Valuation IBM

Stocks

Market Closed - NYSE 16:00:03 2026-10-15 EDT			5-day change	1st Jan Change
234.12 ^USD	+2.74%		+3.31%	-20.96%

10-15	Quantum Computing Market Could Grow to $100 Billion-Plus Per Year by 2040, Morgan Stanley Says	MT
10-15	PPI data gives Wall Street another headache

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	220,573	-	-
Change	-	6.27%	17.24%	36.11%	36.22%	-20.34%	-	-
Enterprise Value (EV) ¹	164,013	169,490	192,426	243,433	323,667	263,885	254,137	249,013
Change	-	3.34%	13.53%	26.51%	32.96%	-18.47%	-3.69%	-2.02%
P/E	21x	78.3x	20.1x	34.2x	26.5x	23.1x	20.8x	18.5x
PBR	6.34x	5.8x	6.64x	7.46x	8.5x	5.73x	4.94x	4.25x
PEG	-	-1.1x	0x	-1.6x	0.4x	-2.53x	2x	1.5x
Capitalization / Revenue	2.09x	2.1x	2.41x	3.24x	4.1x	3.13x	3.02x	2.87x
EV / Revenue	2.86x	2.8x	3.11x	3.88x	4.79x	3.75x	3.48x	3.24x
EV / EBITDA	-	11.5x	12.5x	14.8x	16.9x	13.1x	11.9x	10.9x
EV / EBIT	-	17.1x	17.4x	21.6x	22.9x	17.6x	15.9x	14.1x
EV / FCF	25.2x	18.2x	17.2x	19.1x	22x	17x	14.9x	13.8x
FCF Yield	3.97%	5.48%	5.83%	5.24%	4.55%	5.88%	6.72%	7.25%
Dividend per Share ²	6.55	6.52	6.63	6.67	6.71	6.766	6.813	6.949
Rate of return	4.9%	4.63%	4.05%	3.03%	2.27%	2.89%	2.91%	2.97%
EPS ²	6.35	1.8	8.14	6.43	11.17	10.15	11.23	12.65
Distribution rate	103%	362%	81.4%	104%	60.1%	66.6%	60.7%	54.9%
Net sales ¹	57,350	60,530	61,860	62,753	67,535	70,386	73,120	76,960
EBITDA ¹	-	14,739	15,447	16,400	19,200	20,135	21,404	22,816
EBIT ¹	-	9,937	11,052	11,263	14,126	14,970	16,004	17,650
Net income ¹	5,743	1,639	7,502	6,023	10,593	9,831	11,253	12,433
Net Debt ¹	44,147	42,108	43,085	40,168	46,789	43,313	33,564	28,440
Reference price ²	133.66	140.89	163.55	219.83	296.21	234.12	234.12	234.12
Nbr of stocks (in thousands)	896,800	904,126	913,119	924,645	934,735	942,134	-	-
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	22.43x	3.67x	12.81x	2.97%	215B
SALESFORCE, INC.	22.58x	4.75x	11.66x	0.73%	194B
ACCENTURE PLC	15.97x	1.74x	9.13x	3%	128B
SNOWFLAKE INC.	-131.83x	18.31x	100.67x	-.--%	118B
CLOUDFLARE, INC.	-559.51x	39.76x	163.36x	-.--%	115B
TATA CONSULTANCY SERVICES LTD.	15.03x	2.7x	10.41x	5.36%	87.63B
RELX PLC	21.53x	5.62x	13.79x	2.63%	63.48B
FUJITSU LIMITED	23.9x	1.98x	12.56x	1.3%	46.63B
INFOSYS LIMITED	14.23x	2.07x	8.78x	5.47%	46.31B
NEC CORPORATION	22.43x	1.72x	10.8x	0.83%	43.28B
Average	-53.32x	8.23x	35.40x	2.23%	105.79B
Weighted average by Cap.	-60.03x	9.02x	37.98x	2.03%