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STOCK COMPARISON

International Business Machines vs Macquarie Technology Group: Fair Value & Quality

Both stocks run through our valuation models. Here is how International Business Machines (IBM) and Macquarie Technology Group (MAQ) 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: International Business Machines trades at $233 versus a fair value of $188 (-19%), while Macquarie Technology Group trades at A$57.79 versus A$24.28 (-58%).
International Business Machines
IBM · USD · Information Technology
-19%
upside to fair value
overvalued
Price$233
Fair Value$188
Quality62/100
Macquarie Technology Group
MAQ.AU · AUD · Communication Services
-58%
upside to fair value
overvalued
PriceA$57.79
Fair ValueA$24.28
Quality38/100
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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

International Business MachinesMacquarie Technology Group
Valuation
27.6×P/E (TTM)45.1×
3.20×P/S (TTM)3.14×
6.76× · book value is mostly goodwillP/B2.45×
15.8×EV/EBITDA12.8×
2.71×PEG0.75×
−19.1%Fair value upside−58.0%
2.9%Dividend yieldn/a
$6.72Dividend per sharen/a
Profitability
14%Operating margin15%
1.63×EBIT margin trend (5Y)1.78×
36%Return on equity7%
5%Return on assets5%
Growth
10%Revenue growth (YoY)5%
3.7%Avg. growth/yr (3Y)6.1%
n/aAvg. growth/yr (5Y)6.8%
+16.1%Value creation/yr+15.6%
Balance & size
5.3×Interest coverage (EBIT/interest)4.9×
1.68×Debt / equity0.19×
$221BMarket cap$1B
healthyGrowth qualitymixed
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.

Macquarie Technology Group leads: 4 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.

International Business Machinesof which business quality 61 · market factors 34 Macquarie Technology Groupof which business quality 41 · market factors 38
ProfitabilityMargins and returns on capital today
59
36
Quality GrowthAre margins and returns improving?
68
45
CashflowEarnings quality: real cash, not paper profit
70
50
Fin. StrengthBalance sheet, leverage, solvency risk
39
65
InvestmentDisciplined investing over empire-building
66
14
Low VolatilityCalm price path (market factor)
53
75
MomentumPrice trend over the last 3–12 months (market factor)
30
23
52W MomentumDistance to the 52-week high (market factor)
21
23
Net IssuanceShare count: buybacks or dilution?
69
17

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 familyInternational Business MachinesPrice $233Macquarie Technology GroupPrice A$57.79
DCF Models-20%below the price$185n/a
Earnings-Based-64%below the price$84.63-80%below the priceA$11.30
Dividend Discount-67%below the price$76.30n/a
Multiples-12%close to the price$206-52%below the priceA$27.67
Asset-Based-90%below the price$23.27-78%below the priceA$12.66
Growth DCF-39%below the price$143n/a
Economic Profit-64%below the price$84.51-77%below the priceA$13.09
Growth Earnings+2%close to the price$237-58%below the priceA$24.28
Minimum-90%below the price$23.27-80%below the priceA$11.30
Maximum+2%close to the price$237-52%below the priceA$27.67
Median-51%below the price$114-77%below the priceA$13.09
Geometric mean-54%below the price$106-71%below the priceA$16.59

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%.

International Business Machines: 20 of 24 models see the stock below the current price.

Macquarie Technology Group: 13 of 13 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.

International Business Machines
Price $233
Fair Value $188
Bear $122Bull $273
Macquarie Technology Group
Price A$57.79
Fair Value A$24.28
Bear A$17.00Bull A$31.56

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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.

International Business Machines · Information Technology

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

Macquarie Technology Group · Communication Services

Quality score38 · bottom 25%
Fair value upside-58% · bottom 25%

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: International Business Machines trades at $233 versus a fair value of $188 (-19%), while Macquarie Technology Group trades at A$57.79 versus A$24.28 (-58%).

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

Open International Business Machines live analysis →

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