Fair Isaac: I Am Still Hold Rated As The Valuation Multiple Is Too High

Following my coverage on Fair Isaac Corporation (NYSE: FICO ) in May'24, which I upgraded to a hold rating as I believed valuation was stretched despite FICO fundamentals being much stronger than I originally expected, this post is toI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a pr ...