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STOCK COMPARISON

TM Technology vs Tata Motors: Fair Value & Quality

Both stocks run through our valuation models. Here is how TM Technology (5468) and Tata Motors (TMCV) compare, as of Sep 22, 2026.

As of Sep 22, 2026, Fair Value Calculator sees Tata Motors as the less overvalued of the two: TM Technology trades at TWD 24.90 versus a fair value of TWD 2.40 (-90%), while Tata Motors trades at ₹445 versus ₹107 (-76%).
TM Technology
5468.TWO · TWD · Information Technology
-90%
upside to fair value
overvalued
PriceTWD 24.90
Fair ValueTWD 2.40
Quality33/100
Tata Motors
TMCV.NSE · INR · Financials
-76%
upside to fair value
overvalued
Price₹445
Fair Value₹107
Quality66/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

TM TechnologyTata Motors
Valuation
P/E (TTM)51.3×
0.25×P/S (TTM)1.86×
0.08×P/B12.22×
EV/EBITDA17.6×
−90.4%Fair value upside−75.9%
Dividend yield0.9%
Dividend per share₹4.00
Profitability
14%Operating margin8%
0.46×EBIT margin trend (5Y)
-5%Return on equity26%
1%Return on assets9%
Growth
65%Revenue growth (YoY)-38%
1.1%Avg. growth/yr (3Y)
Balance & size
0.6×Interest coverage (EBIT/interest)9.1×
0.04×Debt / equity0.11×
$47MMarket cap$16B
weakGrowth 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.

Tata Motors leads: 2 to 4 metric wins.

Dash = 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.

TM Technologyof which business quality 36 · market factors 72 Tata Motorsof which business quality 64 · market factors 58
ProfitabilityMargins and returns on capital today
5
64
Quality GrowthAre margins and returns improving?
59
30
CashflowEarnings quality: real cash, not paper profit
33
82
Fin. StrengthBalance sheet, leverage, solvency risk
73
42
InvestmentDisciplined investing over empire-building
47
100
Low VolatilityCalm price path (market factor)
50
49
MomentumPrice trend over the last 3–12 months (market factor)
89
55
52W MomentumDistance to the 52-week high (market factor)
69
72
Net IssuanceShare count: buybacks or dilution?
0
80

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 familyTM TechnologyPrice TWD 24.90Tata MotorsPrice ₹445
DCF Modelsn/a-46%below the price₹240
Earnings-Based-89%below the priceTWD 2.79-85%below the price₹68.38
Dividend Discountn/a-84%below the price₹71.47
Multiples-85%below the priceTWD 3.85-83%below the price₹77.69
Asset-Based-75%below the priceTWD 6.32-95%below the price₹23.17
Growth DCFn/a+5%close to the price₹466
Economic Profit-89%below the priceTWD 2.79-86%below the price₹61.92
Minimum-89%below the priceTWD 2.79-95%below the price₹23.17
Maximum-75%below the priceTWD 6.32+5%close to the price₹466
Median-87%below the priceTWD 3.32-84%below the price₹71.47
Geometric mean-85%below the priceTWD 3.71-79%below the price₹93.15

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%.

TM Technology: 6 of 6 models see the stock below the current price.

Tata Motors: 11 of 12 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.

TM Technology
Price TWD 24.90
Fair Value TWD 2.40
Bear TWD 2.35Bull TWD 2.44
Tata Motors
Price ₹445
Fair Value ₹107
Bear ₹80.22Bull ₹134

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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.

TM Technology · Information Technology

Quality score33 · bottom 25%
Fair value upside-90% · bottom 25%

Tata Motors · Financials

Quality score66 · Top 25%
Fair value upside-76% · bottom 25%

Bottom line

As of Sep 22, 2026, Fair Value Calculator sees Tata Motors as the less overvalued of the two: TM Technology trades at TWD 24.90 versus a fair value of TWD 2.40 (-90%), while Tata Motors trades at ₹445 versus ₹107 (-76%).

Tata Motors has the higher quality score (66/100).

See the full analysis →

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