The Descartes Systems Group Inc. (DSGX) Key Metrics
DSGX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $7.45B
- Enterprise value
- $6.49B
- P/E (TTM)
- 40.5 10-yr median 71.6
- Forward P/E
- 29.6
- PEG ratio
- 1.56
- Price / sales
- 9.6 10-yr median 12.2
- Price / book
- 4.2 10-yr median 5.1
- EV / EBITDA
- 19.0 10-yr median 31.4
- Dividend yield
- —
- Beta
- 0.20
DSGX key metrics, FY2017–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsDSGX valuation Price multiples at each fiscal year-end price.
DSGX returns How much profit the business earns on the capital it uses.
DSGX per-share figures Results divided by the shares outstanding at year-end.
DSGX financial health Debt, liquidity and how easily interest is covered.
DSGX efficiency & capital use Working capital cycle and where the cash goes.
DSGX valuation history
DSGX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DSGX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DSGX cash returned to shareholders
DSGX price vs earnings per share
DSGX key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $6.55B | $10.11B | $7.60B | $6.31B | $6.27B | $5.24B | $3.71B | $2.42B | $2.19B | $1.67B |
| Enterprise value | $6.20B | $9.89B | $7.29B | $6.04B | $6.07B | $5.12B | $3.68B | $2.45B | $2.19B | $1.64B |
| P/E ratio | 40.0 | 70.6 | 65.6 | 61.7 | 72.7 | 100.5 | 100.4 | 77.3 | 81.3 | 70.1 |
| Price / sales | 9.0 | 15.5 | 13.3 | 13.0 | 14.8 | 15.0 | 11.4 | 8.8 | 9.2 | 8.2 |
| Price / book | 4.1 | 7.3 | 6.1 | 5.7 | 6.3 | 5.7 | 4.5 | 4.5 | 4.4 | 3.9 |
| Price / free cash flow | 24.6 | 47.6 | 37.5 | 33.9 | 36.6 | 41.1 | 37.4 | 33.2 | 32.6 | 24.7 |
| Price / operating cash flow | 24.1 | 46.1 | 36.5 | 32.8 | 35.6 | 39.9 | 35.6 | 30.9 | 30.3 | 23.0 |
| EV / sales | 8.5 | 15.2 | 12.7 | 12.4 | 14.3 | 14.7 | 11.3 | 8.9 | 9.2 | 8.0 |
| EV / EBITDA | 20.3 | 37.5 | 33.2 | 30.5 | 36.5 | 38.4 | 32.3 | 28.4 | 29.8 | 24.9 |
| EV / free cash flow | 23.3 | 46.5 | 35.9 | 32.4 | 35.4 | 40.1 | 37.1 | 33.6 | 32.7 | 24.2 |
| Earnings yield | 2.5% | 1.4% | 1.5% | 1.6% | 1.4% | 1.0% | 1.0% | 1.3% | 1.2% | 1.4% |
| Free cash flow yield | 4.1% | 2.1% | 2.7% | 3.0% | 2.7% | 2.4% | 2.7% | 3.0% | 3.1% | 4.0% |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.1% | 0.1% | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% |
| Share price at fiscal year-end | $74.76 | $115.83 | $87.59 | $73.02 | $72.77 | $61.06 | $44.81 | $31.06 | $28.35 | $21.85 |
| Per share | ||||||||||
| Revenue per share | $8.32 | $7.46 | $6.60 | $5.62 | $4.93 | $4.07 | $3.93 | $3.54 | $3.08 | $2.66 |
| Earnings per share | $1.87 | $1.64 | $1.34 | $1.18 | $1.00 | $0.61 | $0.45 | $0.40 | $0.35 | $0.31 |
| Operating cash flow per share | $3.11 | $2.51 | $2.40 | $2.23 | $2.04 | $1.53 | $1.26 | $1.00 | $0.94 | $0.95 |
| Free cash flow per share | $3.04 | $2.43 | $2.34 | $2.16 | $1.99 | $1.49 | $1.20 | $0.94 | $0.87 | $0.88 |
| Cash per share | $4.05 | $2.70 | $3.70 | $3.20 | $2.48 | $1.56 | $0.54 | $0.35 | $0.46 | $0.50 |
| Book value per share | $18.37 | $15.86 | $14.26 | $12.72 | $11.60 | $10.62 | $9.92 | $6.86 | $6.47 | $5.63 |
| Tangible book value per share | $2.96 | $1.59 | $2.61 | $2.24 | $1.87 | $1.23 | $0.50 | −$0.27 | −$0.38 | $0.29 |
| Capex per share | $0.07 | $0.08 | $0.06 | $0.07 | $0.06 | $0.04 | $0.06 | $0.07 | $0.07 | $0.06 |
| Debt per share | $0.09 | $0.09 | $0.08 | $0.08 | $0.13 | $0.15 | $0.16 | $0.77 | $0.52 | $0.03 |
| Shares outstanding | 87.6M | 87.3M | 86.8M | 86.5M | 86.2M | 85.8M | 82.9M | 77.8M | 77.1M | 76.5M |
| Change in shares outstanding | +0.3% | +0.6% | +0.4% | +0.3% | +0.5% | +3.5% | +6.5% | +0.9% | +0.8% | +0.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 10.9% | 10.9% | 9.9% | 9.7% | 9.0% | 6.0% | 5.5% | 6.1% | 5.8% | 5.7% |
| Return on invested capital (ROIC) | 13.7% | 13.0% | 12.5% | 12.2% | 11.0% | 6.7% | 5.9% | 6.1% | 6.2% | 6.1% |
| Return on assets (ROA) | 9.3% | 9.2% | 8.3% | 8.2% | 7.7% | 5.2% | 4.6% | 4.9% | 4.8% | 5.0% |
| Return on tangible assets | 30.6% | 35.7% | 25.0% | 24.9% | 24.9% | 20.2% | 22.8% | 31.6% | 27.8% | 25.9% |
| Free cash flow margin | 36.5% | 32.6% | 35.4% | 38.3% | 40.3% | 36.6% | 30.5% | 26.5% | 28.2% | 33.2% |
| Income quality (OCF / net income) | 1.66 | 1.53 | 1.80 | 1.88 | 2.04 | 2.52 | 2.82 | 2.50 | 2.68 | 3.04 |
| Financial health | ||||||||||
| Total debt | $8.3M | $8.3M | $7.0M | $7.3M | $11.4M | $13.1M | $13.4M | $59.7M | $40.3M | $2.2M |
| Cash & short-term investments | $354.3M | $236.1M | $321.0M | $276.4M | $213.4M | $133.7M | $44.4M | $27.3M | $35.1M | $38.1M |
| Net debt | −$346.0M | −$227.9M | −$314.0M | −$269.1M | −$202.0M | −$120.6M | −$31.0M | $32.4M | $5.1M | −$36.0M |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.11 | 0.08 | 0.01 |
| Debt / assets | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.09 | 0.06 | 0.00 |
| Net debt / EBITDA | −1.13 | −0.86 | −1.43 | −1.36 | −1.21 | −0.91 | −0.27 | 0.38 | 0.07 | −0.55 |
| Current ratio | 2.16 | 1.62 | 2.05 | 2.11 | 2.19 | 1.95 | 1.13 | 1.03 | 1.11 | 1.35 |
| Quick ratio | 2.16 | 1.62 | 2.05 | 2.11 | 2.18 | 1.94 | 1.12 | 1.03 | 1.10 | 1.35 |
| Interest coverage | 223.0 | 180.4 | 104.8 | 111.8 | 92.1 | 60.2 | 11.8 | 19.5 | 27.7 | 50.2 |
| Working capital | $257.2M | $135.5M | $214.6M | $189.1M | $158.6M | $98.8M | $11.3M | $1.9M | $7.2M | $18.7M |
| Invested capital | $1.26B | $1.16B | $924.1M | $830.3M | $797.8M | $790.5M | $790.7M | $565.9M | $503.9M | $394.6M |
| Tangible asset value | $259.4M | $139.0M | $226.6M | $193.9M | $161.4M | $105.9M | $41.1M | −$20.9M | −$29.3M | $22.0M |
| Net current asset value | $204.0M | $90.2M | $181.9M | $142.0M | $106.4M | $50.9M | −$20.7M | −$47.6M | −$51.2M | $2.6M |
| Graham number | $27.80 | $24.20 | $20.70 | $18.39 | $16.16 | $12.05 | $9.98 | $7.88 | $7.12 | $6.28 |
| Graham net-net per share | $1.68 | $0.31 | $1.42 | $1.09 | $0.69 | $0.24 | −$0.54 | −$0.84 | −$0.87 | −$0.13 |
| Capital allocation | ||||||||||
| Share buybacks (net) | $911,573 | $6.7M | $4.9M | — | — | — | $0 | $0 | $0 | $0 |
| Dividends + buybacks / free cash flow | 0.3% | 3.2% | 2.4% | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / revenue | 0.8% | 1.0% | 1.0% | 1.2% | 1.1% | 1.1% | 1.5% | 1.9% | 2.1% | 2.4% |
| Capex / operating cash flow | 2.2% | 3.1% | 2.7% | 3.2% | 2.7% | 2.9% | 4.7% | 6.7% | 7.0% | 6.8% |
| Capex / depreciation | 0.07 | 0.09 | 0.08 | 0.09 | 0.08 | 0.06 | 0.08 | 0.12 | 0.14 | 0.15 |
| Stock-based compensation / revenue | 2.9% | 3.1% | 2.9% | 2.8% | 2.6% | 1.8% | 1.5% | 1.3% | 1.2% | 1.0% |
| R&D / revenue | 14.4% | 14.7% | 14.7% | 14.5% | 14.7% | 15.5% | 16.4% | 17.4% | 17.6% | 17.4% |
| SG&A / revenue | 21.3% | 21.3% | 21.9% | 21.9% | 21.5% | 21.5% | 23.0% | 24.3% | 24.7% | 23.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 40.4 | 34.3 | 30.8 | 32.6 | 40.3 | 49.4 | 43.8 | 45.0 | 46.9 | 51.8 |
| Days of inventory on hand | 0.9 | 1.2 | 1.5 | 2.6 | 2.3 | 1.7 | 1.1 | 0.5 | 0.8 | 1.0 |
| Days payables outstanding | 45.2 | 43.9 | 37.0 | 34.0 | 33.2 | 31.7 | 27.3 | 31.7 | 36.0 | 29.8 |
| Cash conversion cycle (days) | -3.9 | -8.3 | -4.7 | 1.2 | 9.4 | 19.4 | 17.6 | 13.7 | 11.7 | 23.1 |
| Receivables turnover | 9.03 | 10.63 | 11.84 | 11.19 | 9.06 | 7.38 | 8.33 | 8.12 | 7.78 | 7.04 |
| Payables turnover | 8.08 | 8.32 | 9.86 | 10.72 | 10.99 | 11.51 | 13.38 | 11.50 | 10.13 | 12.25 |
| Inventory turnover | 411.07 | 297.66 | 248.73 | 139.31 | 156.99 | 214.07 | 338.82 | 688.02 | 439.34 | 348.14 |
| Asset turnover | 0.41 | 0.42 | 0.41 | 0.39 | 0.38 | 0.35 | 0.41 | 0.43 | 0.42 | 0.43 |
| Average receivables | $80.8M | $61.2M | $48.4M | $43.4M | $46.9M | $47.2M | $39.1M | $33.9M | $30.5M | $28.9M |
| Average payables | $20.7M | $19.1M | $14.0M | $10.6M | $9.3M | $7.8M | $6.4M | $6.5M | $6.3M | $4.6M |
| Average inventory | $406,419 | $532,732 | $556,000 | $813,500 | $648,500 | $420,000 | $253,000 | $109,000 | $145,000 | $161,000 |
| Intangibles / total assets | 71.6% | 75.6% | 68.6% | 68.8% | 70.7% | 75.7% | 82.8% | 84.9% | 84.5% | 81.6% |
Computed from DSGX's annual financial statements (latest annual report filed March 11, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
DSGX valuation and financial ratios
At the end of fiscal 2026 (January 31, 2026), Descartes Systems traded at 40.0 times earnings, against a 10-year median of 71.6. Based on the latest twelve months, the trailing P/E is 40.5 and the forward P/E is 29.6. Descartes Systems earned a return on equity of 10.9% and a return on invested capital of 13.7% in fiscal 2026. It ended the year with $8.3 million of debt and $354.3 million in cash and short-term investments, a net cash position of $346.0 million. It returned $0.9 million to shareholders: $0 in dividends and $0.9 million in share buybacks, 0% of free cash flow. The share count rose 14.5% from 76.5M to 87.6M over 9 years.
See the DSGX income statement, the DSGX chart for price history, or the DSGX stock overview for the latest quote and news.
DSGX key metrics FAQ
What is Descartes Systems's P/E ratio?
Descartes Systems's trailing P/E ratio is 40.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 29.6. At the end of fiscal 2026 it was 40.0, compared with a 10-year median of 71.6.
What is Descartes Systems's EV/EBITDA?
Descartes Systems's enterprise value was 20.3 times EBITDA at the end of fiscal 2026 (enterprise value $6.2 billion, EBITDA $305.2 million); the current EV/EBITDA is 19.0.
What is Descartes Systems's return on equity?
Descartes Systems's return on equity (ROE) was 10.9% in fiscal 2026: net income of $163.8 million on average shareholders' equity of $1.5 billion.
What is Descartes Systems's ROIC?
Descartes Systems's return on invested capital was 13.7% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Descartes Systems have?
Descartes Systems had total debt of $8.3 million at the end of fiscal 2026, a debt-to-equity ratio of 0.01 and more cash than debt.
Does Descartes Systems buy back its shares?
Yes. Descartes Systems spent $0.9 million on net share repurchases in fiscal 2026 Shares outstanding changed +0.3% over the year, to 87.6M..
What is Descartes Systems's free cash flow yield?
Descartes Systems generated $266.2 million of free cash flow in fiscal 2026, a free cash flow yield of 4.1% on its market value at year-end ($6.5 billion).
What is Descartes Systems's current ratio?
Descartes Systems's current ratio was 2.16 at the end of fiscal 2026: current assets were 2.16 times current liabilities.