Docebo (DCBO) vs Materialise NV (MTLS)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Materialise NV (MTLS) has outperformed Docebo (DCBO) over the past year, gaining 37.1% versus a loss of 12.4%. Over five years, MTLS leads with a -59.0% price change compared with -69.1% for DCBO. Docebo is the larger company by market cap ($595.7 million vs $489.4 million), about 1.2 times the size.
On valuation, Docebo trades at a lower forward P/E (11.5x vs 32.8x for Materialise NV).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | DCBO | MTLS |
|---|---|---|
| Share price | $23.88 | $8.50 |
| Market cap | $595.75M | $489.36M |
| 1-day change | -0.95% | -0.70% |
| YTD return | +7.57% | +53.15% |
| 1-year return | -12.43% | +37.10% |
| 5-year return | -69.08% | -59.00% |
| P/E ratio (TTM) | 20.59 | 30.36 |
| Forward P/E | 11.49 | 32.84 |
| EPS (TTM) | $1.16 | $0.28 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $28.72 | $8.82 |
| 52-week low | $14.39 | $4.78 |
| Distance from 52-week high | -16.85% | -3.63% |
| Analyst consensus | none | buy |
| Avg. price target upside | +22.49% | +3.53% |
| Average volume | 70.99K | 132.76K |
| Shares outstanding | 24.95M | 57.57M |
| Employees | 966 | 2,556 |
| Sector | Technology | Technology |
| Industry | Software - Application | Software - Application |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- MTLS has outperformed DCBO by 49.5 percentage points over the past year.
- Materialise NV trades at a higher earnings multiple (30.4x vs 20.6x trailing P/E).
About Docebo
DCBO stock →Docebo Inc. develops and provides learning management platform for training in Canada, the United States, and internationally.
Technology · Software - Application · 966 employees
About Materialise NV
MTLS stock →Materialise NV provides additive manufacturing and medical software tools, and 3D printing services in the Americas, Europe, Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing.
Technology · Software - Application · 2,556 employees
DCBO vs MTLS FAQ
Which is bigger, Docebo or Materialise NV?
Docebo (DCBO) is larger, with a market capitalization of $595.75M compared with $489.36M for Materialise NV (MTLS).
Which stock has performed better over the past year, DCBO or MTLS?
MTLS returned +37.10% over the past 12 months, compared with -12.43% for DCBO (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, DCBO or MTLS?
DCBO has the lower trailing P/E at 20.6, versus 30.4 for MTLS. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Docebo and Materialise NV in the same industry?
Yes. Both are classified in the Software - Application industry within the Technology sector.