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 | Free account |
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)
More on IBM
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/S ratio
- P/B 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