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	Jan '26 Jan 29, 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	195,300	489,484	327,661	98,773	132,025	-
Market Cap Growth	-59.92%	49.39%	231.73%	-25.19%	-	-
Enterprise Value	163,025	461,219	304,431	79,031	114,112	-
PE Ratio	15.58	161.01	593.19	-	-	-
PS Ratio	6.24	19.07	17.95	7.73	15.86	-
PB Ratio	4.60	17.30	14.54	5.27	7.75	-
P/TBV Ratio	4.83	17.96	15.00	5.40	7.82	-
P/FCF Ratio	16.96	52.16	63.36	59.41	712.07	-
P/OCF Ratio	16.53	49.95	62.04	53.25	433.61	-
EV/Sales Ratio	5.36	17.96	16.67	6.19	13.70	-
EV/EBITDA Ratio	37.75	179.98	-	-	-	-
EV/EBIT Ratio	46.34	210.60	-	-	-	-
EV/FCF Ratio	14.16	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
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	6.42%	0.62%	0.17%	-2.08%	-1.51%	-
FCF Yield	5.90%	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.