International Business Machines Corporation IBM
- 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 | Free account |
Against its own ten years
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)
More on IBM
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement