Synnex Corporation (SNX) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Synnex Corporation stock $290, price $215, upside +34.9%, quality 62 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range $76.85 – $289.02 · fair‑value band $210.36 – $363.11 · the $215.37 price screens below the $290.49 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem in the United States, Europe, and internationally.
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It offers endpoint solutions, including personal computing devices and peripherals, mobile phones and accessories, printers, and supplies; and advanced solutions comprising data center technologies, such as hybrid cloud, security, storage, networking, servers, software, converged and hyper-converged infrastructure, and hyperscale infrastructure.
The company also provides design, integration, test and other production value-added solutions, such as thermal testing, power-draw efficiency testing, burn-in, quality, and logistics support; logistics and field services; depot repair and customer management services; and cloud services, including public cloud solutions in productivity and collaboration, infrastructure as a service, platform as a service, software as a service, security, mobility, AI, and other hybrid solutions.
In addition, it offers online services; financing options, including net terms, third party leasing, floor plan financing and letters-of-credit backed financing and arrangements, as well lease products to reseller customers and their end-users and provides device-as-a-service to end-users; and marketing services comprising direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, national and regional trade shows, trade groups, database analysis, print on demand services, and web-based marketing.
It serves value-added resellers, corporate resellers, government resellers, system integrators, direct marketers, retailers, and managed service providers. The company was formerly known as SYNNEX Corporation and changed its name to TD SYNNEX Corporation in September 2021.
TD SYNNEX Corporation was founded in 1980 and is headquartered in Fremont, California.
Stock analysis
Synnex Corporation (SNX) currently trades at $215.37, while our model-based Fair Value estimate is $290.49, implying the stock looks roughly 26% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $359.96 per share, and 15 of the 26 models we run sit above the $215.37 price.
Bear case: the Economic Profit group reads lowest at $97.59, and 11 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $210.36 (bear) to $363.11 (bull), the price of $215.37 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Synnex Corporation reported revenue of $62.5B in FY2025 versus $31.6B in FY2021, a compound +18.6%/yr. Reported net income was $828M in FY2025, compounding +20.3%/yr from FY2021.
Key figures
Market cap $17.5B Large · P/E ratio 13.1 · P/S ratio 0.23 · EPS (TTM) $16.40 · Dividend yield 0.9% · Net margin 1.8% · Return on equity 14.9% · Return on assets (EBIT) 3.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 53% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at 35%, SNX screens cheaper than that median.
Fair Value models
Bear$210.36Fair Value $290.49Bull$363.11
Price $215.37 · Upside +34.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 11 months old). Earnings retained since then ($13.53 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 5 officers or directors sold shares worth $18.4M and none bought.
SaleAlim DhanjiChief Human Resources Officer3,775 shares at $241.01$909,794Oct 22, 2026
SaleDennis PolkChair, Hyve Solutions, Director13× since Dec 4, 2025: 72,308 shares, avg. $220.49$15.9MOct 21, 2026
SaleReyna ThompsonPresident, North America2× since Apr 29, 2026: 4,629 shares, avg. $236.60$1.1MOct 20, 202610b5-1 plan
SaleRichard T HumeDirector11× since Dec 1, 2025: 101,848 shares, avg. $181.48$18.5MAug 5, 202610b5-1 plan
SaleAnn F VezinaDirector1,273 shares at $256.05$325,952Jul 31, 2026
SaleMerline SaintilDirector3× since Dec 4, 2025: 4,703 shares, avg. $224.01$1.1MMay 4, 2026
SaleMiriam Anne MurphyPresident, Europe3,025 shares at $200.14$605,424Apr 9, 2026
SaleDavid Gregory JordanChief Financial Officer3,225 shares at $189.46$611,009Apr 6, 2026
SalePatrick ZammitChief Executive Officer, Director13,900 shares at $171.57$2.4MFeb 6, 2026
Plus 20 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.6%
Start year 2020 (pandemic). Over 10 years: +16.7% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+1.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.4%
Dividend (yield on the price)0.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.0.4% vs 6.6%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+3.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+12.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +1.3% a year for the price and +10.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Large-scale IT distribution provides modest competitive advantages through volume, yet limited differentiation keeps net margins and returns structurally low.
Main risk: Migration of end-users to AI-enabled offerings, cloud infrastructure and technology-as-a-service could reduce sales of traditional hardware products that form the core of its distribution business.
Bull case: By deepening its Hyve Solutions and agentic AI enablement programs the company could capture more value from AI infrastructure demand and offset any decline in traditional hardware distribution.
Bear case: If key suppliers reduce volumes or end-users shift rapidly to direct cloud and AI services, revenue concentration risks could compound and leave the distribution model with significantly lower volumes and thinner margins.
TD SYNNEX is pushing into space economy solutions, agentic AI for partners and specialized distribution through the BlueStar acquisition. At the same time its Hyve business, which fuels much of the AI infrastructure growth, still carries heavy working capital needs and thinner margins. Will the new initiatives improve overall cash conversion enough to ease those pressures, or will they compound the execution demands?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electronics & Computer Distribution · 149 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside+34.9% · Above median
Profitability
Return on equity (12 months)14.9% · Above median
Return on assets2.4% · Below median
Net margin (12 months)1.8% · Below median
Operating margin (12 months)3.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)37.7% · Top 25%
Dividend yield (12 months)0.9% · Bottom 25%
Balance sheet
Debt / equity0.43× · Highest 25%
Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Synnex Corporation Fair Value". https://www.fairvalue-calculator.com/stock/SNX
Frequently asked questions
Is Synnex Corporation (SNX) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of $290.49 versus a price of $215.37, about +35% upside (undervalued).
What is the fair value of SNX?
Our model-based fair value for Synnex Corporation is $290.49 (as of Nov 4, 2026), built from audited fundamentals. The current price: $215.37.
What is the quality score of SNX?
Synnex Corporation has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Synnex Corporation (SNX)?
Our model-based price target is the fair value of $290.49 (as of Nov 4, 2026) from 26 valuation models. Cautious scenario $210.36, optimistic scenario $363.11. It is a calculation from audited fundamentals, not an analyst target.
What is the Synnex Corporation stock forecast for 2026?
Our models put fair value at $290.49, about +35% upside versus a price of $215.37 (undervalued). Cautious scenario $210.36, optimistic scenario $363.11. The calculation is refreshed regularly with new filings.
What is the revenue of Synnex Corporation (SNX)?
Synnex Corporation reported trailing-twelve-month revenue of about $75.7B (latest available figure, as of Nov 4, 2026).
Does Synnex Corporation pay a dividend?
Synnex Corporation currently shows a dividend yield of 0.89% relative to its recent price (as of Nov 4, 2026).
What growth is priced into Synnex Corporation (SNX)?
For today's price to be fair in a discounted-cash-flow model, Synnex Corporation would have to grow free cash flow by +3.7 % per year for five years (discount rate 10.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +25.6 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of SNX use?
Our models discount Synnex Corporation at 10.1 %: a base by market capitalisation (large), damped by beta 1.37, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Synnex Corporation that is +3.7 % per year a year over ten years, using the same discount rate (10.1 %) and the same formula as our fair value.
How much growth has Synnex Corporation (SNX) delivered so far?
Over the past 5 years revenue at Synnex Corporation grew +25.6 % a year. The price currently implies +3.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Synnex Corporation (SNX) growing?
The median revenue growth in the sector is +11.3 % a year. That is the yardstick for the growth priced into Synnex Corporation (+3.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Synnex Corporation (SNX)?
The free-cash-flow yield on the price is 8.12 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Synnex Corporation produces per unit of market value. When it exceeds the discount rate of our models (10.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Synnex Corporation (SNX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Synnex Corporation it is $290.49 per share (as of Nov 4, 2026), against a price of $215.37. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Synnex Corporation stock overvalued or undervalued in 2026?
As of Nov 4, 2026, SNX trades below its calculated fair value: price $215.37, fair value $290.49, a gap of about +35% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SNX?
No. The price is what the market pays today ($215.37); the fair value is what the company's own numbers justify ($290.49). For Synnex Corporation the two are $75.12 per share apart. That gap is exactly why we show both numbers side by side.
How much is Synnex Corporation worth?
The market values Synnex Corporation at about $17.5B (market capitalisation, as of Nov 4, 2026). Per share that is $215.37; our models calculate a fair value of $290.49 per share.
What do the bullish and bearish scenarios say about SNX?
Our models span a range for Synnex Corporation: cautious scenario $210.36, base $290.49, optimistic $363.11 per share (as of Nov 4, 2026, price $215.37). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SNX?
Synnex Corporation trades at a price-to-earnings ratio of 13.1 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $290.49 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings, FY2022 ex one-offs: 14.8. Other multiples: PEG 0.8, P/B 2.1, P/S 0.2, EV/EBITDA 7.5.
What is the PEG ratio of SNX?
The PEG ratio of Synnex Corporation is 0.80 (P/E divided by earnings growth, as of Nov 4, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Synnex Corporation (SNX)?
Balance-sheet figures for Synnex Corporation (as of Nov 4, 2026): return on equity 14.9%, debt of 0.43 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is SNX from its 52-week high?
Synnex Corporation trades at $215.37, about 25% below its 52-week high of $289.02 and 53% above the low of $141.09 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $290.49 is for.
Which stocks are comparable to Synnex Corporation?
From the same area (Technology) we also value Arrow Electronics, Inc, Rexel S.A, Unisplendour Corporation, Avnet, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Synnex Corporation stock attractive at the current price?
The data as of Nov 4, 2026: price $215.37, calculated fair value $290.49 (+35%), Quality Score 62/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SNX calculated?
We run Synnex Corporation through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $290.49, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Synnex Corporation currently trades 26% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Synnex Corporation (SNX)?
The closing price on Nov 5, 2026 was $215.37. Our model-based fair value is $290.49, about +35% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Synnex Corporation right now?
Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Synnex Corporation (SNX) come from?
Earnings per share at Synnex Corporation grew +5.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.7 %, EBIT margin −2.8 %, tax rate +3.8 %, residual (interest, one-offs) −3.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Synnex Corporation
How large is the market capitalisation of Synnex Corporation (SNX)?
The market capitalisation of Synnex Corporation is $17.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Synnex Corporation (SNX)?
The price-to-sales ratio of Synnex Corporation is 0.23 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Synnex Corporation (SNX)?
Earnings per share at Synnex Corporation are $16.40 (price ÷ EPS = P/E 13.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Synnex Corporation (SNX)?
The dividend yield of Synnex Corporation is 0.9% (payout 11.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Synnex Corporation (SNX)?
The net margin of Synnex Corporation is 1.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Synnex Corporation (SNX)?
The return on equity (ROE) of Synnex Corporation is 14.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Synnex Corporation (SNX)?
On an EBIT basis the return on assets of Synnex Corporation is 3.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Synnex Corporation (SNX)?
The operating margin of Synnex Corporation is 3.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Synnex Corporation (SNX)?
Revenue at Synnex Corporation is growing +37.7% versus a year earlier (3y avg +0.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Synnex Corporation (SNX)?
Earnings per share at Synnex Corporation are growing +88.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Synnex Corporation (SNX) carry?
The net debt of Synnex Corporation is $2.2B (fiscal year 2025, ≈ 1.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 4, 2026