EN DE
STOCK COMPARISON

Al ELM Information Security Company CJSC vs International Business Machines: Fair Value & Quality

Both stocks run through our valuation models. Here is how Al ELM Information Security Company CJSC (7203) and International Business Machines (IBM) compare, as of Sep 4, 2026.

As of Sep 4, 2026, Fair Value Calculator sees Al ELM Information Security Company CJSC as the less overvalued of the two: Al ELM Information Security Company CJSC trades at SAR 614 versus a fair value of SAR 531 (-13%), while International Business Machines trades at $235 versus $176 (-25%).
Al ELM Information Security Company CJSC
7203.SR · SAR · Information Technology
-13%
upside to fair value
overvalued
PriceSAR 614
Fair ValueSAR 531
Quality75/100
International Business Machines
IBM · USD · Information Technology
-25%
upside to fair value
overvalued
Price$235
Fair Value$176
Quality67/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

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

Al ELM Information Security Company CJSCInternational Business Machines
Valuation
21.3×P/E (TTM)25.7×
1.39×P/S (TTM)2.96×
3.87×P/B6.25×
5.7×EV/EBITDA14.8×
PEG2.71×
−13.4%Fair value upside−25.1%
1.5%Dividend yield2.9%
SAR 9.00Dividend per share$6.72
Profitability
25%Operating margin14%
1.53×EBIT margin trend (5Y)1.63×
48%Return on equity36%
13%Return on assets5%
Growth
32%Revenue growth (YoY)10%
27.1%Avg. growth/yr (3Y)3.7%
30.9%Avg. growth/yr (5Y)-1.7%
+35.8%Value creation/yr+16.1%
Balance & size
15.7×Interest coverage (EBIT/interest)5.3×
0.42×Debt / equity1.68×
$14BMarket cap$204B
healthyGrowth qualityweak

Al ELM Information Security Company CJSC leads: 13 to 2 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.

Al ELM Information Security Company CJSCof which business quality 73 · market factors 42 International Business Machinesof which business quality 61 · market factors 35
ProfitabilityMargins and returns on capital today
79
59
Quality GrowthAre margins and returns improving?
40
68
CashflowEarnings quality: real cash, not paper profit
83
70
Fin. StrengthBalance sheet, leverage, solvency risk
72
39
InvestmentDisciplined investing over empire-building
54
66
Low VolatilityCalm price path (market factor)
77
54
MomentumPrice trend over the last 3–12 months (market factor)
35
27
52W MomentumDistance to the 52-week high (market factor)
14
25
Net IssuanceBuybacks instead of dilution
96
69

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 familyAl ELM Information Security Company CJSCPrice SAR 614International Business MachinesPrice $235
DCF Models+41%above the priceSAR 864-27%below the price$170
Earnings-Based+14%close to the priceSAR 701-64%below the price$84.63
Dividend Discount-76%below the priceSAR 149-67%below the price$76.30
Multiples-18%below the priceSAR 501-12%close to the price$206
Asset-Based-95%below the priceSAR 31.16-90%below the price$23.27
Growth DCF+25%above the priceSAR 766-47%below the price$125
Economic Profit-33%below the priceSAR 411-64%below the price$84.51
Growth Earnings+64%above the priceSAR 1,004+1%close to the price$237
Minimum-95%below the priceSAR 31.16-90%below the price$23.27
Maximum+64%above the priceSAR 1,004+1%close to the price$237
Median-2%close to the priceSAR 601-55%below the price$105
Geometric mean-38%below the priceSAR 381-56%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%.

Al ELM Information Security Company CJSC: 11 of 26 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.

Al ELM Information Security Company CJSC
Bear SAR 396Fair Value SAR 531Bull SAR 1,306
SAR 614 = current price (white tick)
International Business Machines
Bear $111Fair Value $176Bull $273
$235 = current price (white tick)

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.

Al ELM Information Security Company CJSC · Information Technology

Quality score75 · Top 25%
Fair value upside-13% · above median

International Business Machines · Information Technology

Quality score67 · Top 25%
Fair value upside-25% · above median

Bottom line

As of Sep 4, 2026, Fair Value Calculator sees Al ELM Information Security Company CJSC as the less overvalued of the two: Al ELM Information Security Company CJSC trades at SAR 614 versus a fair value of SAR 531 (-13%), while International Business Machines trades at $235 versus $176 (-25%).

Al ELM Information Security Company CJSC has the higher quality score (75/100).

See the full analysis →

More comparisons

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

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.