Valuation IBM

Equities

Market Closed - Nyse Other stock markets 21:00:03 06/03/2026 GMT			5-day change	1st Jan Change
258.85 ^USD	+0.90%		+7.76%	-12.61%

03-07	International Business Machines Corporation Presents at Morgan Stanley Technology, Media & Telecom Conference 2026, Mar-03-2026 08:30 AM
03-06	US Equity Indexes Fell This Week as Tech Gains Fail to Offset Iran Blow	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	119,866	127,382	149,341	203,265	276,878	242,810	-	-
Change	-	6.27%	17.24%	36.11%	36.22%	-12.3%	-	-
Enterprise Value (EV) ¹	164,013	169,490	192,426	243,433	323,667	281,492	269,529	265,357
Change	-	3.34%	13.53%	26.51%	32.96%	-13.03%	-4.25%	-1.55%
P/E ratio	21x	78.3x	20.1x	34.2x	26.5x	24.4x	22x	19.7x
PBR	6.34x	5.8x	6.64x	7.46x	-	6.35x	5.46x	4.7x
PEG	-	-1.1x	0x	-1.6x	0.4x	-5.05x	2.1x	1.7x
Capitalization / Revenue	2.09x	2.1x	2.41x	3.24x	4.1x	3.41x	3.27x	3.09x
EV / Revenue	2.86x	2.8x	3.11x	3.88x	4.79x	3.95x	3.63x	3.38x
EV / EBITDA	-	11.5x	12.5x	14.8x	16.9x	14.1x	12.4x	11.5x
EV / EBIT	-	17.1x	17.4x	21.6x	22.9x	19.3x	17.1x	15.2x
EV / FCF	25.2x	18.2x	17.2x	19.1x	22x	17.7x	15.3x	13.9x
FCF Yield	3.97%	5.48%	5.83%	5.24%	4.55%	5.64%	6.56%	7.22%
Dividend per Share ²	6.55	6.52	6.63	6.67	-	6.754	6.802	6.84
Rate of return	4.9%	4.63%	4.05%	3.03%	-	2.61%	2.63%	2.64%
EPS ²	6.35	1.8	8.14	6.43	11.17	10.63	11.76	13.16
Distribution rate	103%	362%	81.4%	104%	-	63.5%	57.9%	52%
Net sales ¹	57,350	60,530	61,860	62,753	67,535	71,190	74,261	78,539
EBITDA ¹	-	14,739	15,447	16,400	19,200	19,918	21,726	23,037
EBIT ¹	-	9,937	11,052	11,263	14,126	14,572	15,782	17,469
Net income ¹	5,743	1,639	7,502	6,023	10,593	10,461	11,706	12,440
Net Debt ¹	44,147	42,108	43,085	40,168	46,789	38,682	26,719	22,547
Reference price ²	133.66	140.89	163.55	219.83	296.21	258.85	258.85	258.85
Nbr of stocks (in thousands)	896,800	904,126	913,119	924,645	934,735	938,034	-	-
Announcement Date	24/01/22	25/01/23	24/01/24	29/01/25	28/01/26	-	-	-

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	24.35x	3.95x	14.13x	2.61%	243B
ACCENTURE PLC	15.95x	1.71x	9.1x	3%	132B
TATA CONSULTANCY SERVICES LTD.	18.23x	3.35x	12.32x	4.72%	101B
AUTOMATIC DATA PROCESSING, INC.	20.61x	3.58x	12.26x	2.86%	91.09B
RELX PLC	20.82x	5.45x	13.43x	2.75%	63.51B
SNOWFLAKE INC.	-46.12x	12.72x	93.21x	-.--%	61.76B
INFOSYS LIMITED	18.78x	2.79x	11.85x	3.79%	57.61B
FUJITSU LIMITED	14.75x	1.68x	11.64x	1%	40.62B
HCL TECHNOLOGIES LIMITED	21.38x	2.66x	12.71x	4.16%	39.94B
NEC CORPORATION	23.62x	1.62x	11.48x	0.73%	37.66B
Average	13.24x	3.95x	20.21x	2.56%	86.8B
Weighted average by Cap.	15.71x	3.89x	18.09x	2.76%