Unisys Corp: what the price is pricing in

There is no current cash flow reading for Unisys Corp: its latest is from March 31, 2026. Switch lens below to see the other readings and how trading the gap would have done.

No published rating for Unisys Corp: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet. The readings below run our models backwards for research and show how trading the gap would have done; they are not a valuation or a rating. The valuation page shows the models and their status.

What growth in cash flow is the price paying for?

No current reading. The latest is from March 31, 2026: the figures this lens needs have not been filed recently enough (or no longer apply), so there is no position this quarter.

Quarters with a position111 long, 10 short, since December 31, 2012

Beat the S&P 5007 of 1163.6% of quarters held

Strategy against the index−81.1%cumulative; worst fall -91.8%

$10,000 became$13,186S&P 500 bought and held: $45,603

Over time

The growth in owner earnings (free cash flow after stock-based pay) that would justify the share price in our discounted-cash-flow model, against the growth the model itself assumes from the company's record.

Growth our model assumes Growth the price implies Long quarter Short quarter. Lower panel: the share price at each quarter end, adjusted for later share splits and spin-offs (the table below gives the price as traded).

$10,000 trading the gap vs the S&P 500

StrategyS&P 500, buy and hold Hypothetical, before costs. The strategy holds the S&P 500 and only changes on a signal: it switches into UIS in long quarters and adds a short of UIS in short quarters. The gap between the lines is what the signal added or lost.

Skill or luck?

In plain English: Across 11 quarters with a position, this lens beat the S&P 500 in 7, by −4.8% a quarter on average. That could easily be chance. One company is a small sample: the results across all companies are the better guide.

Positions	Quarters	Beat the S&P 500	Average vs S&P 500, a quarter	Typical (median), a quarter	A year	Confidence (t)	Evidence
Longs	1	100.0%	+21.0%	+21.0%	+114.4%	—	Too few quarters
Shorts	10	60.0%	−7.4%	+9.6%	−52.4%	-0.62	No reliable evidence
All positions	11	63.6%	−4.8%	+11.2%	−45.4%	-0.43	No reliable evidence

Each position is measured against the S&P 500 over the same quarter: a long earns the stock's return minus the index's, a short the index's minus the stock's. "A year" compounds the per-quarter results. Evidence: strong at a t-statistic of 2 or more, some from 1.5; "worse" when the result is that far below zero; one company's history is a small sample, so read these alongside the results across all companies.

Every quarter (33)

From	Price paid	Growth the price implies	Growth our model assumes	Position	UIS	S&P 500
March 31, 2026	$2.07	54.9%	2.0%	Short	+76.8%	+15.1%
June 30, 2025	$4.53	1.7%	2.0%	No position	−13.9%	+8.1%
March 31, 2025	$4.59	8.0%	2.0%	No position	−1.3%	+10.8%
December 31, 2024	$6.33	10.4%	2.0%	No position	−27.5%	−4.3%
September 30, 2024	$5.68	6.5%	2.0%	No position	+11.4%	+2.5%
June 30, 2024	$4.13	0.4%	2.0%	No position	+37.5%	+5.8%
March 31, 2024	$4.91	7.2%	2.0%	No position	−15.9%	+4.4%
December 31, 2020	$19.68	21.4%	4.0%	Short	+29.2%	+6.3%
September 30, 2020	$10.67	14.9%	4.0%	Short	+84.4%	+12.1%
June 30, 2020	$10.91	20.3%	4.0%	Short	−2.2%	+9.0%
March 31, 2020	$12.35	7.5%	4.0%	No position	−11.7%	+20.2%
June 30, 2019	$9.72	5.3%	2.0%	No position	−23.6%	+1.8%
March 31, 2019	$11.67	0.2%	2.0%	No position	−16.7%	+4.2%
December 31, 2018	$11.63	1.9%	2.0%	No position	+0.3%	+13.5%
September 30, 2018	$20.40	7.0%	2.0%	No position	−43.0%	−13.5%
March 31, 2018	$10.75	5.1%	2.0%	No position	+20.0%	+3.5%
June 30, 2017	$12.80	20.2%	2.0%	Short	−33.6%	+4.4%
March 31, 2017	$13.95	15.9%	2.0%	Short	−8.2%	+3.1%
December 31, 2016	$14.95	13.6%	2.0%	Short	−6.7%	+5.9%
June 30, 2016	$7.28	16.7%	4.0%	Short	+33.8%	+3.8%
March 31, 2016	$7.70	18.5%	4.0%	Short	−5.5%	+2.5%
December 31, 2015	$11.05	17.2%	2.0%	Short	−30.3%	+1.3%
September 30, 2015	$11.90	10.7%	2.0%	No position	−7.1%	+7.0%
June 30, 2015	$19.99	8.3%	2.0%	No position	−40.5%	−6.4%
March 31, 2015	$23.21	5.6%	2.0%	No position	−13.9%	+0.2%
December 31, 2014	$29.48	0.5%	2.0%	No position	−21.3%	+0.9%
September 30, 2014	$23.41	-2.6%	2.0%	No position	+25.9%	+4.9%
June 30, 2014	$24.74	-4.3%	2.0%	No position	−5.4%	+1.1%
March 31, 2014	$30.46	-3.3%	2.0%	No position	−18.8%	+5.2%
December 31, 2013	$33.57	-0.3%	2.0%	No position	−9.3%	+1.7%
September 30, 2013	$25.19	-3.4%	2.0%	No position	+33.3%	+10.5%
June 30, 2013	$22.07	-5.5%	2.0%	No position	+14.1%	+5.2%
December 31, 2012	$17.30	-10.7%	2.0%	Long	+31.5%	+10.5%

Price paid: the closing price that day as traded, before any later share split.

What growth in earnings is the price paying for?

No current reading. The latest is from March 31, 2021: the figures this lens needs have not been filed recently enough (or no longer apply), so there is no position this quarter.

Quarters with a position1313 long, 0 short, since December 31, 2012

Beat the S&P 5005 of 1338.5% of quarters held

Strategy against the index−28.7%cumulative; worst fall -77.2%

$10,000 became$14,028S&P 500 bought and held: $21,653

Over time

The earnings growth the price-to-earnings ratio requires, against the growth our model assumes. Net income is already after interest, so it is valued at the return shareholders require, plus spare cash (none for banks and insurers, whose cash is funded by deposits and policies), with no debt subtracted.

Growth our model assumes Growth the P/E implies Long quarter Short quarter. Lower panel: the share price at each quarter end, adjusted for later share splits and spin-offs (the table below gives the price as traded).

$10,000 trading the gap vs the S&P 500

Skill or luck?

In plain English: Across 13 quarters with a position, this lens beat the S&P 500 in 5, by +0.6% a quarter on average. That could easily be chance. One company is a small sample: the results across all companies are the better guide.

Positions	Quarters	Beat the S&P 500	Average vs S&P 500, a quarter	Typical (median), a quarter	A year	Confidence (t)	Evidence
Longs	13	38.5%	+0.6%	−8.8%	−9.9%	0.08	No reliable evidence
Shorts	0	—	—	—	—	—	—
All positions	13	38.5%	+0.6%	−8.8%	−9.9%	0.08	No reliable evidence

Every quarter (19)

From	Price paid	Growth the P/E implies	Growth our model assumes	Position	UIS	S&P 500
March 31, 2021	$25.42	-30.0%*	2.0%	Long	−0.4%	+8.4%
December 31, 2020	$19.68	-30.0%*	4.0%	Long	+29.2%	+6.3%
September 30, 2020	$10.67	-30.0%*	4.0%	Long	+84.4%	+12.1%
June 30, 2020	$10.91	-30.0%*	4.0%	Long	−2.2%	+9.0%
June 30, 2019	$9.72	-30.0%*	2.0%	Long	−23.6%	+1.8%
March 31, 2019	$11.67	-30.0%*	2.0%	Long	−16.7%	+4.2%
December 31, 2018	$11.63	-30.0%*	2.0%	Long	+0.3%	+13.5%
September 30, 2018	$20.40	-9.2%	2.0%	Long	−43.0%	−13.5%
September 30, 2015	$11.90	11.2%	2.0%	No position	−7.1%	+7.0%
June 30, 2015	$19.99	-5.2%	2.0%	No position	−40.5%	−6.4%
March 31, 2015	$23.21	-0.2%	2.0%	No position	−13.9%	+0.2%
December 31, 2014	$29.48	-7.6%	2.0%	No position	−21.3%	+0.9%
September 30, 2014	$23.41	-3.5%	2.0%	No position	+25.9%	+4.9%
June 30, 2014	$24.74	-15.2%	2.0%	Long	−5.4%	+1.1%
March 31, 2014	$30.46	-13.2%	2.0%	Long	−18.8%	+5.2%
December 31, 2013	$33.57	-2.8%	2.0%	No position	−9.3%	+1.7%
September 30, 2013	$25.19	-11.7%	2.0%	Long	+33.3%	+10.5%
June 30, 2013	$22.07	-24.7%	2.0%	Long	+14.1%	+5.2%
December 31, 2012	$17.30	-30.0%*	2.0%	Long	+31.5%	+10.5%

Price paid: the closing price that day as traded, before any later share split. * At the edge of the range we solve for.

Is the price-to-earnings ratio cheap or dear for the growth delivered?

No current reading. The latest is from September 30, 2018: the figures this lens needs have not been filed recently enough (or no longer apply), so there is no position this quarter.

Quarters with a position11 long, 0 short, since September 30, 2018

Beat the S&P 5000 of 10.0% of quarters held

Strategy against the index−29.5%cumulative; worst fall -29.5%

Over time

The P/E divided by the earnings-per-share growth delivered over three years. Under 0.75 the market pays little for the growth (long); over 3 it pays a lot (short).

EPS growth, 3 years (%) Price-to-earnings ratio (x) Long quarter Short quarter. Lower panel: the share price at each quarter end, adjusted for later share splits and spin-offs (the table below gives the price as traded).

Skill or luck?

In plain English: With only 1 quarters of positions, Unisys Corp's own record is too short to tell skill from luck. The results across all companies on the priced-in page are the better guide.

Positions	Quarters	Beat the S&P 500	Average vs S&P 500, a quarter	Typical (median), a quarter	A year	Confidence (t)	Evidence
Longs	1	0.0%	−29.5%	−29.5%	−75.2%	—	Too few quarters
Shorts	0	—	—	—	—	—	—
All positions	1	0.0%	−29.5%	−29.5%	−75.2%	—	Too few quarters

Every quarter (1)

From	Price paid	Price-to-earnings ratio (x)	EPS growth, 3 years (%)	Position	UIS	S&P 500
September 30, 2018	$20.40	19.5x	80.2%	Long	−43.0%	−13.5%

Price paid: the closing price that day as traded, before any later share split.

What profit margin is the price paying for?

The price implies an owner-earnings margin of 3.0%; the company has kept -1.1%.

Gap too narrow for a position this quarter

What the price implies What the company delivered

Quarters with a position120 long, 12 short, since December 31, 2012

Beat the S&P 50010 of 1283.3% of quarters held

Strategy against the index+181.1%cumulative; worst fall -51.3%

$10,000 became$190,184S&P 500 bought and held: $63,245

Over time

The owner-earnings margin (free cash flow after stock pay, as a share of revenue) the price requires at our model's growth, against the margin the company has delivered over three years.

Margin delivered Margin the price implies Long quarter Short quarter. Lower panel: the share price at each quarter end, adjusted for later share splits and spin-offs (the table below gives the price as traded).

$10,000 trading the gap vs the S&P 500

Skill or luck?

In plain English: Across 12 quarters with a position, this lens beat the S&P 500 in 10, by +12.5% a quarter on average. That is suggestive but could still be chance. One company is a small sample: the results across all companies are the better guide.

Positions	Quarters	Beat the S&P 500	Average vs S&P 500, a quarter	Typical (median), a quarter	A year	Confidence (t)	Evidence
Longs	0	—	—	—	—	—	—
Shorts	12	83.3%	+12.5%	+16.6%	+41.1%	1.72	Some evidence
All positions	12	83.3%	+12.5%	+16.6%	+41.1%	1.72	Some evidence

Every quarter (49)

From	Price paid	Margin the price implies	Margin delivered	Position	UIS	S&P 500
September 30, 2026 (open)	$2.31	3.0%	-1.1%	No position	+8.9%	−0.8%
June 30, 2026	$3.66	3.2%	-0.0%	No position	−36.9%	+2.4%
March 31, 2026	$2.07	2.8%	0.2%	No position	+76.8%	+15.1%
December 31, 2025	$2.76	3.3%	-1.2%	No position	−25.0%	−4.4%
September 30, 2025	$3.90	3.5%	-1.3%	No position	−29.2%	+2.7%
June 30, 2025	$4.53	3.3%	3.4%	No position	−13.9%	+8.1%
March 31, 2025	$4.59	3.3%	2.3%	No position	−1.3%	+10.8%
December 31, 2024	$6.33	3.5%	2.2%	No position	−27.5%	−4.3%
September 30, 2024	$5.68	3.5%	2.7%	No position	+11.4%	+2.5%
June 30, 2024	$4.13	3.1%	3.4%	No position	+37.5%	+5.8%
March 31, 2024	$4.91	3.3%	2.4%	No position	−15.9%	+4.4%
December 31, 2023	$5.62	3.2%	-3.7%	Short	−12.6%	+10.4%
September 30, 2023	$3.45	2.7%	-2.6%	Short	+62.9%	+11.6%
June 30, 2023	$3.98	2.9%	-3.6%	Short	−13.3%	−3.2%
March 31, 2023	$3.88	3.0%	-9.9%	Short	+2.6%	+8.7%
December 31, 2022	$5.11	3.8%	-8.3%	Short	−24.1%	+7.5%
September 30, 2022	$7.55	4.2%	-8.5%	Short	−32.3%	+7.6%
June 30, 2022	$12.03	4.9%	-7.0%	Short	−37.2%	−4.9%
March 31, 2022	$21.61	6.6%	-7.4%	Short	−44.3%	−16.1%
December 31, 2021	$20.57	6.5%	-5.8%	Short	+5.1%	−4.6%
September 30, 2021	$25.14	7.5%	-6.8%	Short	−18.2%	+11.1%
June 30, 2021	$25.31	7.4%	-7.3%	Short	−0.7%	+0.6%
March 31, 2021	$25.42	7.1%	-7.1%	Short	−0.4%	+8.4%
December 31, 2020	$19.68	5.1%	1.9%	No position	+29.2%	+6.3%
September 30, 2020	$10.67	3.6%	1.9%	No position	+84.4%	+12.1%
June 30, 2020	$10.91	4.5%	1.8%	No position	−2.2%	+9.0%
March 31, 2020	$12.35	5.8%	4.7%	No position	−11.7%	+20.2%
June 30, 2019	$9.72	5.0%	4.2%	No position	−23.6%	+1.8%
March 31, 2019	$11.67	4.8%	5.3%	No position	−16.7%	+4.2%
December 31, 2018	$11.63	4.7%	4.8%	No position	+0.3%	+13.5%
September 30, 2018	$20.40	5.7%	4.3%	No position	−43.0%	−13.5%
March 31, 2018	$10.75	4.5%	3.8%	No position	+20.0%	+3.5%
June 30, 2017	$12.80	5.2%	1.9%	No position	−33.6%	+4.4%
March 31, 2017	$13.95	5.2%	2.4%	No position	−8.2%	+3.1%
December 31, 2016	$14.95	4.8%	2.5%	No position	−6.7%	+5.9%
June 30, 2016	$7.28	3.6%	1.8%	No position	+33.8%	+3.8%
March 31, 2016	$7.70	3.6%	1.6%	No position	−5.5%	+2.5%
December 31, 2015	$11.05	4.5%	1.9%	No position	−30.3%	+1.3%
September 30, 2015	$11.90	4.2%	2.6%	No position	−7.1%	+7.0%
June 30, 2015	$19.99	4.8%	3.3%	No position	−40.5%	−6.4%
March 31, 2015	$23.21	5.0%	4.1%	No position	−13.9%	+0.2%
December 31, 2014	$29.48	4.2%	4.6%	No position	−21.3%	+0.9%
September 30, 2014	$23.41	4.3%	5.6%	No position	+25.9%	+4.9%
June 30, 2014	$24.74	4.1%	6.0%	No position	−5.4%	+1.1%
March 31, 2014	$30.46	4.5%	6.1%	No position	−18.8%	+5.2%
December 31, 2013	$33.57	5.8%	6.6%	No position	−9.3%	+1.7%
September 30, 2013	$25.19	5.0%	6.9%	No position	+33.3%	+10.5%
June 30, 2013	$22.07	4.7%	7.2%	No position	+14.1%	+5.2%
December 31, 2012	$17.30	3.7%	7.8%	No position	+31.5%	+10.5%

Price paid: the closing price that day as traded, before any later share split.

How the test works

At each quarter end since March 2010 we rebuild the models from Unisys Corp's quarters ending at least 90 days earlier (and no more than 200 days before that), using the figures as later filed, including any restatement, and value them at that day's close, adjusted for later share splits and spin-offs so that price and share count are on the same basis. A wide enough gap is a long or a short for one quarter (growth 10 points; margin and return on equity 5 points; a PEG under 0.75 or over 3), measured on total return against the S&P 500. The rules were set before the test. No trading or borrowing costs; today's list of companies. Not investment advice. All companies and the results across them.

Compare with peers

Head to head: EXLS vs UIS GDS vs UIS GLOB vs UIS FORTY vs UIS

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Figures from Unisys Corp's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Unisys Corp.