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Ken GriffinReduced
Citadel Advisors · Q2 2026
$13.36M
192.97K shares · 0.0% of portfolio
Descartes Systems Group Inc
Descartes Systems Group Inc (DSGX) is listed on NASDAQ and classified in Software - Application, part of the Technology sector. It is headquartered in Waterloo, Canada and has 2,364 employees. The company is worth $8.04B and trades at 43.7x its earnings of the last twelve months; the median for its sector is 28.0x. Revenue was $728.99M in fiscal 2026, up 12.0% from the year before. Net income was $163.77M. The share price is 3.8% below its 52-week high of $97.71. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $45.41M. In that quarter, 5 of them reduced the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +8.3% over 5Y.
today you would have $1,064.57▲ +6.5%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 16 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2026 | 2025 | 2024 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $87.05 | $87.66 | $113.60 | $69.65 | $82.68 | $58.48 | $42.72 | $26.46 | $28.40 | $21.40 | $20.08 | $14.82 | $13.39 | $9.30 | $7.16 | $7.04 | |
| P/E | 77.4x | 46.6x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 0.0% dividend yield. Growth capped at 25%.
Median P/E of 28.0 among peers in the sector.
Median P/E of 77.4 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 14.3x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| VSATViasat Inc | $59.00 | — | 1.8x | 0.00% | 0.19% | $8.13B |
| DBXDropbox Inc | $37.48 | 20.3x | — | 0.00% | — | $8.15B |
| TTANServiceTitan, Inc. | $85.20 | — | 5.1x | 0.00% | -8.34% | $8.22B |
| SSentinelOne, Inc. | $22.50 | — |
| 53.5x |
| 84.8x |
| 69.7x |
| 135.5x |
| 130.0x |
| 106.8x |
| 75.6x |
| 91.6x |
| 79.3x |
| 95.6x |
| 98.8x |
| 53.6x |
| 48.9x |
| 39.8x |
| 28.2x |
| P/S | 9.6x | 10.3x | 11.5x | 16.9x | 13.9x | 20.0x | 15.1x | 11.9x | 8.6x | 10.6x | 8.8x | 8.9x | 6.2x | 6.6x | 5.1x | 4.5x | 5.9x |
| P/B | 4.3x | 4.6x | 5.4x | 7.8x | 5.9x | 7.7x | 6.0x | 6.2x | 4.1x | 5.0x | 4.0x | 3.9x | 3.8x | 3.5x | 2.6x | 2.2x | 2.3x |
| EPS | $1.87 | $1.64 | $1.34 | $1.00 | $0.61 | $0.45 | $0.40 | $0.35 | $0.31 | $0.27 | $0.21 | $0.15 | $0.25 | $0.19 | $0.18 | $0.25 |
| Profit margin | 11.67% | 22.46% | 22.01% | 20.23% | 20.32% | 14.94% | 11.36% | 11.37% | 11.32% | 11.70% | 11.12% | 8.81% | 6.35% | 12.61% | 10.55% | 11.63% | 19.45% |
| ROE | 5.67% | 10.12% | 10.34% | 9.36% | 8.63% | 5.72% | 4.50% | 5.86% | 5.39% | 5.54% | 5.11% | 3.86% | 3.84% | 6.71% | 5.47% | 5.61% | 7.64% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-20.0% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 5.4x |
| 0.00% |
| -23.01% |
| $7.83B |
| SANMSanmina Corp | $154.47 | 30.8x | 3.2x | 0.00% | 12.49% | $8.28B |
| VICRVicor Corp | $179.99 | 55.6x | 9.2x | 0.00% | 23.47% | $8.3B |