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 Strong
Trading 60.9% above fair value
Current Price $78.97
Bear Case $39.27 50.3% downside ($39.27 - $78.97) / $78.97 = -50.3% $3.27 × 12x P/E
Fair Value $49.09 37.8% downside ($49.09 - $78.97) / $78.97 = -37.8% $3.27 × 15x P/E
Bull Case $58.91 25.4% downside ($58.91 - $78.97) / $78.97 = -25.4% $3.27 × 18x P/E

Adjust Assumptions

15.0x
3.27$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 24.1x

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