Valuation IBM

Stocks

Real-time Estimate Cboe BZX 10:17:55 2026-08-28 am EDT			5-day change	1st Jan Change
236.85 ^USD	-0.81%		+0.46%	-20.07%

Aug. 27	Major tech companies call for defensive surge to defeat AI-driven hacks	RE
Aug. 26	IBM completes the acquisition of HRL Laboratories

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	224,972	-	-
Change	-	6.27%	17.24%	36.11%	36.22%	-18.75%	-	-
Enterprise Value (EV) ¹	164,013	169,490	192,426	243,433	323,667	268,285	258,536	253,413
Change	-	3.34%	13.53%	26.51%	32.96%	-17.11%	-3.63%	-1.98%
P/E	21x	78.3x	20.1x	34.2x	26.5x	23.4x	21.2x	18.9x
PBR	6.34x	5.8x	6.64x	7.46x	8.5x	5.84x	5.04x	4.35x
PEG	-	-1.1x	0x	-1.6x	0.4x	-2.65x	2x	1.5x
Capitalization / Revenue	2.09x	2.1x	2.41x	3.24x	4.1x	3.2x	3.07x	2.92x
EV / Revenue	2.86x	2.8x	3.11x	3.88x	4.79x	3.81x	3.53x	3.29x
EV / EBITDA	-	11.5x	12.5x	14.8x	16.9x	13.3x	12x	11.1x
EV / EBIT	-	17.1x	17.4x	21.6x	22.9x	17.9x	16.2x	14.4x
EV / FCF	25.2x	18.2x	17.2x	19.1x	22x	17.3x	15.1x	14x
FCF Yield	3.97%	5.48%	5.83%	5.24%	4.55%	5.77%	6.64%	7.12%
Dividend per Share ²	6.55	6.52	6.63	6.67	6.71	6.766	6.813	6.949
Rate of return	4.9%	4.63%	4.05%	3.03%	2.27%	2.83%	2.85%	2.91%
EPS ²	6.35	1.8	8.14	6.43	11.17	10.19	11.25	12.65
Distribution rate	103%	362%	81.4%	104%	60.1%	66.4%	60.6%	54.9%
Net sales ¹	57,350	60,530	61,860	62,753	67,535	70,384	73,198	76,948
EBITDA ¹	-	14,739	15,447	16,400	19,200	20,153	21,555	22,784
EBIT ¹	-	9,937	11,052	11,263	14,126	14,973	15,999	17,606
Net income ¹	5,743	1,639	7,502	6,023	10,593	9,867	11,298	12,433
Net Debt ¹	44,147	42,108	43,085	40,168	46,789	43,313	33,564	28,440
Reference price ²	133.66	140.89	163.55	219.83	296.21	238.79	238.79	238.79
Nbr of stocks (in thousands)	896,800	904,126	913,119	924,645	934,735	942,134	-	-
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	23.44x	3.81x	13.31x	2.83%	225B
ACCENTURE PLC	13.92x	1.53x	8.06x	3.45%	115B
SNOWFLAKE INC.	-115.12x	18.31x	105.89x	-.--%	114B
TATA CONSULTANCY SERVICES LTD.	14.56x	2.66x	10.03x	5.64%	85.18B
RELX PLC	20.89x	5.46x	13.41x	2.73%	63.33B
INFOSYS LIMITED	14.56x	2.12x	8.98x	5.35%	47.1B
FUJITSU LIMITED	21.18x	1.73x	10.68x	1.43%	40.87B
NEC CORPORATION	20.56x	1.56x	9.88x	0.9%	39.42B
HCL TECHNOLOGIES LIMITED	17.7x	2.23x	10.7x	4.94%	36.32B
AMADEUS IT GROUP, S.A.	17.92x	3.89x	10.05x	2.79%	28.48B
Average	4.96x	4.33x	20.10x	3.01%	79.44B
Weighted average by Cap.	-0.23x	5.18x	24.70x	2.88%