DCBO vs. OTEX

Last updated Apr 1, 2026

Compare and contrast key facts about Docebo Inc (DCBO) and Open Text Corp (OTEX).

Performance

DCBO vs. OTEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Docebo Inc (DCBO) and Open Text Corp (OTEX). The values are adjusted to include any dividend payments, if applicable.

DCBO vs. OTEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DCBO Docebo Inc	-21.31%	-50.41%	-7.46%	45.99%	-50.80%	3.49%	30.18%
OTEX Open Text Corp	-31.00%	19.25%	-30.41%	45.42%	-35.89%	6.28%	0.69%

Fundamentals

Market Cap DCBO : $513.89M OTEX : $5.64B
EPS DCBO : $1.27 OTEX : $1.71
PE Ratio DCBO : 13.71 OTEX : 12.99
PEG Ratio DCBO : 0.05 OTEX : 0.32
PS Ratio DCBO : 2.14 OTEX : 1.09
PB Ratio DCBO : 6.95 OTEX : 1.40
Total Revenue (TTM) DCBO : $242.97M OTEX : $5.18B
Gross Profit (TTM) DCBO : $193.52M OTEX : $3.43B
EBITDA (TTM) DCBO : $28.11M OTEX : $1.36B

Returns By Period

In the year-to-date period, DCBO achieves a -21.31% return, which is significantly higher than OTEX's -31.00% return.

DCBO

• 1D: 4.74%
• 1M: 0.52%
• YTD: -21.31%
• 6M: -36.08%
• 1Y: -39.15%
• 3Y*: -24.59%
• 5Y*: -16.48%
• 10Y*: —

OTEX

• 1D: 2.82%
• 1M: -9.25%
• YTD: -31.00%
• 6M: -39.37%
• 1Y: -8.69%
• 3Y*: -14.02%
• 5Y*: -11.87%
• 10Y*: 0.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

DCBO vs. OTEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DCBO

DCBO Risk / Return Rank: 10
DCBO Sharpe Ratio Rank: 9
DCBO Sortino Ratio Rank: 10
DCBO Omega Ratio Rank: 10
DCBO Calmar Ratio Rank: 12
DCBO Martin Ratio Rank: 8

OTEX

OTEX Risk / Return Rank: 31
OTEX Sharpe Ratio Rank: 30
OTEX Sortino Ratio Rank: 27
OTEX Omega Ratio Rank: 27
OTEX Calmar Ratio Rank: 36
OTEX Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DCBO vs. OTEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Docebo Inc (DCBO) and Open Text Corp (OTEX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DCBO	OTEX	Difference
Sharpe ratio Return per unit of total volatility	-0.80	-0.25	-0.55
Sortino ratio Return per unit of downside risk	-1.05	-0.13	-0.92
Omega ratio Gain probability vs. loss probability	0.86	0.98	-0.13
Calmar ratio Return relative to maximum drawdown	-0.80	-0.20	-0.60
Martin ratio Return relative to average drawdown	-1.54	-0.48	-1.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DCBO vs. OTEX - Sharpe Ratio Comparison

The current DCBO Sharpe Ratio is -0.80, which is lower than the OTEX Sharpe Ratio of -0.25. The chart below compares the historical Sharpe Ratios of DCBO and OTEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DCBO	OTEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.80	-0.25	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.33	-0.39	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.35	0.25	-0.60

Correlation

The correlation between DCBO and OTEX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DCBO vs. OTEX - Dividend Comparison

DCBO has not paid dividends to shareholders, while OTEX's dividend yield for the trailing twelve months is around 4.89%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DCBO Docebo Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OTEX Open Text Corp	4.89%	3.30%	3.62%	2.35%	3.13%	1.78%	1.59%	1.53%	1.80%	1.43%	1.44%	1.61%

Drawdowns

DCBO vs. OTEX - Drawdown Comparison

The maximum DCBO drawdown since its inception was -82.45%, which is greater than OTEX's maximum drawdown of -72.05%. Use the drawdown chart below to compare losses from any high point for DCBO and OTEX.

Drawdown Indicators

	DCBO	OTEX	Difference
Max Drawdown Largest peak-to-trough decline	-82.45%	-72.05%	-10.40%
Max Drawdown (1Y) Largest decline over 1 year	-50.52%	-44.69%	-5.83%
Max Drawdown (5Y) Largest decline over 5 years	-82.45%	-55.10%	-27.35%
Max Drawdown (10Y) Largest decline over 10 years	—	-55.10%	—
Current Drawdown Current decline from peak	-81.08%	-53.64%	-27.44%
Average Drawdown Average peak-to-trough decline	-51.43%	-24.71%	-26.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.26%	18.29%	+7.97%

Volatility

DCBO vs. OTEX - Volatility Comparison

Docebo Inc (DCBO) has a higher volatility of 27.02% compared to Open Text Corp (OTEX) at 10.49%. This indicates that DCBO's price experiences larger fluctuations and is considered to be riskier than OTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DCBO	OTEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.02%	10.49%	+16.53%
Volatility (6M) Calculated over the trailing 6-month period	37.95%	24.55%	+13.40%
Volatility (1Y) Calculated over the trailing 1-year period	49.15%	34.86%	+14.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.75%	30.36%	+20.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.62%	28.15%	+23.47%

Financials

DCBO vs. OTEX - Profitability Comparison

The chart below illustrates the profitability comparison between Docebo Inc and Open Text Corp over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DCBO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Docebo Inc reported a gross profit of 50.26M and revenue of 64.01M. Therefore, the gross margin over that period was 78.5%.

OTEX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Open Text Corp reported a gross profit of 982.20M and revenue of 1.33B. Therefore, the gross margin over that period was 74.0%.

DCBO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Docebo Inc reported an operating income of 9.57M and revenue of 64.01M, resulting in an operating margin of 15.0%.

OTEX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Open Text Corp reported an operating income of 291.76M and revenue of 1.33B, resulting in an operating margin of 22.0%.

DCBO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Docebo Inc reported a net income of 27.27M and revenue of 64.01M, resulting in a net margin of 42.6%.

OTEX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Open Text Corp reported a net income of 168.09M and revenue of 1.33B, resulting in a net margin of 12.7%.