The Descartes Systems Group (MEX:DSG N) Scaled Net Operating Assets: 0.67 (As of Apr. 2026)


MEX:DSG N The Descartes Systems Group Inc MEX:DSG N
85 GF Score
Price MXN1,264.95
GF Value MXN2,129.50
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What is The Descartes Systems Group Scaled Net Operating Assets?

The Descartes Systems Group MEX:DSG N 85 Scaled Net Operating Assets is 0.67 as of Apr. 2026. GuruFocus rates MEX:DSG N with a GF Score™ of 85/100 and a GF Value™ of MXN2,129.50.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

The Descartes Systems Group's operating assets for the quarter that ended in Apr. 2026 was MXN27,038 Mil. The Descartes Systems Group's operating liabilities for the quarter that ended in Apr. 2026 was MXN4,953 Mil. The Descartes Systems Group's Total Assets for the quarter that ended in Jan. 2026 was MXN32,888 Mil. Therefore, The Descartes Systems Group's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.67.


The Descartes Systems Group Scaled Net Operating Assets Historical Data

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The historical data trend for The Descartes Systems Group's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The Descartes Systems Group Scaled Net Operating Assets Chart

The Descartes Systems Group Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 0.64 0.64 0.94 0.65

The Descartes Systems Group Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.74 0.71 0.72 0.65 0.67

MEX:DSG N vs CRM, SHOP, UBER: Scaled Net Operating Assets Comparison

For the Software - Application subindustry, The Descartes Systems Group's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The Descartes Systems Group Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, The Descartes Systems Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where The Descartes Systems Group's Scaled Net Operating Assets falls into.


MEX:DSG N
85GF Score
The Descartes Systems Group Inc MEX:DSG N
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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The Descartes Systems Group Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

The Descartes Systems Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2026 )
=(Operating Assets (A: Jan. 2026 )-Operating Liabilities (A: Jan. 2026 ))/Total Assets (A: Jan. 2025 )
=(26702.984-4656.379)/33983.885
=0.65

where

Operating Assets(A: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=32888.461 - 6185.477
=26702.984

Operating Liabilities(A: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4801.471 - 84.873 - 60.219
=4656.379

The Descartes Systems Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Jan. 2026 )
=(27038.308-4952.66)/32888.461
=0.67

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=33641.492 - 6603.184
=27038.308

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5095.013 - 82.08 - 60.273
=4952.66

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.67 mean?
The Descartes Systems Group (MEX:DSG N) has a Scaled Net Operating Assets of 0.67 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on The Descartes Systems Group and its competitors.
Is The Descartes Systems Group's Scaled Net Operating Assets too high?
The Descartes Systems Group's current Scaled Net Operating Assets is 0.67. Overall, The Descartes Systems Group has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does The Descartes Systems Group's Scaled Net Operating Assets compare to CRM and SHOP?
The Descartes Systems Group's Scaled Net Operating Assets of 0.67 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Software company?
A good Scaled Net Operating Assets depends on the Software industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on The Descartes Systems Group and its competitors. The Descartes Systems Group's current Scaled Net Operating Assets is 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Descartes Systems Group stock overvalued right now?
The Descartes Systems Group (MEX:DSG N) has a current Scaled Net Operating Assets of 0.67. The stock's GF Value™ is MXN2,129.50, compared to a current price of MXN1,264.95 — trading 40.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.67. The Descartes Systems Group's overall GF Score™ is 85/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For The Descartes Systems Group (MEX:DSG N), the current Scaled Net Operating Assets is 0.67 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is The Descartes Systems Group (MEX:DSG N) Overvalued in 2026?

Based on GuruFocus' analysis, The Descartes Systems Group stock appears to be undervalued. The current stock price of MXN1,264.95 is trading 40.6% below its estimated GF Value™ of MXN2,129.50.

Key valuation signals for MEX:DSG N:

  • Scaled Net Operating Assets: 0.67
  • GF Value™: MXN2,129.50 vs. price of MXN1,264.95 (40.6% below fair value)
  • GF Score™: 85/100

No single metric tells the full story. See the MEX:DSG N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Descartes Systems Group Business Description

Address 120 Randall Drive, Waterloo, ON, CAN, N2V 1C6
Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. Its core product is the Global Logistics Network, which is best understood as transaction-driven. Descartes charges clients to send/receive messages, data, and documents on the GLN. Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.
85GF Score

Get the complete analysis for MEX:DSG N

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,264.95
Price
MXN2,129.50
GF Value