Ingram Micro INGM
United StatesTechnology · Information Technology ServicesUSD
32.62 USD (+18.0%)
13 analysts
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Ingram Micro is a global wholesale technology distributor, buying IT products from manufacturers and selling them to resellers, integrators, and retailers, operating with very thin margins and high volume.
Key points
from its scores- ✓Attractive valuation9.0
- ✓Good share-price trend8.8
- ✓Strong growth8.7
- ✕Little competitive advantage3.9
- ✕Fragile balance sheet4.6
AI analysis
bottom line, main risk, context and newsValuation is compelling and growth is strong, but the thin margin and moderate debt warrant caution.
Ingram Micro shows a very attractive valuation (P/E 15.11, forward P/E 7.37, PEG 0.21) backed by strong revenue growth (13.6%) and earnings growth (199.4%), although its low-margin distribution model (operating margin 1.69%) and moderate debt (2.7x EBITDA) limit business quality.
The main risk is margin compression in a low-value-added distribution business (operating margin 1.69%), making it vulnerable to competitive pressures and any increase in operating or financing costs.
Context and risks
Ingram Micro is a US-based wholesale technology distributor. Its low-margin business (1.69% operating) and 2.7x EBITDA debt make it somewhat sensitive to interest rates, but its tariff exposure is limited and its supply chain does not depend on conflict routes. The current macro context does not introduce a material specific risk for this company beyond what is already reflected in its metrics.
Is Ingram Micro stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 57% below the Technology median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 15.1 | 31.3 | −52% |
| EV / EBITDA | 7.7 | 20.4 | −62% |
| Price / book | 1.5 | 6.3 | −76% |
| Price / sales | 0.1 | 5.3 | −98% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 9.0 out of 10 (median for Technology: 5.3).
Average analyst target: 32.62 USD, +18.0% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 4.6 (sector 6.9), Growth 8.7 (sector 7.5).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 15.1
- Forward P/E
- 7.4
- EV / EBITDA
- 7.7
- Price / book
- 1.5
- Price / sales
- 0.1
- PEG
- 0.21
- Market cap
- 6.4B USD
- Enterprise value
- 9.8B USD
Profitability
- ROE
- 10.3%
- ROA
- 3.3%
- ROIC (approx.)
- 11.1%
- Gross margin
- 6.6%
- Operating margin
- 1.7%
- Net margin
- 0.8%
- Free cash flow
- 395.7M USD
- FCF yield
- 6.2%
- Cash conversion
- 31%
Solvency
- Total debt
- 4.2B USD
- Net debt
- 3.4B USD
- Cash
- 809.0M USD
- EBITDA
- 1.3B USD
- Net debt / EBITDA
- 2.70
- Debt / equity
- 99.11
- Current ratio
- 1.31
- Quick ratio
- 0.81
Growth
- Revenue growth
- +13.6%
- Earnings growth
- +199.4%
- EPS (TTM)
- 1.83 USD
- EPS (forward)
- 3.75 USD
Dividend
- Dividend yield
- 1.2%
- Payout
- 17.7%
Risk and market
- Analyst consensus
- none (13)
- Target price
- 32.62 USD
- 52-week range
- 19.03 – 31.69
Recent news
All INGM news →Compare it with its sector
All 283 in Technology →Frequently asked questions about Ingram Micro
Is Ingram Micro stock cheap or expensive?
On P/E and EV / EBITDA, it trades 57% below the Technology median on average. Valuation score: 9.0 out of 10 (median for Technology: 5.3). Average analyst target: 32.62 USD, +18.0% versus the price. This is not investment advice.
What score does Ingram Micro get on MeridIAn Screener?
It scores 6.5 out of 10, rank 543 of 2,130 (better than 72% of the companies analysed). Its strongest category is Valuation (9.0) and its weakest, Quality / Moat (3.9). Analysis of 08/10/2026.
What is Ingram Micro's P/E ratio?
Its P/E is 15.1: the share price equals 15.1 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 7.4.
How much is Ingram Micro worth on the stock market?
Its market capitalisation is 6.4B USD and its enterprise value, debt included, is 9.8B USD.
How much debt does Ingram Micro have?
Its net debt (debt minus cash) is 3.4B USD. That is 2.70 times its EBITDA; the Technology median is 0.20.
Does Ingram Micro pay a dividend?
Yes: its dividend yield is 1.23% and it pays out 18% of its earnings.
How has Ingram Micro stock performed over the last year?
It has risen 34.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 19.03 and 31.69 USD. Past performance does not guarantee future results.
What do analysts think of Ingram Micro?
13 analysts cover it; their average recommendation is “none” and their average target is 32.62 USD (+18.0% versus the price). It is an estimate, not market data.