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) 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

Against its own ten years

Low 6.2× High 24.0×
Ten-year median 10.6×
Current reading's percentile 83

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)))

The full definition of Price to free cash flow →

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