Youdao, Inc. (DAO) Financial Ratios
9 years of historical data (2017–2025) · Consumer Defensive · Education & Training Services
EV/EBITDA
↓
43.89
↑+307% vs avg
5yr avg: 10.79
30Y Low10.3·High11.3
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
N/A
—
5yr avg: N/A
30Y Low4.5·High4.5
ROE
N/A
—
5yr avg: N/A
30Y Low-200%·High-200%
Debt/EBITDA
↓
7.26
↓-15% vs avg
5yr avg: 8.51
30Y Low7.3·High9.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DAO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Youdao, Inc. trades at 90.7x earnings, 734% above its 5-year average of 10.9x, sitting at the 100th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 18.8x, the stock trades at a premium of 383%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.4B | $1.2B | $874M | $478M | $607M | $1.5B | $3.0B | $1.3B | — | — |
| Enterprise Value | $1.6B | $2.6B | $2.1B | $1.6B | $1.3B | $2.4B | $3.4B | $2.1B | — | — |
| P/E Ratio → | 90.74 | 11.20 | 10.57 | — | — | — | — | — | — | — |
| P/S Ratio | 1.63 | 0.20 | 0.16 | 0.09 | 0.12 | 0.38 | 1.19 | 1.11 | — | — |
| P/B Ratio | — | — | — | — | — | — | — | 4.46 | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
DAO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Youdao, Inc.'s enterprise value stands at 43.9x EBITDA, 307% above its 5-year average of 10.8x. The Consumer Defensive sector median is 11.0x, placing the stock at a 299% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.44 | 0.38 | 0.30 | 0.26 | 0.61 | 1.33 | 1.71 | — | — |
| EV / EBITDA | 43.89 | 10.32 | 11.26 | — | — | — | — | — | — | — |
| EV / EBIT | 48.40 | 14.68 | 13.84 | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — |
DAO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Youdao, Inc. earns an operating margin of 3.9%, roughly in line with the Consumer Defensive sector average. Operating margins have expanded from -8.0% to 3.9% over the past 3 years, signaling improving operational efficiency.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.3% | 44.3% | 48.9% | 51.4% | 51.6% | 49.5% | 43.8% | 27.7% | 29.6% | 35.5% |
| Operating Margin | 3.9% | 3.9% | 2.9% | -8.0% | -13.7% | -21.2% | -33.7% | -38.1% | -30.0% | -28.5% |
| Net Profit Margin | 1.8% | 1.8% | 1.5% | -10.2% | -14.5% | -24.8% | -69.4% | -49.8% | -28.6% | -29.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | -199.8% | — | — |
| ROA | 5.7% | 5.7% | 4.7% | -27.9% | -29.6% | -42.3% | -84.3% | -44.5% | -53.5% | -82.5% |
| ROIC | — | — | — | — | — | -319.2% | — | -95.6% | — | — |
| ROCE | — | — | — | — | — | — | — | -140.3% | — | — |
DAO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Youdao, Inc. carries a Debt/EBITDA ratio of 7.3x, which is highly leveraged (108% above the sector average of 3.5x). Net debt stands at $1.4B ($1.8B total debt minus $440M cash). Interest coverage of just 2.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | 2.99 | — | — |
| Debt / EBITDA | 7.26 | 7.26 | 9.77 | — | — | — | — | — | — | — |
| Net Debt / Equity | — | — | — | — | — | — | — | 2.41 | — | — |
| Net Debt / EBITDA | 5.51 | 5.51 | 6.65 | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 2.88 | 2.88 | 2.08 | -6.76 | -14.66 | -28.42 | -25.92 | -14.19 | -4.37 | -4.52 |
DAO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.59x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.42x to 0.59x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.59 | 0.59 | 0.50 | 0.42 | 0.59 | 0.75 | 0.55 | 1.15 | 0.46 | 0.13 |
| Quick Ratio | 0.54 | 0.54 | 0.45 | 0.35 | 0.52 | 0.66 | 0.51 | 1.11 | 0.44 | 0.13 |
| Cash Ratio | 0.25 | 0.25 | 0.22 | 0.17 | 0.32 | 0.27 | 0.35 | 0.92 | 0.33 | 0.04 |
| Asset Turnover | — | 2.99 | 3.10 | 3.23 | 2.20 | 1.52 | 1.22 | 0.58 | 1.18 | 2.82 |
| Inventory Turnover | 23.39 | 23.39 | 16.47 | 12.08 | 10.45 | 7.94 | 11.93 | 11.91 | 21.62 | 190.54 |
| Days Sales Outstanding | — | 43.40 | 32.66 | 25.75 | 30.07 | 23.13 | 44.52 | 65.18 | 45.80 | 59.53 |
DAO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Youdao, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 1.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.1% | 8.9% | 9.5% | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 7.1% | 26.7% | 8.3% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 7.1% | 26.7% | 8.3% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $120M | $118M | $121M | $113M | $122M | $113M | $95M | $99M | $99M |
Peer Comparison
Compare DAO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DAOYou | $1B | 90.7 | 43.9 | — | 44.3% | 3.9% | — | — | 7.3 |
 TAL | $621M | 7.3 | -20.0 | 2.2 | 53.3% | -0.3% | 2.3% | -0.3% | 8.2 |
 EDU | $7B | 19.6 | 11.9 | 11.2 | 55.4% | 8.7% | 9.3% | 9.9% | 1.5 |
 GOTU | $599M | -13.3 | — | 16.4 | 67.4% | -8.2% | -20.3% | -33.8% | — |
 DUOL | $6B | 14.7 | 32.7 | 15.8 | 72.2% | 13.1% | 38.1% | 40.8% | 0.6 |
 CHGG | $118M | -1.1 | 11.1 | — | 60.2% | -16.8% | -66.2% | -13.4% | 5.5 |
 COUR | $906M | -17.3 | — | 8.4 | 54.6% | -10.3% | -8.3% | — | — |
 LOPE | $4B | 18.4 | 11.4 | 16.1 | 52.4% | 27.5% | 28.2% | 32.5% | 0.6 |
 PRDO | $2B | 13.2 | 8.3 | 9.3 | 71.7% | 23.2% | 16.6% | 15.3% | 0.4 |
 NTES | $77B | 15.7 | 12.6 | 10.9 | 64.3% | 31.8% | 21.9% | 24.0% | 0.2 |
 BIDU | $38B | 64.4 | 39.3 | — | 43.9% | -4.5% | 1.9% | -1.2% | 11.6 |
| Consumer Defensive Median | — | 18.8 | 11.0 | 15.3 | 40.8% | 3.5% | 6.5% | 5.7% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 9 years · Updated daily
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DAO — Frequently Asked Questions
Quick answers to the most common questions about buying DAO stock.
What is Youdao, Inc.'s P/E ratio?
Youdao, Inc.'s current P/E ratio is 90.7x. The historical average is 10.9x. This places it at the 100th percentile of its historical range.
What is Youdao, Inc.'s EV/EBITDA?
Youdao, Inc.'s current EV/EBITDA is 43.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.8x.
Is DAO stock overvalued?
Based on historical data, Youdao, Inc. is trading at a P/E of 90.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Youdao, Inc.'s profit margins?
Youdao, Inc. has 44.3% gross margin and 3.9% operating margin.
How much debt does Youdao, Inc. have?
Youdao, Inc.'s Debt/EBITDA ratio is 7.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.