Cognizant Technology Solutions Corporation (CTSH)

NASDAQ: CTSH · USD

$66.3

+0.11 (+0.2%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-05

Our latest published analysis: CTSH rated Strong Buy

Cognizant Technology Solutions Corporation's published Strong Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$94.4 / share

Potential value

$117 / share

Upside to FV

+62.2%

from $66.3

Moat

6.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$27.5B
Revenue (ttm)	21.6B
Net income (ttm)	2.2B
EPS (ttm)	$4.64
Shares out	450.4M
P/E (trailing)	14.3x
P/E (forward)	9.4x
Dividend	$1.32 (2.00%)
Volume	5,107,961
Beta	0.85

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 21.6B
Net income (ttm): 2.2B
EPS (ttm): $4.64
P/E (trailing): 14.3x
P/E (forward): 9.4x
Market cap: $27.5B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$18.51B	$19.43B	$19.35B	$19.74B	$21.11B	+3.3%
Gross profit	$6.90B	$6.98B	$6.69B	$6.78B	$7.12B	+0.8%
Operating income	$2.83B	$2.97B	$2.69B	$2.89B	$3.39B	+4.6%
Net income	$2.14B	$2.29B	$2.13B	$2.24B	$2.23B	+1.1%
EPS (diluted)	$4.05	$4.41	$4.21	$4.51	$4.56	+3.0%
EBITDA	$3.41B	$3.60B	$3.38B	$3.53B	$4.17B	+5.2%
R&D	—	—	—	—	—	—
SG&A	$3.50B	$3.44B	$3.25B	$3.22B	$3.24B	-1.9%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	매도
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	매도
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	적극 매수
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	보유
ADI	Analog Devices, Inc.	207.6B	50.9x	14.8x	11.0%	+16.4%	+76.9%	매도
AI	C3.ai, Inc.	2B	—	8.4x	-35.6%	+3.6%	-33.6%	매도

Base and Bull scenarios

Base60%

Price target

$94.37

+62.2% from spot

The base case represents the modal expected trajectory, reflecting steady execution across multi-year enterprise contracts, mid-single-digit top-line growth, and modest margin expansion driven by delivery automation. Regulated domain stability in Health Sciences and Financial Services sustains double-digit operating margins and robust cash generation, while ongoing share repurchases support diluted earnings compounding. This path establishes Fair value at $94.37 with an assigned probability of 60.0%, representing 62.2% upside from $58.17.

Organic revenue expands at steady mid-single-digit rates anchored by enterprise contract renewals
Operating margins normalize gradually toward modeled target levels via delivery efficiencies
Free cash flow conversion continues to comfortably exceed net income
Annual share repurchases maintain steady share count reduction

Bull20%

Price target

$116.80

+100.8% from spot

In the bull case, enterprise digital transformation spending re-accelerates as large corporate clients aggressively deploy generative AI workflows and modern cloud architecture. Health Sciences and Financial Services expand above historical mid-single-digit rates, and European market share gains accelerate across the United Kingdom and Continental Europe. Operational leverage and delivery automation expand operating margins, while disciplined free cash flow conversion accelerates share count retirement. This trajectory targets $116.80 with an assigned probability of 20.0%, offering an implied return of 100.8% from $58.17.

Enterprise digital modernization demand accelerates with double-digit growth in specialized vertical solutions
Operating margins expand through delivery automation and favorable billing rates
Accelerated share repurchases reduce diluted shares outstanding each year
European geographic expansion outpaces domestic market growth

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($94.37). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
8.0%	$103	$105	$109	$112	$116
8.5%	$96.0	$98.3	$101	$104	$107
9.0%	$90.2	$92.2	$94.4	$96.7	$99.2
9.5%	$85.3	$87.0	$88.8	$90.7	$92.8
10.0%	$80.9	$82.4	$83.9	$85.5	$87.3

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E9.4

P25 n/aP50 n/aP75 n/a

Trailing P/E12.6

P25 n/aP50 n/aP75 n/a

ROE14.9

P25 n/aP50 n/aP75 n/a

ROIC14.8

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All CTSH indicators

Market & fundamental data

Available fields

290

Groups with data

Currency

USD

Showing 290 of 290 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001058290
Company name	Cognizant Technology Solutions Corporation
Country	United States
Country code	US
CUSIP number	192446102
Earnings date	2026-10-29
Earnings time	bmo
Employees	356,700
Employees change	12,900
Employees growth	3.75%
Enterprise value	$30.9B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1994
In index	SP500
Industry	Information Technology Services
IPO date	1998-06-19
Is primary listing	Yes
Is SPAC	No
ISIN number	US1924461023
Last 10-K release date	2026-02-12
Last earnings date	2026-07-29
Last refreshed	2026-10-28
Last stock split date	2014-03-10
Last stock split type	Forward
Market cap	$29.9B
Market cap category	Large-Cap
Next earnings date	2026-10-29
Options	Yes
Price	$66.33
Price currency	USD
Sector	Technology
SIC code	7371
Stock price date	2026-10-28
Symbol	CTSH
U.S. state	New Jersey
Website	https://www.cognizant.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	12.04x
Average P/E ratio (10Y)	19.46x
Average P/E ratio (3Y)	15.64x
Average P/E ratio (5Y)	16.07x
Earnings yield	7%
EV/Earnings	13.86x
EV/EBIT	8.74x
EV/EBITDA	7.62x
EV/FCF	11.84x
EV/Sales	1.42x
FCF / EV yield	8.44%
FCF yield	8.74%
Forward EV/Sales	1.35x
Forward P/E	10.9x
Forward P/S	1.31x
Graham number	57.81062
Graham upside	-12.41%
Industry forward P/E	15.27x
Industry P/E	21.4x
Lynch fair value	$26.55
Lynch upside	-59.77%
P/(FCF - SBC) ratio	12.35x
P/(OCF - SBC) ratio	10.9x
P/B ratio	2.07x
P/E ratio	14.29x
P/FCF ratio	11.44x
P/OCF ratio	10.19x
P/S ratio	1.37x
PEG ratio	1.42x
Price / tangible book value	6.32x
Price/EBITDA ratio	7.37x
Sector forward P/E	18.38x
Sector P/E	32.76x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	16.26%
EBITDA margin	18.65%
Effective tax rate	36.7%
FCF margin	12%
Gross margin	33.44%
Operating margin	16.26%
Pretax margin	16.2%
Profit margin	10.26%
Profit per employee	$6,224
Profitable quarters	34
Profitable years	31
Revenue per employee	$60,673
ROA	10.73%
ROA (5Y)	10.13%
ROCE	20.28%
ROE	14.92%
ROE (5Y)	17.12%
ROIC	14.78%
ROIC (5Y)	18.59%
SBC / revenue	0.88%
Tax / revenue	5.95%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-5.81%
EPS growth (Q)	3.82%
EPS growth (QoQ)	-2.01%
EPS growth 10Y	6.47%
EPS growth 3Y	2.73%
EPS growth 5Y	8.11%
EPS growth quarters	3
EPS growth years	2
FCF growth	13.85%
FCF growth (Q)	38.67%
FCF growth (QoQ)	131.82%
FCF growth 3Y	6.28%
FCF growth 5Y	3.49%
Gross profit growth	3.36%
Gross profit growth (Q)	3.57%
Gross profit growth 3Y	1.86%
Gross profit growth 5Y	2.09%
Net income growth	-8.87%
Net income growth (Q)	-1.4%
Net income growth (QoQ)	-3.93%
Net income growth 3Y	0.41%
Net income growth 5Y	5.72%
Net income growth years	0
OCF growth	13.72%
OCF growth (Q)	40.2%
OCF growth (QoQ)	103.65%
OCF growth 10Y	4.13%
OCF growth 3Y	5.29%
OCF growth 5Y	2.77%
Operating income growth	10.73%
Operating income growth (Q)	17.26%
Operating income growth 3Y	6.11%
Operating income growth 5Y	6.65%
Revenue growth	5.64%
Revenue growth (Q)	4.5%
Revenue growth (QoQ)	1.26%
Revenue growth 10Y	5.24%
Revenue growth 3Y	3.72%
Revenue growth 5Y	4.44%
Revenue growth quarters	8
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-319M
Depreciation and amortization	$516M
EBIT	$3.5B
EBITDA	$4B
EPS	$4.64
FCF per share	$5.77
Financing cash flow	$-2B
Free cash flow	$2.6B
Free cash flow minus SBC	$2.4B
Gross profit	$7.2B
Income taxes	$1.3B
Investing cash flow	$-1.7B
Net borrowing	$956M
Net cash flow	$-758M
Net income	$2.2B
Operating cash flow minus SBC	$2.7B
Operating income	$3.5B
Revenue	$21.6B
Stock-based compensation	$190M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	5.91
Book value per share	$32.00
Debt / EBITDA	0.49
Debt / equity	0.14
Debt / FCF	0.81
Goodwill	$8.1B
Interest coverage	97.78
Long-term assets	$13.3B
Long-term liabilities	$2.9B
Net cash (debt)	$-1B
Net cash / market cap	-3.51%
Net debt / EBITDA	0.26
Net debt / equity	0.07
Net debt / FCF	0.4
Piotroski F-Score	4
Property, plant and equipment	$1.5B
Shareholders' equity	$14.5B
Tangible book value	$4.7B
Tangible book value per share	$10.41
Total assets	$20.8B
Total cash	$1.1B
Total debt	$2.1B
Total liabilities	$6.4B
WACC	8.41%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	1.06
Current assets	$7.6B
Current liabilities	$3.5B
Current ratio	2.18
Net working capital	$3.2B
Quick ratio	1.68
Working capital	$4.1B
Working capital turnover	5.07

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	3.24%
Dividend growth	5.69%
Dividend growth (3Y)	4.48%
Dividend growth (5Y)	6.7%
Dividend growth years	6
Dividend payment date	2026-08-25
Dividend payment years	10
Dividend payout frequency	Quarterly
Dividend per share	$1.32
Dividend yield	2%
Ex-dividend date	2026-08-18
FCF payout ratio	22.89%
Last dividend	$0.33
Payout ratio	28.43%
Shareholder yield	5.24%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	28.42%
10Y return CAGR	3.96%
10Y total return	47.48%
150-day SMA	$55.33
15Y price change	72.08%
15Y return CAGR	4.65%
15Y total return	97.61%
1D price change	0.17%
1M price change	14.91%
1M total return	14.91%
1W price change	-3.37%
1W total return	-3.37%
1Y price change	-3.19%
1Y return CAGR	-1%
1Y total return	-1%
20-day SMA	$63.83
200-day SMA	$59.17
20Y price change	237.97%
20Y return CAGR	7.02%
20Y total return	288.13%
3M price change	40.02%
3M total return	40.84%
3Y price change	4.08%
3Y return CAGR	3.19%
3Y total return	9.87%
50-day SMA	$62.08
50-day SMA vs 200-day SMA	50over200
52-week high	$87.03
52-week high date	2026-01-14
52-week low	$37.08
52-week low date	2026-06-30
5Y price change	-15.22%
5Y return CAGR	-1.58%
5Y total return	-7.64%
6M price change	20.59%
6M total return	22.16%
All-time high	$93.47
All-time high date	2022-03-22
All-time low	$0.15
All-time low date	1998-10-08
Average true range (ATR)	$2.68
Average volume	6.6M
Beta (1Y)	0.59
Beta (2Y)	0.88
Beta (5Y)	0.85
Change from 52-week high	-23.78%
Change from 52-week low	78.88%
Change from all-time high	-29.52%
Change from all-time low	45,085.19%
Change from open	0.53%
Day's gap	-0.36%
Dollar volume	$338.8M
High price	$67.42
Low price	$65.74
Monthly RSI	49.6
Open price	$65.98
Position in 52-week range	35.12%
Premarket change	-0.47%
Premarket close	$66.22
Premarket price	$65.91
Premarket volume	1.2K
Previous close	$66.22
Price vs 150-day SMA	19.06%
Price vs 20-day SMA	3.21%
Price vs 200-day SMA	11.34%
Price vs 50-day SMA	6.12%
Relative volume	0.77
RSI	54.55
Sharpe ratio	0.1
Sharpe ratio (3Y)	0.1
Sharpe ratio (5Y)	-0.04
Sortino ratio	0.28
Sortino ratio (3Y)	0.33
Sortino ratio (5Y)	0.12
Volume	5.1M
Weekly RSI	56.71
YTD price change	-20.63%
YTD total return	-19.19%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	449.1M
Float percentage	99.71%
Shares change (QoQ)	-2.31%
Shares change (YoY)	-3.24%
Shares held by insiders	0.14%
Shares held by institutions	115.97%
Shares outstanding	450.4M
Short % of float	7.36%
Short % of shares	7.34%
Short ratio	5.2 days

Deeper analysis on CTSH

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this CTSH report

What is the latest published CTSH stock rating?

Cognizant Technology Solutions Corporation is shown with Strong Buy in the latest published report, analyzed 2026-10-05. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full CTSH analysis?

The full latest published report, analyzed 2026-10-05, lives at /stocks/CTSH/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for CTSH?

The latest published report analyzed 2026-10-05 gives CTSH a fair value of USD 94 and a potential value of USD 117. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the CTSH page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-05). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

Strong BuyCTSH · Fair value $94.4+62.2%

Read full analysis →

Cognizant Technology Solutions Corporation (CTSH)

Our latest published analysis: CTSH rated Strong Buy

Price

Financial snapshot

Fair-value bridge

Latest news · CTSH

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All CTSH indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on CTSH

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	8.5
Management	7.5
Balance Sheet	8.5
Profitability	5.5
Revenue Growth	4.5
Risk Assessment	8.0
Competitive Moat	6.5
Earnings Quality	7.5
Capital Efficiency	7.5