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Check Point Software Technologies (CHKP) Following FTSE All World Removal Looks Slightly Undervalued

Simply Wall St · 2d ago

Check Point Software Technologies (NasdaqGS:CHKP) was removed from the FTSE All-World Index (USD) on 19 September 2026. This change can trigger portfolio rebalancing for index-tracking funds and larger institutional holders.

Recent trading has been choppy for Check Point Software Technologies. The stock has a 1-month share price return of 8.17% and a 3-month share price return of 14.91%, yet the year-to-date share price return is down 22.02% and the 1-year total shareholder return has fallen 30.58%. This points to short-term momentum picking up after a weaker stretch for longer term holders as index removal prompts investors to reassess risk and future potential.

Compare how other cybersecurity and software stocks are reacting to index changes and institutional flows by scanning our hand picked 16 high quality undiscovered gems alongside Check Point Software Technologies.

Bulls view Check Point Software Technologies as a quality cybersecurity franchise that has been pushed down by mechanical index selling. Bears point to slowing net income and recent share price losses. Which story does the current valuation support?

Most Popular Narrative: 3% Undervalued

Against the last close of $141.16, the most followed narrative for Check Point Software Technologies pegs fair value at about $145.83, using an 11.09% discount rate and a detailed set of growth and margin assumptions to do the heavy lifting.

The Infinity platform focus on subscriptions and multi pillar adoption continues to be relevant. Emerging products such as email security, CTEM, SASE and AI security are reporting more than 40% ARR growth and 35% to 45% billing growth in early 2026, which could increasingly support subscription revenue and earnings.

See why 37 investors see Check Point Software Technologies as 3% undervalued.

Result: Fair Value of $145.83 (UNDERVALUED)

Still, the Check Point Software Technologies story can change quickly if firewall hardware demand remains weak or if the go to market overhaul continues to disrupt larger appliance deals.

Find out about the key risks to this Check Point Software Technologies narrative.

Next Steps

Sentiment on Check Point Software Technologies is split, with worries and bright spots pulling in different directions. Move fast and weigh the evidence yourself using our breakdown of 3 key rewards and 2 important warning signs

Looking for more investment ideas beyond Check Point Software Technologies?

If Check Point Software Technologies has you rethinking your watchlist, do not stop there. Broader idea generation can help inform your next portfolio move.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.