Valuation IBM

Stocks

Market Closed - NYSE Other stock markets 16:00:02 2026-07-23 EDT			5-day change	1st Jan Change
206.65 ^USD	+0.43%		-5.66%	-30.24%

07-23	IBM CEO on AI Spending, Mainframes and Quantum	MT
07-23	IBM's 2026 Revenue, Free Cash Flow Guidance Ahead of Expectations, RBC Capital Markets Says	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	194,227	-	-
Change	-	6.27%	17.24%	36.11%	36.22%	-29.85%	-	-
Enterprise Value (EV) ¹	164,013	169,490	192,426	243,433	323,667	240,922	227,894	222,824
Change	-	3.34%	13.53%	26.51%	32.96%	-25.56%	-5.41%	-2.22%
P/E	21x	78.3x	20.1x	34.2x	26.5x	20.1x	18.7x	16x
PBR	6.34x	5.8x	6.64x	7.46x	8.5x	5.04x	4.37x	3.76x
PEG	-	-1.1x	0x	-1.6x	0.4x	-2.57x	2.66x	0.9x
Capitalization / Revenue	2.09x	2.1x	2.41x	3.24x	4.1x	2.76x	2.65x	2.51x
EV / Revenue	2.86x	2.8x	3.11x	3.88x	4.79x	3.42x	3.1x	2.87x
EV / EBITDA	-	11.5x	12.5x	14.8x	16.9x	11.9x	10.5x	9.78x
EV / EBIT	-	17.1x	17.4x	21.6x	22.9x	16.1x	14.2x	12.5x
EV / FCF	25.2x	18.2x	17.2x	19.1x	22x	15.5x	13.4x	12.5x
FCF Yield	3.97%	5.48%	5.83%	5.24%	4.55%	6.47%	7.46%	7.99%
Dividend per Share ²	6.55	6.52	6.63	6.67	6.71	6.768	6.795	6.871
Rate of return	4.9%	4.63%	4.05%	3.03%	2.27%	3.27%	3.29%	3.32%
EPS ²	6.35	1.8	8.14	6.43	11.17	10.3	11.02	12.92
Distribution rate	103%	362%	81.4%	104%	60.1%	65.7%	61.6%	53.2%
Net sales ¹	57,350	60,530	61,860	62,753	67,535	70,370	73,416	77,524
EBITDA ¹	-	14,739	15,447	16,400	19,200	20,258	21,614	22,786
EBIT ¹	-	9,937	11,052	11,263	14,126	14,975	16,090	17,815
Net income ¹	5,743	1,639	7,502	6,023	10,593	9,887	11,524	12,749
Net Debt ¹	44,147	42,108	43,085	40,168	46,789	46,695	33,667	28,596
Reference price ²	133.66	140.89	163.55	219.83	296.21	206.65	206.65	206.65
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.($)
IBM	21.62x	3.42x	11.96x	3.28%	194B
SNOWFLAKE INC.	-93.8x	14.83x	85.85x	-.--%	91.89B
ACCENTURE PLC	10.37x	1.14x	5.99x	4.63%	84.9B
TATA CONSULTANCY SERVICES LTD.	14.32x	2.61x	9.85x	5.74%	83.8B
RELX PLC	19.22x	5.04x	12.44x	2.94%	56.97B
INFOSYS LIMITED	13.67x	1.99x	8.34x	5.7%	43.79B
NEC CORPORATION	20.09x	1.49x	9.43x	0.98%	34.32B
FUJITSU LIMITED	18.92x	1.52x	9.58x	1.57%	34.34B
HCL TECHNOLOGIES LIMITED	16.85x	2.17x	10.09x	5.13%	34.78B
NARI TECHNOLOGY CO., LTD.	20.59x	2.39x	15.6x	2.91%	28.73B
Average	6.18x	3.66x	17.91x	3.29%	68.78B
Weighted average by Cap.	2.72x	4.31x	20.46x	3.31%