CDW · Intrinsic value
Is CDW Corporation (CDW) overvalued or undervalued?
CDW Corporation (CDW) trades at the delayed market price of $153.90 a share. That price already implies revenue growth of 4.9% a year for 5 years. TickerWorth's fair value is $209.80 a share (priced within our range of $149.25 – $287.66). We do not call it over- or undervalued from inside our range.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 20, 2026 · How these pages are made
Is CDW fairly valued?
- Fair value
- $209.80
- Market price
- $153.90
- Upside to fair value
- +36.3%
- Verdict
- Priced within our range of $149.25 – $287.66
Reverse DCF: Today's price implies revenue growth of 4.9% a year for 5 years; our model assumes 5.7% a year on average over the same horizon.
What is CDW's TickerWorth Score?
Middle of the pack — real strengths and real weaknesses
Compared with Technology companies in US
Its strongest point: looks cheap on the numbers. Its weakest: balance sheet looks stretched.
- Value · 69 of 100
Cheaper than 69% of Technology companies in US
- Price vs worth · 80 of 100
- Quality · 40 of 100
More profitable than 40% of Technology companies in US
- Financial health · 14 of 100
Financially stronger than 14% of Technology companies in US
- Growth · 26 of 100
Growing faster than 26% of Technology companies in US
- Momentum · 76 of 100
Outperformed 76% of Technology companies in US over the past year
Confidence: High confidence · Scored
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CDW DCF valuation, input by input
TickerWorth's fair value for CDW Corporation (CDW) is $209.80 a share, against the delayed market price of $153.90 (priced within our range of $149.25 – $287.66). We do not call it over- or undervalued from inside our range. It is a model estimate, and every input behind it is sourced below. This is an educational model, not a price target or a recommendation.
Read the full reasoning
One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values CDW at about $149.25 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.
The valuation discounts CDW Corporation's projected free cash flows at a weighted-average cost of capital (WACC) of 8.6%, with a long-run terminal growth rate of 2.5%. About 76% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 4.9% annual revenue growth for CDW. Our base case instead compounds to about 5.7% a year over the same forecast, so the market's implied growth is broadly in line with our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, CDW's modeled DCF value ranges from about $98.81 to $268.80 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what CDW Corporation would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of CDW's intrinsic value. Figures update as new filings and prices come in.
Every input behind CDW's DCF
| Input | Value |
|---|---|
| Base-year revenueCDW CORP FY2025 10-K (accession 0001402057-26-000011): us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, FY2025 full year. | $22,424,100,000 |
| Base EBIT marginCDW CORP FY2025 10-K (accession 0001402057-26-000011): us-gaap:OperatingIncomeLoss 1,655,600,000 / revenue 22,424,100,000 = 7.38%, FY2025. | 7.4% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 7% → 7% → 6% → 5% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.2% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 0.94 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesCDW CORP FY2025 10-K (accession 0001402057-26-000011): WeightedAverageNumberOfDilutedSharesOutstanding = 132,100,000 shares, FY2025. | 132M |
| Market priceDelayed quote · as of 2026-10-20 14:45 UTC | $153.90 |
Change CDW's assumptions
The discount-rate dial and the editable model
ProChange growth, margin and WACC yourself — Pro (7-day free trial, card required).
What does CDW Corporation do?
What does it do?
CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Commercial, Government, and Education. It operates in the Information Technology Services industry (Technology sector), headquartered in United States. The company employs roughly 14,800 people.
How does it make money?
The business turns $22.4B in annual revenue into profit. Out of every $100 of sales, about $7 is left as operating profit (operating margin of 7.3%), after a 21% gross margin on the products/services it sells. After all costs, taxes and interest, 4.6% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks stretched: carries heavy debt (2.6× equity), can just cover its short-term bills (1.2× current ratio), and is currently profitable.
Who at CDW filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| Balaji Saranga | Director | Grant / award | — | Form 4 for Balaji Saranga (opens sec.gov in a new tab) | |
| NELMS DAVID W | Director | Grant / award | — | Form 4 for NELMS DAVID W (opens sec.gov in a new tab) | |
| Swedish Joseph | Director | Grant / award | — | Form 4 for Swedish Joseph (opens sec.gov in a new tab) | |
| Sanderson Katherine Elizabeth | See Remarks | Shares withheld (tax) | $35,638.47 | Form 4 for Sanderson Katherine Elizabeth (opens sec.gov in a new tab) | |
| Jones Marc Ellis | Director | Grant / award | $2,842.02 | Form 4 for Jones Marc Ellis (opens sec.gov in a new tab) | |
| NELMS DAVID W | Director | Grant / award | $21,046.33 | Form 4 for NELMS DAVID W (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Common questions
What is CDW's intrinsic value?
TickerWorth's blended fair value for CDW Corporation (CDW) is $209.80 per share, versus a market price of $153.90 (priced within our range of $149.25 – $287.66).
Is CDW overvalued or undervalued?
Priced within our range of $149.25 – $287.66 at $153.90. We don't call CDW overvalued or undervalued from a range. This is an educational estimate, not advice.
What discount rate is used for CDW?
A WACC of 8.6% and a terminal growth rate of 2.5%.
Is CDW stock undervalued?
TickerWorth's fair value for CDW Corporation (CDW) is $209.80 against a market price of $153.90. Our read: Priced within our range of $149.25 – $287.66. This is a model estimate, not investment advice.
CDW (CDW) DCF valuation and fair value
Our fair value for CDW Corporation (CDW) is $209.80, built on a 8.6% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into CDW stock?
Today's price implies revenue growth of 4.9% a year for 5 years; our model assumes 5.7% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $153.90. A model estimate, not investment advice.
CDW (CDW) insider trading
The most recent insider filing (SEC Form 4) for CDW Corporation (CDW): Balaji Saranga, Director, grant / award on 2026-10-15. The latest filings are listed on this page. A disclosure, not a signal to trade.
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.