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DESCARTES SYSTEMS GROUP INC DSGX

Nasdaq · stock · Services-Prepackaged Software · website · IPO 1998-01-21

DESCARTES SYSTEMS GROUP INC statistics & valuation

Market cap$8.1B
P / E49.4×
P / S11.1×
P / B5.0×
P / FCF31.0×
Net margin22.5%
Return on equity10.1%
FCF margin35.7%
Return on capital12.6%
Graham number -64.1%$27.89

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($27.89); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
8.80% 11.10% 11.70% 11.30% 11.40% 11.40% 14.90% 20.30% 22.00% 22.50% 2015201620172018201920202021202220252026
Gross margin (%)
67.90% 70.90% 72.50% 73.20% 72.70% 73.70% 74.20% 76.00% 75.60% 77.10% 2015201620172018201920202021202220252026
Operating margin (%)
13.20% 15.20% 15.10% 15.10% 15.10% 16.00% 20.50% 24.40% 27.80% 28.80% 2015201620172018201920202021202220252026
Return on equity (%)
3.90% 5.10% 5.50% 5.40% 5.90% 4.50% 5.70% 8.60% 10.30% 10.10% 2015201620172018201920202021202220252026
Shares outstanding
75.5M 76.4M 76.5M 77.1M 77.8M 84.2M 85.8M 86.2M 87.3M 87.6M 2015201620172018201920202021202220252026
Net debt ($)
$1.9M -$1.8M 2015201620172018201920202021202220252026
Share buybacks ($)
2015201620172018201920202021202220252026
Return on assets (%)
3.40% 4.50% 4.80% 4.30% 4.80% 3.90% 4.90% 7.30% 8.70% 8.60% 2015201620172018201920202021202220252026
Free cash flow margin (%)
27.40% 27.00% 33.20% 28.20% 26.50% 30.50% 36.60% 40.30% 32.60% 35.70% 2015201620172018201920202021202220252026
Debt / equity (×)
0.07× 0.05× 2015201620172018201920202021202220252026
EPS ($)
$0.21 $0.27 $0.31 $0.35 $0.40 $0.45 $0.61 $1.00 $1.64 $1.87 2015201620172018201920202021202220252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

DESCARTES SYSTEMS GROUP INC trades at about 41.5× earnings — below its 10-year norm (10-year range 35.4×–96×, median 71.9×).

35.4× 96×

Shaded band = 10-year range (35.4×–96×); dot = today's 41.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015
Gross margin77.1%75.6%76.0%74.2%73.7%72.7%73.2%72.5%70.9%67.9%
Operating margin28.8%27.8%24.4%20.5%16.0%15.1%15.1%15.1%15.2%13.2%
Net margin22.5%22.0%20.3%14.9%11.4%11.4%11.3%11.7%11.1%8.8%
FCF margin35.7%32.6%40.3%36.6%30.5%26.5%28.2%33.2%27.0%27.4%
Return on assets8.6%8.7%7.3%4.9%3.9%4.8%4.3%4.8%4.5%3.4%
Return on equity10.1%10.3%8.6%5.7%4.5%5.9%5.4%5.5%5.1%3.9%
Debt / equity—————0.05×0.07×———
Current ratio2.161.622.191.951.131.031.111.351.873.92

Computed from company filings · US · as of 2026-01-31. Facts plus Stocktoria's own computed scores — not investment advice.