Valuation IBM Xetra

Stocks

Real-time Estimate Tradegate Other stock markets 10:02:46 2026-07-06 EDT			5-day change	1st Jan Change
259.28 ^EUR	+3.36%		+6.10%	-1.86%

09:10am	The Profit Bubble Test
08:43am	BofA Securities Adjusts Price Target on IBM to $330 From $315	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	119,866	127,382	149,341	203,265	276,878	272,116	-	-
Change	-	6.27%	17.24%	36.11%	36.22%	-1.72%	-	-
Enterprise Value (EV) ¹	164,013	169,490	192,426	243,433	323,667	322,745	314,176	304,836
Change	-	3.34%	13.53%	26.51%	32.96%	-0.28%	-2.66%	-2.97%
P/E	21x	78.3x	20.1x	34.2x	26.5x	28.1x	24.6x	21.5x
PBR	6.34x	5.8x	6.64x	7.46x	-	7.06x	6.04x	5.16x
PEG	-	-1.1x	0x	-1.6x	0.4x	-3.66x	1.7x	1.5x
Capitalization / Revenue	2.09x	2.1x	2.41x	3.24x	4.1x	3.81x	3.64x	3.45x
EV / Revenue	2.86x	2.8x	3.11x	3.88x	4.79x	4.51x	4.21x	3.86x
EV / EBITDA	-	11.5x	12.5x	14.8x	16.9x	15.7x	14.2x	12.9x
EV / EBIT	-	17.1x	17.4x	21.6x	22.9x	21.1x	19.3x	17.1x
EV / FCF	25.2x	18.2x	17.2x	19.1x	22x	20.6x	18.5x	16.6x
FCF Yield	3.97%	5.48%	5.83%	5.24%	4.55%	4.86%	5.4%	6.04%
Dividend per Share ²	6.55	6.52	6.63	6.67	-	6.75	6.792	6.868
Rate of return	4.9%	4.63%	4.05%	3.03%	-	2.33%	2.35%	2.37%
EPS ²	6.35	1.8	8.14	6.43	11.17	10.31	11.78	13.44
Distribution rate	103%	362%	81.4%	104%	-	65.4%	57.7%	51.1%
Net sales ¹	57,350	60,530	61,860	62,753	67,535	71,509	74,673	78,952
EBITDA ¹	-	14,739	15,447	16,400	19,200	20,497	22,050	23,589
EBIT ¹	-	9,937	11,052	11,263	14,126	15,275	16,295	17,853
Net income ¹	5,743	1,639	7,502	6,023	10,593	9,959	11,556	12,821
Net Debt ¹	44,147	42,108	43,085	40,168	46,789	50,630	42,061	32,720
Reference price ²	133.66	140.89	163.55	219.83	296.21	289.52	289.52	289.52
Nbr of stocks (in thousands)	896,800	904,126	913,119	924,645	934,735	939,885	-	-
Announcement Date	1/24/22	1/25/23	1/24/24	1/29/25	1/28/26	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
SNOWFLAKE INC.	-91.12x	14.39x	83.34x	-.--%	90.17B
ACCENTURE PLC	10.21x	1.12x	5.88x	4.73%	84.05B
TATA CONSULTANCY SERVICES LTD.	13.47x	2.45x	9.09x	6.14%	79.55B
RELX PLC	18.39x	4.85x	11.97x	3.1%	54.92B
INFOSYS LIMITED	13.6x	1.99x	8.34x	5.73%	44.51B
FUJITSU LIMITED	18.97x	1.52x	9.56x	1.51%	35.78B
NEC CORPORATION	19.31x	1.42x	9.05x	1.03%	34.28B
HCL TECHNOLOGIES LIMITED	15.52x	1.98x	9.21x	5.57%	32.37B
NARI TECHNOLOGY CO., LTD.	19.8x	2.3x	14.97x	3.03%	26.93B
Average	4.24x	3.56x	17.93x	3.43%	53.62B
Weighted average by Cap.	-4.76x	4.50x	23.03x	3.44%