EN DE
STOCK COMPARISON

GDS Holdings vs International Business Machines: Fair Value & Quality

Both stocks run through our valuation models. Here is how GDS Holdings (GDS) and International Business Machines (IBM) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: GDS Holdings trades at $33.11 versus a fair value of $12.98 (-61%), while International Business Machines trades at $233 versus $188 (-19%).
GDS Holdings
GDS · USD · Industrials
-61%
upside to fair value
overvalued
Price$33.11
Fair Value$12.98
Quality39/100
International Business Machines
IBM · USD · Information Technology
-19%
upside to fair value
overvalued
Price$233
Fair Value$188
Quality62/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

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

GDS HoldingsInternational Business Machines
Valuation
18.8×P/E (TTM)27.6×
3.78×P/S (TTM)3.20×
1.70×P/B6.76× · book value is mostly goodwill
12.2×EV/EBITDA15.8×
1.05×PEG2.71×
−60.8%Fair value upside−19.1%
0.8%Dividend yield2.9%
n/aDividend per share$6.72
Profitability
27%Operating margin14%
1.15×EBIT margin trend (5Y)1.63×
10%Return on equity36%
2%Return on assets5%
Growth
24%Revenue growth (YoY)10%
7.0%Avg. growth/yr (3Y)3.7%
14.8%Avg. growth/yr (5Y)n/a
n/aValue creation/yr+16.1%
Balance & size
0.9×Interest coverage (EBIT/interest)5.3×
1.32×Debt / equity1.68×
$7BMarket cap$221B
expensiveGrowth qualityhealthy
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

International Business Machines leads: 4 to 6 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.

GDS Holdingsof which business quality 37 · market factors 32 International Business Machinesof which business quality 61 · market factors 34
ProfitabilityMargins and returns on capital today
20
59
Quality GrowthAre margins and returns improving?
56
68
CashflowEarnings quality: real cash, not paper profit
50
70
Fin. StrengthBalance sheet, leverage, solvency risk
27
39
InvestmentDisciplined investing over empire-building
57
66
Low VolatilityCalm price path (market factor)
54
53
MomentumPrice trend over the last 3–12 months (market factor)
25
30
52W MomentumDistance to the 52-week high (market factor)
18
21
Net IssuanceShare count: buybacks or dilution?
21
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 familyGDS HoldingsPrice $33.11International Business MachinesPrice $233
DCF Modelsn/a-20%below the price$185
Earnings-Based+239%above the price$112-64%below the price$84.63
Dividend Discount-87%below the price$4.41-67%below the price$76.30
Multiples+150%above the price$82.82-12%close to the price$206
Asset-Based+179%above the price$92.31-90%below the price$23.27
Growth DCFn/a-39%below the price$143
Economic Profit+189%above the price$95.70-64%below the price$84.51
Growth Earnings+345%above the price$147+2%close to the price$237
Minimum-87%below the price$4.41-90%below the price$23.27
Maximum+345%above the price$147+2%close to the price$237
Median+184%above the price$94.01-51%below the price$114
Geometric mean+85%above the price$61.35-54%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%.

GDS Holdings: 3 of 13 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.

GDS Holdings
Price $33.11
Fair Value $12.98
Bear $12.98Bull $16.23
International Business Machines
Price $233
Fair Value $188
Bear $122Bull $273

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.

GDS Holdings · Industrials

Quality score39 · bottom 25%
Fair value upside-61% · bottom 25%

International Business Machines · Information Technology

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

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: GDS Holdings trades at $33.11 versus a fair value of $12.98 (-61%), 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 →
GDS Holdings · International Business Machines

More comparisons

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

Related to GDS Holdings

Microsoft vs NvidiaApple vs MicrosoftNvidia vs Taiwan Semiconductor ManufacturingApple vs Taiwan Semiconductor Manufacturing

Related to International Business Machines

Cisco Systems vs NvidiaMicrosoft vs Taiwan Semiconductor ManufacturingApple vs Cisco SystemsBroadcom vs Microsoft
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.