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STOCK COMPARISON

Fortune Information Systems vs International Business Machines: Fair Value & Quality

Both stocks run through our valuation models. Here is how Fortune Information Systems (2468) and International Business Machines (IBM) compare, as of Aug 11, 2026.

As of Aug 11, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: Fortune Information Systems trades at TWD 34.95 versus a fair value of TWD 16.11 (-54%), while International Business Machines trades at $237 versus $144 (-39%).
Fortune Information Systems
2468.TW · TWD · Information Technology
-54%
upside to fair value
overvalued
PriceTWD 34.95
Fair ValueTWD 16.11
Quality58/100
International Business Machines
IBM · USD · Information Technology
-39%
upside to fair value
overvalued
Price$237
Fair Value$144
Quality67/100

Head-to-head numbers

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

Fortune Information SystemsInternational Business Machines
Valuation
28.1×P/E (TTM)25.7×
0.97×P/S (TTM)2.96×
1.93×P/B6.25×
22.8×EV/EBITDA14.8×
PEG2.71×
2.9%Dividend yield2.3%
TWD 1.00Dividend per share$6.72
Profitability
4%Net margin16%
3%Operating margin14%
7%Return on equity36%
2%Return on assets5%
Growth
-20%Revenue growth (YoY)10%
5.9%Avg. growth/yr (3Y)3.7%
4.5%Avg. growth/yr (5Y)-1.7%
Balance & size
0.02×Debt / equity1.68×
$76MMarket cap$204B
expensiveGrowth qualityweak

International Business Machines leads: 6 to 7 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.

Fortune Information Systemsof which business quality 55 · market factors 31 International Business Machinesof which business quality 61 · market factors 41
ProfitabilityMargins and returns on capital today
40
59
Quality GrowthAre margins and returns improving?
62
68
CashflowEarnings quality: real cash, not paper profit
0
70
Fin. StrengthBalance sheet, leverage, solvency risk
83
39
InvestmentDisciplined investing over empire-building
91
66
Low VolatilityCalm price path (market factor)
62
54
MomentumPrice trend over the last 3–12 months (market factor)
26
42
52W MomentumDistance to the 52-week high (market factor)
5
26
Net IssuanceBuybacks instead of dilution
84
69

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Fortune Information Systems

DCF ModelsTWD 22.36
Earnings-BasedTWD 14.06
Dividend DiscountTWD 10.14
MultiplesTWD 21.85
Asset-BasedTWD 12.21
Economic ProfitTWD 14.51
Growth EarningsTWD 18.96

15 of 15 models see the stock below the current price.

International Business Machines

DCF Models$137
Earnings-Based$84.63
Dividend Discount$76.30
Multiples$161
Asset-Based$23.27
Growth DCF$125
Economic Profit$84.51
Growth Earnings$171

24 of 24 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.

Fortune Information Systems
Bear TWD 13.34Fair Value TWD 16.11Bull TWD 21.09
TWD 34.95 = current price (white tick)
International Business Machines
Bear $89.31Fair Value $144Bull $208
$237 = 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.

Fortune Information Systems · Information Technology

Quality score58 · above median
Fair value upside-54% · below median

International Business Machines · Information Technology

Quality score67 · Top 25%
Fair value upside-39% · below median

Bottom line

As of Aug 11, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: Fortune Information Systems trades at TWD 34.95 versus a fair value of TWD 16.11 (-54%), while International Business Machines trades at $237 versus $144 (-39%).

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

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.