Is IBM or INGM more undervalued in 2026?

CirclFi compares International Business Machines (IBM) and Ingram Micro Holding Corporatio (INGM) using 13 institutional-grade valuation models. IBM has a Quality of Company score of 6.8/10 while INGM scores 5.3/10.

Which is a better buy — IBM or INGM?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do IBM and INGM valuations compare?

IBM at $264.22 and INGM at $27.07 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

IBM vs INGM Valuation Comparison 2026 — Intrinsic Value Analysis

IBM

Information Technology Services

International Business Machines

Quality

6.8

out of 10

Value Trap

SAFE

Price

$264.22

Last close

Models

12/13

Active

INGM

Information Technology Services

Ingram Micro Holding Corporatio

Quality

5.3

out of 10

Value Trap

SAFE

Price

$27.07

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	IBM Fair Value	IBM Upside	INGM Fair Value	INGM Upside
Bayesian DCF	Intrinsic	$110.88	-58.0%	$2.65	-90.2%
Earnings Power Value	Intrinsic	$10.91	-95.9%	$4.33	-84.5%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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IBM vs INGM — Which Stock Is More Undervalued?

IBM scores higher with a 6.8/10 quality rating vs INGM's 5.3/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing International Business Machines (IBM) and Ingram Micro Holding Corporatio (INGM) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

IBM currently trades at $264.22 with a QOC of 6.8/10, while INGM trades at $27.07 with a QOC of 5.3/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).