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There (IBM) Fair Value & Analysis

Other · DE · Market cap €98.5B

T There IBM · HA
Price€233.85
Fair Value€275.97
Upside+18.0%
Quality53/100
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Evidence: High Range €175.27 – €424.07

Fair value as of: Jun 24, 2026

From 22 valuation models · updated 8 days ago

Fair value updated Jun 24, 2026 — revised from €241.23 to €275.97 (+14.4%) since Jun 23, 2026. Share price +22.8% over the past month.

Price vs Fair Value (12 months)

€276.25 €183.20 Fair Value €275.97 Jun 2025 Jun 2026

12‑month range €183.20 – €276.25 · fair‑value band €175.27 – €424.07 · the €233.85 price screens below the €275.97 fair value. As of Jun 24, 2026.

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Analysis

There (IBM) currently trades at €233.85, while our model-based Fair Value estimate is €275.97 — implying the stock looks roughly 18.0% undervalued today. We read business quality at 53/100 (solid quality), in the Other sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Net debt stands at €47.7B. Fundamentals as of Jun 24, 2026

About the company

There is no Profile data available for IBM.HA.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

There reported revenue of €67.5B in FY2025 versus €57.4B in FY2021, a compound +4.2%/yr. Reported net income was €10.6B in FY2025, compounding +16.5%/yr from FY2021.

Revenue +4.2%/yr
FY21 €57.4B
FY22 €60.5B
FY23 €61.9B
FY24 €62.8B
FY25 €67.5B
Net income +16.5%/yr
FY21 €5.7B
FY22 €1.6B
FY23 €7.5B
FY24 €6.0B
FY25 €10.6B

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Recent news

External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.

Similar stocks

6 more Other stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

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GRFP GRFP €6.48 €3.11 -52%
Stifel Financial Corporation SFB $19.65 $28.09 +43%
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Frequently asked questions

Is There (IBM) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €275.97 versus a price of €233.85 — about +18% (undervalued). Model-based estimate, not financial advice.
What is the fair value of IBM?
Our model-based fair value for There is €275.97 (as of Jun 24, 2026), built from audited fundamentals. The current price is €233.85.
What is the quality score of IBM?
There has a Quality Score of 53/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the net profit margin of IBM?
The net profit margin of There is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.