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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 Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: Fortune Information Systems trades at TWD 46.25 versus a fair value of TWD 11.73 (-75%), while International Business Machines trades at $233 versus $188 (-19%).
Fortune Information Systems
2468.TW · TWD · Information Technology
-75%
upside to fair value
overvalued
PriceTWD 46.25
Fair ValueTWD 11.73
Quality58/100
International Business Machines
IBM · USD · Information Technology
-19%
upside to fair value
overvalued
Price$233
Fair Value$188
Quality62/100
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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

Fortune Information SystemsInternational Business Machines
Valuation
37.0×P/E (TTM)27.6×
1.27×P/S (TTM)3.20×
2.54×P/B6.76× · book value is mostly goodwill
30.9×EV/EBITDA15.8×
n/aPEG2.71×
−74.6%Fair value upside−19.1%
2.2%Dividend yield2.9%
TWD 1.00Dividend per share$6.73
Profitability
3%Operating margin14%
1.45×EBIT margin trend (5Y)1.63×
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)n/a
+16.7%Value creation/yr+16.1%
Balance & size
12.2×Interest coverage (EBIT/interest)5.3×
0.02×Debt / equity1.68×
$102MMarket cap$221B
expensiveGrowth qualityhealthy

International Business Machines leads: 5 to 8 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.

Fortune Information Systemsof which business quality 55 · market factors 49 International Business Machinesof which business quality 61 · market factors 33
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)
60
52
MomentumPrice trend over the last 3–12 months (market factor)
47
29
52W MomentumDistance to the 52-week high (market factor)
39
18
Net IssuanceShare count: buybacks or dilution?
84
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 familyFortune Information SystemsPrice TWD 46.25International Business MachinesPrice $233
DCF Models-61%below the priceTWD 17.83-21%below the price$185
Earnings-Based-72%below the priceTWD 12.87-64%below the price$84.42
Dividend Discount-84%below the priceTWD 7.59-67%below the price$76.12
Multiples-45%below the priceTWD 25.45-12%close to the price$205
Asset-Based-74%below the priceTWD 12.21-90%below the price$23.22
Growth DCFn/a-39%below the price$142
Economic Profit-73%below the priceTWD 12.50-64%below the price$84.30
Growth Earnings-43%below the priceTWD 26.25+1%close to the price$236
Minimum-84%below the priceTWD 7.59-90%below the price$23.22
Maximum-43%below the priceTWD 26.25+1%close to the price$236
Median-72%below the priceTWD 12.87-51%below the price$113
Geometric mean-67%below the priceTWD 15.08-54%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%.

Fortune Information Systems: 15 of 15 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.

Fortune Information Systems
Price TWD 46.25
Fair Value TWD 11.73
Bear TWD 10.83Bull TWD 14.38
International Business Machines
Price $233
Fair Value $188
Bear $122Bull $273

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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-75% · bottom 25%

International Business Machines · Information Technology

Quality score62 · above median
Fair value upside-19% · above median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: Fortune Information Systems trades at TWD 46.25 versus a fair value of TWD 11.73 (-75%), while International Business Machines trades at $233 versus $188 (-19%).

International Business Machines has the higher quality score (62/100).

Open International Business Machines live analysis →

More comparisons

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