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STOCK COMPARISON

International Business Machines vs Indra A: Fair Value & Quality

Both stocks run through our valuation models. Here is how International Business Machines (IBM) and Indra A (IDR) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: International Business Machines trades at $235 versus a fair value of $176 (-25%), while Indra A trades at €59.30 versus €40.08 (-32%).
International Business Machines
IBM · USD · Information Technology
-25%
upside to fair value
overvalued
Price$235
Fair Value$176
Quality67/100
Indra A
IDR.MC · EUR · Information Technology
-32%
upside to fair value
overvalued
Price€59.30
Fair Value€40.08
Quality47/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

International Business MachinesIndra A
Valuation
25.7×P/E (TTM)19.0×
2.96×P/S (TTM)1.72×
6.25×P/B5.73×
14.8×EV/EBITDA18.3×
2.71×PEG4.26×
−25.1%Fair value upside−32.4%
2.9%Dividend yield0.4%
$6.72Dividend per share—
Profitability
14%Operating margin8%
1.63×EBIT margin trend (5Y)17.40×
36%Return on equity27%
5%Return on assets4%
Growth
10%Revenue growth (YoY)16%
3.7%Avg. growth/yr (3Y)12.3%
-1.7%Avg. growth/yr (5Y)12.4%
+16.1%Value creation/yr+29.8%
Balance & size
5.3×Interest coverage (EBIT/interest)4.7×
1.68×Debt / equity1.49×
$204BMarket cap$10B
weakGrowth qualityhealthy

Indra A leads: 7 to 9 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

International Business Machinesof which business quality 61 · market factors 35 Indra Aof which business quality 46 · market factors 66
ProfitabilityMargins and returns on capital today
59
46
Quality GrowthAre margins and returns improving?
68
29
CashflowEarnings quality: real cash, not paper profit
70
55
Fin. StrengthBalance sheet, leverage, solvency risk
39
26
InvestmentDisciplined investing over empire-building
66
33
Low VolatilityCalm price path (market factor)
54
45
MomentumPrice trend over the last 3–12 months (market factor)
27
66
52W MomentumDistance to the 52-week high (market factor)
25
90
Net IssuanceBuybacks instead of dilution
69
90

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyInternational Business MachinesPrice $235Indra APrice €59.30
DCF Models-27%below the price$170-25%below the price€44.26
Earnings-Based-64%below the price$84.63-66%below the price€20.27
Dividend Discount-67%below the price$76.30-93%below the price€4.10
Multiples-12%close to the price$206-21%below the price€46.98
Asset-Based-90%below the price$23.27-89%below the price€6.64
Growth DCF-47%below the price$125-43%below the price€33.86
Economic Profit-64%below the price$84.51-71%below the price€17.44
Growth Earnings+1%close to the price$237-21%below the price€47.03
Minimum-90%below the price$23.27-93%below the price€4.10
Maximum+1%close to the price$237-21%below the price€47.03
Median-55%below the price$105-54%below the price€27.07
Geometric mean-56%below the price$103-65%below the price€20.55

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

International Business Machines: 21 of 24 models see the stock below the current price.

Indra A: 23 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

International Business Machines
Bear $111Fair Value $176Bull $273
$235 = current price (white tick)
Indra A
Bear €21.13Fair Value €40.08Bull €66.41
€59.30 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

International Business Machines · Information Technology

Quality score67 · Top 25%
Fair value upside-25% · above median

Indra A · Information Technology

Quality score47 · below median
Fair value upside-32% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: International Business Machines trades at $235 versus a fair value of $176 (-25%), while Indra A trades at €59.30 versus €40.08 (-32%).

International Business Machines has the higher quality score (67/100).

See the full analysis →
International Business Machines · Indra A

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.