Latest Ratios: P/E Ratio 5.4x · EV/EBITDA 2.1x · ROE 11.4%. (2018–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $673M | $428M | $517M | $364M | $419M | $714M | — | — | — |
| Enterprise Value | $327M | $82M | $221M | $204M | $246M | $522M | — | — | — |
| P/E Ratio → | 5.38 | 4.17 | 4.18 | 3.62 | — | 9.12 | — | — | — |
| P/S Ratio | 1.77 | 1.19 | 1.52 | 1.18 | 1.30 | 1.97 | — | — | — |
| P/B Ratio | 0.71 | 0.45 | 0.61 | 0.50 | 0.67 | 0.83 | — | — | — |
| P/FCF | 4.60 | 3.13 | 3.51 | 15.25 | 8.29 | 7.45 | — | — | — |
| P/OCF | 4.92 | 3.13 | 3.49 | 15.12 | 8.25 | 7.43 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.23 | 0.65 | 0.66 | 0.76 | 1.44 | — | — | — |
| EV / EBITDA | 2.12 | 0.57 | 1.56 | 1.67 | — | 4.47 | — | — | — |
| EV / EBIT | 2.42 | 0.56 | 1.34 | 1.53 | — | 5.08 | — | — | — |
| EV / FCF | — | 0.60 | 1.50 | 8.53 | 4.86 | 5.44 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.8% | 71.8% | 69.7% | 67.9% | 66.0% | 65.1% | 64.8% | 63.6% | 61.0% |
| Operating Margin | 37.5% | 37.5% | 40.1% | 38.4% | -97.8% | 27.2% | 24.8% | 25.0% | 20.6% |
| Net Profit Margin | 28.5% | 28.5% | 36.3% | 32.7% | -72.9% | 21.5% | 15.0% | 13.3% | 9.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.4% | 11.4% | 15.8% | 14.9% | -31.4% | 10.0% | 9.9% | 10.2% | 7.6% |
| ROA | 10.5% | 10.5% | 14.5% | 12.7% | -26.6% | 8.8% | 6.6% | 4.4% | 3.1% |
| ROIC | 17.6% | 17.6% | 18.5% | 17.4% | -41.9% | 10.8% | 9.4% | 6.9% | 5.5% |
| ROCE | 14.6% | 14.6% | 16.9% | 16.8% | -38.6% | 11.4% | 11.5% | 9.5% | 8.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.05 | 0.06 | 0.07 | 0.06 | 0.08 | 1.03 | 1.35 |
| Debt / EBITDA | 0.30 | 0.30 | 0.27 | 0.38 | — | 0.43 | 0.47 | 3.84 | 5.25 |
| Net Debt / Equity | — | -0.36 | -0.35 | -0.22 | -0.28 | -0.22 | -0.01 | 0.91 | 1.26 |
| Net Debt / EBITDA | -2.43 | -2.43 | -2.08 | -1.32 | — | -1.65 | -0.05 | 3.42 | 4.89 |
| Debt / FCF | — | -2.53 | -2.01 | -6.72 | -3.43 | -2.00 | -0.06 | 4.55 | 5.83 |
| Interest Coverage | 21.37 | 21.37 | 80.49 | 74.19 | -165.67 | 51.03 | 7.97 | 2.57 | 2.13 |
Net cash position: cash ($389M) exceeds total debt ($43M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.74 | 7.74 | 19.38 | 4.62 | 2.69 | 13.01 | 3.53 | 1.30 | 0.35 |
| Quick Ratio | 7.74 | 7.74 | 19.38 | 4.62 | 2.69 | 13.01 | 3.53 | 1.30 | 0.35 |
| Cash Ratio | 7.19 | 7.19 | 17.74 | 4.01 | 2.45 | 11.64 | 2.46 | 0.84 | 0.22 |
| Asset Turnover | — | 0.35 | 0.38 | 0.38 | 0.41 | 0.37 | 0.44 | 0.34 | 0.33 |
| Inventory Turnover | — | — | — | 399.32 | — | — | — | — | — |
| Days Sales Outstanding | — | 32.44 | 32.91 | 38.24 | 24.10 | 21.98 | 23.73 | 26.43 | 22.01 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.0% | 0.0% | 0.1% | — | — | — | — | — | — |
| Payout Ratio | 0.1% | 0.1% | 0.3% | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 18.6% | 24.0% | 23.9% | 27.6% | — | 11.0% | — | — | — |
| FCF Yield | 21.7% | 32.0% | 28.5% | 6.6% | 12.1% | 13.4% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $50M | $50M | $50M | $50M | $46M | $44M | $50M | $50M |
Includes 30+ ratios · 8 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying DDI stock.
DoubleDown Interactive Co., Ltd.'s current P/E ratio is 5.4x. The historical average is 5.3x. This places it at the 75th percentile of its historical range.
DoubleDown Interactive Co., Ltd.'s current EV/EBITDA is 2.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.1x.
DoubleDown Interactive Co., Ltd.'s return on equity (ROE) is 11.4%. The historical average is 6.1%.
Based on historical data, DoubleDown Interactive Co., Ltd. is trading at a P/E of 5.4x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
DoubleDown Interactive Co., Ltd.'s current dividend yield is 0.01% with a payout ratio of 0.1%.
DoubleDown Interactive Co., Ltd. has 71.8% gross margin and 37.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
DoubleDown Interactive Co., Ltd.'s Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Goodwill concentration risk
Deep Value Pricing Amidst Strong Fundamentals
DoubleDown's valuation multiples are exceptionally low, with a P/E of 6.17 and EV/EBITDA of 2.02, suggesting the market is pricing in significant risk or a lack of confidence in the sustainability of its strong profitability and cash generation.
The company's P/E of 6.17 and EV/EBITDA of 2.02 are dramatically below typical technology sector averages and even its unprofitable peers, implying the market is applying a severe discount. This pricing appears to reflect concerns about the long-term viability of its social casino model or the quality of its earnings, rather than its current financial strength. The PEG ratio of 0.54 further underscores that the market is not pricing in the recent acceleration in revenue growth.
Robust Margins Masked by Earnings Volatility
DoubleDown's gross margin has expanded to a robust 75.5% in 2026Q2, indicating strong pricing power, but net margin volatility from 25.1% to 43.4% over the past year suggests non-operational items are obscuring the true underlying earning power.
The consistent expansion in gross margin from 68.9% to 75.5% over the last ten quarters is a positive structural trend, likely reflecting a more favorable product mix or cost efficiencies. However, the significant swings in net margin, which do not correlate with operating margin trends, indicate that factors like taxes or foreign exchange are creating noise in the bottom line. For fundamental analysis, the stable and high operating margin, averaging around 39%, is a more reliable indicator of core business profitability.
Stable but Modest Returns on a Cash-Rich Base
Despite exceptional profitability, DoubleDown's ROIC has remained stable in the 4.0%-4.7% range, suggesting the company's massive cash pile is diluting returns on invested capital rather than being deployed for high-growth opportunities.
The ROIC trend is remarkably stable but modest, hovering between 4.0% and 4.7% over the past ten quarters. This stability is driven by the consistent operating margin, but the low absolute level is a direct consequence of the company's enormous cash balance, which inflates the invested capital base. The ROE, ranging from 2.5% to 4.3%, tells a similar story, indicating that while the business is profitable, it is not generating outsized returns for shareholders relative to the equity invested.
Negligible Leverage Provides Strategic Optionality
With a debt-to-equity ratio of just 0.04 and interest coverage of 49.20x, DoubleDown's balance sheet is virtually unlevered, providing immense financial flexibility and eliminating any near-term refinancing or covenant risk.
The company's leverage profile is exceptionally conservative, with a D/E ratio that has remained below 0.06 for the entire period. The interest coverage ratio, while volatile due to fluctuations in operating income, is consistently very high, indicating that debt service is a trivial burden. This fortress-like balance sheet suggests the company has significant capacity for strategic investments, acquisitions, or shareholder returns without financial strain.
Extreme Liquidity from Cash Accumulation
DoubleDown's current ratio of 18.67 in 2026Q2, driven by $455.2M in cash against minimal liabilities, indicates a liquidity position so strong it may be suboptimal, suggesting capital is being hoarded rather than deployed for growth.
The liquidity position is not just adequate but extreme, with a current ratio that has spiked to 18.67. This is a direct result of the company's cash-generative model and conservative capital allocation, as it holds nearly five times its total liabilities in cash. While this provides an impenetrable safety net, it also raises questions about capital efficiency, as such a large cash balance is a drag on return on equity and may indicate a lack of compelling reinvestment opportunities.
The Misleading Signal of Low P/E
The most commonly misapplied ratio for DoubleDown is its low P/E of 6.17, which obscures the significant concentration of its book value in goodwill and the potential for earnings volatility from non-operational items.
Investors may be tempted to view the low P/E as a simple value signal, but this metric is misleading for a company where 38.7% of total assets are goodwill from acquisitions. The P/E does not account for the risk that this goodwill could be impaired, which would dramatically reduce book value and distort historical return metrics. A more appropriate metric would be EV/EBITDA, which better reflects the cash-generating power of the core operations independent of its capital structure and intangible asset base.