International Business Machines Corporation IBM

225.51 (1.55) (0.68%) as of 25 Sep
Market cap
$214.4B
P/E
19.7×
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International Business Machines Corporation (IBM) EV/EBITDA

As of 25 September 2026, International Business Machines Corporation (IBM) trades at a EV/EBITDA of 16.3×. Over the past ten years it has ranged from 7.5× (February 2016) to 23.9× (June 2025); the current reading is higher than 80% of that period. That is above the Information Technology Services industry median of 8.6× and in line with the Technology sector median of 15.7×.

EV/EBITDA, daily

Annual

Period EV/EBITDA Change
FY2025 20.3× 9.34%
FY2024 18.6× 26.31%
FY2023 14.7× 6.75%
FY2022 13.8× 6.63%
FY2021 12.9× (9.93%)
FY2020 14.4× 11.07%
FY2019 12.9× 62.47%
FY2018 8.0× (24.77%)
FY2017 10.6× (7.44%)
FY2016 11.4× 34.36%

Quarterly

Period EV/EBITDA Change
Jun 2026 19.5× 14.00%
Mar 2026 17.1× (15.80%)
Dec 2025 20.3× (1.99%)
Sep 2025 20.8× (9.35%)
42 more quarters

Against its own ten years

Low 7.5× High 23.9×
Ten-year median 12.9×
Current reading's percentile 80

EV/EBITDA against peers

Company EV/EBITDA
FISV Fiserv, Inc. compare 6.5×
CTSH Cognizant Technology Solutions Corporation compare 6.8×
WIT Wipro Limited compare 7.8×
ACN Accenture PLC compare 7.8×
FIS Fidelity National Information Services, Inc. compare 8.2×
INFY American Noble Gas Inc. compare 8.4×
CDW CDW Corporation compare 11.5×
BR Broadridge Financial Solutions, Inc. compare 12.4×
IBM International Business Machines Corporation 16.3×
Information Technology Services industry median 8.6×
Technology sector median 15.7×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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