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STOCK COMPARISON

International Business Machines vs Multipolar Technology Tbk: Fair Value & Quality

Both stocks run through our valuation models. Here is how International Business Machines (IBM) and Multipolar Technology Tbk (MLPT) compare, as of Oct 3, 2026.

As of Oct 3, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: International Business Machines trades at $223 versus a fair value of $187 (−16.2%), while Multipolar Technology Tbk trades at IDR 945 versus IDR 396 (−58.1%).
International Business Machines
IBM · USD · Information Technology
−16.2%
upside to fair value
overvalued
Price$223
Fair Value$187
Quality63/100
Multipolar Technology Tbk
MLPT.JK · IDR · Information Technology
−58.1%
upside to fair value
overvalued
PriceIDR 945
Fair ValueIDR 396
Quality66/100
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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 MachinesMultipolar Technology Tbk
Valuation
19.9×P/E (TTM)128.2×
16.9×Forward P/E (FY2027)n/a
25.6×Median P/E at FY-end (5 FY, ex one-offs where documented)n/a
3.11×P/S (TTM)n/a
6.58× · book value is mostly goodwillP/Bn/a
15.6×EV/EBITDAn/a
2.19×PEGn/a
−16.2%Fair value upside−58.1%
3.0%Dividend yield0.7%
$6.73Dividend per sharen/a
Profitability
16.6%Operating margin4.9%
1.63×EBIT margin trend (5Y)1.20×
34.5%Return on equity39.6%
5.3%Return on assets6.2%
Growth
1.1%Revenue growth (YoY)6.4%
3.7%Avg. growth/yr (3Y)3.7%
n/aAvg. growth/yr (5Y)7.4%
+16.2%Value creation/yr+15.0%
Balance & size
5.3×Interest coverage (EBIT/interest)14.1×
1.68×Debt / equity0.24×
$215BMarket capn/a
healthyGrowth qualityhealthy
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.

International Business Machines leads: 6 to 3 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 28 Multipolar Technology Tbkof which business quality 67 · market factors 34
ProfitabilityMargins and returns on capital today
59
62
Quality GrowthAre margins and returns improving?
68
26
CashflowEarnings quality: real cash, not paper profit
70
76
Fin. StrengthBalance sheet, leverage, solvency risk
39
73
InvestmentDisciplined investing over empire-building
66
79
Low VolatilityCalm price path (market factor)
52
18
MomentumPrice trend over the last 3–12 months (market factor)
20
63
52W MomentumDistance to the 52-week high (market factor)
13
3
Net IssuanceShare count: buybacks or dilution?
74
82

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 $223Multipolar Technology TbkPrice IDR 945
DCF Models−17.1%below the price$185−68.5%below the priceIDR 297
Earnings-Based−62.1%below the price$84.42−89.9%below the priceIDR 95
Dividend Discount−65.8%below the price$76.12−88.4%below the priceIDR 109
Multiples−7.8%close to the price$205−79.5%below the priceIDR 194
Asset-Based−89.6%below the price$23.22−98.6%below the priceIDR 13
Growth DCF−36.1%below the price$142−73.5%below the priceIDR 250
Economic Profit−66.8%below the price$74.02−91.5%below the priceIDR 80
Growth Earnings+6.0%close to the price$236−80.5%below the priceIDR 184
Minimum−89.6%below the price$23.22−98.6%below the priceIDR 13
Maximum+6.0%close to the price$236−68.5%below the priceIDR 297
Median−49.1%below the price$113−84.5%below the priceIDR 147
Geometric mean−53.1%below the price$104−87.9%below the priceIDR 114

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.

Multipolar Technology Tbk: 26 of 26 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 $223
Fair Value $187
Bear $121Bull $266
Multipolar Technology Tbk
Price IDR 945
Fair Value IDR 396
Bear IDR 280Bull IDR 545

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

Multipolar Technology Tbk · Information Technology

Quality score66 · Top 25%
Fair value upside−58.1% · below median

Bottom line

As of Oct 3, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: International Business Machines trades at $223 versus a fair value of $187 (−16.2%), while Multipolar Technology Tbk trades at IDR 945 versus IDR 396 (−58.1%).

Multipolar Technology Tbk has the higher quality score (66/100).

Open International Business Machines live analysis →
International Business Machines · Multipolar Technology Tbk

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