Duolingo Ratios and Metrics

Market cap in millions THB. Fiscal year is January - December.

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 19, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	162,600	489,484	327,661	98,773	132,025	-
Market Cap Growth	-71.55%	49.39%	231.73%	-25.19%	-	-
Enterprise Value	130,705	461,219	304,431	79,031	114,112	-
PE Ratio	12.97	161.01	593.19	-	-	-
PS Ratio	5.19	19.07	17.95	7.73	15.86	-
PB Ratio	3.83	17.30	14.54	5.27	7.75	-
P/TBV Ratio	4.02	17.96	15.00	5.40	7.82	-
P/FCF Ratio	14.12	52.16	63.36	59.41	712.07	-
P/OCF Ratio	13.76	49.95	62.04	53.25	433.61	-
EV/Sales Ratio	4.35	17.96	16.67	6.19	13.70	-
EV/EBITDA Ratio	30.63	179.98	-	-	-	-
EV/EBIT Ratio	37.59	210.60	-	-	-	-
EV/FCF Ratio	11.35	49.15	58.87	47.54	615.45	-
Debt / Equity Ratio	0.07	0.07	0.04	0.05	0.06	0.09
Debt / EBITDA Ratio	0.71	0.67	12.95	-	-	-
Debt / FCF Ratio	0.27	0.21	0.17	0.59	5.81	0.65
Net Debt / Equity Ratio	-0.78	-1.00	-1.10	-1.07	-1.02	-1.09
Net Debt / EBITDA Ratio	-8.14	-11.01	124.03	9.61	9.10	7.73
Net Debt / FCF Ratio	-2.89	-3.01	-4.80	-12.05	-93.38	-7.76
Asset Turnover	0.62	0.66	0.62	0.53	0.60	1.19
Quick Ratio	2.60	2.39	3.02	3.60	4.93	2.15
Current Ratio	2.82	2.61	3.24	3.84	5.20	2.41
Return on Equity (ROE)	36.25%	11.97%	2.68%	-11.29%	-19.56%	-20.27%
Return on Assets (ROA)	4.49%	3.54%	-0.95%	-5.79%	-8.96%	-7.39%
Return on Invested Capital (ROIC)	86.08%	-	-	-	-	-
Return on Capital Employed (ROCE)	8.00%	7.30%	-1.90%	-11.50%	-11.10%	-14.50%
Earnings Yield	7.71%	0.62%	0.17%	-2.08%	-1.51%	-
FCF Yield	7.08%	1.92%	1.58%	1.68%	0.14%	-
Buyback Yield / Dilution	-1.47%	-1.24%	-17.87%	-68.44%	-84.00%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.