by family.

Calls right: how often the play's calls on DCBO went the right way since 2005. Record columns: play / buy and hold, annual return and worst drawdown since 2019. Click a column to sort.Sort with the menu above the list.

PlayCallSinceNext moveCalls rightAnnual returnWorst drawdown
Trend following
PB EMABitcoin Playboy · dailyINSep 30, 2026 +18.2%Exit below C$34.05 (−12.5%)28% 53/186+14.9% / +14.0%−73.6% / −82.6%
Bull Market Support BandBenjamin Cowen · weeklyINJul 10, 2026 +47.2%Exit below C$30.04 (−22.8%)33% 8/24+10.9% / −2.3%−41.6% / −82.6%
Ripster EMA CloudRipster · dailyINJul 16, 2026 +49.9%Exit below C$32.60 (−16.3%)26% 26/100+16.4% / +13.1%−60.8% / −82.6%
Trend TemplateMark Minervini · dailyINOct 1, 2026 +17.0%Exit below C$33.16 (−14.8%)17% 7/42+6.8% / −3.5%−41.9% / −82.6%
Stage AnalysisStan Weinstein · weeklyINAug 14, 2026 +22.2%Exit below C$28.13 (−27.7%)28% 5/18+15.4% / +5.6%−42.3% / −82.6%
Stage 2 + Mansfield RSStan Weinstein · weeklyINAug 21, 2026 +14.0%Exit below C$31.22 (−19.8%)25% 6/24+2.9% / −2.9%−48.7% / −82.6%
10-Month SMAMeb Faber · month-endINJul 31, 2026 +34.4%Exit below C$27.70 (−28.8%)62% 5/8+6.7% / −2.3%−52.8% / −82.6%
200-Day RulePaul Tudor Jones · dailyINJul 27, 2026 +36.8%Exit below C$27.60 (−29.1%)17% 5/30+8.8% / +0.4%−53.6% / −82.6%
Golden CrossMarket tradition · dailyINAug 18, 2026 +22.9%Not on one close62% 5/8+8.4% / +0.4%−58.4% / −82.6%
Granville 200-DayJoseph E. Granville · dailyINSep 10, 2026 +20.2%Exit below C$27.60 (−29.1%)25% 5/20+1.7% / −3.7%−57.6% / −82.6%
Hull Moving AverageAlan Hull · weeklyOUTSep 25, 2026 +19.9%Enter above C$34.93 (−10.2%)38% 14/37+20.1% / +13.2%−51.8% / −82.6%
Kaufman Adaptive MAPerry J. Kaufman · dailyINOct 5, 2026 +14.8%Exit below C$36.14 (−7.1%)30% 66/218+19.2% / +13.9%−61.9% / −82.6%
TEMA CrossoverPatrick G. Mulloy · dailyINOct 13, 2026 0.0%Exit below C$34.26 (−12.0%)37% 30/82−5.2% / +10.1%−85.8% / −82.6%
Seykota 15/150Ed Seykota · dailyINSep 3, 2026 +10.9%Exit below C$13.09 (−66.4%)30% 3/10−2.3% / −8.4%−60.8% / −82.6%
Guppy Multiple MAsDaryl Guppy · dailyINJul 6, 2026 +49.9%Exit below C$24.41 (−37.3%)39% 12/31+29.8% / +17.8%−39.4% / −82.6%
Ichimoku CloudGoichi Hosoda · dailyINJul 6, 2026 +49.9%Exit below C$30.37 (−22.0%)38% 11/29+26.4% / +13.9%−45.5% / −82.6%
SupertrendOlivier Seban · dailyINOct 9, 2026 +7.7%Exit below C$33.79 (−13.2%)39% 18/46+19.8% / +13.8%−58.7% / −82.6%
Williams AlligatorBill Williams · dailyINOct 9, 2026 +7.7%Not on one close44% 40/90+21.8% / +13.8%−56.5% / −82.6%
Vortex IndicatorEtienne Botes & Douglas Siepman · dailyINOct 6, 2026 +13.5%Exit below C$25.76 (−33.8%)38% 68/179+11.3% / +15.5%−76.3% / −82.6%
AroonTushar S. Chande · dailyINOct 9, 2026 +7.7%Exit below C$31.41 (−19.3%)43% 26/60+21.6% / +13.8%−60.4% / −82.6%
Parabolic SARJ. Welles Wilder Jr. · dailyINOct 1, 2026 +17.0%Exit below C$33.07 (−15.0%)44% 62/142+21.1% / +15.9%−58.2% / −82.6%
ADX TrendJ. Welles Wilder Jr. · dailyOUTSep 23, 2026 +22.9%Enter above C$33.76 (−13.3%)33% 17/52+2.5% / +14.0%−74.5% / −82.6%
MACD Zero LineGerald Appel · dailyINOct 1, 2026 +17.0%Exit below C$24.27 (−37.7%)31% 17/54+22.4% / +13.1%−62.3% / −82.6%
Zweig 4% ModelMartin Zweig · weeklyINOct 9, 2026 +7.7%Exit below C$34.68 (−10.9%)40% 40/100+13.3% / +13.7%−74.7% / −82.6%
MAMA/FAMA CrossJohn F. Ehlers · dailyINOct 6, 2026 +13.5%Exit below C$26.58 (−31.7%)33% 21/64+22.6% / +13.1%−64.1% / −82.6%
Schaff Trend CycleDoug Schaff · dailyINOct 6, 2026 +13.5%Not on one close39% 26/67+2.6% / +10.1%−63.5% / −82.6%
Zero Lag EC CrossJohn F. Ehlers & Ric Way · dailyINJul 2, 2026 +50.0%Exit below C$24.08 (−38.1%)33% 17/51+21.6% / +13.1%−66.0% / −82.6%
DP Trend ModelCarl Swenlin & Erin Swenlin · dailyINJul 6, 2026 +49.9%Not on one close45% 9/20+32.6% / +13.1%−36.5% / −82.6%
Elder Triple ScreenAlexander Elder · dailyOUTSep 4, 2026 +13.2%Not on one close44% 27/62+3.4% / +5.3%−48.2% / −82.6%
Holy GrailLinda Bradford Raschke & Larry Connors · dailyOUTSep 23, 2026 +22.9%Not on one close56% 9/16+1.6% / +13.1%−21.1% / −82.6%
Breakouts & channels
Four-Week RuleRichard Donchian · dailyINOct 9, 2026 +7.7%Exit below C$31.41 (−19.3%)37% 13/35+20.2% / +13.8%−61.2% / −82.6%
Turtle System 1Richard Dennis & William Eckhardt · dailyINOct 9, 2026 +7.7%Exit below C$33.81 (−13.1%)22% 9/41+10.0% / +13.8%−48.2% / −82.6%
Turtle System 2Richard Dennis & William Eckhardt · dailyINOct 13, 2026 0.0%Exit below C$36.42 (−6.4%)26% 8/31+14.3% / +13.8%−40.5% / −82.6%
Clenow TrendAndreas F. Clenow · dailyINOct 13, 2026 0.0%Exit below C$34.73 (−10.8%)41% 11/27+18.8% / +13.1%−34.2% / −82.6%
Darvas BoxNicolas Darvas · dailyOUTSep 23, 2026 +22.9%Not on one close35% 14/40+11.8% / +13.8%−68.9% / −82.6%
Keltner ChannelChester W. Keltner & Linda Bradford Raschke · dailyINOct 9, 2026 +7.7%Exit below C$34.10 (−12.4%)29% 14/49+12.3% / +13.9%−43.5% / −82.6%
Bollinger BreakoutJohn Bollinger · dailyINOct 9, 2026 +7.7%Exit below C$33.47 (−14.0%)25% 17/67+4.0% / +14.6%−65.3% / −82.6%
Chandelier ExitChuck LeBeau · dailyINOct 9, 2026 +7.7%Exit below C$35.33 (−9.2%)37% 22/59+20.5% / +13.7%−57.2% / −82.6%
Wilder Volatility SystemJ. Welles Wilder Jr. · dailyINOct 8, 2026 +12.4%Exit below C$34.82 (−10.5%)40% 25/62+14.4% / +13.8%−66.2% / −82.6%
P&F Double TopA.W. Cohen & Thomas J. Dorsey · dailyINOct 9, 2026 +7.7%Exit below C$31.36 (−19.4%)39% 24/61+16.4% / +19.2%−72.4% / −82.6%
Chande Kroll StopTushar S. Chande & Stanley Kroll · dailyINOct 6, 2026 +13.5%Exit below C$35.40 (−9.0%)33% 34/104+17.1% / +14.1%−53.5% / −82.6%
Acceleration BandsPrice Headley · dailyINOct 13, 2026 0.0%Exit below C$36.63 (−5.9%)35% 19/55+6.8% / +13.8%−19.9% / −82.6%
TTM SqueezeJohn F. Carter · dailyOUTJul 16, 2026 +49.9%Not on one close47% 15/32+10.9% / +13.9%−31.6% / −82.6%
NR7 BreakoutToby Crabel · dailyINSep 30, 2026 +18.2%Exit below C$32.20 (−17.3%)33% 73/218+20.0% / +15.9%−66.0% / −82.6%
Bollinger SqueezeJohn Bollinger · dailyINOct 9, 2026 +7.7%Exit below C$33.47 (−14.0%)22% 2/9−1.6% / +15.4%−18.6% / −82.6%
Momentum
12-Month MomentumMoskowitz, Ooi & Pedersen · month-endOUTDec 31, 2024 −39.6%Enter above C$36.45 (−6.4%)71% 5/7+5.2% / −4.9%−57.8% / −82.6%
12-1 MomentumNarasimhan Jegadeesh & Sheridan Titman · month-endOUTFeb 28, 2025 −16.1%Not on one close57% 4/7−0.9% / −4.9%−62.5% / −82.6%
Dual MomentumGary Antonacci · month-endOUTMar 28, 2024 −41.2%Enter above C$40.53 (+4.1%)57% 4/7+9.9% / −4.9%−46.3% / −82.6%
Stocks on the MoveAndreas F. Clenow · dailyINJul 20, 2026 +42.5%Sell above C$44.76 (+15.0%)32% 9/28+14.5% / +13.2%−41.1% / −82.6%
52-Week HighThomas J. George & Chuan-Yang Hwang · month-endOUTApr 30, 2024 −36.8%Enter above C$36.97 (−5.0%)38% 3/8+1.9% / −4.1%−31.9% / −82.6%
Levy Relative StrengthRobert A. Levy · weeklyINJul 17, 2026 +36.3%Exit below C$29.93 (−23.1%)37% 7/19+36.2% / +15.9%−33.5% / −82.6%
MACD Signal CrossGerald Appel · dailyINOct 5, 2026 +14.8%Exit below C$29.28 (−24.8%)40% 49/122+5.2% / +13.1%−73.1% / −82.6%
Elder ImpulseAlexander Elder · dailyINSep 30, 2026 +18.2%Exit below C$34.59 (−11.1%)34% 78/227+15.3% / +13.1%−68.6% / −82.6%
Know Sure ThingMartin J. Pring · dailyINOct 8, 2026 +12.4%Exit below C$23.76 (−39.0%)39% 37/95−3.5% / +13.7%−80.8% / −82.6%
Coppock CurveEdwin S. C. Coppock · month-endINApr 30, 2026 +49.9%Exit below C$21.88 (−43.8%)67% 2/3+5.5% / −16.7%−49.6% / −79.1%
CCI +100Donald R. Lambert · dailyINOct 9, 2026 +7.7%Exit below C$33.34 (−14.3%)30% 58/193+1.9% / +13.8%−64.2% / −82.6%
TRIX Signal CrossJack K. Hutson · dailyINOct 13, 2026 0.0%Exit below C$23.30 (−40.1%)39% 34/88−10.7% / +13.1%−87.5% / −82.6%
TSI Zero LineWilliam Blau · dailyINOct 1, 2026 +17.0%Exit below C$24.15 (−37.9%)35% 17/48+22.4% / +13.1%−62.8% / −82.6%
13612W MomentumWouter J. Keller & Jan Willem Keuning · month-endINJul 31, 2026 +34.4%Exit below C$31.24 (−19.7%)50% 9/18+13.6% / −4.9%−41.6% / −82.6%
Market-State MomentumMichael J. Cooper, Roberto C. Gutierrez Jr. & Allaudeen Hameed · month-endOUTFeb 28, 2025 −16.1%Not on one close33% 2/6−2.7% / −0.7%−41.4% / −72.5%
Frog in the PanZhi Da, Umit G. Gurun & Mitch Warachka · dailyOUTFeb 28, 2025 −16.1%Not on one close60% 3/5+0.1% / −4.9%−57.8% / −82.6%
PMO Signal CrossCarl Swenlin · dailyINOct 9, 2026 +7.7%Exit below C$30.12 (−22.6%)30% 34/112−17.3% / +10.1%−91.2% / −82.6%
Mean reversion
RSI 30/70J. Welles Wilder Jr. · dailyOUTMar 12, 2026 +45.3%Not on one close50% 7/14+7.7% / +15.2%−62.5% / −82.6%
RSI(2) PullbackLarry Connors & Cesar Alvarez · dailyOUTSep 25, 2026 +19.9%Not on one close68% 48/71+8.0% / +0.4%−23.0% / −82.6%
Double 7sLarry Connors & Cesar Alvarez · dailyOUTSep 30, 2026 +18.2%Buy C$27.60–C$33.91 (−12.9%)64% 57/89+4.4% / +0.4%−34.8% / −82.6%
Bollinger ReversionJohn Bollinger · dailyOUTApr 20, 2026 +64.8%Buy below C$29.61 (−23.9%)65% 44/68+4.7% / +14.6%−43.6% / −82.6%
Stochastic 20/80George C. Lane · dailyINSep 25, 2026 +19.9%Exit below C$37.66 (−3.2%)59% 30/51+1.1% / +14.8%−72.7% / −82.6%
Williams %RLarry Williams · dailyOUTOct 7, 2026 +14.5%Not on one close67% 58/86+3.4% / +15.5%−56.1% / −82.6%
DeMark 9-CountTom DeMark · dailyOUTApr 27, 2026 +53.1%Not on one close68% 15/22+24.3% / +17.6%−65.8% / −82.6%
Mayer MultipleTrace Mayer · dailyINAug 12, 2020 −21.7%Sell above C$66.71 (+71.4%)100% 2/2+0.6% / +0.4%−82.6% / −82.6%
ConnorsRSI PullbackLarry Connors & Cesar Alvarez & Matt Radtke · dailyOUTJan 26, 2026 +50.6%Buy below C$14.46 (−62.9%)56% 10/18+1.5% / +10.1%−16.3% / −82.6%
Laguerre RSIJohn F. Ehlers · dailyINSep 14, 2026 +11.5%Exit below C$36.35 (−6.6%)47% 51/109+2.9% / +13.9%−59.2% / −82.6%
StochRSI 20/80Tushar S. Chande & Stanley Kroll · dailyINSep 3, 2026 +10.9%Exit below C$38.01 (−2.3%)54% 79/147+19.8% / +13.9%−49.2% / −82.6%
IBS ReversionAlexander S. Pagonidis · dailyOUTOct 8, 2026 +12.4%Buy below C$38.92 (0.0%)59% 360/608+3.4% / +13.4%−60.0% / −82.6%
Connors %bLarry Connors & Cesar Alvarez · dailyOUTOct 5, 2026 +14.8%Not on one close50% 11/22+0.8% / +0.4%−44.5% / −82.6%
Fisher TransformJohn F. Ehlers · dailyINSep 29, 2026 +20.6%Exit below C$35.30 (−9.3%)37% 119/321+8.7% / +13.1%−82.2% / −82.6%
1-Month ReversalNarasimhan Jegadeesh & Bruce N. Lehmann · month-endINSep 30, 2026 +18.2%Sell above C$33.58 (−13.7%)51% 18/35−9.4% / +13.8%−75.3% / −82.6%
Volume & money flow
On-Balance VolumeJoseph E. Granville · dailyINOct 5, 2026 +14.8%Not on one close25% 54/212−0.4% / +14.6%−84.4% / −82.6%
Chaikin Money FlowMarc Chaikin · dailyINOct 13, 2026 0.0%Not on one close45% 32/71+18.0% / +13.8%−65.6% / −82.6%
Money Flow IndexGene Quong & Avrum Soudack · dailyINSep 25, 2026 +19.9%Not on one close33% 5/15−11.7% / +15.2%−87.1% / −82.6%
Negative Volume IndexNorman Fosback & Paul Dysart · dailyOUTSep 8, 2026 +20.0%Enter above C$39.85 (+2.4%)43% 13/30+4.7% / −5.5%−72.5% / −82.6%
Force IndexAlexander Elder · dailyINOct 1, 2026 +17.0%Exit below C$30.79 (−20.9%)27% 55/202+5.5% / +13.9%−80.2% / −82.6%
Buff AveragesBuff Dormeier · dailyINOct 5, 2026 +14.8%Exit below C$11.20 (−71.2%)33% 42/126+1.5% / +14.6%−87.9% / −82.6%
Chaikin OscillatorMarc Chaikin · dailyINOct 5, 2026 +14.8%Not on one close36% 62/170+4.4% / +13.8%−80.9% / −82.6%
Volume Flow IndicatorMarkos Katsanos · dailyINJul 24, 2026 +42.2%Not on one close42% 11/26+3.5% / −5.3%−55.4% / −82.6%
Klinger OscillatorStephen J. Klinger · dailyINOct 1, 2026 +17.0%Not on one close31% 88/287+2.1% / +22.0%−73.0% / −82.6%
Candles & chart patterns
Engulfing SwitchSteve Nison & Thomas N. Bulkowski · dailyINSep 25, 2026 +19.9%Exit below C$36.23 (−6.9%)53% 26/49−7.1% / +19.2%−69.5% / −82.6%
HikkakeDaniel L. Chesler · dailyOUTJul 11, 2025 −0.1%Not on one close33% 8/24+11.5% / +15.6%−32.9% / −82.6%
Turtle Soup Plus OneLinda Bradford Raschke & Larry Connors · dailyOUTOct 16, 2025 +7.2%Not on one close43% 6/14+1.5% / +13.9%−12.9% / −82.6%
Calendar
Halloween IndicatorSven Bouman & Ben Jacobsen & Yale Hirsch & Jeffrey Hirsch · dailyOUTApr 30, 2026 +49.9%Buys Oct 3050% 7/14−6.0% / +13.4%−70.2% / −82.6%
Best Six + MACDYale Hirsch & Jeffrey Hirsch · dailyINOct 1, 2026 +17.0%Window opens Apr 127% 4/15−14.6% / +13.1%−80.9% / −82.6%
Seasonal TimingSy Harding · dailyOUTMay 12, 2026 +62.7%Window opens Oct 1638% 5/13−7.1% / +13.1%−77.9% / −82.6%
Santa Claus RallyYale Hirsch & Jeffrey Hirsch · dailyOUTJan 5, 2026 +23.8%Buys Dec 2343% 6/140.0% / +13.4%−27.1% / −82.6%
Turn of the MonthJosef Lakonishok & Seymour Smidt & Robert A. Ariel · dailyOUTOct 5, 2026 +14.8%Buys Oct 2949% 82/168+4.2% / +13.4%−52.6% / −82.6%
Presidential Sweet SpotYale Hirsch & Jeffrey Hirsch · dailyINSep 30, 2026 +18.2%Sells Jun 3067% 2/3+10.0% / +13.4%−26.2% / −82.6%
Pre-HolidayRobert A. Ariel & Josef Lakonishok & Seymour Smidt · dailyOUTSep 4, 2026 +13.2%Buys Nov 2442% 55/130+1.1% / +13.4%−15.2% / −82.6%
January BarometerYale Hirsch & Jeffrey Hirsch · month-endINDec 30, 2022 −13.0%Not on one close17% 1/6−8.5% / +13.0%−72.5% / −82.6%
Weekend EffectKenneth French & Josef Lakonishok & Seymour Smidt · dailyINOct 13, 2026 0.0%Sells Oct 1649% 357/731+4.9% / +13.4%−80.2% / −82.6%
Pre-FOMC DriftDavid Lucca & Emanuel Moench · dailyOUTSep 16, 2026 +15.6%Buys Oct 2751% 56/110+5.2% / +13.4%−9.2% / −82.6%
Lunar CycleKathy Yuan, Lu Zheng & Qiaoqiao Zhu · dailyINOct 2, 2026 +16.9%Sells Oct 1645% 78/173+5.0% / +13.4%−66.3% / −82.6%
Benchmark
Buy & HoldJohn C. Bogle · benchmarkINOct 8, 2019Always in–+13.6%−82.6%

If the market cracks: the storm test

How the storm test works
ExposureModerate3 of 10 points
  • Market swings1/3
  • Past crashes2/2
  • Debt0/3
  • Run-up0/2
  • It fell about 2.7× as far as its index in past crashes.

Past crashes, peak to low

COVID crash Feb 2020 to Mar 2020 · back to its old high May 2020

DCBO−41%
TSX−37%

2022 bear market Jan 2022 to Jun 2022 · never got back

DCBO−62%
TSX−14%
  • Beta0.56Moves about 0.6× as much as the TSX week to week.
  • Downside capture222%In months the TSX fell, this fell 222% as much on average.
  • Two-year change−36%
  • From 52-week high−1%
  • Debt to equity1.27×
  • Net debt / EBITDA1.3×Years of operating cash earnings it would take to pay off its debt.
  • Interest cover168.4×

A crash marks every stock down; debt decides which companies come through. The storm test scores both halves: how hard the stock swings with the market, and how much debt it carries into a downturn. It describes fragility; it does not predict a crash.

The business behind the price

How to judge these numbers

Software - Application · Docebo Inc. develops and provides learning management platform for training in Canada, the United States, and internationally.

Size and valuation
Market capC$971MWhat the whole company is worth at today's price: share price × shares outstanding.
Revenue (last 12 months)$259MTotal sales.
P/E ratio24.3×Buyers pay C$24 for each C$1 of the last year's profit.
Forward P/E13.1×Price against analysts' estimate of next year's profit. Lower than the P/E means profit is expected to grow.
Profit and growth
Profit margin13.0%Keeps 13¢ of each dollar of sales as profit.
Revenue growth+13.0%Last quarter's sales against the same quarter a year earlier.
Earnings growth−20.0%Same comparison for profit.
Return on equity195.5%Yearly profit as a share of shareholders' money in the business.
Free cash flow$43.2MCash left after running and investing in the business.
Balance sheet
Total equity$74.1MWhat it owns minus what it owes.
Total debt$93.8MLoans and bonds it has to pay back, with interest.
Cash$45.7MCash and short-term investments on hand.
Debt to equity1.27×Moderate.
Interest cover168.4×Interest is easily paid from profit.
Wall Street
Average analyst targetC$44.8615% above the close, from 1 analysts (range C$44.86 to C$44.86).

Company figures from Yahoo Finance, fetched Oct 14, 2026. Analyst targets are opinions, not forecasts Be The Puck checks.

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