PC Connection, Inc. (CNXN) Financial Ratios
29 years of historical data (1997–2025) · Technology · Technology Distributors
EV/EBITDA
↑
13.29
+14% vs avg
5yr avg: 11.63
30Y Low3.8·High22.6
P/FCF
↑
30.10
↑+28% vs avg
5yr avg: 23.54
30Y Low4.0·High163.0
P/B Ratio
↓
1.93
+7% vs avg
5yr avg: 1.80
30Y Low0.6·High8.8
ROE
↓
9.2%
-12% vs avg
5yr avg: 10.5%
30Y Low-1%·High40%
Debt/EBITDA
↓
0.01
↓-82% vs avg
5yr avg: 0.05
30Y Low0.0·High3.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CNXN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
PC Connection, Inc. trades at 21.2x earnings, 17% above its 5-year average of 18.0x, sitting at the 63rd percentile of its historical range. Compared to the Technology sector median P/E of 28.3x, the stock trades at a discount of 25%. On a free-cash-flow basis, the stock trades at 30.1x P/FCF, 28% above the 5-year average of 23.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.7B | $1.5B | $1.8B | $1.8B | $1.2B | $1.1B | $1.2B | $1.3B | $798M | $705M | $751M |
| Enterprise Value | $1.6B | $1.3B | $1.7B | $1.6B | $1.1B | $1.0B | $1.2B | $1.2B | $707M | $655M | $701M |
| P/E Ratio → | 21.19 | 17.66 | 21.05 | 21.34 | 13.92 | 16.28 | 22.31 | 16.02 | 12.34 | 12.85 | 15.61 |
| P/S Ratio | 0.61 | 0.51 | 0.66 | 0.62 | 0.40 | 0.39 | 0.48 | 0.47 | 0.30 | 0.24 | 0.28 |
| P/B Ratio | 1.93 | 1.61 | 2.02 | 2.11 | 1.62 | 1.67 | 1.96 | 2.20 | 1.52 | 1.46 | 1.73 |
| P/FCF | 30.10 | 25.20 | 11.04 | 9.43 | 48.05 | 23.96 | 49.69 | 120.24 | 12.17 | 93.76 | 34.59 |
| P/OCF | 26.70 | 22.36 | 10.56 | 8.97 | 35.55 | 19.69 | 34.50 | 35.96 | 9.19 | 36.48 | 22.35 |
P/E links to full P/E history page with 30-year chart
CNXN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
PC Connection, Inc.'s enterprise value stands at 13.3x EBITDA, 14% above its 5-year average of 11.6x. The Technology sector median is 16.6x, placing the stock at a 20% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.44 | 0.59 | 0.57 | 0.36 | 0.36 | 0.45 | 0.44 | 0.26 | 0.22 | 0.26 |
| EV / EBITDA | 13.29 | 10.86 | 15.10 | 14.13 | 8.49 | 9.56 | 13.58 | 9.90 | 7.08 | 7.33 | 7.71 |
| EV / EBIT | 15.19 | 11.17 | 17.04 | 15.50 | 9.33 | 10.77 | 15.92 | 11.01 | 7.96 | 8.44 | 8.35 |
| EV / FCF | — | 21.89 | 9.99 | 8.69 | 43.60 | 21.90 | 46.41 | 113.35 | 10.77 | 87.11 | 32.32 |
CNXN Profitability
Margins and return-on-capital ratios measuring operating efficiency
PC Connection, Inc. earns an operating margin of 3.6%. ROE of 9.2% is modest. ROIC of 10.6% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.8% | 18.8% | 18.6% | 18.0% | 16.8% | 16.1% | 16.2% | 16.0% | 15.2% | 13.1% | 13.8% |
| Operating Margin | 3.6% | 3.6% | 3.5% | 3.6% | 3.9% | 3.3% | 2.8% | 4.0% | 3.2% | 2.7% | 3.0% |
| Net Profit Margin | 2.9% | 2.9% | 3.1% | 2.9% | 2.9% | 2.4% | 2.2% | 2.9% | 2.4% | 1.9% | 1.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.2% | 9.2% | 9.9% | 10.4% | 12.3% | 10.6% | 9.0% | 14.6% | 12.8% | 12.0% | 11.7% |
| ROA | 6.3% | 6.3% | 7.0% | 7.3% | 8.2% | 6.6% | 5.7% | 9.4% | 8.3% | 7.7% | 7.3% |
| ROIC | 10.6% | 10.6% | 10.1% | 11.4% | 14.6% | 12.7% | 10.0% | 17.6% | 14.8% | 14.2% | 17.3% |
| ROCE | 11.0% | 11.0% | 10.9% | 12.5% | 16.1% | 13.9% | 10.9% | 18.9% | 16.4% | 16.2% | 18.4% |
CNXN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
PC Connection, Inc. carries a Debt/EBITDA ratio of 0.0x, which is very conservative (100% below the sector average of 2.9x). The company holds a net cash position — cash of $193M exceeds total debt of $996000, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | — | — | — |
| Debt / EBITDA | 0.01 | 0.01 | 0.03 | 0.04 | 0.06 | 0.09 | 0.16 | 0.12 | — | — | — |
| Net Debt / Equity | — | -0.21 | -0.19 | -0.17 | -0.15 | -0.14 | -0.13 | -0.13 | -0.17 | -0.10 | -0.11 |
| Net Debt / EBITDA | -1.64 | -1.64 | -1.59 | -1.21 | -0.87 | -0.90 | -0.96 | -0.60 | -0.92 | -0.56 | -0.54 |
| Debt / FCF | — | -3.31 | -1.05 | -0.74 | -4.45 | -2.07 | -3.28 | -6.89 | -1.40 | -6.65 | -2.27 |
| Interest Coverage | — | — | — | — | — | — | 682.86 | 1093.93 | 612.48 | — | 1253.09 |
Net cash position: cash ($193M) exceeds total debt ($996000)
CNXN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
PC Connection, Inc.'s current ratio of 2.90x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.56x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 3.20x to 2.90x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.90 | 2.90 | 3.14 | 3.20 | 3.07 | 2.49 | 2.51 | 2.51 | 2.58 | 2.48 | 2.43 |
| Quick Ratio | 2.56 | 2.56 | 2.89 | 2.82 | 2.40 | 1.94 | 2.10 | 2.11 | 2.12 | 2.05 | 2.04 |
| Cash Ratio | 0.97 | 0.97 | 1.19 | 0.91 | 0.40 | 0.29 | 0.28 | 0.29 | 0.35 | 0.20 | 0.21 |
| Asset Turnover | — | 2.13 | 2.16 | 2.40 | 2.84 | 2.67 | 2.52 | 2.98 | 3.35 | 3.89 | 3.92 |
| Inventory Turnover | 16.25 | 16.25 | 24.01 | 18.83 | 12.45 | 11.75 | 15.42 | 19.00 | 19.20 | 23.70 | 25.64 |
| Days Sales Outstanding | — | 82.33 | 79.96 | 78.26 | 71.28 | 76.66 | 86.10 | 71.32 | 60.66 | 56.86 | 56.12 |
CNXN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
PC Connection, Inc. returns 5.2% to shareholders annually — split between a 0.9% dividend yield and 4.4% buyback yield. The payout ratio of 18.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 4.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.9% | 1.0% | 0.6% | 0.5% | 0.7% | 3.0% | 0.7% | 0.6% | 1.1% | 1.3% | 1.4% |
| Payout Ratio | 18.3% | 18.3% | 12.1% | 10.1% | 10.0% | 49.5% | 15.1% | 10.3% | 14.1% | 16.5% | 22.0% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.7% | 5.7% | 4.7% | 4.7% | 7.2% | 6.1% | 4.5% | 6.2% | 8.1% | 7.8% | 6.4% |
| FCF Yield | 3.3% | 4.0% | 9.1% | 10.6% | 2.1% | 4.2% | 2.0% | 0.8% | 8.2% | 1.1% | 2.9% |
| Buyback Yield | 4.4% | 5.2% | 0.7% | 0.3% | 0.0% | 0.0% | 0.8% | 0.3% | 1.9% | 0.1% | 0.1% |
| Total Shareholder Yield | 5.2% | 6.3% | 1.2% | 0.8% | 0.7% | 3.0% | 1.5% | 1.0% | 3.1% | 1.4% | 1.5% |
| Shares Outstanding | — | $25M | $27M | $26M | $26M | $26M | $26M | $27M | $27M | $27M | $27M |
Peer Comparison
Compare CNXN with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CNXNYou | $2B | 21.2 | 13.3 | 30.1 | 18.8% | 3.6% | 9.2% | 10.6% | 0.0 |
 CDW | $16B | 15.3 | 11.0 | 14.5 | 21.7% | 7.4% | 43.0% | 15.4% | 3.2 |
 NSIT | $3B | 21.8 | 9.2 | 11.5 | 21.4% | 4.6% | 9.2% | 10.3% | 3.3 |
 SNX | $23B | 28.5 | 13.6 | 16.5 | 7.0% | 2.3% | 10.0% | 9.9% | 2.5 |
 AVT | $8B | 33.6 | 13.7 | 13.1 | 10.7% | 2.8% | 4.8% | 6.0% | 3.8 |
 ARW | $12B | 21.5 | 13.7 | — | 11.2% | 3.0% | 9.1% | 7.6% | 2.9 |
 SCSC | $1B | 16.4 | 8.9 | 9.6 | 13.4% | 2.8% | 7.8% | 7.0% | 1.3 |
 HPQ | $22B | 8.9 | 6.3 | 7.7 | 20.0% | 6.6% | — | 41.2% | 2.4 |
 HPE | $64B | -1085.7 | 18.8 | 102.3 | 28.8% | 4.8% | 0.2% | 3.4% | 5.5 |
 DELL | $278B | 48.3 | 26.0 | 32.5 | 20.0% | 7.4% | — | 34.2% | 2.7 |
 MSFT | $2.7T | 26.9 | 17.3 | 38.1 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
| Technology Median | — | 28.3 | 16.6 | 18.8 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 29 years · Updated daily
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CNXN — Frequently Asked Questions
Quick answers to the most common questions about buying CNXN stock.
What is PC Connection, Inc.'s P/E ratio?
PC Connection, Inc.'s current P/E ratio is 21.2x. The historical average is 20.5x. This places it at the 63th percentile of its historical range.
What is PC Connection, Inc.'s EV/EBITDA?
PC Connection, Inc.'s current EV/EBITDA is 13.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.0x.
What is PC Connection, Inc.'s ROE?
PC Connection, Inc.'s return on equity (ROE) is 9.2%. The historical average is 11.7%.
Is CNXN stock overvalued?
Based on historical data, PC Connection, Inc. is trading at a P/E of 21.2x. This is at the 63th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is PC Connection, Inc.'s dividend yield?
PC Connection, Inc.'s current dividend yield is 0.87% with a payout ratio of 18.3%.
What are PC Connection, Inc.'s profit margins?
PC Connection, Inc. has 18.8% gross margin and 3.6% operating margin.
How much debt does PC Connection, Inc. have?
PC Connection, Inc.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.