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STOCK COMPARISON

International Business Machines vs RealTech: Fair Value & Quality

Both stocks run through our valuation models. Here is how International Business Machines (IBM) and RealTech (RTC) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: International Business Machines trades at $227 versus a fair value of $187 (-18%), while RealTech trades at €1.03 versus €0.48 (-53%).
International Business Machines
IBM · USD · Information Technology
-18%
upside to fair value
overvalued
Price$227
Fair Value$187
Quality63/100
RealTech
RTC.XETRA · EUR · Industrials
-53%
upside to fair value
overvalued
Price€1.03
Fair Value€0.48
Quality65/100
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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 MachinesRealTech
Valuation
20.0×P/E (TTM)103.0×
3.13×P/S (TTM)0.63×
6.63× · book value is mostly goodwillP/B1.07×
15.6×EV/EBITDA31.9×
2.19×PEG3.48×
−17.8%Fair value upside−53.4%
3.0%Dividend yieldn/a
$6.73Dividend per sharen/a
Profitability
17%Operating margin2%
1.63×EBIT margin trend (5Y)n/a
34%Return on equity0%
5%Return on assets1%
Growth
1%Revenue growth (YoY)17%
3.7%Avg. growth/yr (3Y)3.2%
n/aAvg. growth/yr (5Y)3.9%
+16.2%Value creation/yr−45.4%
Balance & size
5.3×Interest coverage (EBIT/interest)6.1×
1.68×Debt / equityn/a
$216BMarket cap$7M
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.

International Business Machines leads: 7 to 1 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 33 RealTechof which business quality 67 · market factors 39
ProfitabilityMargins and returns on capital today
59
39
Quality GrowthAre margins and returns improving?
68
49
CashflowEarnings quality: real cash, not paper profit
70
65
Fin. StrengthBalance sheet, leverage, solvency risk
39
84
InvestmentDisciplined investing over empire-building
66
95
Low VolatilityCalm price path (market factor)
52
50
MomentumPrice trend over the last 3–12 months (market factor)
29
39
52W MomentumDistance to the 52-week high (market factor)
18
27
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 $227RealTechPrice €1.03
DCF Models-19%below the price$185+5%close to the price€1.08
Earnings-Based-63%below the price$84.42-75%below the price€0.26
Dividend Discount-66%below the price$76.12n/a
Multiples-10%close to the price$205-68%below the price€0.33
Asset-Based-90%below the price$23.22-20%below the price€0.82
Growth DCF-37%below the price$142+25%above the price€1.29
Economic Profit-63%below the price$84.30-42%below the price€0.60
Growth Earnings+4%close to the price$236-91%below the price€0.09
Minimum-90%below the price$23.22-91%below the price€0.09
Maximum+4%close to the price$236+25%above the price€1.29
Median-50%below the price$113-42%below the price€0.60
Geometric mean-53%below the price$106-54%below the price€0.47

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.

RealTech: 16 of 22 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 $227
Fair Value $187
Bear $121Bull $272
RealTech
Price €1.03
Fair Value €0.48
Bear €0.47Bull €0.48

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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-18% · above median

RealTech · Industrials

Quality score65 · Top 25%
Fair value upside-53% · bottom 25%

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: International Business Machines trades at $227 versus a fair value of $187 (-18%), while RealTech trades at €1.03 versus €0.48 (-53%).

RealTech has the higher quality score (65/100).

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.