Descartes Systems Group Inc (DSG) - Net Assets

Latest as of October 2025: CA$1.55 Billion CAD ≈ $1.12 Billion USD

Based on the latest financial reports, Descartes Systems Group Inc (DSG) has net assets worth CA$1.55 Billion CAD (≈ $1.12 Billion USD) as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.82 Billion ≈ $1.32 Billion USD) and total liabilities (CA$269.03 Million ≈ $194.61 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Descartes Systems Group Inc to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$1.55 Billion
% of Total Assets	85.22%
Annual Growth Rate	11.55%
5-Year Change	49.65%
10-Year Change	237.46%
Growth Volatility	62.97

Descartes Systems Group Inc - Net Assets Trend (1998–2025)

This chart illustrates how Descartes Systems Group Inc's net assets have evolved over time, based on quarterly financial data. Also explore DSG total asset value for the complete picture of this company's asset base.

Annual Net Assets for Descartes Systems Group Inc (1998–2025)

The table below shows the annual net assets of Descartes Systems Group Inc from 1998 to 2025. For live valuation and market cap data, see how much is Descartes Systems Group Inc worth.

Year	Net Assets	Change
2025-01-31	CA$1.36 Billion ≈ $983.99 Million	+10.52%
2024-01-31	CA$1.23 Billion ≈ $890.31 Million	+12.02%
2023-01-31	CA$1.10 Billion ≈ $794.78 Million	+9.87%
2022-01-31	CA$1.00 Billion ≈ $723.42 Million	+10.02%
2021-01-31	CA$908.96 Million ≈ $657.53 Million	+10.57%
2020-01-31	CA$822.04 Million ≈ $594.65 Million	+54.28%
2019-01-31	CA$532.82 Million ≈ $385.43 Million	+6.82%
2018-01-31	CA$498.81 Million ≈ $360.83 Million	+15.90%
2017-01-31	CA$430.38 Million ≈ $311.33 Million	+6.77%
2016-01-31	CA$403.08 Million ≈ $291.58 Million	+2.43%
2015-01-31	CA$393.52 Million ≈ $284.66 Million	+57.34%
2014-01-31	CA$250.11 Million ≈ $180.93 Million	+5.54%
2013-01-31	CA$236.98 Million ≈ $171.43 Million	+7.98%
2012-01-31	CA$219.47 Million ≈ $158.76 Million	+6.49%
2011-01-31	CA$206.11 Million ≈ $149.10 Million	+9.80%
2010-01-31	CA$187.71 Million ≈ $135.78 Million	+40.66%
2009-01-31	CA$133.45 Million ≈ $96.54 Million	+17.00%
2008-01-31	CA$114.06 Million ≈ $82.51 Million	+81.96%
2007-01-31	CA$62.68 Million ≈ $45.34 Million	+63.28%
2006-01-31	CA$38.39 Million ≈ $27.77 Million	+7.10%
2005-01-31	CA$35.84 Million ≈ $25.93 Million	-61.12%
2004-01-31	CA$92.20 Million ≈ $66.69 Million	-40.41%
2003-01-31	CA$154.72 Million ≈ $111.92 Million	-47.66%
2002-01-31	CA$295.60 Million ≈ $213.83 Million	-1.63%
2001-01-31	CA$300.49 Million ≈ $217.37 Million	+297.16%
2000-01-31	CA$75.66 Million ≈ $54.73 Million	+60.30%
1999-01-31	CA$47.20 Million ≈ $34.14 Million	-33.60%
1998-01-31	CA$71.08 Million ≈ $51.42 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Descartes Systems Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 37073439919.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (January 2025)

Component	Amount	Percentage
Retained Earnings	CA$357.52 Million	26.28%
Common Stock	CA$558.18 Million	41.04%
Other Comprehensive Income	CA$-49.59 Million	-3.65%
Other Components	CA$494.14 Million	36.33%
Total Equity	CA$1.36 Billion	100.00%

Descartes Systems Group Inc Competitors by Market Cap

The table below lists competitors of Descartes Systems Group Inc ranked by their market capitalization.

Company	Market Cap
Urban Outfitters Inc NASDAQ:URBN	$6.19 Billion
GUOTAI JUNAN SEC. H YC1 F:153A	$6.19 Billion
Hui Lyu Ecological Technology Groups Co Ltd SHE:001267	$6.20 Billion
Healthcare Realty Trust Incorporated NYSE:HR	$6.21 Billion
SBM Offshore N.V. AS:SBMO	$6.18 Billion
Darling Ingredients Inc NYSE:DAR	$6.18 Billion
Vishal Mega Mart Ord Shs NSE:VMM	$6.18 Billion
Accelleron Industries AG SW:ACLN	$6.18 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Descartes Systems Group Inc's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,230,756,097 to 1,360,254,017, a change of 129,497,920 (10.5%).
Net income of 143,273,000 contributed positively to equity growth.
Share repurchases of 12,391,000 reduced equity.
New share issuances of 12,391,000 increased equity.
Other comprehensive income decreased equity by 21,176,701.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$143.27 Million	+10.53%
Share Repurchases	CA$12.39 Million	-0.91%
Share Issuances	CA$12.39 Million	+0.91%
Other Comprehensive Income	CA$-21.18 Million	-1.56%
Other Changes	CA$7.40 Million	+0.54%
Total Change	CA$-	10.52%

Book Value vs Market Value Analysis

This analysis compares Descartes Systems Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 6.38x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 15.92x to 6.38x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1998-01-31	CA$6.25	CA$99.45	x
1999-01-31	CA$1.43	CA$99.45	x
2000-01-31	CA$2.06	CA$99.45	x
2001-01-31	CA$6.80	CA$99.45	x
2002-01-31	CA$5.81	CA$99.45	x
2003-01-31	CA$2.96	CA$99.45	x
2004-01-31	CA$1.93	CA$99.45	x
2005-01-31	CA$0.88	CA$99.45	x
2006-01-31	CA$0.92	CA$99.45	x
2007-01-31	CA$1.35	CA$99.45	x
2008-01-31	CA$2.18	CA$99.45	x
2009-01-31	CA$2.49	CA$99.45	x
2010-01-31	CA$3.33	CA$99.45	x
2011-01-31	CA$3.28	CA$99.45	x
2012-01-31	CA$3.46	CA$99.45	x
2013-01-31	CA$3.71	CA$99.45	x
2014-01-31	CA$3.89	CA$99.45	x
2015-01-31	CA$5.50	CA$99.45	x
2016-01-31	CA$5.28	CA$99.45	x
2017-01-31	CA$5.62	CA$99.45	x
2018-01-31	CA$6.47	CA$99.45	x
2019-01-31	CA$6.85	CA$99.45	x
2020-01-31	CA$9.92	CA$99.45	x
2021-01-31	CA$10.60	CA$99.45	x
2022-01-31	CA$11.60	CA$99.45	x
2023-01-31	CA$12.71	CA$99.45	x
2024-01-31	CA$14.18	CA$99.45	x
2025-01-31	CA$15.58	CA$99.45	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Descartes Systems Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 10.53%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 22.01%
• Asset Turnover: 0.40x
• Equity Multiplier: 1.19x
Recent ROE (10.53%) is above the historical average (-9.58%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1998	-16.46%	-57.05%	0.24x	1.21x	CA$-18.81 Million
1999	-54.87%	-53.07%	0.78x	1.32x	CA$-30.62 Million
2000	-28.77%	-49.85%	0.48x	1.19x	CA$-29.34 Million
2001	-10.52%	-47.45%	0.17x	1.33x	CA$-61.67 Million
2002	-19.86%	-73.84%	0.20x	1.31x	CA$-88.28 Million
2003	-89.32%	-196.35%	0.29x	1.57x	CA$-153.67 Million
2004	-46.37%	-71.51%	0.46x	1.40x	CA$-51.97 Million
2005	-154.36%	-119.26%	0.64x	2.03x	CA$-58.92 Million
2006	7.79%	6.54%	0.98x	1.22x	CA$-850.11K
2007	6.36%	7.67%	0.73x	1.14x	CA$-2.28 Million
2008	19.68%	38.02%	0.46x	1.12x	CA$11.04 Million
2009	15.34%	30.99%	0.45x	1.10x	CA$7.12 Million
2010	7.64%	19.45%	0.35x	1.11x	CA$-4.42 Million
2011	5.60%	11.63%	0.41x	1.17x	CA$-9.07 Million
2012	5.48%	10.55%	0.44x	1.18x	CA$-9.92 Million
2013	6.75%	12.61%	0.46x	1.16x	CA$-7.70 Million
2014	3.84%	6.35%	0.44x	1.38x	CA$-15.40 Million
2015	3.83%	8.81%	0.38x	1.14x	CA$-24.29 Million
2016	5.10%	11.12%	0.41x	1.13x	CA$-19.75 Million
2017	5.54%	11.70%	0.41x	1.16x	CA$-19.20 Million
2018	5.39%	11.32%	0.38x	1.25x	CA$-23.00 Million
2019	5.87%	11.37%	0.42x	1.22x	CA$-22.00 Million
2020	4.50%	11.36%	0.35x	1.15x	CA$-45.21 Million
2021	5.73%	14.94%	0.33x	1.17x	CA$-38.80 Million
2022	8.63%	20.32%	0.36x	1.19x	CA$-13.72 Million
2023	9.31%	21.04%	0.37x	1.20x	CA$-7.63 Million
2024	9.42%	20.23%	0.39x	1.19x	CA$-7.17 Million
2025	10.53%	22.01%	0.40x	1.19x	CA$7.25 Million

Industry Comparison

This section compares Descartes Systems Group Inc's net assets metrics with peer companies in the Software - Application industry.

Industry Context

Industry: Software - Application
Average net assets among peers: $26,501,998
Average return on equity (ROE) among peers: 17.43%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Descartes Systems Group Inc (DSG)	CA$1.55 Billion	-16.46%	0.17x	$6.19 Billion
Abaxx Technologies Inc (ABXX)	$-1.66 Million	0.00%	0.00x	$1.39 Billion
Adcore Inc (ADCO)	$9.73 Million	-22.96%	0.49x	$10.05 Million
AnalytixInsight Inc (ALY)	$-2.59 Million	0.00%	0.00x	$1.76 Million
Agereh Technologies Inc (AUTO)	$-5.56 Million	0.00%	0.00x	$4.14 Million
Acceleware Ltd (AXE)	$1.09 Million	-101.21%	0.71x	$11.79 Million
BLUERUSH Media Group Corp (BTV)	$2.19 Million	-8.31%	1.01x	$356.37K
Boardwalktech Software Corp (BWLK)	$-3.36 Million	0.00%	0.00x	$2.80 Million
Computer Modelling Group Ltd. (CMG)	$4.89 Million	29.94%	0.90x	$231.91 Million
Constellation Software Inc. (CSU)	$259.83 Million	39.68%	4.52x	$37.43 Billion
NamSys Inc (CTZ)	$460.17K	237.20%	1.24x	$24.35 Million

About Descartes Systems Group Inc

TO:DSG Canada Software - Application

Market Cap

$6.19 Billion

CA$8.55 Billion CAD

Market Cap Rank

#3106 Global

#102 in Canada

Share Price

CA$99.45

Change (1 day)

+1.47%

52-Week Range

CA$86.02 - CA$161.60

All Time High

CA$175.34