Cognizant Technology Solutions Corp (CTSH) is undervalued and Fidelity National Information Services Inc (FIS) is undervalued.
Against our estimates of intrinsic value, FIS trades at the wider discount: a margin of safety of +71%, against +44% for CTSH.
Values as of the 22 Sept 2026 close.
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
Discounting its cash flows at 7.4% (average of 3 methods) values the shares at $121.43; the price of $34.96 is 71% below that value, and 81% of that value comes from beyond year five.
Leak Score 58/100 on 8 of 12 signals
| Metric | CTSH | FIS |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $58.68 | $34.96 |
| Intrinsic value | $105.26 | $121.43 |
| Margin of safety | +44% | +71% |
| Leak Score | 92/100 (10/12) | 58/100 (8/12) |
| Market cap | $26.4B | $18.0B |
| Revenue growth, 5 years | 4.9% | -3.2% |
| Operating margin | 16.1% | 23.0% |
| Net margin | 10.3% | 27.6% |
| Return on equity | 14.9% | 22.3% |
| Debt to equity | 0.14 | 1.33 |
| P/E | 12.6x | 5.4x |
| Forward P/E | 9.3x | 5.2x |
| P/B | 1.8x | 1.1x |
| Dividend yield | 2.2% | 5.2% |