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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 : 6/10

vs
industry
vs
history
Cash-to-Debt 0.20
IBM's Cash-to-Debt is ranked lower than
90% of the 1722 Companies
in the Global Information Technology Services industry.

( Industry Median: 9.76 vs. IBM: 0.20 )
Ranked among companies with meaningful Cash-to-Debt only.
IBM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13  Med: 0.3 Max: 0.6
Current: 0.2
0.13
0.6
Equity-to-Asset 0.16
IBM's Equity-to-Asset is ranked lower than
90% of the 1625 Companies
in the Global Information Technology Services industry.

( Industry Median: 0.60 vs. IBM: 0.16 )
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: 0.31
Current: 0.16
0.1
0.31
Interest Coverage 20.83
IBM's Interest Coverage is ranked lower than
69% of the 1649 Companies
in the Global Information Technology Services industry.

( Industry Median: 152.54 vs. IBM: 20.83 )
Ranked among companies with meaningful Interest Coverage only.
IBM' s Interest Coverage Range Over the Past 10 Years
Min: 20.8  Med: 40.31 Max: 50.53
Current: 20.83
20.8
50.53
Piotroski F-Score: 5
Altman Z-Score: 3.93
Beneish M-Score: -2.76
WACC vs ROIC
7.48%
26.66%
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 : 5/10

vs
industry
vs
history
Operating Margin % 16.40
IBM's Operating Margin % is ranked higher than
82% of the 1662 Companies
in the Global Information Technology Services industry.

( Industry Median: 4.45 vs. IBM: 16.40 )
Ranked among companies with meaningful Operating Margin % only.
IBM' s Operating Margin % Range Over the Past 10 Years
Min: 13.68  Med: 18.57 Max: 20.65
Current: 16.4
13.68
20.65
Net Margin % 14.86
IBM's Net Margin % is ranked higher than
84% of the 1663 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.83 vs. IBM: 14.86 )
Ranked among companies with meaningful Net Margin % only.
IBM' s Net Margin % Range Over the Past 10 Years
Min: 10.55  Med: 14.84 Max: 16.76
Current: 14.86
10.55
16.76
ROE % 74.04
IBM's ROE % is ranked higher than
98% of the 1603 Companies
in the Global Information Technology Services industry.

( Industry Median: 5.49 vs. IBM: 74.04 )
Ranked among companies with meaningful ROE % only.
IBM' s ROE % Range Over the Past 10 Years
Min: 36.57  Med: 73.24 Max: 100.96
Current: 74.04
36.57
100.96
ROA % 10.23
IBM's ROA % is ranked higher than
81% of the 1727 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.51 vs. IBM: 10.23 )
Ranked among companies with meaningful ROA % only.
IBM' s ROA % Range Over the Past 10 Years
Min: 9.32  Med: 11.94 Max: 14.09
Current: 10.23
9.32
14.09
ROC (Joel Greenblatt) % 64.25
IBM's ROC (Joel Greenblatt) % is ranked higher than
68% of the 1681 Companies
in the Global Information Technology Services industry.

( Industry Median: 21.53 vs. IBM: 64.25 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
IBM' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 46.11  Med: 104.19 Max: 124.03
Current: 64.25
46.11
124.03
3-Year Revenue Growth Rate -2.20
IBM's 3-Year Revenue Growth Rate is ranked lower than
69% of the 1436 Companies
in the Global Information Technology Services industry.

( Industry Median: 5.00 vs. IBM: -2.20 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
IBM' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -2.2  Med: 5 Max: 12.4
Current: -2.2
-2.2
12.4
3-Year EBITDA Growth Rate -7.60
IBM's 3-Year EBITDA Growth Rate is ranked lower than
73% of the 1197 Companies
in the Global Information Technology Services industry.

( Industry Median: 7.90 vs. IBM: -7.60 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
IBM' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -11.7  Med: 9.3 Max: 15.5
Current: -7.6
-11.7
15.5
3-Year EPS without NRI Growth Rate -6.80
IBM's 3-Year EPS without NRI Growth Rate is ranked lower than
68% of the 1081 Companies
in the Global Information Technology Services industry.

( Industry Median: 7.70 vs. IBM: -6.80 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
IBM' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -9.3  Med: 13.7 Max: 21.9
Current: -6.8
-9.3
21.9
GuruFocus has detected 5 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: 2017-04-18)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating 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%)
Tweedy Browne Global Value 115,635 sh (unchged)
Jerome Dodson 235,000 sh (unchged)
First Eagle Investment 9,052 sh (unchged)
John Hussman 950 sh (unchged)
Prem Watsa 1,362,500 sh (unchged)
Robert Bruce 86,500 sh (unchged)
Paul Tudor Jones 29,500 sh (unchged)
Paul Tudor Jones 18,700 sh (unchged)
T Rowe Price Equity Income Fund Sold Out
Ray Dalio Sold Out
Paul Tudor Jones Sold Out
Bruce Berkowitz 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%)
Tweedy Browne Global Value 115,635 sh (unchged)
Jerome Dodson 235,000 sh (unchged)
Kahn Brothers 7,358 sh (unchged)
John Hussman 950 sh (unchged)
Prem Watsa 1,362,500 sh (unchged)
John Rogers 55,310 sh (unchged)
Robert Bruce 86,500 sh (unchged)
Warren Buffett 81,232,303 sh (unchged)
Paul Singer 700,000 sh (unchged)
Paul Tudor Jones 15,100 sh (unchged)
Paul Tudor Jones 18,500 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%)
Tweedy Browne Global Value 115,635 sh (unchged)
Jerome Dodson 235,000 sh (unchged)
John Hussman 950 sh (unchged)
First Eagle Investment 22,972 sh (unchged)
David Dreman 5,669 sh (unchged)
Prem Watsa 1,362,500 sh (unchged)
Paul Singer 350,000 sh (unchged)
Warren Buffett 81,232,303 sh (unchged)
Robert Bruce 86,500 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

Robert Olstein 21,000 sh (New)
John Hussman 50,825 sh (+5250.00%)
Joel Greenblatt 154,529 sh (+20.76%)
Barrow, Hanley, Mewhinney & Strauss 941,426 sh (+3.92%)
Ray Dalio 106,200 sh (+3.01%)
Manning & Napier Advisors, Inc 100,479 sh (+2.87%)
Tweedy Browne Global Value 115,635 sh (unchged)
Jerome Dodson 235,000 sh (unchged)
Kahn Brothers 5,883 sh (unchged)
First Eagle Investment 22,972 sh (unchged)
Robert Bruce 86,500 sh (unchged)
John Rogers 52,688 sh (unchged)
Steven Cohen 100,000 sh (unchged)
Warren Buffett 81,232,303 sh (unchged)
Edward Lampert Sold Out
Prem Watsa 1,361,900 sh (-0.04%)
Dodge & Cox 98,746 sh (-0.21%)
John Buckingham 36,042 sh (-0.42%)
Mairs and Power 182,873 sh (-1.95%)
Ken Fisher 20,802 sh (-2.26%)
Arnold Van Den Berg 68,381 sh (-3.02%)
Mario Gabelli 12,073 sh (-9.48%)
Pioneer Investments 104,951 sh (-10.94%)
Tom Russo 9,549 sh (-11.16%)
Jeremy Grantham 456,281 sh (-23.88%)
David Dreman 4,026 sh (-28.98%)
Tweedy Browne 274,590 sh (-30.47%)
Paul Tudor Jones 1,500 sh (-70.89%)
Ruane Cunniff 3,392 sh (-76.43%)
Diamond Hill Capital 111,963 sh (-79.89%)
» More
» Details

Insider Trades

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Business Description

Industry: Application Software » Information Technology Services    NAICS: 541512    SIC: 7373
Compare:NYSE:ACN, NYSE:INFY, NAS:CTSH, OTCPK:HTHIF, NYSE:WIT, OTCPK:AMADF, OTCPK:CGEMY, NYSE:GIB, OTCPK:AEXAY, OTCPK:FJTSY, NYSE:CSC, NAS:CDW, NYSE:IT, OTCPK:NRILY, NYSE:LDOS, NYSE:XRX, OTCPK:TSYHF, NAS:SABR, OTCPK:CMSQY, NYSE:NCR » 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.

IBM is an IT behemoth with an operating history dating back more than a century. The company's offerings span a range of services, software, and hardware. IBM operates on a global scale, with operations in over 170 countries (the company generates a little more than half of its revenue outside the Americas). The firm has an entrenched position globally within the largest multinational firms, providing an end-to-end portfolio that helps enterprises' plan, build, manage, and maintain IT infrastructure, platforms, applications, and services.

Guru Investment Theses on International Business Machines Corp

Jerome Dodson Comments on International Business Machines - Jan 25, 2017

International Business Machines (NYSE:IBM), one of the world’s largest providers of information technology solutions and services, rose 20.6%, from $137.62 to $165.99, contributing 119 basis points to the Fund’s return. The stock moved higher as investors became more optimistic about the company’s transformation from a stodgy old provider of mainframes to an exciting trendsetter in data analytics, cloud software and cognitive solutions.



From the Parnassus Fund fourth quarter 2016 commentary.



Check out Jerome Dodson latest stock trades

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

Top Ranked Articles about International Business Machines Corp

Jerome Dodson 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 20.6%, from $137.62 to $165.99, contributing 119 basis points to the Fund’s return. The stock moved higher as investors became more optimistic about the company’s transformation from a stodgy old provider of mainframes to an exciting trendsetter in data analytics, cloud software and cognitive solutions. Read more...
IBM Continues Strong Earnings Growth for Full-Year 2016 Cloud revenues increase as strategic imperatives expand
On Jan. 19, International Business Machines Corp. (NYSE:IBM) reported net income of $4.5 billion and diluted earnings per share of $4.73 based on U.S. generally accepted accounting principles for fourth-quarter 2016. These values outperformed fourth-quarter 2015 values, with net income and EPS increasing 1% year over year and 3% year over year respectively. The higher net incomes resulted from higher IBM Cloud revenues. Read more...
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...

Ratios

vs
industry
vs
history
PE Ratio 14.03
IBM's PE Ratio is ranked higher than
78% of the 1570 Companies
in the Global Information Technology Services industry.

( Industry Median: 24.77 vs. IBM: 14.03 )
Ranked among companies with meaningful PE Ratio only.
IBM' s PE Ratio Range Over the Past 10 Years
Min: 8.94  Med: 13.57 Max: 17.92
Current: 14.03
8.94
17.92
Forward PE Ratio 12.58
IBM's Forward PE Ratio is ranked higher than
89% of the 382 Companies
in the Global Information Technology Services industry.

( Industry Median: 22.27 vs. IBM: 12.58 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 14.01
IBM's PE Ratio without NRI is ranked higher than
78% of the 1364 Companies
in the Global Information Technology Services industry.

( Industry Median: 26.00 vs. IBM: 14.01 )
Ranked among companies with meaningful PE Ratio without NRI only.
IBM' s PE Ratio without NRI Range Over the Past 10 Years
Min: 8.89  Med: 13.09 Max: 18.06
Current: 14.01
8.89
18.06
Price-to-Owner-Earnings 11.96
IBM's Price-to-Owner-Earnings is ranked higher than
80% of the 757 Companies
in the Global Information Technology Services industry.

( Industry Median: 24.01 vs. IBM: 11.96 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
IBM' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 8.9  Med: 14.25 Max: 19.36
Current: 11.96
8.9
19.36
PB Ratio 9.06
IBM's PB Ratio is ranked lower than
83% of the 2019 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.94 vs. IBM: 9.06 )
Ranked among companies with meaningful PB Ratio only.
IBM' s PB Ratio Range Over the Past 10 Years
Min: 3.34  Med: 9.01 Max: 14.09
Current: 9.06
3.34
14.09
PS Ratio 2.09
IBM's PS Ratio is ranked higher than
54% of the 2019 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.35 vs. IBM: 2.09 )
Ranked among companies with meaningful PS Ratio only.
IBM' s PS Ratio Range Over the Past 10 Years
Min: 1  Med: 1.81 Max: 2.43
Current: 2.09
1
2.43
Price-to-Free-Cash-Flow 13.03
IBM's Price-to-Free-Cash-Flow is ranked higher than
79% of the 841 Companies
in the Global Information Technology Services industry.

( Industry Median: 25.65 vs. IBM: 13.03 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
IBM' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 8.08  Med: 13.94 Max: 17.35
Current: 13.03
8.08
17.35
Price-to-Operating-Cash-Flow 9.84
IBM's Price-to-Operating-Cash-Flow is ranked higher than
79% of the 1054 Companies
in the Global Information Technology Services industry.

( Industry Median: 18.79 vs. IBM: 9.84 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
IBM' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 5.98  Med: 9.79 Max: 13.01
Current: 9.84
5.98
13.01
EV-to-EBIT 15.25
IBM's EV-to-EBIT is ranked higher than
54% of the 1621 Companies
in the Global Information Technology Services industry.

( Industry Median: 16.27 vs. IBM: 15.25 )
Ranked among companies with meaningful EV-to-EBIT only.
IBM' s EV-to-EBIT Range Over the Past 10 Years
Min: 7.5  Med: 11 Max: 16
Current: 15.25
7.5
16
EV-to-EBITDA 11.40
IBM's EV-to-EBITDA is ranked higher than
57% of the 1758 Companies
in the Global Information Technology Services industry.

( Industry Median: 12.93 vs. IBM: 11.40 )
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: 12
Current: 11.4
5.7
12
Shiller PE Ratio 13.76
IBM's Shiller PE Ratio is ranked higher than
88% of the 295 Companies
in the Global Information Technology Services industry.

( Industry Median: 39.98 vs. IBM: 13.76 )
Ranked among companies with meaningful Shiller PE Ratio only.
IBM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.29  Med: 20.5 Max: 25.86
Current: 13.76
10.29
25.86
Current Ratio 1.21
IBM's Current Ratio is ranked lower than
74% of the 1546 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.83 vs. IBM: 1.21 )
Ranked among companies with meaningful Current Ratio only.
IBM' s Current Ratio Range Over the Past 10 Years
Min: 1.09  Med: 1.21 Max: 1.36
Current: 1.21
1.09
1.36
Quick Ratio 1.17
IBM's Quick Ratio is ranked lower than
71% of the 1546 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.72 vs. IBM: 1.17 )
Ranked among companies with meaningful Quick Ratio only.
IBM' s Quick Ratio Range Over the Past 10 Years
Min: 0.97  Med: 1.11 Max: 1.29
Current: 1.17
0.97
1.29
Days Inventory 14.39
IBM's Days Inventory is ranked higher than
52% of the 948 Companies
in the Global Information Technology Services industry.

( Industry Median: 16.45 vs. IBM: 14.39 )
Ranked among companies with meaningful Days Inventory only.
IBM' s Days Inventory Range Over the Past 10 Years
Min: 13.61  Med: 16.89 Max: 18.24
Current: 14.39
13.61
18.24
Days Sales Outstanding 4.83
IBM's Days Sales Outstanding is ranked higher than
97% of the 1319 Companies
in the Global Information Technology Services industry.

( Industry Median: 68.13 vs. IBM: 4.83 )
Ranked among companies with meaningful Days Sales Outstanding only.
IBM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.83  Med: 43.48 Max: 46.19
Current: 4.83
4.83
46.19
Days Payable 54.45
IBM's Days Payable is ranked higher than
59% of the 1176 Companies
in the Global Information Technology Services industry.

( Industry Median: 41.35 vs. IBM: 54.45 )
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: 54.45
44.16
55.27

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 3.22
IBM's Dividend Yield % is ranked higher than
83% of the 1264 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.59 vs. IBM: 3.22 )
Ranked among companies with meaningful Dividend Yield % only.
IBM' s Dividend Yield % Range Over the Past 10 Years
Min: 0.96  Med: 1.72 Max: 4.13
Current: 3.22
0.96
4.13
Dividend Payout Ratio 0.44
IBM's Dividend Payout Ratio is ranked higher than
79% of the 777 Companies
in the Global Information Technology Services industry.

( Industry Median: 0.36 vs. IBM: 0.44 )
Ranked among companies with meaningful Dividend Payout Ratio only.
IBM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.21  Med: 0.22 Max: 0.44
Current: 0.44
0.21
0.44
3-Year Dividend Growth Rate 14.10
IBM's 3-Year Dividend Growth Rate is ranked higher than
60% of the 555 Companies
in the Global Information Technology Services industry.

( Industry Median: 9.50 vs. IBM: 14.10 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
IBM' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 7.3  Med: 14.1 Max: 34.6
Current: 14.1
7.3
34.6
Forward Dividend Yield % 3.22
IBM's Forward Dividend Yield % is ranked higher than
80% of the 1234 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.71 vs. IBM: 3.22 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 6.20
IBM's 5-Year Yield-on-Cost % is ranked higher than
86% of the 1550 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.18 vs. IBM: 6.20 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
IBM' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.85  Med: 3.31 Max: 7.95
Current: 6.2
1.85
7.95
3-Year Average Share Buyback Ratio 3.40
IBM's 3-Year Average Share Buyback Ratio is ranked higher than
95% of the 1136 Companies
in the Global Information Technology Services industry.

( Industry Median: -2.40 vs. IBM: 3.40 )
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: 3.9 Max: 5.6
Current: 3.4
0.9
5.6

Valuation & Return

vs
industry
vs
history
Price-to-Intrinsic-Value-Projected-FCF 1.15
IBM's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
79% of the 1056 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.02 vs. IBM: 1.15 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
IBM' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.73  Med: 1.14 Max: 3.71
Current: 1.15
0.73
3.71
Price-to-Median-PS-Value 1.15
IBM's Price-to-Median-PS-Value is ranked higher than
51% of the 1789 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.16 vs. IBM: 1.15 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
IBM' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.63  Med: 0.99 Max: 1.47
Current: 1.15
0.63
1.47
Earnings Yield (Greenblatt) % 6.56
IBM's Earnings Yield (Greenblatt) % is ranked higher than
70% of the 2417 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.96 vs. IBM: 6.56 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
IBM' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 6.2  Med: 9.1 Max: 13.3
Current: 6.56
6.2
13.3
Forward Rate of Return (Yacktman) % 3.82
IBM's Forward Rate of Return (Yacktman) % is ranked lower than
68% of the 771 Companies
in the Global Information Technology Services industry.

( Industry Median: 10.49 vs. IBM: 3.82 )
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: 3.5  Med: 16.55 Max: 24.2
Current: 3.82
3.5
24.2

More Statistics

Revenue (TTM) (Mil) $79,918
EPS (TTM) $ 12.39
Beta0.88
Short Percentage of Float2.18%
52-Week Range $142.50 - 182.79
Shares Outstanding (Mil)943.21

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 79,209 79,384 78,666
EPS ($) 13.81 14.14 15.74
EPS without NRI ($) 13.81 14.14 15.74
EPS Growth Rate
(Future 3Y To 5Y Estimate)
7.73%
Dividends per Share ($) 5.30 5.62 6.02
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