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D2L Inc
TSX:DTOL

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D2L Inc
TSX:DTOL
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Price: 9.81 CAD 3.92%
Market Cap: CA$532.8m

P/S

1.8
Current
26%
Cheaper
vs 3-y average of 2.4

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.8
=
Market Cap
CA$426.5m
/
Revenue
$217.5m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.8
=
Market Cap
CA$426.5m
/
Revenue
$217.5m

Valuation Scenarios

D2L Inc is trading below its 3-year average

If P/S returns to its 3-Year Average (2.4), the stock would be worth CA$13.27 (35% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+65%
Average Upside
37%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 1.8 CA$9.81
0%
3-Year Average 2.4 CA$13.27
+35%
5-Year Average 2.4 CA$13.06
+33%
Industry Average 2.1 CA$11.41
+16%
Country Average 2.9 CA$16.16
+65%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
CA$426.5m
/
Feb 2026
$217.5m
=
1.8
Current
CA$426.5m
/
Jan 2027
$237.6m
=
1.8
Forward
CA$426.5m
/
Jan 2028
$259.8m
=
1.6
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close

Market Distribution

In line with most companies in Canada
Percentile
35th
Based on 2 477 companies
35th percentile
1.8
Low
0 — 1.4
Typical Range
1.4 — 4.9
High
4.9 —
Distribution Statistics
Canada
Min 0
30th Percentile 1.4
Median 2.9
70th Percentile 4.9
Max 15 623 917.6

D2L Inc
Glance View

D2L, Inc. provides online learning and training services. The company is headquartered in Kitchener, Ontario. The company went IPO on 2021-10-28. The firm offers learning solutions to the K-12, higher education, corporate learning and associations. The firm offers products, such as D2L Brightspace and D2L Wave. D2L Brightspace is a cloud-based software platform designed to help its customers deliver courses in person and online. D2L Brightspace serves as the central foundation for the design and delivery of mobile-optimized and accessible learning experiences, such as courses, learning based games and assessments. Its platform complements, accelerates and improves learning online or in the classroom. Its technology integrates with other technologies, enabling its customers to deliver individualized and personalized learning programs at scale. D2L Wave is an early stage offering designed to help organizations to develop their employees through academic programs and course offerings.

DTOL Intrinsic Value
10.13 CAD
Undervaluation 3%
Intrinsic Value
Price CA$9.81
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