IBM

International Business Machines
D

IBM

Arincen70/100B

International Business Machines P/E ratio

International Business Machines's P/E ratio is 20.87: its share price of 248.32 over its earnings per share of 11.90 over the last twelve months.

Today
20.87
Forward P/E, next 12 months
18.89
PEG ratio
7.34
Median, 5 years
25.52
Low, 5 years
17.88
High, 5 years
107.59

P/E ratio = price ÷ EPS (last 12 months) = 248.32 ÷ 11.90 = 20.87

Each day's closing price over the earnings per share of the last four quarters reported by that day (basic EPS, adjusted for splits). The P/E moves with the price every day and with the earnings at each report.

The forward P/E divides the price by the analysts' average EPS estimate for the next twelve months: the fiscal year in progress for the months left in it, the next one for the rest. For past days it uses each year's latest estimate, as the estimates of the time were not recorded (we keep a daily copy from November 2026), so the past line reads the price against the earnings expected by the time each year was reported.

Is International Business Machines's P/E high compared with its own history?

International Business Machines's P/E of 20.9 is below the middle of its 5-year range (17.9 to 107.6, median 25.5). Analysts expect slower growth than in recent years, so the low P/E may be deserved.

Is the price fair? See the whole check

A P/E is compared with the stock's own last five years, not with other companies. Why the market pays more or less (news, rates, the sector) is not in these figures.

P/E ratio by year and by quarter

Fiscal yearPeriod endingP/E ratioForward P/EMarket capNet income
FY2027 · Estimate31 Dec 202718.72———
FY2026 · Estimate31 Dec 202620.00———
Today20.8718.89234.69B11.15B
FY202531 Dec 202526.1223.86276.16B10.57B
FY202431 Dec 202434.2119.36206.02B6.02B
FY202331 Dec 202319.8716.05149.03B7.50B
FY202231 Dec 202277.5914.77127.18B1.64B
FY202131 Dec 202120.8514.64119.76B5.74B
FY202031 Dec 202020.0513.41112.07B5.59B
FY201931 Dec 201912.6116.59118.93B9.43B
FY201831 Dec 201811.889.29103.67B8.73B
FY201731 Dec 201724.8811.65143.11B5.75B
FY201631 Dec 201613.3612.58158.59B11.87B
FY201531 Dec 201510.2110.70134.69B13.19B
FY201431 Dec 201413.4011.25161.13B12.02B
FY201331 Dec 201312.4511.13205.29B16.48B
FY201231 Dec 201213.1811.60218.85B16.60B
FY201131 Dec 201113.8812.63220.10B15.86B
FY201031 Dec 201012.5511.42186.21B14.83B
FY200931 Dec 200912.9411.79173.73B13.43B
FY200831 Dec 20089.289.30114.44B12.33B
FY200731 Dec 200714.7714.04153.84B10.42B
FY200631 Dec 200615.6714.15148.72B9.49B
FY200531 Dec 200516.5814.51131.58B7.93B
FY200431 Dec 200422.0821.15165.11B7.48B
FY200331 Dec 200324.3319.19159.55B6.56B
FY200231 Dec 200224.7518.19132.00B5.33B
FY200131 Dec 200125.7433.23209.65B8.15B
FY200031 Dec 200018.5020.03149.73B8.09B
FY199931 Dec 199925.2825.72194.92B7.71B
FY199831 Dec 199827.2027.49172.14B6.33B
FY199731 Dec 199716.8716.23102.79B6.09B
FY199631 Dec 199614.7312.6679.98B5.43B
FY199531 Dec 199512.44—51.98B4.18B
FY199431 Dec 199414.22—42.95B3.02B
FY199331 Dec 1993——32.30B-8.10B
FY199231 Dec 1992——28.74B-4.97B
FY199131 Dec 1991——50.15B-564.00M
FY199031 Dec 199010.73—64.60B6.02B
FY198931 Dec 198914.51—54.55B3.76B
FY198831 Dec 198813.12—72.04B5.49B
FY198731 Dec 198713.23—69.58B5.26B
FY198631 Dec 198615.29—73.22B4.79B
FY198531 Dec 198514.55—95.35B6.56B

Figures in USD. A quarter's revenue, net income and dividends are those of its last four quarters. A forecast year's P/E is today's price over the analysts' EPS estimate for that year.

See also:Market cap,P/S ratio,Dividend yield,ROE (return on equity),Debt to equity,Current ratio,All ratios

Common questions about International Business Machines's P/E ratio

Source: Financial Modeling Prep