Descartes Systems Group Inc (DSGX)

Services-Prepackaged Software

Latest Price

$90.62

TTM P/E

Normalized P/E

63.82

TTM Div Yield

Fwd Div Yield

Book Value

18.82

P/B Ratio

4.82

Valuation metrics

EPS: $1.87

Book value / share: $18.82

Formula: √(22.5 × EPS × BVPS)

Graham Number

$28.14

69% downside

Norm. op. income: $130M (median of 7yr)

Tax rate: 24%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$15.44

83% downside

Base FCF: $202M (median of recent 5yr)

Growth: 16%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$92.31

+2% upside

EPS: $1.87

Target P/E: 64×

Formula: EPS × P/E

P/E Fair Value

$119.68

+32% upside

77.8% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Price T Rowe Associates Inc	5.67M	$392.0M	6.59%	-595.5K	2026-06-30
1832 Asset Management L.P.	3.83M	$264.0M	4.45%	-7.6K	2026-06-30
Jupiter Topco LLC	2.62M	$181.0M	3.05%	--	2026-06-30
Vanguard Capital Management LLC	2.40M	$166.0M	2.79%	+27.3K	2026-06-30
Manufacturers Life Insurance Company, the	2.05M	$141.0M	2.38%	+944.9K	2026-06-30
Temasek Holdings (Private) Ltd	2.01M	$139.0M	2.34%	+547.0K	2026-06-30
Mackenzie Financial Corp	1.97M	$193.0M	2.29%	-475.8K	2026-06-30
Conestoga Capital Advisors, LLC	1.86M	$129.0M	2.17%	-246.5K	2026-06-30
T. Rowe Price Investment Management, Inc.	1.85M	$128.0M	2.15%	-334.2K	2026-06-30
Bank of Montreal	1.81M	$125.0M	2.11%	+285.9K	2026-06-30