Valuation IBM

Stocks

Market Closed - NYSE 04:00:02 2026-11-02 pm EST			5-day change	1st Jan Change
252.51 ^USD	-2.06%		-0.37%	-14.75%

Nov. 02	Largest tech deals of last decade	RE
Nov. 02	What if the best AI trade was a German software company from the 1970s?

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	119,866	127,382	149,341	203,265	276,878	238,652	-	-
Change	-	6.27%	17.24%	36.11%	36.22%	-13.81%	-	-
Enterprise Value (EV) ¹	164,013	169,490	192,426	243,433	323,667	287,018	274,431	270,549
Change	-	3.34%	13.53%	26.51%	32.96%	-11.32%	-4.39%	-1.41%
P/E	21x	78.3x	20.1x	34.2x	26.5x	25.3x	22.5x	19.7x
PBR	6.34x	5.8x	6.64x	7.46x	8.5x	6.21x	5.36x	4.62x
PEG	-	-1.1x	0x	-1.6x	0.4x	-2.4x	1.8x	1.4x
Capitalization / Revenue	2.09x	2.1x	2.41x	3.24x	4.1x	3.38x	3.26x	3.09x
EV / Revenue	2.86x	2.8x	3.11x	3.88x	4.79x	4.07x	3.75x	3.5x
EV / EBITDA	-	11.5x	12.5x	14.8x	16.9x	14.2x	12.7x	11.8x
EV / EBIT	-	17.1x	17.4x	21.6x	22.9x	19.3x	17.2x	15.3x
EV / FCF	25.2x	18.2x	17.2x	19.1x	22x	18.2x	16x	14.7x
FCF Yield	3.97%	5.48%	5.83%	5.24%	4.55%	5.5%	6.24%	6.78%
Dividend per Share ²	6.55	6.52	6.63	6.67	6.71	6.763	6.82	6.952
Rate of return	4.9%	4.63%	4.05%	3.03%	2.27%	2.68%	2.7%	2.75%
EPS ²	6.35	1.8	8.14	6.43	11.17	9.997	11.23	12.79
Distribution rate	103%	362%	81.4%	104%	60.1%	67.6%	60.7%	54.3%
Net sales ¹	57,350	60,530	61,860	62,753	67,535	70,567	73,238	77,211
EBITDA ¹	-	14,739	15,447	16,400	19,200	20,258	21,525	22,929
EBIT ¹	-	9,937	11,052	11,263	14,126	14,889	15,982	17,719
Net income ¹	5,743	1,639	7,502	6,023	10,593	9,559	11,166	12,534
Net Debt ¹	44,147	42,108	43,085	40,168	46,789	48,365	35,779	31,897
Reference price ²	133.66	140.89	163.55	219.83	296.21	252.51	252.51	252.51
Nbr of stocks (in thousands)	896,800	904,126	913,119	924,645	934,735	945,121	-	-
Announcement Date	1/24/22	1/25/23	1/24/24	1/29/25	1/28/26	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
IBM	25.26x	4.07x	14.17x	2.68%	239B
SALESFORCE, INC.	21.65x	4.58x	11.23x	0.77%	186B
ACCENTURE PLC	17.82x	2.02x	10.41x	2.65%	154B
SNOWFLAKE INC.	-115.49x	15.84x	87.11x	-.--%	102B
TATA CONSULTANCY SERVICES LTD.	16.31x	2.94x	11.35x	4.93%	95.61B
CLOUDFLARE, INC.	-457.45x	32.43x	133.21x	-.--%	94.42B
RELX PLC	23.22x	6.01x	14.75x	2.43%	69.98B
INFOSYS LIMITED	15.24x	2.21x	9.41x	5.06%	49.67B
HCL TECHNOLOGIES LIMITED	19.53x	2.51x	12.03x	4.42%	41B
NEC CORPORATION	20.46x	1.56x	9.85x	0.9%	40.81B
Average	-41.35x	7.42x	31.35x	2.38%	107.29B
Weighted average by Cap.	-34.16x	7.27x	29.88x	2.15%