EN DE
STOCK COMPARISON

Boardware Intelligence Tech vs International Business Machines: Fair Value & Quality

Both stocks run through our valuation models. Here is how Boardware Intelligence Tech (1204) and International Business Machines (IBM) compare, as of Sep 30, 2026.

As of Sep 30, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: Boardware Intelligence Tech trades at HK$1.70 versus a fair value of HK$0.39 (−77.1%), while International Business Machines trades at $220 versus $187 (−15.2%).
Boardware Intelligence Tech
1204.HK · HKD · Information Technology
−77.1%
upside to fair value
overvalued
PriceHK$1.70
Fair ValueHK$0.39
Quality57/100
International Business Machines
IBM · USD · Information Technology
−15.2%
upside to fair value
overvalued
Price$220
Fair Value$187
Quality63/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

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

Boardware Intelligence TechInternational Business Machines
Valuation
107.0×P/E (TTM)19.4×
n/aForward P/E (FY2027)16.7×
n/aMedian P/E at FY-end (5 FY, ex one-offs where documented)25.6×
1.46×P/S (TTM)3.03×
3.10×P/B6.42× · book value is mostly goodwill
n/aEV/EBITDA15.2×
n/aPEG2.19×
−77.1%Fair value upside−15.2%
n/aDividend yield3.1%
n/aDividend per share$6.73
Profitability
0.0%Operating margin16.6%
n/aEBIT margin trend (5Y)1.63×
2.4%Return on equity34.5%
-0.3%Return on assets5.3%
Growth
25.0%Revenue growth (YoY)1.1%
8.1%Avg. growth/yr (3Y)3.7%
9.1%Avg. growth/yr (5Y)n/a
−45.9%Value creation/yr+16.3%
Balance & size
n/aInterest coverage (EBIT/interest)5.3×
0.02×Debt / equity1.68×
$136MMarket cap$210B
expensiveGrowth qualityhealthy
International Business Machines, median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings, FY2023, FY2024, FY2025 ex one-offs: 25.6.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

International Business Machines leads: 3 to 6 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.

Boardware Intelligence Techof which business quality 58 · market factors 39 International Business Machinesof which business quality 61 · market factors 29
ProfitabilityMargins and returns on capital today
36
59
Quality GrowthAre margins and returns improving?
57
68
CashflowEarnings quality: real cash, not paper profit
29
70
Fin. StrengthBalance sheet, leverage, solvency risk
80
39
InvestmentDisciplined investing over empire-building
81
66
Low VolatilityCalm price path (market factor)
50
52
MomentumPrice trend over the last 3–12 months (market factor)
37
24
52W MomentumDistance to the 52-week high (market factor)
30
12
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 familyBoardware Intelligence TechPrice HK$1.70International Business MachinesPrice $220
DCF Modelsn/a−16.1%below the price$185
Earnings-Based−91.2%below the priceHK$0.15−61.6%below the price$84.42
Dividend Discountn/a−65.4%below the price$76.12
Multiples−78.2%below the priceHK$0.37−6.7%close to the price$205
Asset-Based−72.9%below the priceHK$0.46−89.4%below the price$23.22
Growth DCFn/a−35.3%below the price$142
Economic Profit−76.5%below the priceHK$0.40−66.4%below the price$74.02
Growth Earnings−80.6%below the priceHK$0.33+7.3%close to the price$236
Minimum−91.2%below the priceHK$0.15−89.4%below the price$23.22
Maximum−72.9%below the priceHK$0.46+7.3%close to the price$236
Median−78.2%below the priceHK$0.37−48.5%below the price$113
Geometric mean−81.2%below the priceHK$0.32−52.6%below the price$104

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%.

Boardware Intelligence Tech: 10 of 10 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.

Boardware Intelligence Tech
Price HK$1.70
Fair Value HK$0.39
Bear HK$0.34Bull HK$0.43
International Business Machines
Price $220
Fair Value $187
Bear $121Bull $266

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

Ranked within their sector

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

Boardware Intelligence Tech · Information Technology

Quality score57 · above median
Fair value upside−77.1% · bottom 25%

International Business Machines · Information Technology

Quality score63 · above median
Fair value upside−15.2% · above median

Bottom line

As of Sep 30, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: Boardware Intelligence Tech trades at HK$1.70 versus a fair value of HK$0.39 (−77.1%), while International Business Machines trades at $220 versus $187 (−15.2%).

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

Open International Business Machines live analysis →
Boardware Intelligence Tech · International Business Machines

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Related to Boardware Intelligence Tech

Microsoft vs NvidiaApple vs MicrosoftNvidia vs Taiwan Semiconductor ManufacturingApple vs Taiwan Semiconductor Manufacturing

Related to International Business Machines

Microsoft vs Taiwan Semiconductor ManufacturingBroadcom vs MicrosoftMicrosoft vs Micron TechnologyAdvanced Micro Devices vs Microsoft
Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

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