International Business Machines Corporation IBM
- Market cap
- $214.4B
- P/E
- 19.7×
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International Business Machines Corporation (IBM) P/B ratio
As of 25 September 2026, International Business Machines Corporation (IBM) trades at a P/B ratio of 6.1×. Over the past ten years it has ranged from 3.8× (March 2020) to 13.4× (April 2015); the current reading is higher than 31% of that period. That is above the Information Technology Services industry median of 2.1× and above the Technology sector median of 3.0×.
P/B ratio, daily
Annual
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 8.4× | 14.02% |
| FY2024 | 7.4× | 13.68% |
| FY2023 | 6.5× | 12.15% |
| FY2022 | 5.8× | (7.96%) |
| FY2021 | 6.3× | 21.95% |
| FY2020 | 5.2× | (4.60%) |
| FY2019 | 5.4× | (7.44%) |
| FY2018 | 5.9× | (24.57%) |
| FY2017 | 7.8× | (6.53%) |
| FY2016 | 8.3× | (7.00%) |
Quarterly
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 7.7× | 11.34% |
| Mar 2026 | 6.9× | (18.41%) |
| Dec 2025 | 8.4× | (10.41%) |
| Sep 2025 | 9.4× | (5.34%) |
| 42 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| FISV Fiserv, Inc. compare | 0.9× |
| FIS Fidelity National Information Services, Inc. compare | 1.1× |
| CTSH Cognizant Technology Solutions Corporation compare | 1.8× |
| WIT Wipro Limited compare | 2.1× |
| ACN Accenture PLC compare | 3.3× |
| INFY American Noble Gas Inc. compare | 4.4× |
| IBM International Business Machines Corporation | 6.1× |
| BR Broadridge Financial Solutions, Inc. compare | 6.7× |
| CDW CDW Corporation compare | 7.0× |
| Information Technology Services industry median | 2.1× |
| Technology sector median | 3.0× |
| Market median | 1.8× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
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
- Price to free cash flow
- EV/EBITDA
- 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