CDW Corp (CDW) is undervalued and Infosys Ltd ADR (INFY) is undervalued.
Against our estimates of intrinsic value, INFY trades at the wider discount: a margin of safety of +76%, 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
A 8.8x revenue multiple, adjusted for growth and margin, values the shares at $44.68; the price of $10.76 is 76% below that value.
Leak Score 100/100 on 3 of 12 signals
| Metric | CDW | INFY |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $147.43 | $10.76 |
| Intrinsic value | $214.88 | $44.68 |
| Margin of safety | +31% | +76% |
| Leak Score | 80/100 (10/12) | 100/100 (3/12) |
| Market cap | $18.4B | $43.7B |
| Revenue growth, 5 years | 4.0% | 8.4% |
| Operating margin | 7.2% | 20.7% |
| Net margin | 4.6% | 16.4% |
| Return on equity | 44.0% | 32.3% |
| Debt to equity | 2.63 | 0.10 |
| P/E | 17.7x | 13.2x |
| Forward P/E | 12.3x | 12.9x |
| P/B | 7.6x | 4.5x |
| Dividend yield | 1.7% | 5.8% |