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) P/E ratio

As of 25 September 2026, International Business Machines Corporation (IBM) trades at a P/E ratio of 19.7×. Over the past ten years it has ranged from 8.3× (February 2016) to 106× (December 2022); the current reading is higher than 50% of that period. That is above the Information Technology Services industry median of 14.6× and below the Technology sector median of 29.7×.

P/E ratio, daily

Annual

Period P/E ratio Change
FY2025 26.1× (22.48%)
FY2024 33.7× 71.35%
FY2023 19.6× (74.88%)
FY2022 78.2× 275.05%
FY2021 20.9× 8.64%
FY2020 19.2× 59.35%
FY2019 12.0× 6.07%
FY2018 11.4× (52.72%)
FY2017 24.0× 86.93%
FY2016 12.8× 31.84%

Quarterly

Period P/E ratio Change
Jun 2026 24.6× 16.62%
Mar 2026 21.1× (19.31%)
Dec 2025 26.1× (21.20%)
Sep 2025 33.1× (29.33%)
42 more quarters

Against its own ten years

Low 8.3× High 106×
Ten-year median 19.6×
Current reading's percentile 50

P/E ratio against peers

Company P/E ratio
FIS Fidelity National Information Services, Inc. compare 5.4×
FISV Fiserv, Inc. compare 8.9×
CTSH Cognizant Technology Solutions Corporation compare 12.3×
INFY American Noble Gas Inc. compare 13.0×
WIT Wipro Limited compare 13.8×
ACN Accenture PLC compare 14.0×
CDW CDW Corporation compare 16.2×
BR Broadridge Financial Solutions, Inc. compare 16.9×
IBM International Business Machines Corporation 19.7×
Information Technology Services industry median 14.6×
Technology sector median 29.7×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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