Valuation dashboard for Duolingo, Inc. (DUOL) with P/E 43.69, P/B 4.04, EV/EBITDA 26.6 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Technology companies.
Duolingo, Inc. builds and operates an online platform and a mobile application dedicated to language learning, catering to audiences in both the United States and China. The company's comprehensive curriculum spans 40 diverse languages, featuring prominent options such as Spanish, English, French, Japanese, German, Italian, Chinese, and Portuguese, among others. Furthermore, it offers a digital examination for assessing language proficiency.
Where would it trade at its usual multiples?
Versus its usual multiples: expensive · Current P/E 43.7× · Multiples range: $92.30 · $92.30.
At its sector median (31.5×) $92 (-28%). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
Analysis Summary
Duolingo, Inc. reported revenue of $1.04B in the most recent fiscal year, growing at a 5-year CAGR of 45.0%.
Trailing-twelve-month margins: gross margin 72.6%, operating margin 12.4%, net margin 12.3%.
At $128.00 (closing price, November 3, 2026), DUOL trades at a P/E of 43.69 and an ROE of 10.35%. Market capitalisation stands at $6.0B.
Balance sheet quality for DUOL: debt-to-equity ratio of 0.06, current ratio of 2.75 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 43.69 |
| Price / Book | 4.04 |
| EV / EBITDA | 26.6 |
| Dividend Yield | 0.00% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| DUOL | Duolingo, Inc. | $6.0B | 43.69 | 4.04 | 10.4% |
| PSO | Pearson plc | $10.3B | 25.21 | 2.37 | 9.1% |
| SAP | SAP SE | $268.4B | 29.69 | 5.27 | 17.8% |
| SHOP.TO | Shopify Inc. | CAD 259.8B | 86.41 | 14.39 | 16.5% |
| 0VHA.L | Shopify Inc. | $219.9B | 113.21 | 17.22 | 15.1% |
| SHOP | Shopify Inc. | $185.0B | 86.41 | 14.39 | 16.5% |
| CRM | Salesforce, Inc. | $182.9B | 20.27 | 4.83 | 20.2% |
| 0L5N.L | ServiceNow, Inc. | $157.1B | 98.73 | 13.12 | 13.8% |
Price
| Price | $128.00 (closing price, November 3, 2026) |
| Market Cap | $6.0B |
| Exchange | NASDAQ |
| Country | US |
Profitability
| Return on Equity | 10.35% |
| Return on Invested Capital | 7.16% |
| Return on Assets | 6.73% |
| Gross Margin | 72.57% |
| Operating Margin | 12.42% |
| Net Margin | 12.33% |
Related companies: PSO · SAP · SHOP.TO · 0VHA.L · SHOP · CRM · 0L5N.L · UBER
Explore sector: Technology · Software - Application
More sections of DUOL: Overview · Financials · Estimates · Technical · Ownership
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