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Core & Main, Inc. (CNM)

Industrials · NYQ

$41.48-0.43% today

Price as at 1 Oct 2026, 02:41 UTC. Quotes are delayed.

Fundamentals

Market cap$8.75B
P/E ratio19.0
Revenue growth (YoY)-0.1%
Profit margin5.9%
Return on equity23.9%
52-week range$40.03 to $59.66

Valuation and ratings

Fair value estimate$53.79
Upside to fair value+29.7%
Analyst target (mean)$60.27
Analyst range$40.00 to $75.00
Analysts with price targets15
Consensus viewbuy
Moat score42/100
Overall rating54/100, moderate quality

Fair value: $53.79 (+29.7%), see how we got there

Core & Main, Inc. trades at $41.48, which is 30% below the $53.79 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.

Our moat model scores it 42 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.

It changes hands at 19.0 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.

CNM earnings and analyst estimates

EPS estimate, next year$3.08
Expected EPS growth+9.5%
Expected revenue growth+4.4%

Recommendation mix, 14 published ratings

9 buy4 hold1 sell

Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.

About Core & Main, Inc.

Core & Main, Inc. engages in the distribution of water, wastewater, storm drainage, and fire protection products and related services in the United States. The company's products portfolio include pipes, valves, hydrants, fittings, and other products and services used for service, repair and replacement of underground water infrastructure; storm drainage products, such as corrugated HDPE and metal piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, valves, fittings, sprinkler heads and other accessories, as well as fabrication and kitting services; smart meter products; and smart metering solutions which include meter accessories, meter installation, network infrastructure and software installation, training, and long-term services, as well as engineered treatment plant products. Its specialty products and services are used in the maintenance, repair, replacement, and construction of water, wastewater, storm drainage, and fire protection infrastructure. The company serves municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets. Core & Main, Inc. was founded in 1874 and is headquartered in Saint Louis, Missouri.

Industry: Industrial DistributionEmployees: 5,600HQ: United States

Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.

CNM passes 3 of our 30 screens today

Each screen prints the exact criteria it used, and the circumstances in which it is wrong.

Undervalued on cash flow
Companies trading at least 25% below the fair value our published earnings-power model puts on their profits.
Data centres and power
AI's binding constraint turned out not to be chips. It is electricity, and the grid was not built for this.
Aerospace and defence
Governments are rearming and the order books run for a decade. The customer cannot stop buying, and it also sets your margin.

Super investor ownership

15 of the funds we track reported a position in their latest SEC 13F filing. Largest first:

A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.

Politician trades in CNM

Trades in CNM disclosed by members of Congress and executive-branch officials, latest first:

A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.

CNM peers

The largest companies in the same industry (Industrial Distribution), then in the same sector.

Every industrials company we cover is on the Industrials hub.

Common questions

Is Core & Main, Inc. (CNM) undervalued?

Against our fair value estimate of $53.79, CNM at $41.48 is 30% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.

Which funds own CNM?

15 of the institutions we track reported a position in CNM in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.

What is CNM's P/E ratio?

CNM trades at 19.0 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.

Where does SteadyShares get its CNM data?

Fundamentals for CNM come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 02:41 UTC and is delayed. Our data quality score for this company is 96/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.

The full research page for CNM, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.

Open CNM in the appFree guides and screens

Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.