Is Shanghai New Centurion Network Information Technology Co or International Business Machines more undervalued?

As of Sep 4, 2026, Shanghai New Centurion Network Information Technology Co is at -89% to fair value and International Business Machines at -25%. International Business Machines is the less overvalued of the two. Model-based estimate, not financial advice.

STOCK COMPARISON

Shanghai New Centurion Network Information Technology Co vs International Business Machines: Fair Value & Quality

Q: Which has higher quality, Shanghai New Centurion Network Information Technology Co or International Business Machines?

Shanghai New Centurion Network Information Technology Co has a quality score of 64/100 and International Business Machines 67/100. International Business Machines leads on quality.

Both stocks run through our valuation models. Here is how Shanghai New Centurion Network Information Technology Co (605398) and International Business Machines (IBM) compare, as of Sep 4, 2026.

As of Sep 4, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: Shanghai New Centurion Network Information Technology Co trades at ¥24.24 versus a fair value of ¥2.78 (-89%), while International Business Machines trades at $235 versus $176 (-25%).

Shanghai New Centurion Network Information Technology Co

605398.SHG · CNY · Information Technology

-89%

upside to fair value

overvalued

Price¥24.24

Fair Value¥2.78

Quality64/100

International Business Machines

IBM · USD · Information Technology

-25%

upside to fair value

overvalued

Price$235

Fair Value$176

Quality67/100

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Head-to-head numbers

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

Shanghai New Centurion Network Information Technology CoInternational Business Machines

Valuation

233.4×P/E (TTM)25.7×

6.24×P/S (TTM)2.96×

3.30×P/B6.25×

—EV/EBITDA14.8×

—PEG2.71×

−88.5%Fair value upside−25.1%

0.1%Dividend yield2.9%

¥0.03Dividend per share$6.72

Profitability

3%Operating margin14%

0.07×EBIT margin trend (5Y)1.63×

1%Return on equity36%

1%Return on assets5%

Growth

1%Revenue growth (YoY)10%

-3.8%Avg. growth/yr (3Y)3.7%

-0.5%Avg. growth/yr (5Y)-1.7%

−35.0%Value creation/yr+16.1%

Balance & size

22.1×Interest coverage (EBIT/interest)5.3×

—Debt / equity1.68×

$510MMarket cap$204B

weakGrowth qualityweak

International Business Machines leads: 3 to 9 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.

Shanghai New Centurion Network Information Technology Coof which business quality 67 · market factors 31 International Business Machinesof which business quality 61 · market factors 35

ProfitabilityMargins and returns on capital today

Quality GrowthAre margins and returns improving?

CashflowEarnings quality: real cash, not paper profit

Fin. StrengthBalance sheet, leverage, solvency risk

100

InvestmentDisciplined investing over empire-building

Low VolatilityCalm price path (market factor)

MomentumPrice trend over the last 3–12 months (market factor)

52W MomentumDistance to the 52-week high (market factor)

Net IssuanceBuybacks instead of dilution

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 family	Shanghai New Centurion Network Information Technology CoPrice ¥24.24	International Business MachinesPrice $235
DCF Models	-53%below the price¥11.29	-27%below the price$170
Earnings-Based	-85%below the price¥3.72	-64%below the price$84.63
Dividend Discount	-99%below the price¥0.18	-67%below the price$76.30
Multiples	-81%below the price¥4.61	-12%close to the price$206
Asset-Based	-82%below the price¥4.27	-90%below the price$23.27
Growth DCF	-45%below the price¥13.33	-47%below the price$125
Economic Profit	-79%below the price¥5.09	-64%below the price$84.51
Growth Earnings	-91%below the price¥2.11	+1%close to the price$237
Minimum	-99%below the price¥0.18	-90%below the price$23.27
Maximum	-45%below the price¥13.33	+1%close to the price$237
Median	-82%below the price¥4.44	-55%below the price$105
Geometric mean	-86%below the price¥3.47	-56%below the price$103

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%.

Shanghai New Centurion Network Information Technology Co: 24 of 24 models see the stock below the current price.

International Business Machines: 21 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.

Shanghai New Centurion Network Information Technology Co

Bear ¥2.08Fair Value ¥2.78Bull ¥3.47

¥24.24 = current price (white tick)

International Business Machines

Bear $111Fair Value $176Bull $273

$235 = 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.

Shanghai New Centurion Network Information Technology Co · Information Technology

Quality score64 · Top 25%

Fair value upside-89% · bottom 25%

International Business Machines · Information Technology

Quality score67 · Top 25%

Fair value upside-25% · above median

Bottom line

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

See the full analysis →

Shanghai New Centurion Network Information Technology Co · 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.