Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Ingram Micro Bilisim Sistemleri Anonim Sirketi TRY 185, price TRY 315, upside -41.3%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 40.22 TRY – 1,240 TRY · fair‑value band 98.87 TRY – 263.55 TRY · the 315.25 TRY price screens above the 185.02 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Ingram Micro Bilisim Sistemleri Anonim Sirketi engages in the information technology business in Turkey and internationally. The company offers laptops, computers, servers, storage, virtualization, networking, IP PBX, video conferencing, and security products.
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Ingram Micro Bilisim Sistemleri Anonim Sirketi engages in the information technology business in Turkey and internationally. The company offers laptops, computers, servers, storage, virtualization, networking, IP PBX, video conferencing, and security products. It also provides artificial intelligence, cloud, collaboration, data center, data capture/POS, and professional solutions. Ingram Micro Bilisim Sistemleri Anonim Sirketi was formerly known as Armada Bilgisayar Sistemleri Sanayi ve Ticaret A.S. The company was incorporated in 1993 and is based in Istanbul, Turkey. Ingram Micro Bilisim Sistemleri Anonim Sirketi is a subsidiary of Aptec Holdings Ltd.
Stock analysis
Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM) currently trades at 315.25 TRY, while our model-based Fair Value estimate is 185.02 TRY, implying the stock looks roughly 70.4% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 407.48 TRY per share, and 5 of the 15 models we run sit above the 315.25 TRY price.
Bear case: the Asset-Based group reads lowest at 49.18 TRY, and 10 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 98.87 TRY (bear) to 263.55 TRY (bull), the price of 315.25 TRY sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 38/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Ingram Micro Bilisim Sistemleri Anonim Sirketi reported revenue of 21.3B TRY in FY2024 versus 3.1B TRY in FY2020, a compound +61.8%/yr. Reported net income was 181M TRY in FY2024, compounding +86.3%/yr from FY2020.
Key figures
Market cap 9.4B TRY (≈ $191M) · P/S ratio 0.32 · EPS (TTM) 0.1200 TRY · Net margin 0.9% · Return on equity −5.6% · Return on assets (EBIT) 4.5% · Operating margin 1.7% · Revenue (TTM) 29.1B TRY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at −41%, INGRM screens richer than that median.
Fair Value models
Bear 98.87 TRYFair Value 185.02 TRYBull 263.55 TRY
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2024 figures (about 12 months old). Earnings retained since then (0.1200 TRY per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+31.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+64.5%
’20
’21
’22
’23
’24
What shareholders gained per year (last 5 years), in TRY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+64.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+64.5%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.2% → 3%
Compare Ingram Micro Bilisim Sistemleri Anonim Sirketi with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electronics & Computer Distribution · 154 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside−41.3% · Bottom 25%
Profitability
Return on assets3.2% · Below median
Net margin (TTM)−0.5% · Bottom 25%
Operating margin (TTM)1.7% · Below median
Growth and dividend
Revenue growth31.0% · Top 25%
Balance sheet
Debt / equity0.61× · Highest 25%
Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper
P/B0.11× · Cheapest 25%
EV/EBITDA1.0× · Cheapest 25%
PEG1.05× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 22
FUTURE (revenue growth)100· sector 56
PAST (return on equity)0· sector 35
HEALTH (low debt)70· sector 98
DIVIDEND (yield)0· sector 65
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Ingram Micro Bilisim Sistemleri Anonim Sirketi Fair Value". https://www.fairvalue-calculator.com/stock/INGRM
Frequently asked questions
Is Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 185.02 TRY versus a price of 315.25 TRY, about −41% upside (overvalued).
What is the fair value of INGRM?
Our model-based fair value for Ingram Micro Bilisim Sistemleri Anonim Sirketi is 185.02 TRY (as of Sep 24, 2026), built from audited fundamentals. The current price: 315.25 TRY.
What is the quality score of INGRM?
Ingram Micro Bilisim Sistemleri Anonim Sirketi has a Quality Score of 38/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
Our model-based price target is the fair value of 185.02 TRY (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 98.87 TRY, optimistic scenario 263.55 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Ingram Micro Bilisim Sistemleri Anonim Sirketi stock forecast for 2026?
Our models put fair value at 185.02 TRY, about −41% upside versus a price of 315.25 TRY (overvalued). Cautious scenario 98.87 TRY, optimistic scenario 263.55 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
Ingram Micro Bilisim Sistemleri Anonim Sirketi reported trailing-twelve-month revenue of about 29.1B TRY (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ingram Micro Bilisim Sistemleri Anonim Sirketi it is 185.02 TRY per share (as of Sep 24, 2026), against a price of 315.25 TRY. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Ingram Micro Bilisim Sistemleri Anonim Sirketi stock overvalued or undervalued in 2026?
As of Sep 24, 2026, INGRM trades above its calculated fair value: price 315.25 TRY, fair value 185.02 TRY, a gap of about −41% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of INGRM?
No. The price is what the market pays today (315.25 TRY); the fair value is what the company's own numbers justify (185.02 TRY). For Ingram Micro Bilisim Sistemleri Anonim Sirketi the two are 130.23 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Ingram Micro Bilisim Sistemleri Anonim Sirketi worth?
The market values Ingram Micro Bilisim Sistemleri Anonim Sirketi at about 9.4B TRY (market capitalisation, as of Sep 24, 2026). Per share that is 315.25 TRY; our models calculate a fair value of 185.02 TRY per share.
What do the bullish and bearish scenarios say about INGRM?
Our models span a range for Ingram Micro Bilisim Sistemleri Anonim Sirketi: cautious scenario 98.87 TRY, base 185.02 TRY, optimistic 263.55 TRY per share (as of Sep 24, 2026, price 315.25 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of INGRM?
The PEG ratio of Ingram Micro Bilisim Sistemleri Anonim Sirketi is 1.05 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
Balance-sheet figures for Ingram Micro Bilisim Sistemleri Anonim Sirketi (as of Sep 24, 2026): return on equity −5.6%, debt of 0.61 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is INGRM from its 52-week high?
Ingram Micro Bilisim Sistemleri Anonim Sirketi trades at 315.25 TRY, about 39% below its 52-week high of 517.00 TRY and at the low of 313.75 TRY (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of 185.02 TRY is for.
Which stocks are comparable to Ingram Micro Bilisim Sistemleri Anonim Sirketi?
From the same area (Technology) we also value TD SYNNEX Corporation, Unisplendour Corporation, Rexel S.A, Arrow Electronics, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ingram Micro Bilisim Sistemleri Anonim Sirketi stock attractive at the current price?
The data as of Sep 24, 2026: price 315.25 TRY, calculated fair value 185.02 TRY (−41%), Quality Score 38/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of INGRM calculated?
We run Ingram Micro Bilisim Sistemleri Anonim Sirketi through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 185.02 TRY, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9 % above its aggregate fair value. Ingram Micro Bilisim Sistemleri Anonim Sirketi itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
The closing price on Sep 25, 2026 was 315.25 TRY. Our model-based fair value is 185.02 TRY, about −41% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ingram Micro Bilisim Sistemleri Anonim Sirketi right now?
The price sits above even our optimistic bull case (263.55 TRY). The favourable scenario is already priced in. Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (98.87 TRY to 263.55 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Ingram Micro Bilisim Sistemleri Anonim Sirketi
How large is the market capitalisation of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
The market capitalisation of Ingram Micro Bilisim Sistemleri Anonim Sirketi is 9.4B TRY (≈ $191M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
The price-to-sales ratio of Ingram Micro Bilisim Sistemleri Anonim Sirketi is 0.32 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
Earnings per share at Ingram Micro Bilisim Sistemleri Anonim Sirketi are 0.1200 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
The net margin of Ingram Micro Bilisim Sistemleri Anonim Sirketi is 0.9% (fiscal year 2024). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
The return on equity (ROE) of Ingram Micro Bilisim Sistemleri Anonim Sirketi is −5.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
On an EBIT basis the return on assets of Ingram Micro Bilisim Sistemleri Anonim Sirketi is 4.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
The operating margin of Ingram Micro Bilisim Sistemleri Anonim Sirketi is 1.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
Revenue at Ingram Micro Bilisim Sistemleri Anonim Sirketi is growing +31.0% versus a year earlier (3y avg +64.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM)?
Earnings per share at Ingram Micro Bilisim Sistemleri Anonim Sirketi are growing −11.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM) generate?
The free cash flow of Ingram Micro Bilisim Sistemleri Anonim Sirketi is −345M TRY (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM) carry?
The net debt of Ingram Micro Bilisim Sistemleri Anonim Sirketi is 2.6B TRY (fiscal year 2024). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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