The Descartes Systems Group
Financial ratios & Valuation

Forward Multiples (2026 – 2027)

20262027
Price/Earnings ratio
49.8142.87
Price/Sales ratio
12.0610.98
Earnings per Share (EPS)
$1.99$2.31

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
71.7866.1069.4780.5076.2998.90101.7371.3460.5664.2866.6098.90
Price/Sales ratio
6.327.348.129.118.6711.2315.2014.4912.7313.0014.018.67
Price/Book Value ratio
2.763.383.844.334.474.455.816.155.636.016.194.47
Price/Cash Flow ratio
21.8425.0522.8129.9930.5635.0940.3834.9432.1835.8735.3930.56
Price/Free Cash Flow ratio
23.0927.2124.4732.2632.7636.8341.5835.9333.2236.8636.5432.76
Price/Earnings Growth ratio
1.792.314.686.234.4510.132.281.283.594.213.6810.13
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
67.88%70.88%72.49%73.17%72.74%73.68%74.21%76.02%76.68%75.86%76.68%72.74%
Operating Profit Margin
13.21%15.18%15.06%15.11%15.06%16.04%20.47%24.35%26.83%24.93%27.14%15.06%
Pretax Profit Margin
12.77%15.01%15.45%14.63%14.35%14.74%20.18%24.16%27.51%26.38%27.51%14.35%
Net Profit Margin
8.81%11.11%11.69%11.32%11.36%11.35%14.94%20.31%21.03%20.23%21.03%11.36%
Effective Tax Rate
30.98%25.95%24.32%22.64%20.83%22.97%25.96%15.91%23.54%23.31%23.54%20.83%
Return on Assets
3.39%4.54%4.76%4.30%4.78%3.92%4.90%7.27%7.76%7.86%7.76%4.78%
Return On Equity
3.85%5.11%5.53%5.38%5.86%4.50%5.71%8.62%9.29%9.36%9.73%5.86%
Return on Capital Employed
5.59%6.80%6.87%6.44%7.10%6.12%7.44%9.83%11.37%11.24%11.50%7.10%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A2.11N/A
Quick Ratio
3.841.871.341.101.021.121.942.182.112.051.961.02
Cash ratio
2.890.920.700.510.380.491.281.591.621.571.620.38
Days of Sales Outstanding
55.2656.7152.1449.1347.5147.5154.4735.8433.9240.6242.6847.51
Days of Inventory outstanding
3.151.051.080.700.461.751.743.112.44N/A2.440.46
Operating Cycle
58.4157.7653.2249.8347.9849.2656.2138.9536.3640.6212.9649.26
Days of Payables Outstanding
30.7230.3130.4645.2425.0532.6432.2937.8834.0446.1434.0425.05
Cash Conversion Cycle
27.6827.4522.754.5922.9316.6223.921.072.32-5.529.2416.62
Debt Ratios
Debt Ratio
N/AN/AN/A0.060.03N/AN/AN/AN/AN/A0.160.03
Debt Equity Ratio
N/AN/AN/A0.080.04N/AN/AN/AN/AN/A0.190.04
Long-term Debt to Capitalization
N/AN/AN/A0.060.04N/AN/AN/AN/AN/A0.00N/A
Total Debt to Capitalization
N/AN/AN/A0.070.04N/AN/AN/AN/AN/A0.00N/A
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A113.03N/A
Cash Flow to Debt Ratio
N/AN/AN/A1.793.06N/AN/AN/AN/AN/A26.283.06
Company Equity Multiplier
1.131.121.161.251.221.141.161.181.191.191.191.19
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.280.290.350.300.280.310.370.410.390.360.390.28
Free Cash Flow / Operating Cash Flow Ratio
0.940.920.930.920.930.950.970.970.960.970.960.93
Cash Flow Coverage Ratio
N/AN/AN/A1.793.06N/AN/AN/AN/AN/A26.283.06
Short Term Coverage Ratio
N/AN/AN/A22.06N/AN/AN/AN/AN/AN/A56.63N/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A