CNM · NYSE · STOCK
Core & Main (CNM) Stock Analysis
$42.61
52W $40.03 – $59.66
57/100
$7.98B
17.5
0.91
Is CNM Bullish or Bearish?
Mixed.
Innellis AI committee rates Core & Main (CNM) Watch with a composite score of 57/100
, based on 5 analysts with 60% agreement.
Last updated September 20, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +3.34 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -16.66 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
Some positive signals exist — news sentiment is positive (+0.33 across 38 articles, 14d) — but they are not yet strong enough to justify a Buy. The committee is monitoring for confirmation.
Bull & Bear Case
Bull Case
- ROE of 22.8% shows genuine earnings power backing the valuation — Value
- 5 consecutive earnings beats -- consistent execution — Growth
- MACD histogram positive -- bullish momentum — Technical
- News sentiment is positive (+0.33 across 38 articles, 14d) — News
Bear Case
- Price-to-book of 5.3x prices in significant intangible value — Value
- Revenue declining -0.5% YoY -- this is not a growth story right now — Growth
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- Price structure making lower highs and lower lows — Technical
- Trend and market structure agree -- coherent bearish picture — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of September 20, 2026
Overall Committee Score
57/100
Agreement
60%
Analysts
5
Conviction
Moderate
Sector Rank
Top 52%
of 227 Industrials peers
Value Analyst
neutral
55
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 22.8% shows genuine earnings power backing the valuation
− Price-to-book of 5.3x prices in significant intangible value
Growth Analyst
neutral
43
/ 100 · High confidence
Moderate growth -- present but not remarkable
+ 5 consecutive earnings beats -- consistent execution
− Revenue declining -0.5% YoY -- this is not a growth story right now
Technical Analyst
neutral
52
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
− Price structure making lower highs and lower lows
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
68
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.33 across 38 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2518.64)
Investment Thesis Evolution
Committee score moved marginally from 56.7 to 56.7.
Comparing 2026-09-19 to 2026-09-20 (1 day apart).
Technical Analysis
RSI (14)
50.7
Neutral
MACD Histogram
0.059
Bullish Momentum
Trend Direction
Downtrend
Weekly: Sideways
Market Structure
Lh Ll
Support
$41.88
Resistance
$47.23
Bollinger %B
0.45
Inside Bands
Price vs Moving Averages
EMA 9
$42.31
Above
EMA 21
$42.94
Below
EMA 50
$44.23
Below
EMA 200
$48.34
Below
Fundamental Analysis
Valuation
51
Growth
80
Profitability
55
Financial Health
79
Cash Flow
70
Valuation
P/E Ratio
17.5×
P/B Ratio
3.92×
PEG Ratio
3.38
Dividend Yield
0.00%
52W High
$59.66
52W Low
$40.03
Quality & Growth
ROE
2208.3%
ROA
724.7%
Gross Margin
2704.6%
Operating Margin
963.9%
Revenue Growth YoY
—
Debt / Equity
1.35
AI Fundamental Assessment
P/E ratio of 17.5 (inexpensive relative to a 15-40x range); Price-to-book of 3.9x; PEG ratio of 3.4 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 22.1%; Return on assets of 7.2%; Net margin of 6.0%; Gross margin of 27.0%; Current ratio of 2.47 (healthy short-term liquidity); Debt-to-equity of 1.35; Free cash flow per share is positive (3.36); Most recent quarter beat estimates by 0.7%; 5 consecutive earnings beats; EPS growth decelerating (+38.5% -> +30.6% QoQ); Average YoY EPS growth of 38.5%; Analyst estimates rising over recent quarters
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