Cognex Corp (CGNX) is overvalued and Trimble Inc (TRMB) is overvalued.
Both trade above our estimate of their intrinsic value. TRMB is the closer of the two: -75%, against -219% for CGNX.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 11.6% (average of 3 methods) values the shares at $18.46; the price of $58.97 is 219% above that value, and 67% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
Discounting its cash flows at 10.6% (average of 2 methods) values the shares at $33.92; the price of $59.30 is 75% above that value, and 70% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | CGNX | TRMB |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $58.97 | $59.30 |
| Intrinsic value | $18.46 | $33.92 |
| Margin of safety | -219% | -75% |
| Leak Score | 27/100 (3/12) | 0/100 (2/12) |
| Market cap | $9.9B | $13.8B |
| Revenue growth, 5 years | 4.2% | 2.6% |
| Operating margin | 21.9% | 18.7% |
| Net margin | 16.1% | -2.8% |
| Return on equity | 11.2% | -1.9% |
| Debt to equity | 0.04 | 0.29 |
| P/E | 57.1x | — |
| Forward P/E | 29.4x | 14.4x |
| P/B | 6.1x | 2.7x |
| Dividend yield | 0.6% | — |