CDW
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
17.1414.88
Price/Sales ratio
0.980.92
Earnings per Share (EPS)
$9.77$11.25

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
24.4917.7620.0720.6419.0228.1223.8328.6821.6627.7021.1519.02
Price/Sales ratio
0.490.550.600.710.751.141.011.361.011.431.120.75
Price/Book Value ratio
6.406.538.1510.9812.5421.5814.4840.1815.0514.989.9921.58
Price/Cash Flow ratio
13.7925.7914.1013.8813.5020.1714.2936.1418.0719.1315.9813.50
Price/Free Cash Flow ratio
15.7838.2015.7615.5014.9126.2016.2541.4219.9821.0917.4714.91
Price/Earnings Growth ratio
0.350.272.160.680.721.462.690.981.40-57.070.211.46
Dividend Yield
0.55%0.73%0.92%0.98%1.13%0.88%1.16%0.82%1.17%1.05%1.41%1.13%
Profitability Indicator Ratios
Gross Profit Margin
15.91%16.28%16.64%16.12%16.66%16.85%17.38%17.13%19.73%21.76%22.27%16.66%
Operating Profit Margin
5.57%5.71%5.85%5.70%6.07%4.66%3.96%6.81%7.30%7.86%8.06%6.07%
Pretax Profit Margin
3.21%4.98%4.80%4.34%5.17%5.26%5.42%6.23%6.26%6.78%7.03%5.17%
Net Profit Margin
2.02%3.10%3.03%3.44%3.95%4.08%4.26%4.74%4.69%5.16%5.32%3.95%
Effective Tax Rate
36.83%37.69%36.88%20.79%23.49%22.41%21.33%23.82%25.09%23.85%24.23%23.49%
Return on Assets
4.01%5.96%6.10%7.51%8.97%9.21%8.43%7.48%8.48%8.31%7.71%9.21%
Return On Equity
26.15%36.78%40.59%53.20%65.93%76.72%60.78%140.08%69.51%54.06%50.98%76.72%
Return on Capital Employed
14.52%15.24%17.55%19.49%22.62%18.67%13.43%17.51%21.20%21.43%18.83%18.83%
Liquidity Ratios
Current Ratio
1.671.471.411.341.351.241.52N/AN/AN/A1.401.35
Quick Ratio
1.441.271.221.161.191.061.331.081.161.101.271.19
Cash ratio
0.230.010.110.050.070.040.360.050.060.100.170.07
Days of Sales Outstanding
51.8962.2662.7464.2067.1468.7670.9978.8772.2877.9994.8667.14
Days of Inventory outstanding
12.1313.1914.1512.8712.2514.8718.1819.6215.3214.5815.3812.25
Operating Cycle
64.0275.4676.8977.0879.3983.6489.1798.5087.6092.57110.2479.39
Days of Payables Outstanding
25.3029.0833.6037.7442.5344.6749.9665.8854.0262.8771.6842.53
Cash Conversion Cycle
38.7146.3743.2939.3336.8638.9739.2132.6133.5829.6938.5636.86
Debt Ratios
Debt Ratio
0.510.480.460.460.440.470.470.550.450.420.410.47
Debt Equity Ratio
3.382.973.093.293.293.933.4510.393.692.762.563.93
Long-term Debt to Capitalization
0.770.740.750.760.760.770.740.900.780.710.700.77
Total Debt to Capitalization
0.770.740.750.760.760.790.770.910.780.730.710.79
Interest Coverage Ratio
3.414.655.595.756.647.117.61N/AN/AN/A7.946.64
Cash Flow to Debt Ratio
0.130.080.180.240.280.270.290.100.220.280.240.27
Company Equity Multiplier
6.516.166.647.077.348.337.2018.708.196.506.118.33
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.030.020.040.050.050.050.070.030.050.070.070.05
Free Cash Flow / Operating Cash Flow Ratio
0.870.670.890.890.900.760.870.870.900.900.910.90
Cash Flow Coverage Ratio
0.130.080.180.240.280.270.290.100.220.280.240.27
Short Term Coverage Ratio
28.2410.2032.6430.4935.802.072.111.3423.722.603.463.46
Dividend Payout Ratio
13.71%13.12%18.54%20.43%21.67%24.89%27.85%23.75%25.35%29.11%29.92%21.67%