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STOCK COMPARISON

Datatec vs International Business Machines: Fair Value & Quality

Both stocks run through our valuation models. Here is how Datatec (DTC) and International Business Machines (IBM) compare, as of Oct 4, 2026.

As of Oct 4, 2026, Fair Value Calculator sees Datatec as the less overvalued of the two: Datatec trades at ZAR 83.74 versus a fair value of ZAR 72.63 (−13.3%), while International Business Machines trades at $223 versus $187 (−16.2%).
Datatec
DTC.JSE · ZAC · Information Technology
−13.3%
upside to fair value
overvalued
PriceZAR 83.74
Fair ValueZAR 72.63
Quality52/100
International Business Machines
IBM · USD · Information Technology
−16.2%
upside to fair value
overvalued
Price$223
Fair Value$187
Quality63/100
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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

DatatecInternational Business Machines
Valuation
13.3×P/E (TTM)19.6×
11.8×P/E ex one-offs19.2×
n/aForward P/E (FY2027)16.9×
n/aMedian P/E at FY-end (5 FY, ex one-offs where documented)25.6×
0.33×P/S (TTM)3.07×
2.23×P/B6.50× · book value is mostly goodwill
2.2×EV/EBITDA15.4×
n/aPEG2.19×
−13.3%Fair value upside−16.2%
0.3%Dividend yield3.0%
ZAR 0.24Dividend per share$6.73
Profitability
6.4%Operating margin16.6%
5.00×EBIT margin trend (5Y)1.63×
17.9%Return on equity34.5%
3.3%Return on assets5.3%
Growth
3.8%Revenue growth (YoY)1.1%
n/aAvg. growth/yr (3Y)3.7%
+40.0%Value creation/yr+16.2%
Balance & size
3.4×Interest coverage (EBIT/interest)5.3×
0.05×Debt / equity1.68×
$1BMarket cap$212B
mixedGrowth qualityhealthy
The P/E excluding one-off items is only shown where the special items are documented in the accounts (our own raw data or SEC filings). If one side lacks it, the reported P/E stays scored.
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.

Datatec leads: 7 to 5 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.

Datatecof which business quality 50 · market factors 68 International Business Machinesof which business quality 61 · market factors 28
ProfitabilityMargins and returns on capital today
42
59
Quality GrowthAre margins and returns improving?
42
68
CashflowEarnings quality: real cash, not paper profit
42
70
Fin. StrengthBalance sheet, leverage, solvency risk
43
39
InvestmentDisciplined investing over empire-building
78
66
Low VolatilityCalm price path (market factor)
81
52
MomentumPrice trend over the last 3–12 months (market factor)
58
20
52W MomentumDistance to the 52-week high (market factor)
70
13
Net IssuanceShare count: buybacks or dilution?
69
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 familyDatatecPrice ZAR 83.74International Business MachinesPrice $223
DCF Models+120.9%above the priceZAR 185−17.1%below the price$185
Earnings-Based+30.8%above the priceZAR 110−62.1%below the price$84.42
Dividend Discount−84.0%below the priceZAR 13.42−65.8%below the price$76.12
Multiples+150.1%above the priceZAR 209−7.8%close to the price$205
Asset-Based−70.3%below the priceZAR 24.83−89.6%below the price$23.22
Growth DCF+112.0%above the priceZAR 178−36.1%below the price$142
Economic Profit+15.8%above the priceZAR 96.96−66.8%below the price$74.02
Growth Earnings+57.7%above the priceZAR 132+6.0%close to the price$236
Minimum−84.0%below the priceZAR 13.42−89.6%below the price$23.22
Maximum+150.1%above the priceZAR 209+6.0%close to the price$236
Median+44.3%above the priceZAR 121−49.1%below the price$113
Geometric mean+3.6%close to the priceZAR 86.78−53.1%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%.

Datatec: 5 of 24 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.

Datatec
Price ZAR 83.74
Fair Value ZAR 72.63
Bear ZAR 58.84Bull ZAR 94.43
International Business Machines
Price $223
Fair Value $187
Bear $121Bull $266

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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.

Datatec · Information Technology

Quality score52 · below median
Fair value upside−13.3% · above median

International Business Machines · Information Technology

Quality score63 · above median
Fair value upside−16.2% · above median

Bottom line

As of Oct 4, 2026, Fair Value Calculator sees Datatec as the less overvalued of the two: Datatec trades at ZAR 83.74 versus a fair value of ZAR 72.63 (−13.3%), while International Business Machines trades at $223 versus $187 (−16.2%).

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

Open Datatec live analysis →
Datatec · 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.