Switch to:
Also traded in: Argentina, Belgium, Brazil, Chile, Germany, Mexico, Netherlands, Peru, Switzerland, UK

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt 0.24
IBM's Cash to Debt is ranked lower than
87% of the 1906 Companies
in the Global Information Technology Services industry.

( Industry Median: 6.17 vs. IBM: 0.24 )
Ranked among companies with meaningful Cash to Debt only.
IBM' s Cash to Debt Range Over the Past 10 Years
Min: 0.1  Med: 0.29 Max: 0.6
Current: 0.24
0.1
0.6
Equity to Asset 0.15
IBM's Equity to Asset is ranked lower than
92% of the 1812 Companies
in the Global Information Technology Services industry.

( Industry Median: 0.61 vs. IBM: 0.15 )
Ranked among companies with meaningful Equity to Asset only.
IBM' s Equity to Asset Range Over the Past 10 Years
Min: 0.1  Med: 0.23 Max: 0.33
Current: 0.15
0.1
0.33
Interest Coverage 21.96
IBM's Interest Coverage is ranked lower than
69% of the 1452 Companies
in the Global Information Technology Services industry.

( Industry Median: 195.28 vs. IBM: 21.96 )
Ranked among companies with meaningful Interest Coverage only.
IBM' s Interest Coverage Range Over the Past 10 Years
Min: 21.96  Med: 42.62 Max: 50.53
Current: 21.96
21.96
50.53
F-Score: 5
Z-Score: 3.92
M-Score: -2.77
WACC vs ROIC
7.46%
27.45%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 16.43
IBM's Operating margin (%) is ranked higher than
81% of the 1850 Companies
in the Global Information Technology Services industry.

( Industry Median: 4.76 vs. IBM: 16.43 )
Ranked among companies with meaningful Operating margin (%) only.
IBM' s Operating margin (%) Range Over the Past 10 Years
Min: 13.05  Med: 18.57 Max: 20.65
Current: 16.43
13.05
20.65
Net-margin (%) 14.75
IBM's Net-margin (%) is ranked higher than
83% of the 1850 Companies
in the Global Information Technology Services industry.

( Industry Median: 3.09 vs. IBM: 14.75 )
Ranked among companies with meaningful Net-margin (%) only.
IBM' s Net-margin (%) Range Over the Past 10 Years
Min: 10.38  Med: 14.43 Max: 16.76
Current: 14.75
10.38
16.76
ROE (%) 78.66
IBM's ROE (%) is ranked higher than
99% of the 1799 Companies
in the Global Information Technology Services industry.

( Industry Median: 5.80 vs. IBM: 78.66 )
Ranked among companies with meaningful ROE (%) only.
IBM' s ROE (%) Range Over the Past 10 Years
Min: 30.82  Med: 71.4 Max: 100.96
Current: 78.66
30.82
100.96
ROA (%) 10.35
IBM's ROA (%) is ranked higher than
81% of the 1912 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.83 vs. IBM: 10.35 )
Ranked among companies with meaningful ROA (%) only.
IBM' s ROA (%) Range Over the Past 10 Years
Min: 9.08  Med: 11.94 Max: 14.09
Current: 10.35
9.08
14.09
ROC (Joel Greenblatt) (%) 82.68
IBM's ROC (Joel Greenblatt) (%) is ranked higher than
72% of the 1873 Companies
in the Global Information Technology Services industry.

( Industry Median: 21.79 vs. IBM: 82.68 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
IBM' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 77.57  Med: 104.19 Max: 124.03
Current: 82.68
77.57
124.03
Revenue Growth (3Y)(%) -2.20
IBM's Revenue Growth (3Y)(%) is ranked lower than
69% of the 1428 Companies
in the Global Information Technology Services industry.

( Industry Median: 5.10 vs. IBM: -2.20 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
IBM' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -2.2  Med: 5.7 Max: 12.4
Current: -2.2
-2.2
12.4
EBITDA Growth (3Y)(%) -4.90
IBM's EBITDA Growth (3Y)(%) is ranked lower than
69% of the 1186 Companies
in the Global Information Technology Services industry.

( Industry Median: 7.90 vs. IBM: -4.90 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
IBM' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -11.7  Med: 9.5 Max: 15.5
Current: -4.9
-11.7
15.5
EPS Growth (3Y)(%) -2.60
IBM's EPS Growth (3Y)(%) is ranked lower than
64% of the 1076 Companies
in the Global Information Technology Services industry.

( Industry Median: 7.60 vs. IBM: -2.60 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
IBM' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -9.3  Med: 13.7 Max: 21.9
Current: -2.6
-9.3
21.9
GuruFocus has detected 4 Warning Signs with International Business Machines Corp $IBM.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» IBM's 10-Y Financials

Financials (Next Earnings Date: 2017-01-19)


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

IBM Guru Trades in Q1 2016

David Dreman 5,774 sh (New)
Louis Moore Bacon 9,700 sh (New)
Arnold Van Den Berg 73,110 sh (+3492.63%)
Joel Greenblatt 349,503 sh (+24.39%)
Tweedy Browne 409,100 sh (+21.97%)
Barrow, Hanley, Mewhinney & Strauss 905,526 sh (+12.04%)
Chris Davis 20,168 sh (+4.33%)
Kahn Brothers 7,358 sh (+2.79%)
Mario Gabelli 14,790 sh (+2.78%)
John Rogers 55,310 sh (+2.62%)
Diamond Hill Capital 1,318,227 sh (+0.85%)
Edward Lampert 640,013 sh (+0.60%)
Mairs and Power 198,907 sh (+0.42%)
Warren Buffett 81,232,303 sh (+0.25%)
First Eagle Investment 9,052 sh (unchged)
Jerome Dodson 235,000 sh (unchged)
Tweedy Browne Global Value 115,635 sh (unchged)
John Hussman 950 sh (unchged)
Prem Watsa 1,362,500 sh (unchged)
Paul Tudor Jones 18,700 sh (unchged)
Paul Tudor Jones 29,500 sh (unchged)
Robert Bruce 86,500 sh (unchged)
Bruce Berkowitz Sold Out
Paul Tudor Jones Sold Out
Ray Dalio Sold Out
T Rowe Price Equity Income Fund Sold Out
Manning & Napier Advisors, Inc 84,437 sh (-1.62%)
Dodge & Cox 101,680 sh (-2.15%)
John Buckingham 36,405 sh (-2.18%)
Jeremy Grantham 996,296 sh (-4.80%)
Tom Russo 8,674 sh (-5.04%)
Ken Fisher 22,337 sh (-11.10%)
Pioneer Investments 100,349 sh (-39.12%)
Ruane Cunniff 742,244 sh (-40.46%)
» More
Q2 2016

IBM Guru Trades in Q2 2016

First Eagle Investment 22,972 sh (+153.78%)
Tom Russo 11,274 sh (+29.97%)
Manning & Napier Advisors, Inc 99,178 sh (+17.46%)
Pioneer Investments 109,782 sh (+9.40%)
Barrow, Hanley, Mewhinney & Strauss 935,126 sh (+3.27%)
John Buckingham 36,534 sh (+0.35%)
Prem Watsa 1,362,500 sh (unchged)
John Hussman 950 sh (unchged)
Kahn Brothers 7,358 sh (unchged)
Jerome Dodson 235,000 sh (unchged)
Tweedy Browne Global Value 115,635 sh (unchged)
Paul Tudor Jones 18,500 sh (unchged)
Warren Buffett 81,232,303 sh (unchged)
Paul Singer 700,000 sh (unchged)
John Rogers 55,310 sh (unchged)
Robert Bruce 86,500 sh (unchged)
Paul Tudor Jones 15,100 sh (unchged)
Chris Davis Sold Out
Mairs and Power 196,805 sh (-1.06%)
Tweedy Browne 402,985 sh (-1.49%)
David Dreman 5,669 sh (-1.82%)
Arnold Van Den Berg 71,715 sh (-1.91%)
Dodge & Cox 99,556 sh (-2.09%)
Jeremy Grantham 958,444 sh (-3.80%)
Ken Fisher 20,714 sh (-7.27%)
Joel Greenblatt 321,683 sh (-7.96%)
Mario Gabelli 13,490 sh (-8.79%)
Edward Lampert 569,471 sh (-11.02%)
Diamond Hill Capital 1,162,395 sh (-11.82%)
Louis Moore Bacon 3,763 sh (-61.21%)
Ruane Cunniff 14,707 sh (-98.02%)
» More
Q3 2016

IBM Guru Trades in Q3 2016

Ray Dalio 103,100 sh (New)
Paul Tudor Jones 5,153 sh (New)
Pioneer Investments 117,839 sh (+7.34%)
Ken Fisher 21,282 sh (+2.74%)
First Eagle Investment 22,972 sh (unchged)
John Hussman 950 sh (unchged)
Robert Bruce 86,500 sh (unchged)
Paul Singer 350,000 sh (unchged)
Warren Buffett 81,232,303 sh (unchged)
David Dreman 5,669 sh (unchged)
Jerome Dodson 235,000 sh (unchged)
Prem Watsa 1,362,500 sh (unchged)
Tweedy Browne Global Value 115,635 sh (unchged)
Louis Moore Bacon Sold Out
Dodge & Cox 98,956 sh (-0.60%)
John Buckingham 36,194 sh (-0.93%)
Mario Gabelli 13,338 sh (-1.13%)
Manning & Napier Advisors, Inc 97,674 sh (-1.52%)
Arnold Van Den Berg 70,507 sh (-1.68%)
Tweedy Browne 394,950 sh (-1.99%)
Ruane Cunniff 14,394 sh (-2.13%)
Barrow, Hanley, Mewhinney & Strauss 905,926 sh (-3.12%)
Tom Russo 10,749 sh (-4.66%)
John Rogers 52,688 sh (-4.74%)
Mairs and Power 186,501 sh (-5.24%)
Kahn Brothers 5,883 sh (-20.05%)
Jeremy Grantham 599,457 sh (-37.46%)
Edward Lampert 329,203 sh (-42.19%)
Diamond Hill Capital 556,717 sh (-52.11%)
Joel Greenblatt 127,963 sh (-60.22%)
» More
Q4 2016

IBM Guru Trades in Q4 2016

Tweedy Browne Global Value 115,635 sh (unchged)
Jerome Dodson 235,000 sh (unchged)
Ken Fisher 20,802 sh (-2.26%)
Arnold Van Den Berg 68,381 sh (-3.02%)
» More
» Details

Insider Trades

Latest Guru Trades with IBM

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

No Entry found in the selected group of Gurus. You can
  • 1. Modify your Personalized List of Gurus, or
  • 2. Click on Premium Premium Tools above to check out all the Gurus, or
  • 3. Click on Premium Plus Premium Plus above for the stocks picks of all the institutional investment advisors (>4000)
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Business Description

Industry: Application Software » Information Technology Services    NAICS: 541512    SIC: 7373
Compare:NYSE:ACN, NAS:CTSH, NYSE:INFY, OTCPK:HTHIF, NYSE:WIT, OTCPK:AMADY, NYSE:GIB, OTCPK:CGEMY, OTCPK:FJTSY, OTCPK:AEXAY, NYSE:CSC, NAS:CDW, NYSE:IT, NYSE:LDOS, NYSE:XRX, NAS:SABR, OTCPK:NRILY, OTCPK:NIPNF, OTCPK:TSYHY, NYSE:CSRA » details
Traded in other countries:IBM.Argentina, IBMC.Belgium, IBMB34.Brazil, IBM.Chile, IBM.Germany, IBM.Mexico, IBMA.Netherlands, IBM.Peru, IBM.Switzerland, IBM.UK,
International Business Machines Corp is an Information Technology (IT) company. It creates business value for clients and solves business problems through integrated solutions that leverage information technology & knowledge of business processes.

International Business Machines Corp was incorporated in the State of New York on June 16, 1911. The company creates business value for clients and solves business problems through integrated solutions that leverage information technology and knowledge of business processes. Its solutions create value by reducing a client's operational costs or by enabling new capabilities that generate revenue. These solutions draw from an industry portfolio of consulting, delivery and implementation services, enterprise software, systems and financing. The company's operations consist of five business segments namely Global Technology Services and Global Business Services, which the company collectively calls Global Services, and Software, Systems and Technology and Global Financing. Global Services is a component of the company's strategy of providing IT infrastructure and business insight and solutions to clients. While solutions include industry's IBM software and systems, other suppliers' products are also used if a client solution requires it. Within Global Services, there are two reportable segments namely Global Technology Services and Global Business Services. Global Technology Services (GTS) provides IT infrastructure and business process services, creating business value for clients through technology and IP, Global Business Services (GBS) delivers predictable business outcomes to the company's clients across two primary business areas namely Consulting and Application Management Services. The role of GBS is to drive initiatives that integrate IBM content and solutions and drive the progress of the company's four growth initiatives. Software consists of middleware and operating systems software. Middleware software enables clients to integrate systems, processes and applications across a standard software platform to improve their business results, solve critical problems and gain competitive advantage within their industries. IBM middleware is designed on open standards, making it easier to integrate disparate business applications, developed by different methods and implemented at different times. Operating systems are the software engines that run computers. Systems and Technology (STG) provides clients with business solutions requiring computing power and storage capabilities. Approximately half of Systems and Technology's server and storage sales transactions are through the company's business partners; with the balance direct to end-user clients. In addition, Systems and Technology provides semiconductor technology, products and packaging solutions for IBM's own technology needs and for external clients. Global Financing invests in financing assets, leverages with debt and manages the associated risks with the objective of generating consistent returns on equity. The Company operates in more than 175 countries. The Company's competitors include Cisco Systems, Inc. (Cisco), Dell, Inc., EMC Corporation, HP and Oracle. The company

Guru Investment Theses on International Business Machines Corp

Parnassus Fund Comments on International Business Machines - May 09, 2016

International Business Machines (NYSE:IBM), one of the world’s largest providers of information technology solutions and services, rose 10.1% from $137.62 to $151.45, adding 48 basis points to the Fund. The stock slumped early in the quarter after the company delivered weaker-than-expected earnings due to stiff currency headwinds and sluggish demand for its legacy software. However, the stock rebounded, as investors became more optimistic about IBM’s growth prospects related to its newer software offerings and the Watson Data Analytics Platform. Investor sentiment continued to move higher after IBM announced several strategic acquisitions, including a $2.6 billion purchase of a private healthcare analytics provider. We still see plenty of upside in the stock as IBM gains further traction with its high-growth software and analytics offerings, which should result in higher earnings in the future.



From the Parnassus Fund first quarter 2016 shareholder letter.



Check out Jerome Dodson latest stock trades

Sequoia Fund Comments on IBM - Aug 28, 2015

Question:



I noticed the fund has a position in IBM and there have been many questions about Google. They seem to be companies moving in two different directions. Even though IBM screens cheaply on metrics, what is your attraction to the business right now?



Will Pan:



If you go back a little bit, IBM (NYSE:IBM) in 2010 put out a plan that it called the 2015 Roadmap. Management said that by 2015 it would be earning $20 per share. That was through a mix of a little bit of revenue growth, a bit of operating margin expansion as the mix moved more towards higher margin software and other higher margin services. And also IBM was going to cut some costs. Then there was a large component that was repurchase of shares. The plan was credible. IBM had hit one before. It seemed doable going forward at the time.



Mike Tyson says everybody has got a plan until they get punched in the face. And IBM got punched in the face a couple times — IBM did not keep its hands up the whole time. So in 2013, the company had some issues with its mid-range UNIX hardware business. Two things happened. One was Intel got more competitive at that range of systems. Then IBM also had been seeing good growth in those types of systems overseas. With Edward Snowden’s revelations about the NSA installing back doors in western vendors’ hardware, suddenly all those emerging market consumers, customers, got skittish, understandably. So IBM had an issue there. Also management was not able to grow its large software business as much as it thought it might. That is an execution issue on IBM’s part. Management also maybe went a little bit too far in terms of cost cutting. It was not keeping its employees very satisfied.



Finally, the last issue that caused the company to abandon the roadmap came when the dollar strengthened. IBM is an extremely global company — 75% of the sales are outside the United States. With the strong dollar, the company faced a very large headwind. As a result, in the third quarter of last year, IBM decided to give up the roadmap, probably a little bit too late. There were some cracks already showing and you could see them when the company repurchased a huge amount of its stock, $8 billion worth, in the first quarter of 2014. It was also taking increasingly large restructuring charges.



On the other hand, the mainframe turned 50 years old recently and people have been saying it has been dead for 10 − 20 − 30 years. First mini computers came at it and then the PC came at it and now you have got the cloud. This is not lost on CIOs who have mainframes. They have not been sleeping under rocks — they have considered this. But consider what it means for the CIOs. If you are a bank and you run your core banking application on a mainframe and it has been running smoothly for 40 − 50 years. You pay tens of millions of dollars to IBM to maintain all that, but when you do the calculation on whether to replace that, at the end of the day, you get your core banking application on another platform. That is all you get. There is really no big ROI for that. Who would want to risk an entire career and an entire company on something like that?



As part of its roadmap, IBM has repurchased an enormous number of shares. Whether the company repurchased those shares on our behalf at a good price is going to be proven out by whether the company can take advantage of new waves going forward. One of the new waves is cloud. IBM was kind of late to the game there. But it is somewhat hard to blame the company because many enterprises were quite reluctant. IBM really focuses on the global 2000 and if most of those customers were not really receptive, then there is only so much that you can do. You can spend a lot of money trying to force the technology but often it is really about getting the timing right. Apple tried handheld computing once with the Newton twenty years ago and it did not work. Then Microsoft tried a decade later with the tablet PC and it did not work. Only with the iPad did it work.



IBM has got a couple irons in the fire today: It is trying to seize mobile by doing a partnership with Apple and rewriting or adding new enterprise applications that run on iPads. Ginni Rometty, IBM’s CEO, has been on this push for cognitive computing, which is trying to build expert systems like Watson that faced off against the Jeopardy champions. There are some other initiatives around security, which is paramount to IBM’s customers. So we feel that the franchises are not going away. It remains to be seen whether the company is going to be able to capitalize on what it has got going forward. In the meantime, we paid $130 on $11.52 per share of earnings, and right now the stock is at $174 on about $16 per share of earnings.



From Ruane, Cunniff & Goldfarb Investor Day 2015 Transcript Part II - Sequoia Fund.



Check out Ruane Cunniff latest stock trades

Diamond Hill Capital Comments on International Business Machines Corp - Mar 17, 2015

Diversified information technology company International Business Machines Corp. (IBM) declined after the company reported disappointing third quarter earnings and management indicated that it would fail to meet the 2015 earnings guidance detailed in the company’s much-publicized 2015 Roadmap.

From Diamond Hill Capital (Trades, Portfolio)’s Select Fund Q4 2014 Commentary.

Check out Diamond Hill Capital latest stock trades

Top Ranked Articles about International Business Machines Corp

What Does 'Understanding' a Business Really Mean? It means understanding the economics that drive customer and competitor decision making
Someone who reads my blog emailed me this question: Read more...
Jim Rogers Is 1 of the World's Best Investors His fund made 4,200% while the S&P 500 returned 47%
I recently reread the book “Street Smarts” by Jim Rogers. It’s an excellent book. Read more...
Watson Analytics - The Real Heart of IBM? Cloud is the most talked-about, but Watson could be the real hero
IBM (NYSE:IBM) changed its reporting segments earlier this year to help investors understand and gain more visibility into the changing nature of its traditional and futuristic business lines. It also started providing standalone numbers on several individual business lines such as analytics, mobile, cloud, security and social, calling them the “strategic imperatives.” Read more...
Amazon 2nd Quarter Preview: Will AWS Keep Its Lead in Cloud? Though retail is starting to show profitability again, AWS still carries the burden of consistent bottom line growth
Amazon will be reporting its second quarter earnings on July 28. The first quarter earnings results was so good that the stock popped from $600 to $683 in a few days after the results came out, and it has continued its upward momentum since then, trading near $750 in the last few days. Read more...
US Market Indexes Continue to Gain With Active Stock Trading Mondelez and Hershey in the news after merger discussions
U.S. market indexes were higher on Thursday. Read more...
Bruce Berkowitz Buys Bank of America, Sells Leucadia National The investor's largest trades in the 1st quarter
Bruce Berkowitz (Trades, Portfolio) is the founder and the managing member of the Fairholme Fund (Trades, Portfolio). During the first quarter he traded the following stocks: Read more...
Parnassus Fund Comments on International Business Machines Guru stock highlight
International Business Machines (NYSE:IBM), one of the world’s largest providers of information technology solutions and services, rose 10.1% from $137.62 to $151.45, adding 48 basis points to the Fund. The stock slumped early in the quarter after the company delivered weaker-than-expected earnings due to stiff currency headwinds and sluggish demand for its legacy software. However, the stock rebounded, as investors became more optimistic about IBM’s growth prospects related to its newer software offerings and the Watson Data Analytics Platform. Investor sentiment continued to move higher after IBM announced several strategic acquisitions, including a $2.6 billion purchase of a private healthcare analytics provider. We still see plenty of upside in the stock as IBM gains further traction with its high-growth software and analytics offerings, which should result in higher earnings in the future. Read more...
Chase Coleman Sells Autohome, IBM in 4th Quarter Most sales did not greatly impact portfolio
Chase Coleman (Trades, Portfolio) is the founder of Tiger Global Management. During the fourth quarter he sold many stocks. Read more...
Bruce Berkowitz Sells Bank of America, Citigroup His largest sales had impacts higher than 4% on his portfolio
Bruce Berkowitz (Trades, Portfolio) is the founder and the managing member of the Fairholme Fund (Trades, Portfolio). He concentrates his investments in a relatively small number of companies. During the fourth quarter he sold many stocks. Read more...
T Rowe Trims Holdings in U.S. Bancorp, AT&T New manager John Linehan takes over at T Rowe Price Equity Income Fund
Brian Rogers recently stepped down from managing the T. Rowe Price Equity Income Fund (PRFDX), which he had managed since its inception in 1985. John Linehan now oversees the fund as of the fourth quarter of 2015. The portfolio is composed of 113 stocks with total value of $22.2 billion. The following are the stakes the fund reduced during the fourth quarter. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 13.62
IBM's P/E(ttm) is ranked higher than
79% of the 1213 Companies
in the Global Information Technology Services industry.

( Industry Median: 24.90 vs. IBM: 13.62 )
Ranked among companies with meaningful P/E(ttm) only.
IBM' s P/E(ttm) Range Over the Past 10 Years
Min: 8.94  Med: 13.58 Max: 17.92
Current: 13.62
8.94
17.92
Forward P/E 12.02
IBM's Forward P/E is ranked higher than
89% of the 301 Companies
in the Global Information Technology Services industry.

( Industry Median: 20.45 vs. IBM: 12.02 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 13.62
IBM's PE(NRI) is ranked higher than
80% of the 1210 Companies
in the Global Information Technology Services industry.

( Industry Median: 25.80 vs. IBM: 13.62 )
Ranked among companies with meaningful PE(NRI) only.
IBM' s PE(NRI) Range Over the Past 10 Years
Min: 8.89  Med: 13.07 Max: 18.06
Current: 13.62
8.89
18.06
Price/Owner Earnings (ttm) 12.35
IBM's Price/Owner Earnings (ttm) is ranked higher than
79% of the 746 Companies
in the Global Information Technology Services industry.

( Industry Median: 23.89 vs. IBM: 12.35 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
IBM' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 8.9  Med: 14.31 Max: 19.36
Current: 12.35
8.9
19.36
P/B 9.31
IBM's P/B is ranked lower than
86% of the 1779 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.86 vs. IBM: 9.31 )
Ranked among companies with meaningful P/B only.
IBM' s P/B Range Over the Past 10 Years
Min: 3.34  Med: 9.01 Max: 14.09
Current: 9.31
3.34
14.09
P/S 2.01
IBM's P/S is ranked higher than
54% of the 1765 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.26 vs. IBM: 2.01 )
Ranked among companies with meaningful P/S only.
IBM' s P/S Range Over the Past 10 Years
Min: 1  Med: 1.8 Max: 2.43
Current: 2.01
1
2.43
PFCF 11.18
IBM's PFCF is ranked higher than
85% of the 659 Companies
in the Global Information Technology Services industry.

( Industry Median: 25.00 vs. IBM: 11.18 )
Ranked among companies with meaningful PFCF only.
IBM' s PFCF Range Over the Past 10 Years
Min: 8.08  Med: 14.02 Max: 17.35
Current: 11.18
8.08
17.35
POCF 8.69
IBM's POCF is ranked higher than
82% of the 830 Companies
in the Global Information Technology Services industry.

( Industry Median: 17.48 vs. IBM: 8.69 )
Ranked among companies with meaningful POCF only.
IBM' s POCF Range Over the Past 10 Years
Min: 5.98  Med: 9.76 Max: 13.01
Current: 8.69
5.98
13.01
EV-to-EBIT 14.70
IBM's EV-to-EBIT is ranked higher than
58% of the 1184 Companies
in the Global Information Technology Services industry.

( Industry Median: 17.51 vs. IBM: 14.70 )
Ranked among companies with meaningful EV-to-EBIT only.
IBM' s EV-to-EBIT Range Over the Past 10 Years
Min: 7.5  Med: 10.9 Max: 14.9
Current: 14.7
7.5
14.9
EV-to-EBITDA 11.05
IBM's EV-to-EBITDA is ranked higher than
60% of the 1281 Companies
in the Global Information Technology Services industry.

( Industry Median: 13.65 vs. IBM: 11.05 )
Ranked among companies with meaningful EV-to-EBITDA only.
IBM' s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.7  Med: 8.7 Max: 11.3
Current: 11.05
5.7
11.3
PEG 6.85
IBM's PEG is ranked lower than
84% of the 558 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.01 vs. IBM: 6.85 )
Ranked among companies with meaningful PEG only.
IBM' s PEG Range Over the Past 10 Years
Min: 0.59  Med: 1.3 Max: 10.48
Current: 6.85
0.59
10.48
Shiller P/E 13.57
IBM's Shiller P/E is ranked higher than
87% of the 286 Companies
in the Global Information Technology Services industry.

( Industry Median: 38.52 vs. IBM: 13.57 )
Ranked among companies with meaningful Shiller P/E only.
IBM' s Shiller P/E Range Over the Past 10 Years
Min: 10.3  Med: 20.72 Max: 25.89
Current: 13.57
10.3
25.89
Current Ratio 1.20
IBM's Current Ratio is ranked lower than
76% of the 1854 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.01 vs. IBM: 1.20 )
Ranked among companies with meaningful Current Ratio only.
IBM' s Current Ratio Range Over the Past 10 Years
Min: 0.88  Med: 1.21 Max: 1.37
Current: 1.2
0.88
1.37
Quick Ratio 1.15
IBM's Quick Ratio is ranked lower than
74% of the 1854 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.85 vs. IBM: 1.15 )
Ranked among companies with meaningful Quick Ratio only.
IBM' s Quick Ratio Range Over the Past 10 Years
Min: 0.82  Med: 1.11 Max: 1.33
Current: 1.15
0.82
1.33
Days Inventory 14.58
IBM's Days Inventory is ranked higher than
53% of the 1072 Companies
in the Global Information Technology Services industry.

( Industry Median: 17.60 vs. IBM: 14.58 )
Ranked among companies with meaningful Days Inventory only.
IBM' s Days Inventory Range Over the Past 10 Years
Min: 14.58  Med: 16.93 Max: 19.41
Current: 14.58
14.58
19.41
Days Sales Outstanding 3.97
IBM's Days Sales Outstanding is ranked higher than
98% of the 1485 Companies
in the Global Information Technology Services industry.

( Industry Median: 67.06 vs. IBM: 3.97 )
Ranked among companies with meaningful Days Sales Outstanding only.
IBM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.97  Med: 44.12 Max: 46.92
Current: 3.97
3.97
46.92
Days Payable 46.47
IBM's Days Payable is ranked higher than
54% of the 1313 Companies
in the Global Information Technology Services industry.

( Industry Median: 42.66 vs. IBM: 46.47 )
Ranked among companies with meaningful Days Payable only.
IBM' s Days Payable Range Over the Past 10 Years
Min: 44.16  Med: 53.8 Max: 55.27
Current: 46.47
44.16
55.27

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.31
IBM's Dividend Yield is ranked higher than
82% of the 1256 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.67 vs. IBM: 3.31 )
Ranked among companies with meaningful Dividend Yield only.
IBM' s Dividend Yield Range Over the Past 10 Years
Min: 0.96  Med: 1.71 Max: 4.13
Current: 3.31
0.96
4.13
Dividend Payout 0.44
IBM's Dividend Payout is ranked higher than
79% of the 762 Companies
in the Global Information Technology Services industry.

( Industry Median: 0.36 vs. IBM: 0.44 )
Ranked among companies with meaningful Dividend Payout only.
IBM' s Dividend Payout Range Over the Past 10 Years
Min: 0.18  Med: 0.22 Max: 0.44
Current: 0.44
0.18
0.44
Dividend Growth (3y) 14.90
IBM's Dividend Growth (3y) is ranked higher than
64% of the 562 Companies
in the Global Information Technology Services industry.

( Industry Median: 8.20 vs. IBM: 14.90 )
Ranked among companies with meaningful Dividend Growth (3y) only.
IBM' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 7.3  Med: 14 Max: 34.6
Current: 14.9
7.3
34.6
Forward Dividend Yield 3.34
IBM's Forward Dividend Yield is ranked higher than
78% of the 1175 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.83 vs. IBM: 3.34 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 6.51
IBM's Yield on cost (5-Year) is ranked higher than
87% of the 1558 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.22 vs. IBM: 6.51 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
IBM' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 1.89  Med: 3.37 Max: 8.13
Current: 6.51
1.89
8.13
3-Year Average Share Buyback Ratio 4.70
IBM's 3-Year Average Share Buyback Ratio is ranked higher than
96% of the 1122 Companies
in the Global Information Technology Services industry.

( Industry Median: -2.50 vs. IBM: 4.70 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
IBM' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: 0.9  Med: 4.2 Max: 5.6
Current: 4.7
0.9
5.6

Valuation & Return

vs
industry
vs
history
Price/Projected FCF 1.08
IBM's Price/Projected FCF is ranked higher than
76% of the 817 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.93 vs. IBM: 1.08 )
Ranked among companies with meaningful Price/Projected FCF only.
IBM' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.73  Med: 1.18 Max: 3.71
Current: 1.08
0.73
3.71
Price/Median PS Value 1.12
IBM's Price/Median PS Value is ranked higher than
50% of the 1497 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.11 vs. IBM: 1.12 )
Ranked among companies with meaningful Price/Median PS Value only.
IBM' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.52  Med: 0.98 Max: 1.56
Current: 1.12
0.52
1.56
Earnings Yield (Greenblatt) (%) 6.82
IBM's Earnings Yield (Greenblatt) (%) is ranked higher than
73% of the 1833 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.40 vs. IBM: 6.82 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
IBM' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 6.7  Med: 9.1 Max: 13.3
Current: 6.82
6.7
13.3
Forward Rate of Return (Yacktman) (%) 5.46
IBM's Forward Rate of Return (Yacktman) (%) is ranked lower than
62% of the 751 Companies
in the Global Information Technology Services industry.

( Industry Median: 10.28 vs. IBM: 5.46 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
IBM' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: 5.4  Med: 16.6 Max: 24.2
Current: 5.46
5.4
24.2

More Statistics

Revenue (TTM) (Mil) $80,207
EPS (TTM) $ 12.25
Beta0.90
Short Percentage of Float2.40%
52-Week Range $116.90 - 169.95
Shares Outstanding (Mil)950.85

Analyst Estimate

Dec16 Dec17 Dec18 Dec19
Revenue (Mil $) 79,518 78,988 79,175 78,210
EPS ($) 13.42 13.92 14.14 17.77
EPS w/o NRI ($) 13.42 13.92 14.14 17.77
EPS Growth Rate
(3Y to 5Y Estimate)
5.43%
Dividends Per Share ($) 4.88 5.10 5.46 6.38
» More Articles for IBM

Headlines

Articles On GuruFocus.com
Is Warren Buffett Wrong About Bitcoin? Jan 17 2017 
The Past and Future of Cloud Computing Jan 15 2017 
US Market Indexes Higher After Trump Press Conference Jan 11 2017 
Why IBM Is a Cloud Leader in Its Own Right Jan 10 2017 
US Market Indexes Mostly Lower Monday With Losses From Energy Jan 09 2017 
US Market Indexes Continue Gains for the New Year Jan 04 2017 
2016 Year-End Portfolio Review Jan 04 2017 
Future of Cloud Computing Survey Validates Microsoft’s Strategy Jan 03 2017 
Google and Oracle Stepping Up Cloud Action Dec 28 2016 
IBM Investing in the Future of Blockchain Dec 24 2016 

More From Other Websites
[$$] IBM: Paying Now for Work in Progress Jan 18 2017
[$$] Thesys chosen to build equity market surveillance system Jan 18 2017
Claims, IBM, and American Express — What you need to know in markets on Thursday Jan 18 2017
The Best Big Cap Earnings Charts Jan 18 2017
Netflix Surges Late; Steel, Chips Rally As Indexes Close Mixed Jan 18 2017
5 Stocks to Watch that Report Earnings Tomorrow Jan 18 2017
Trump Rally Is Low Energy — Sad! But New Bases Form: Investing Action Plan Jan 18 2017
IBM Readies Q4 Earnings Report Amid Lengthy Turnaround Battle Jan 18 2017
IBM Prepares for Another Quarter of Negative Growth Jan 18 2017
IBM Seals $62 Million Cloud Deal With U.S. Army Jan 18 2017
[$$] IBM: Paying Now for Work in Progress Jan 18 2017
3 ETFs to Think About If You Think IBM's Q4 Will Be Strong Jan 18 2017
IBM's Ambitious Ventures Make It a Tough Investment to Swallow... For Now Jan 18 2017
Should You Avoid IBM ETFs Ahead of Q4 Earnings? Jan 18 2017
Banks Still In Spotlight As Goldman Sachs Puts In Big Quarter, Netflix Up Next Jan 18 2017
Baidu Signals Deep Move Into Artificial Intelligence With Hire of Former Microsoft Exec Jan 18 2017
Earnings Preview: What To Expect From IBM On Thursday Jan 18 2017
U.S. Army Enlists IBM for $62 Million Cloud Deal Jan 18 2017

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)