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STOCK COMPARISON

Korea Computer & Systems vs International Business Machines: Fair Value & Quality

Both stocks run through our valuation models. Here is how Korea Computer & Systems (115500) and International Business Machines (IBM) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: Korea Computer & Systems trades at KRW 10,080 versus a fair value of KRW 1,438 (-86%), while International Business Machines trades at $227 versus $187 (-18%).
Korea Computer & Systems
115500.KQ · KRW · Energy
-86%
upside to fair value
overvalued
PriceKRW 10,080
Fair ValueKRW 1,438
Quality60/100
International Business Machines
IBM · USD · Information Technology
-18%
upside to fair value
overvalued
Price$227
Fair Value$187
Quality63/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Korea Computer & SystemsInternational Business Machines
Valuation
n/aP/E (TTM)27.6×
n/aP/S (TTM)3.20×
n/aP/B6.76× · book value is mostly goodwill
n/aEV/EBITDA15.8×
n/aPEG2.71×
−85.7%Fair value upside−17.8%
1.8%Dividend yield2.9%
KRW 180Dividend per share$6.73
Profitability
5%Operating margin14%
1.02×EBIT margin trend (5Y)1.63×
15%Return on equity36%
5%Return on assets5%
Growth
27%Revenue growth (YoY)10%
-9.3%Avg. growth/yr (3Y)3.7%
-5.7%Avg. growth/yr (5Y)n/a
+0.6%Value creation/yr+16.1%
Balance & size
250.6×Interest coverage (EBIT/interest)5.3×
n/aDebt / equity1.68×
$89MMarket cap$221B
mixedGrowth qualityhealthy
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

International Business Machines leads: 1 to 7 metric wins.

n/a = 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.

Korea Computer & Systemsof which business quality 57 · market factors 30 International Business Machinesof which business quality 61 · market factors 33
ProfitabilityMargins and returns on capital today
52
59
Quality GrowthAre margins and returns improving?
37
68
CashflowEarnings quality: real cash, not paper profit
8
70
Fin. StrengthBalance sheet, leverage, solvency risk
89
39
InvestmentDisciplined investing over empire-building
96
66
Low VolatilityCalm price path (market factor)
15
52
MomentumPrice trend over the last 3–12 months (market factor)
40
29
52W MomentumDistance to the 52-week high (market factor)
32
18
Net IssuanceShare count: buybacks or dilution?
82
74

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 familyKorea Computer & SystemsPrice KRW 10,080International Business MachinesPrice $227
DCF Models-76%below the priceKRW 2,459-19%below the price$185
Earnings-Based-81%below the priceKRW 1,953-63%below the price$84.42
Dividend Discountn/a-66%below the price$76.12
Multiples-75%below the priceKRW 2,529-10%close to the price$205
Asset-Based-89%below the priceKRW 1,099-90%below the price$23.22
Growth DCFn/a-37%below the price$142
Economic Profit-85%below the priceKRW 1,471-63%below the price$84.30
Growth Earnings-77%below the priceKRW 2,273+4%close to the price$236
Minimum-89%below the priceKRW 1,099-90%below the price$23.22
Maximum-75%below the priceKRW 2,529+4%close to the price$236
Median-79%below the priceKRW 2,113-50%below the price$113
Geometric mean-81%below the priceKRW 1,883-53%below the price$106

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%.

Korea Computer & Systems: 13 of 13 models see the stock below the current price.

International Business Machines: 20 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Korea Computer & Systems
Price KRW 10,080
Fair Value KRW 1,438
Bear KRW 1,313Bull KRW 1,723
International Business Machines
Price $227
Fair Value $187
Bear $121Bull $272

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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.

Korea Computer & Systems · Energy

Quality score60 · Top 25%
Fair value upside-86% · bottom 25%

International Business Machines · Information Technology

Quality score63 · above median
Fair value upside-18% · above median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: Korea Computer & Systems trades at KRW 10,080 versus a fair value of KRW 1,438 (-86%), while International Business Machines trades at $227 versus $187 (-18%).

International Business Machines has the higher quality score (63/100).

Open International Business Machines live analysis →
Korea Computer & Systems · International Business Machines

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