DESCARTES SYSTEMS GROUP INC (THE) is a NASDAQ listed security that has been trading in a range between $3.45 and $4.68 over the past year. With 52,340,300 shares outstanding, a recent price of $4.42 gives a total market capitalization of $229,773,910. While there are certainly larger companies, DESCARTES SYSTEMS GROUP INC (THE) has definitely earned its place in the pack. Last year, DESCARTES SYSTEMS GROUP INC (THE) created $0.08 in earnings for every share outstanding.
DESCARTES SYSTEMS GROUP INC (THE) is currently priced by the market at 54.30 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, DESCARTES SYSTEMS GROUP INC (THE) could be an interesting value proposition. Consistent earnings are the key to high valuations and this security is well on its way.
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