CDW Corp (CDW) is undervalued and we do not publish a verdict for Fiserv Inc (FISV).
We publish an intrinsic value for CDW but not for FISV, so the two cannot be ranked on price.
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
A revenue multiple, adjusted for growth and margin, would put the shares at $294.60: 6 times the price of $46.10. A gap that size says more about a model than about the market. It usually means heavy debt, where a small error in the value of the business becomes a large one in the value of the shares, or a business our method does not describe. We do not publish a verdict on this one.
Leak Score 68/100 on 10 of 12 signals
| Metric | CDW | FISV |
|---|---|---|
| Verdict | Undervalued | No reliable verdict |
| Price | $147.43 | $46.10 |
| Intrinsic value | $214.88 | — |
| Margin of safety | +31% | — |
| Leak Score | 80/100 (10/12) | 68/100 (10/12) |
| Market cap | $18.4B | $24.5B |
| Revenue growth, 5 years | 4.0% | 7.4% |
| Operating margin | 7.2% | 21.6% |
| Net margin | 4.6% | 13.4% |
| Return on equity | 44.0% | 10.8% |
| Debt to equity | 2.63 | 1.04 |
| P/E | 17.7x | 8.8x |
| Forward P/E | 12.3x | 5.8x |
| P/B | 7.6x | 0.9x |
| Dividend yield | 1.7% | — |