CDW Corp (CDW) is undervalued and Cognizant Technology Solutions Corp (CTSH) is undervalued.
Against our estimates of intrinsic value, CTSH trades at the wider discount: a margin of safety of +44%, against +31% for CDW.
Values as of the 22 Sept 2026 close.
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
Discounting its cash flows at 9.3% (average of 3 methods) values the shares at $105.26; the price of $58.68 is 44% below that value, and 75% of that value comes from beyond year five.
Leak Score 92/100 on 10 of 12 signals
| Metric | CDW | CTSH |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $147.43 | $58.68 |
| Intrinsic value | $214.88 | $105.26 |
| Margin of safety | +31% | +44% |
| Leak Score | 80/100 (10/12) | 92/100 (10/12) |
| Market cap | $18.4B | $26.4B |
| Revenue growth, 5 years | 4.0% | 4.9% |
| Operating margin | 7.2% | 16.1% |
| Net margin | 4.6% | 10.3% |
| Return on equity | 44.0% | 14.9% |
| Debt to equity | 2.63 | 0.14 |
| P/E | 17.7x | 12.6x |
| Forward P/E | 12.3x | 9.3x |
| P/B | 7.6x | 1.8x |
| Dividend yield | 1.7% | 2.2% |