Does anyone know why Cognizant is trading so much cheaper than Accenture, their publicly traded IT Consulting peer?
Cognizant is trading at its lowest PE multiple in many years, the company has been consistently growing cash flow, buying back shares, and they pay a 1.9% dividend that they increase most years. I also think they will benefit from the rapid adoption of AI.
CTSH – Cognizant – 13.85 Trailing PE
ACCN – Accenture – 28.77 Trailing PE
I would appreciate your thoughts!
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