Broadridge Financial Solutions Inc (BR) is undervalued and CDW Corp (CDW) is undervalued.
Against our estimates of intrinsic value, BR trades at the wider discount: a margin of safety of +67%, against +31% for CDW.
Values as of the 22 Sept 2026 close.
A 8.0x revenue multiple, adjusted for growth and margin, values the shares at $499.58; the price of $163.02 is 67% below that value.
Leak Score 95/100 on 10 of 12 signals
Discounting its cash flows at 9.4% (average of 3 methods) values the shares at $214.88; the price of $147.43 is 31% below that value, and 75% of that value comes from beyond year five.
Leak Score 80/100 on 10 of 12 signals
| Metric | BR | CDW |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $163.02 | $147.43 |
| Intrinsic value | $499.58 | $214.88 |
| Margin of safety | +67% | +31% |
| Leak Score | 95/100 (10/12) | 80/100 (10/12) |
| Market cap | $18.6B | $18.4B |
| Revenue growth, 5 years | 7.8% | 4.0% |
| Operating margin | 17.6% | 7.2% |
| Net margin | 15.0% | 4.6% |
| Return on equity | 40.9% | 44.0% |
| Debt to equity | 1.24 | 2.63 |
| P/E | 16.9x | 17.7x |
| Forward P/E | 14.1x | 12.3x |
| P/B | 6.5x | 7.6x |
| Dividend yield | 2.6% | 1.7% |