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Friday 6 November 2026 Export IBM’s income statement to Excel — free account

International Business Machines Corporation

IBM Technology Information Technology Services

International Business Machines Corporation’s revenue for fiscal 2025 (year ended December 2025) was $67.5 billion, up 7.62% from fiscal 2024.

Revenue
+4.73%
EPS
+24.1%
Free cash flow
+31.3%
Total debt
+1.11%

Quarter to September 2026, against a year earlier

248.25 6.07 −2.39%
Market cap
$233.6B
P/E
20.9×
Fwd P/E
25.8×
Dividend yield
2.72%
F-score
6/9
Altman Z
3.49
Beneish M
−2.41
Dividend safety
64/100
Overview Business Profile Earnings & Analysis
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Income Statement Balance Sheet Cash Flow Metrics & Ratios
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International Business Machines Corporation (IBM) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, International Business Machines Corporation (IBM) trades at a P/B ratio of 6.5×. Over the past ten years it has ranged from 3.9× (March 2020) to 13.4× (April 2015); the current reading is higher than 39% of that period. That is above the Information Technology Services industry median of 1.9× and above the Technology sector median of 2.5×.

P/B ratio, daily

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Annual newest first

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× 20.45%
FY2020 5.2× (4.59%)
FY2019 5.5× (7.44%)
FY2018 5.9× (24.57%)
FY2017 7.9× (6.52%)
FY2016 8.4× (5.85%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 5.7× (25.13%)
Jun 2026 7.7× 11.34%
Mar 2026 6.9× (18.41%)
Dec 2025 8.4× (10.41%)
43 more quarters

Against its own ten years

Low 3.9× High 13.4×
Ten-year median 6.9×
Current reading's percentile 43

P/B ratio against peers

Company P/B ratio
CTSH Cognizant Technology Solutions Corporation compare 2.0×
WIT Wipro Limited compare 2.6×
LDOS Leidos Holdings, Inc. compare 3.2×
ACN Accenture PLC compare 5.0×
INFY American Noble Gas Inc. compare 5.0×
IBM International Business Machines Corporation 6.5×
CDW CDW Corporation compare 8.2×
BR Broadridge Financial Solutions, Inc. compare 8.4×
FISV Fiserv, Inc. compare 1,396×
Information Technology Services industry median 1.9×
Technology sector median 2.5×
Market median 1.7×

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))

The full definition of P/B ratio →

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