Duolingo price to book ratio DUOL

Market value divided by the book value of the company's net assets, since 2021.

Today, Oct 23, 2026: 4.7×
5-year median: 10.1×
Against its 5-year history: 12th; percentile: 0 is its lowest day, 100 its highest
5-year range: 3.1× to 26.9×
Peer median: 4.3×

Duolingo's price to book ratio is 4.7× as of Oct 23, 2026.

That is below its 5-year median of 10.1×, lower than on 88% of days in the last 5 years.

Over that time it ranged from 3.1× in Apr 2026 to 26.9× in May 2025.

The median for 10 infrastructure software stocks of a similar size is 4.3×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	4.7×	3.1×	6.2×
2025	6.4×	6.1×	26.9×
2024	17.8×	9.8×	19.7×
2023	15.5×	5.4×	16.3×
2022	5.4×	5.1×	8.3×
2021	7.8×	7.0×	11.4×

Against its peers

Companies in Software - Infrastructure nearest Duolingo's size, closest first, today.

Company	Price to book ratio
DUOLDuolingo	4.7×
OTEXOpen Text	1.7×
CVLTCommvault Systems	135×
YOUClear Secure	29.8×
SAICScience Applications International	4.3×
PATHUiPath	3.8×
APPFAppfolio	14.2×
QLYSQualys	13.3×
BOXBox	n/m
ACIWACI Worldwide	3.8×
WAYWaystar	1.4×
Peer median	4.3×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Duolingo

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.