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CDWMEX:CDW 57 Piotroski F-Score is 4 as of Aug. 27, 2026, which is 43% below its 10-year median of 7.00. GuruFocus rates MEX:CDW with a GF Score™ of 57/100 and a GF Value™ of MXN3,601.17 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,744 Software companies, CDW ranks worse than 60.17% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
CDW has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for CDW's Piotroski F-Score or its related term are showing as below:
MEX:CDW'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 9
Current: 4
During the past 13 years, the highest Piotroski F-Score of CDW was 9. The lowest was 4. And the median was 7.
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
CDW Piotroski F-Score Related Terms
CDW Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for CDW's Piotroski F-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:CDW vs BR, LDOS, FIS: Piotroski F-Score Comparison
For the Information Technology Services subindustry, CDW's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CDW Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, CDW's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where CDW's Piotroski F-Score falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
This Year (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 5338.162 + 5032.593 + 4244.898 + 4788.006 = MXN19,404 Mil. Cash Flow from Operations was 6022.401 + 7810.873 + 4955.386 + -961.44 = MXN17,827 Mil. Revenue was 105248.013 + 99229.413 + 102422.13 + 114678.318 = MXN421,578 Mil. Gross Profit was 23031.143 + 22586.35 + 21458.913 + 23029.19 = MXN90,106 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(287440.919 + 278787.814 + 288598.961 + 296699.226 + 301079.005) / 5 = MXN290521.185 Mil. Total Assets at the begining of this year (Jun25) was MXN287,441 Mil. Long-Term Debt & Capital Lease Obligation was MXN86,467 Mil. Total Current Assets was MXN168,915 Mil. Total Current Liabilities was MXN144,764 Mil.
Net Income was 6230.011 + 5510.076 + 4601.049 + 5106.479 = MXN21,448 Mil.
Revenue was 108623.509 + 108157.66 + 106364.228 + 112534.597 = MXN435,680 Mil. Gross Profit was 23642.143 + 24094.59 + 22960.238 + 23370.803 = MXN94,068 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(249862.389 + 283081.536 + 306128.307 + 307251.477 + 287440.919) / 5 = MXN286752.9256 Mil. Total Assets at the begining of last year (Jun24) was MXN249,862 Mil. Long-Term Debt & Capital Lease Obligation was MXN108,447 Mil. Total Current Assets was MXN147,555 Mil. Total Current Liabilities was MXN109,317 Mil.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
CDW's current Net Income (TTM) was 19,404.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
CDW's current ratio of this year was 1.16683139. CDW's current ratio of last year was 1.34979418.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
CDW's number of shares in issue this year was 127.4. CDW's number of shares in issue last year was 132.4.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
CDW's gross margin of this year was 0.21373417. CDW's gross margin of last year was 0.21591024.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
CDW's asset turnover of this year was 1.46665922. CDW's asset turnover of last year was 1.74367977.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
CDW has an F-score of 4 indicating the company's financial situation is typical for a stable company.
CDW (MEX:CDW) has a Piotroski F-Score of 4 as of Aug. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CDW and its competitors. This is 43% below median its historical median of 7.00. Over the past decade, CDW's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, CDW ranks #1651 out of 2744 companies in the Software industry, placing it in the top 60.2%.
Is CDW's Piotroski F-Score too high?
CDW's current Piotroski F-Score of 4 is 43% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Software industry median Piotroski F-Score is 5.00. CDW's value of 4 is 20% below this industry median. Based on the distribution chart, CDW ranks #1651 out of 2744 companies in the Software industry, which is below the industry midpoint. Overall, CDW has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CDW's Piotroski F-Score compare to BR and LDOS?
According to the Software industry distribution chart, CDW ranks #1651 out of 2744 companies for Piotroski F-Score. This places CDW in the lower half of its industry. The industry median Piotroski F-Score is 5.00. CDW's value of 4 is 20% below this benchmark. Historically, CDW's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, CDW has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,744 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CDW's current Piotroski F-Score of 4 is 20% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CDW and its competitors. For the Software industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CDW's current Piotroski F-Score is 4, which is 43% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CDW stock overvalued right now?
Based on GuruFocus' analysis, CDW (MEX:CDW) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN3,601.17, compared to a current price of MXN2,309.00 — trading 35.9% below its estimated fair value. The current Piotroski F-Score is 4, which is 43% below median its 10-year median of 7.00 and 20% below the Software industry median of 5.00. CDW's overall GF Score™ is 57/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For CDW (MEX:CDW), the current Piotroski F-Score is 4 as of Aug. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is CDW (MEX:CDW) Overvalued in 2026?
Based on GuruFocus' analysis, CDW stock appears to be undervalued.
The current stock price of MXN2,309.00 is trading 35.9% below its estimated GF Value™ of MXN3,601.17.
GuruFocus considers CDW to be Significantly Undervalued.
Key valuation signals for MEX:CDW:
Piotroski F-Score: 4 (43% below median its 10-year median of 7.00)
GF Value™: MXN3,601.17 vs. price of MXN2,309.00 (35.9% below fair value)
Industry Position: 20% below the Software median (#1651 of 2744)
No single metric tells the full story. See the MEX:CDW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CDW Corp is a multi-brand provider of information technology (IT) solutions to businesses, government, education, and healthcare customers in the United States, the United Kingdom, and Canada. The company's offerings range from hardware and software products to integrated IT solutions and services, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security. Its reportable segments are Corporate, Small Business, Public, and Other. The Corporate and Small Business segments serve US private sector business customers, while the Public segment consists of government agencies and education and healthcare institutions in the US. The Corporate segment generates the majority of its revenue in the United States.
57GF Score
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