PC Connection, Inc. logo CNXN - PC Connection, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
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AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 65% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Moderate
Trading 35.3% above fair value
Current Price $66.44
Bear Case $39.27 40.9% downside ($39.27 - $66.44) / $66.44 = -40.9% $3.27 × 12x P/E
Fair Value $49.09 26.1% downside ($49.09 - $66.44) / $66.44 = -26.1% $3.27 × 15x P/E
Bull Case $58.91 11.3% downside ($58.91 - $66.44) / $66.44 = -11.3% $3.27 × 18x P/E

Adjust Assumptions

15.0x
3.27$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 20.3x

Plain-Language Summary

Applying a 15x P/E to adjusted EPS of $3.27, the base-case value is $49.09 per share.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples