Latest Ratios: P/E Ratio 5.5x · EV/EBITDA 1.5x · 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 | $565M | $428M | $517M | $364M | $419M | $714M | — | — | — |
| Enterprise Value | $220M | $82M | $221M | $204M | $246M | $522M | — | — | — |
| P/E Ratio → | 5.51 | 4.17 | 4.18 | 3.62 | — | 9.12 | — | — | — |
| P/S Ratio | 1.57 | 1.19 | 1.52 | 1.18 | 1.30 | 1.97 | — | — | — |
| P/B Ratio | 0.60 | 0.45 | 0.61 | 0.50 | 0.67 | 0.83 | — | — | — |
| P/FCF | 4.14 | 3.13 | 3.51 | 15.25 | 8.29 | 7.45 | — | — | — |
| P/OCF | 4.13 | 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 | 1.54 | 0.57 | 1.56 | 1.67 | — | 4.47 | — | — | — |
| EV / EBIT | 1.63 | 0.61 | 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 | 19.65 | 19.65 | 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 | 18.1% | 24.0% | 23.9% | 27.6% | — | 11.0% | — | — | — |
| FCF Yield | 24.2% | 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 |
Single product concentration risk
Based on reported figures, DDI trades at a TTM P/E of 5.53 and a forward P/E of 4.59, suggesting that the market is pricing the company as a stagnant asset rather than a high-margin, cash-generative entity with consistent, albeit modest, revenue growth.
The current valuation multiples appear to reflect a significant 'subsidiary discount' due to the company's relationship with its parent, DoubleU Games. Investors should monitor whether this valuation gap narrows as the company continues to accumulate cash, as the current pricing implies a lack of confidence in the sustainability of the flagship title's monetization.
According to recent financial statements, DDI's ROIC has hovered between 4.0% and 5.0% over the last ten quarters, indicating that while the company is profitable, its return on invested capital is suppressed by the massive accumulation of idle cash on the balance sheet.
The stability of these returns suggests a mature, capital-light business model that does not require significant reinvestment to maintain its market position. However, the failure to deploy this capital into higher-yielding opportunities or return it to shareholders may be artificially depressing the company's overall return metrics compared to more aggressive peers.
As reported in quarterly filings, DDI's asset turnover remains consistently low at approximately 0.09 to 0.11, reflecting a business model where the vast majority of the asset base is comprised of cash and intangible assets rather than revenue-generating physical infrastructure.
The lack of inventory and minimal receivables turnover suggest that the company's working capital cycle is primarily dictated by the timing of platform fee settlements. Investors should monitor the DPO trends, which have shown significant quarterly variance, as these fluctuations can impact the short-term liquidity profile of the firm.
Based on DDI's reported figures, the company maintains a current ratio of 8.20 as of 2026Q1, providing a massive liquidity cushion that far exceeds the requirements of its operational needs and offers substantial protection against potential industry-wide downturns or regulatory shocks.
This liquidity position is objectively strong and suggests that the company is well-prepared to navigate any volatility in user acquisition costs or platform fee structures. The absence of debt further reinforces this fortress balance sheet, though it raises questions regarding the lack of strategic capital deployment.
The P/E ratio is the most commonly misapplied metric for DDI, as it fails to account for the company's massive cash position, which represents a significant portion of the market capitalization and effectively masks the true earnings power of the underlying gaming operations.
Analysts should instead focus on EV/EBITDA or P/FCF, which adjust for the cash-heavy balance sheet and provide a more accurate reflection of the company's operational performance. Relying solely on P/E may lead to an incorrect assessment of the company's valuation, as it treats the idle cash as a drag on earnings rather than a valuable asset.
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Quick answers to the most common questions about buying DDI stock.
DoubleDown Interactive Co., Ltd.'s current P/E ratio is 5.5x. 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 1.5x. 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 5.5x. 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.