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Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Ingram Micro Bilisim Sistemleri Anonim Sirketi stock TRY 66.31, price TRY 213, that is 68.9% below the price, quality 37 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Technology TR · ISIN TREARMD00010

IM Ingram Micro Bilisim Sistemleri Anonim Sirketi logo Some data Nov 9, 2026

Ingram Micro Bilisim Sistemleri Anonim Sirketi

INGRM · IS
Very expensive, weak quality

Our calculation puts a fair price 69% below what the stock costs today.

Revenue last quarter +83% vs. a year ago.
Expensive Growth (revenue 5y +54.4 %/yr in TRY)
Moderate debt
Some data
Fair value 66.31 TRY · Strongly overvalued
Quality 37/100
Loss-making · -0.5% net margin (FY2025)
Negative free cash flow
Trails peers (3/12)
Narrow moat 25/100
⚠ Small free float
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

1,240 TRY 47.35 TRY Fair Value 66.31 TRY Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

60‑month range 47.35 TRY – 1,240 TRY · fair‑value band 43.76 TRY – 82.88 TRY · the 212.90 TRY price screens above the 66.31 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.

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Company profile

Ingram Micro Bilisim Sistemleri Anonim Sirketi engages in the information technology business in Turkey and internationally. The company offers laptops, computers, servers, storage, virtualization, networking, IP PBX, video conferencing, and security products.

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It also provides artificial intelligence, cloud, collaboration, data center, data capture/POS, and professional solutions.

Ingram Micro Bilisim Sistemleri Anonim Sirketi was formerly known as Armada Bilgisayar Sistemleri Sanayi ve Ticaret A.S. The company was incorporated in 1993 and is based in Istanbul, Turkey. Ingram Micro Bilisim Sistemleri Anonim Sirketi is a subsidiary of Aptec Holdings Ltd.

Stock analysis

Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM) currently trades at 212.90 TRY, while our model-based Fair Value estimate is 66.31 TRY, 69% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 307.01 TRY per share, and 2 of the 6 models we run sit above the 212.90 TRY price.

Bear case: the Earnings-Based group reads lowest at 32.63 TRY, and 4 of the 6 models stay below the price. Data coverage for this calculation is medium.

Scenario range: 43.76 TRY (bear) to 82.88 TRY (bull), the price of 212.90 TRY sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 37/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Ingram Micro Bilisim Sistemleri Anonim Sirketi reported revenue of 27.2B TRY in FY2025 versus 4.8B TRY in FY2021, a compound +54.5%/yr. Reported net income was −143M TRY in FY2025.

Key figures

Market cap 5.1B TRY (≈ $102M) Micro · P/S ratio 0.14 · EPS (TTM) 0.0400 TRY · Net margin −0.5% · Return on equity −0.5% · Return on assets (EBIT) 4.5% (5-year average) · Operating margin 2.7% · Revenue (TTM) 33.4B TRY.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 25 out of 100 (medium confidence).

What moves the price

The share trades about 59% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at −69%, INGRM screens richer than that median.

Fair Value models

Bear 43.76 TRY Fair Value 66.31 TRY Bull 82.88 TRY
Price 212.90 TRY · Downside -68.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.0345 TRY per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EPV 21.70 TRY 32.63 TRY 41.16 TRY 71
ROIC Compounder 21.70 TRY 32.63 TRY 41.16 TRY 71
EV/EBITDA 181.31 TRY 307.01 TRY 432.70 TRY 65
All 6 models by family
Earnings-Based
EPV 21.70 TRY 32.63 TRY 41.16 TRY 71
Multiples
EV/EBIT 258.67 TRY 410.15 TRY 561.64 TRY 64
EV/EBITDA 181.31 TRY 307.01 TRY 432.70 TRY 65
EV/Revenue 33.98 TRY 132.44 TRY 230.90 TRY 49
Asset-Based
NCAV (Graham) 43.76 TRY 66.31 TRY 82.88 TRY 54
Economic Profit
ROIC Compounder 21.70 TRY 32.63 TRY 41.16 TRY 71

Open the full fair value analysis →

Quality Score breakdown

Overall quality 37/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 29
How much profit the company makes from its sales and capital
Quality Growth 43
Are margins and returns getting better?
Cashflow 37
Do the profits arrive as real cash?
Financial strength 16
Debt, balance sheet and risk of trouble
Investment 33
Does it invest with discipline instead of growing at any price?
Low Volatility 55
How calm the share price moves, does not count
Price momentum 4
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 5
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+27.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+38.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+54.4%
Start year 2020 (pandemic)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

INGRM screens overvalued: fair value 69% below the price. Compare with TD SYNNEX Corporation →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electronics & Computer Distribution · 155 stocks

Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside −68.9% · Bottom 25%
Profitability
Return on assets −0.9% · Bottom 25%
Net margin (12 months) −0.5% · Bottom 25%
Operating margin (12 months) 2.7% · Below median
Growth and dividend
Revenue growth (quarter YoY) 82.5% · Top 25%
Balance sheet
Debt / equity 1.23× · Highest 25%

Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper

P/B 2.63× · Priciest 25%
P/S (12 months) 0.15× · Cheapest 25%
EV/EBITDA 8.0× · Pricier than median
PEG 1.05× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 35
FUTURE (revenue growth)100 · sector 67
PAST (return on equity)0 · sector 41
HEALTH (low debt)39 · sector 98
DIVIDEND (yield)0 · sector 64

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
WPG Holdings 3702 92.50 TWD 144.03 TWD +56% vs INGRM
TD SYNNEX Corporation SNX $232.50 $290.49 +25% vs INGRM
Synnex Technology International Corporation 2347 79.10 TWD 86.30 TWD +9% vs INGRM
Topco Scientific Co 5434 503.00 TWD 472.85 TWD −6% vs INGRM
Rexel S.A RXL €36.06 €31.78 −12% vs INGRM
Insight Enterprises, Inc NSIT $168.75 $142.01 −16% vs INGRM
Unisplendour Corporation 000938 ¥24.87 ¥18.06 −27% vs INGRM
Avnet, Inc AVT $85.10 $59.89 −30% vs INGRM
Arrow Electronics, Inc ARW $194.14 $96.88 −50% vs INGRM
Shenzhen Huaqiang Industry Co 000062 ¥19.70 ¥9.23 −53% vs INGRM

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Ingram Micro Bilisim Sistemleri Anonim Sirketi: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Ingram Micro Bilisim Sistemleri Anonim Sirketi Fair Value". https://www.fairvalue-calculator.com/stock/INGRM

Frequently asked questions

Is Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 66.31 TRY versus a price of 212.90 TRY, about 69% lower (overvalued).
What is the fair value of INGRM?
Our model-based fair value for Ingram Micro Bilisim Sistemleri Anonim Sirketi is 66.31 TRY (as of Nov 9, 2026), built from audited fundamentals. The current price: 212.90 TRY.
What is the quality score of INGRM?
Ingram Micro Bilisim Sistemleri Anonim Sirketi has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
Our model-based price target is the fair value of 66.31 TRY (as of Nov 9, 2026) from 6 valuation models. Cautious scenario 43.76 TRY, optimistic scenario 82.88 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Ingram Micro Bilisim Sistemleri Anonim Sirketi stock forecast for 2026?
Our models put fair value at 66.31 TRY, about 69% lower versus a price of 212.90 TRY (overvalued). Cautious scenario 43.76 TRY, optimistic scenario 82.88 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
Ingram Micro Bilisim Sistemleri Anonim Sirketi reported trailing-twelve-month revenue of about 33.4B TRY (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ingram Micro Bilisim Sistemleri Anonim Sirketi it is 66.31 TRY per share (as of Nov 9, 2026), against a price of 212.90 TRY. It is the blended result of 6 valuation models in 4 families (Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is Ingram Micro Bilisim Sistemleri Anonim Sirketi stock overvalued or undervalued in 2026?
As of Nov 9, 2026, INGRM trades above its calculated fair value: price 212.90 TRY, fair value 66.31 TRY, a gap of about −69% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of INGRM?
No. The price is what the market pays today (212.90 TRY); the fair value is what the company's own numbers justify (66.31 TRY). For Ingram Micro Bilisim Sistemleri Anonim Sirketi the two are 146.59 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Ingram Micro Bilisim Sistemleri Anonim Sirketi worth?
The market values Ingram Micro Bilisim Sistemleri Anonim Sirketi at about 5.1B TRY (market capitalisation, as of Nov 9, 2026). Per share that is 212.90 TRY; our models calculate a fair value of 66.31 TRY per share.
What do the bullish and bearish scenarios say about INGRM?
Our models span a range for Ingram Micro Bilisim Sistemleri Anonim Sirketi: cautious scenario 43.76 TRY, base 66.31 TRY, optimistic 82.88 TRY per share (as of Nov 9, 2026, price 212.90 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of INGRM?
The PEG ratio of Ingram Micro Bilisim Sistemleri Anonim Sirketi is 1.05 (P/E divided by earnings growth, as of Nov 9, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
Balance-sheet figures for Ingram Micro Bilisim Sistemleri Anonim Sirketi (as of Nov 9, 2026): return on equity −0.5%, debt of 1.23 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is INGRM from its 52-week high?
Ingram Micro Bilisim Sistemleri Anonim Sirketi trades at 212.90 TRY, about 59% below its 52-week high of 517.00 TRY and 18% above the low of 180.90 TRY (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 66.31 TRY is for.
Which stocks are comparable to Ingram Micro Bilisim Sistemleri Anonim Sirketi?
From the same area (Technology) we also value TD SYNNEX Corporation, Rexel S.A, Unisplendour Corporation, Arrow Electronics, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ingram Micro Bilisim Sistemleri Anonim Sirketi stock attractive at the current price?
The data as of Nov 9, 2026: price 212.90 TRY, calculated fair value 66.31 TRY (−69%), Quality Score 37/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of INGRM calculated?
We run Ingram Micro Bilisim Sistemleri Anonim Sirketi through 6 models from 4 families: Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 66.31 TRY builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Ingram Micro Bilisim Sistemleri Anonim Sirketi itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
The closing price on Nov 10, 2026 was 212.90 TRY. Our model-based fair value is 66.31 TRY, about 69% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ingram Micro Bilisim Sistemleri Anonim Sirketi right now?
The price sits above even our optimistic bull case (82.88 TRY). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (43.76 TRY to 82.88 TRY) leaves room in how you read the outcome.

Key figures of Ingram Micro Bilisim Sistemleri Anonim Sirketi

How large is the market capitalisation of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
The market capitalisation of Ingram Micro Bilisim Sistemleri Anonim Sirketi is 5.1B TRY (≈ $102M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
The price-to-sales ratio of Ingram Micro Bilisim Sistemleri Anonim Sirketi is 0.14 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
Earnings per share at Ingram Micro Bilisim Sistemleri Anonim Sirketi are 0.0400 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
The net margin of Ingram Micro Bilisim Sistemleri Anonim Sirketi is −0.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
The return on equity (ROE) of Ingram Micro Bilisim Sistemleri Anonim Sirketi is −0.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
On an EBIT basis the return on assets of Ingram Micro Bilisim Sistemleri Anonim Sirketi is 4.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
The operating margin of Ingram Micro Bilisim Sistemleri Anonim Sirketi is 2.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
Revenue at Ingram Micro Bilisim Sistemleri Anonim Sirketi is growing +82.5% versus a year earlier (3y avg +38.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
Earnings per share at Ingram Micro Bilisim Sistemleri Anonim Sirketi are growing −11.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM) generate?
The free cash flow of Ingram Micro Bilisim Sistemleri Anonim Sirketi is −940M TRY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM) carry?
The net debt of Ingram Micro Bilisim Sistemleri Anonim Sirketi is 4.7B TRY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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