International Business Machines Corporation IBM
- Market cap
- $214.4B
- P/E
- 19.7×
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International Business Machines Corporation (IBM) Price to free cash flow
As of 25 September 2026, International Business Machines Corporation (IBM) trades at a price to free cash flow of 15.3×. Over the past ten years it has ranged from 6.2× (March 2020) to 24.0× (February 2026); the current reading is higher than 83% of that period. That is above the Information Technology Services industry median of 10.1× and below the Technology sector median of 19.8×.
Price to free cash flow, daily
Annual
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 22.6× | 44.43% |
| FY2024 | 15.6× | 38.26% |
| FY2023 | 11.3× | (18.54%) |
| FY2022 | 13.9× | 28.97% |
| FY2021 | 10.8× | 58.47% |
| FY2020 | 6.8× | (22.18%) |
| FY2019 | 8.7× | 6.60% |
| FY2018 | 8.2× | (16.91%) |
| FY2017 | 9.9× | (10.01%) |
| FY2016 | 11.0× | 19.49% |
Quarterly
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 19.1× | 9.09% |
| Mar 2026 | 17.5× | (22.36%) |
| Dec 2025 | 22.6× | 8.12% |
| Sep 2025 | 20.9× | (2.13%) |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| FISV Fiserv, Inc. compare | 6.0× |
| ACN Accenture PLC compare | 8.6× |
| FIS Fidelity National Information Services, Inc. compare | 9.5× |
| CTSH Cognizant Technology Solutions Corporation compare | 10.3× |
| INFY American Noble Gas Inc. compare | 11.2× |
| WIT Wipro Limited compare | 13.3× |
| IBM International Business Machines Corporation | 15.3× |
| BR Broadridge Financial Solutions, Inc. compare | 16.0× |
| CDW CDW Corporation compare | 20.0× |
| Information Technology Services industry median | 10.1× |
| Technology sector median | 19.8× |
| Market median | 14.0× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
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- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
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- P/E ratio
- P/S ratio
- P/B ratio
- EV/EBITDA
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- Current ratio
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- Book value per share
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