Pricing Log in Create free account
Saturday 17 October 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. In the quarter to June 2026, revenue grew 1.09%, EPS fell 2.54%, free cash flow grew 56.5% and total debt fell 3.39%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for twenty-five consecutive years, revenue growth for five; insiders bought in the last twelve months.

232.56 1.56 −0.67%
Market cap
$220.6B
P/E
20.3×
Fwd P/E
27.7×
Dividend yield
2.90%
F-score
6/9
Altman Z
3.49
Beneish M
−2.41
Dividend safety
64/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

International Business Machines Corporation (IBM) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, International Business Machines Corporation (IBM) trades at a P/B ratio of 6.3×. Over the past ten years it has ranged from 3.8× (March 2020) to 13.4× (April 2015); the current reading is higher than 36% of that period. That is above the Information Technology Services industry median of 1.6× and above the Technology sector median of 2.7×.

P/B ratio, daily

Embed this chart

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× 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 newest first

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

Against its own ten years

Low 3.8× High 13.4×
Ten-year median 6.9×
Current reading's percentile 39

P/B ratio against peers

Company P/B ratio
FISV Fiserv, Inc. compare 0.9×
FIS Fidelity National Information Services, Inc. compare 1.2×
CTSH Cognizant Technology Solutions Corporation compare 2.1×
WIT Wipro Limited compare 2.5×
INFY American Noble Gas Inc. compare 5.1×
IBM International Business Machines Corporation 6.3×
BR Broadridge Financial Solutions, Inc. compare 7.1×
CDW CDW Corporation compare 7.8×
ACN Accenture PLC compare 119×
Information Technology Services industry median 1.6×
Technology sector median 2.7×
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 →

More on IBM