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 : 8/10

vs
industry
vs
history
Cash to Debt 0.21
IBM's Cash to Debt is ranked lower than
89% of the 1813 Companies
in the Global Information Technology Services industry.

( Industry Median: 9.50 vs. IBM: 0.21 )
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: 0.21
0.1
0.6
Equity to Asset 0.13
IBM's Equity to Asset is ranked lower than
92% of the 1721 Companies
in the Global Information Technology Services industry.

( Industry Median: 0.61 vs. IBM: 0.13 )
Ranked among companies with meaningful Equity to Asset only.
IBM' s Equity to Asset Range Over the Past 10 Years
Min: 0.1  Med: 0.24 Max: 0.33
Current: 0.13
0.1
0.33
Interest Coverage 32.07
IBM's Interest Coverage is ranked lower than
66% of the 1228 Companies
in the Global Information Technology Services industry.

( Industry Median: 185.14 vs. IBM: 32.07 )
Ranked among companies with meaningful Interest Coverage only.
IBM' s Interest Coverage Range Over the Past 10 Years
Min: 22.12  Med: 42.77 Max: 49.36
Current: 32.07
22.12
49.36
F-Score: 7
Z-Score: 4.00
M-Score: -2.88
WACC vs ROIC
5.15%
28.69%
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 : 8/10

vs
industry
vs
history
Operating margin (%) 18.36
IBM's Operating margin (%) is ranked higher than
85% of the 1767 Companies
in the Global Information Technology Services industry.

( Industry Median: 4.80 vs. IBM: 18.36 )
Ranked among companies with meaningful Operating margin (%) only.
IBM' s Operating margin (%) Range Over the Past 10 Years
Min: 10.29  Med: 17.97 Max: 20.49
Current: 18.36
10.29
20.49
Net-margin (%) 16.14
IBM's Net-margin (%) is ranked higher than
86% of the 1768 Companies
in the Global Information Technology Services industry.

( Industry Median: 3.28 vs. IBM: 16.14 )
Ranked among companies with meaningful Net-margin (%) only.
IBM' s Net-margin (%) Range Over the Past 10 Years
Min: 8.71  Med: 13.49 Max: 16.76
Current: 16.14
8.71
16.76
ROE (%) 101.07
IBM's ROE (%) is ranked higher than
99% of the 1714 Companies
in the Global Information Technology Services industry.

( Industry Median: 6.10 vs. IBM: 101.07 )
Ranked among companies with meaningful ROE (%) only.
IBM' s ROE (%) Range Over the Past 10 Years
Min: 24.49  Med: 67.16 Max: 85.15
Current: 101.07
24.49
85.15
ROA (%) 11.75
IBM's ROA (%) is ranked higher than
84% of the 1814 Companies
in the Global Information Technology Services industry.

( Industry Median: 3.08 vs. IBM: 11.75 )
Ranked among companies with meaningful ROA (%) only.
IBM' s ROA (%) Range Over the Past 10 Years
Min: 7.32  Med: 11.51 Max: 14.09
Current: 11.75
7.32
14.09
ROC (Joel Greenblatt) (%) 95.50
IBM's ROC (Joel Greenblatt) (%) is ranked higher than
74% of the 1784 Companies
in the Global Information Technology Services industry.

( Industry Median: 22.73 vs. IBM: 95.50 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
IBM' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 65.75  Med: 103.75 Max: 124.03
Current: 95.5
65.75
124.03
Revenue Growth (3Y)(%) 1.40
IBM's Revenue Growth (3Y)(%) is ranked lower than
62% of the 1332 Companies
in the Global Information Technology Services industry.

( Industry Median: 5.10 vs. IBM: 1.40 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
IBM' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -2.2  Med: 5.90 Max: 12.4
Current: 1.4
-2.2
12.4
EBITDA Growth (3Y)(%) 4.60
IBM's EBITDA Growth (3Y)(%) is ranked lower than
56% of the 1083 Companies
in the Global Information Technology Services industry.

( Industry Median: 7.20 vs. IBM: 4.60 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
IBM' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -11.6  Med: 10.20 Max: 15.5
Current: 4.6
-11.6
15.5
EPS Growth (3Y)(%) 6.10
IBM's EPS Growth (3Y)(%) is ranked higher than
50% of the 1004 Companies
in the Global Information Technology Services industry.

( Industry Median: 5.90 vs. IBM: 6.10 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
IBM' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -9.3  Med: 13.85 Max: 21.9
Current: 6.1
-9.3
21.9
» IBM's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2015

IBM Guru Trades in Q1 2015

Leon Cooperman 333,067 sh (New)
Chase Coleman 141,823 sh (New)
Paul Tudor Jones 114,260 sh (+363.94%)
Pioneer Investments 370,607 sh (+192.50%)
David Dreman 13,311 sh (+12.57%)
John Rogers 54,607 sh (+6.69%)
Warren Buffett 79,565,115 sh (+3.37%)
Diamond Hill Capital 1,344,455 sh (+2.01%)
John Buckingham 36,872 sh (+1.91%)
Mairs and Power 216,031 sh (+1.56%)
HOTCHKIS & WILEY 1,672,649 sh (+1.10%)
Mario Gabelli 17,646 sh (+0.92%)
Chris Davis 20,839 sh (+0.38%)
T Rowe Price Equity Income Fund 1,500,000 sh (unchged)
Kahn Brothers 7,158 sh (unchged)
Robert Bruce 138,500 sh (unchged)
Prem Watsa 1,363,100 sh (unchged)
Ronald Muhlenkamp Sold Out
Jim Simons Sold Out
Edward Lampert Sold Out
Ruane Cunniff 1,401,148 sh (-0.70%)
James Barrow 233,576 sh (-2.46%)
Dodge & Cox 118,202 sh (-2.60%)
Tom Russo 9,549 sh (-3.05%)
Ray Dalio 136,044 sh (-7.54%)
First Eagle Investment 9,052 sh (-9.04%)
Ken Fisher 30,560 sh (-15.13%)
Jeremy Grantham 1,227,972 sh (-67.08%)
Joel Greenblatt 109,177 sh (-74.72%)
» More
Q2 2015

IBM Guru Trades in Q2 2015

Louis Moore Bacon 75,000 sh (New)
John Hussman 950 sh (New)
Manning & Napier Advisors, Inc 95,455 sh (New)
Jeremy Grantham 2,704,421 sh (+120.23%)
Joel Greenblatt 205,986 sh (+88.67%)
Robert Bruce 160,500 sh (+15.88%)
Pioneer Investments 421,087 sh (+13.62%)
David Dreman 13,545 sh (+1.76%)
John Buckingham 37,506 sh (+1.72%)
John Rogers 54,822 sh (+0.39%)
Diamond Hill Capital 1,346,221 sh (+0.13%)
Mairs and Power 216,180 sh (+0.07%)
Warren Buffett 79,565,115 sh (unchged)
First Eagle Investment 9,052 sh (unchged)
T Rowe Price Equity Income Fund 1,500,000 sh (unchged)
Kahn Brothers 7,158 sh (unchged)
Prem Watsa 1,363,100 sh (unchged)
Chase Coleman 141,823 sh (unchged)
Leon Cooperman Sold Out
Paul Tudor Jones Sold Out
James Barrow Sold Out
Tom Russo 9,524 sh (-0.26%)
Ruane Cunniff 1,377,964 sh (-1.65%)
Ken Fisher 29,919 sh (-2.10%)
Chris Davis 20,387 sh (-2.17%)
HOTCHKIS & WILEY 1,634,217 sh (-2.30%)
Mario Gabelli 16,896 sh (-4.25%)
Dodge & Cox 112,652 sh (-4.70%)
Ray Dalio 90,044 sh (-33.81%)
» More
Q3 2015

IBM Guru Trades in Q3 2015

Tweedy Browne 315,210 sh (New)
Tweedy Browne Global Value 115,635 sh (New)
Bruce Berkowitz 754,400 sh (New)
Edward Lampert 440,255 sh (New)
James Barrow 787,424 sh (New)
Joel Greenblatt 243,918 sh (+18.41%)
David Dreman 14,758 sh (+8.96%)
John Buckingham 38,362 sh (+2.28%)
John Rogers 56,012 sh (+2.17%)
Warren Buffett 81,033,450 sh (+1.85%)
Ray Dalio 91,211 sh (+1.30%)
Jeremy Grantham 2,711,303 sh (+0.25%)
Prem Watsa 1,363,100 sh (unchged)
First Eagle Investment 9,052 sh (unchged)
Kahn Brothers 7,158 sh (unchged)
Chase Coleman 141,823 sh (unchged)
John Hussman 950 sh (unchged)
Robert Bruce 160,500 sh (unchged)
Ruane Cunniff 1,360,062 sh (-1.30%)
Tom Russo 9,290 sh (-2.46%)
Chris Davis 19,759 sh (-3.08%)
Manning & Napier Advisors, Inc 91,109 sh (-4.55%)
Ken Fisher 28,374 sh (-5.16%)
T Rowe Price Equity Income Fund 1,420,000 sh (-5.33%)
Mairs and Power 204,089 sh (-5.59%)
Dodge & Cox 105,695 sh (-6.18%)
Diamond Hill Capital 1,185,861 sh (-11.91%)
Mario Gabelli 14,470 sh (-14.36%)
Pioneer Investments 164,689 sh (-60.89%)
HOTCHKIS & WILEY 442,614 sh (-72.92%)
Louis Moore Bacon 20,000 sh (-73.33%)
» More
Q4 2015

IBM Guru Trades in Q4 2015

Arnold Van Den Berg 2,035 sh (New)
Diamond Hill Capital 1,307,059 sh (+10.22%)
Tweedy Browne 335,410 sh (+6.41%)
James Barrow 808,226 sh (+2.64%)
Pioneer Investments 164,841 sh (+0.09%)
First Eagle Investment 9,052 sh (unchged)
Kahn Brothers 7,158 sh (unchged)
Tweedy Browne Global Value 115,635 sh (unchged)
John Hussman 950 sh (unchged)
David Dreman Sold Out
Prem Watsa 1,362,500 sh (-0.04%)
Mario Gabelli 14,390 sh (-0.55%)
Tom Russo 9,134 sh (-1.68%)
Dodge & Cox 103,912 sh (-1.69%)
Chris Davis 19,331 sh (-2.17%)
John Buckingham 37,216 sh (-2.99%)
John Rogers 53,900 sh (-3.77%)
Ken Fisher 25,126 sh (-11.45%)
Ray Dalio 51,551 sh (-43.48%)
Jeremy Grantham 1,046,545 sh (-61.40%)
T Rowe Price Equity Income Fund 175,000 sh (-87.68%)
» 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 )

Guru Investment Theses on International Business Machines Corp

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

Diamond Hill Capital Comments on International Business Machines Corp - Oct 17, 2014

Diversified information technology company International Business Machines Corp. (IBM) reported second quarter earnings that demonstrated continued execution of the company’s long-term plans. Revenue in the Systems & Technology (hardware) segment as well as revenue in China, two areas of recent concern, improved during the quarter leading to less investor pessimism about the future.

From Diamond Hill Capital (Trades, Portfolio)'s Select Fund Third Quarter 2014 Commentary.

Check out Diamond Hill Capital latest stock trades

Diamond Hill Capital Comments on International Business Machines Corp - Jul 25, 2014

Shares of diversified information technology company International Business Machines Corp. (IBM) declined during the quarter as investors continued to worry about the company’s ability to grow revenue, particularly in China and other emerging markets. We continue to have a favorable view of the company’s long-term competitive position.

From Diamond Hill Capital (Trades, Portfolio)'s Select Fund Second Quarter 2014 Commentary.

Check out Diamond Hill Capital latest stock trades

Hotchkis & Wiley Comments on IBM - Mar 20, 2014

We took a new position in IBM (NYSE:IBM) (1.5%)*, which we believe is a well-positioned, diversified technology company with a strong balance sheet, prudent capital allocation, and an attractive valuation.



From Hotchkis & Wiley's fourth quarter 2013 manager commentary.



Check out Hotchkis & Wiley latest stock trades

Top Ranked Articles about International Business Machines Corp

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...
United Technologies and IBM Have New Positions in James Barrow's Portfolio Guru also makes Flow International, Tyco International and Tutor Perini new buys in 3rd quarter
James Barrow (Trades, Portfolio) is executive director of Dallas-based investment firm Barrow Hanley Mewhinney & Strauss, the lead portfolio manager for the Vanguard Windsor II and Selected Value Funds. Barrow Hanley currently serves as a sub-adviser to more than 45 equity and fixed income mutual funds. Read more...
Undervalued Holdings in Fisher Investments' Portfolios Stocks trading with a wide margin of safety according to the DCF calculator
Ken Fisher (Trades, Portfolio) is the CEO and CIO of Fisher Investments. The investment philosophy at the firm is based on the idea that supply and demand of securities is the sole determinate of their pricing. Furthermore, they believe that all widely known information has already been priced into the market. The following are companies in the firm's various portfolios that are worth considering, since they are trading with a wide margin of safety according to the DCF calculator. Read more...
Stocks With the Highest Dividend Yield in Berkowitz’s Portfolio National Oilwell Varco, IBM and Canadian Natural Resources top the list
Bruce Berkowitz (Trades, Portfolio) is the founder and the managing member of Fairholme Capital Management. He focuses investments on companies that have exceptional management, generate free cash and are cheaply priced. Read more...
Tweedy Browne Invests in IBM, General Electric in 3rd Quarter Guru sells portions of stakes in National Oilwell Varco, Leucadia National, Johnson & Johnson
Using research methodology derived from the work of Benjamin Graham, Tweedy Browne (Trades, Portfolio)’s most significant third-quarter trading activity involved the acquisition of new stakes and the sale of portions of existing stakes. Read more...
3 of Warren Buffett's Top Holdings Trading Near 1-Year Lows - November Some Buffett stocks at their lowest prices in a year
Though the market has recovered from its plunge in August to be up by almost 2% this year, three stocks of Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) CEO Warren Buffett (Trades, Portfolio) remained depressed Friday, providing the lowest entry point in a year. Read more...
Berkshire Hathaway Buys More IBM, Wells Fargo, Precision Castparts, Sells National Oilwell Varco, Bank Of New York Mellon, Charter Communications
Warren Buffett (Trades, Portfolio)’s investment company just released his first quarter portfolio. Warren Buffett (Trades, Portfolio) and his CIOs buys IBM, Wells Fargo, Precision Castparts, U.S. Bancorp, Phillips 66, Twenty-First Century Fox Inc, Deere & Co, sells National Oilwell Varco Inc, Bank of New York Mellon Corp, Charter Communications Inc, Viacom Inc, Liberty Global PLC, Wabco Holdings Inc, MasterCard Inc, Visa Inc during the 3-months ended , according to the most recent filings of his investment company, Berkshire Hathaway. As of 2015-03-31, Berkshire Hathaway owns 47 stocks with a total value Read more...
Ronald Muhlenkamp Sells Seven Stakes in First Quarter
Value investor Ronald Muhlenkamp (Trades, Portfolio), founder and president of Muhlenkamp & Company, Inc., and portfolio manager for the company's self-named mutual fund (MUHLX), has a reputation for being patient, for being willing to give an investment time to pay off. Read more...
Diamond Hill Capital Comments on International Business Machines Corp
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. Read more...
Weekly 3-Year Low Highlights: IBM, ABEV, ITUB, OXY
According to GuruFocus list of 3-year lows, International Business Machines Corp, Ambev SA, Itau Unibanco Holding SA and Occidental Petroleum Corp have all reached their 3-year lows. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 8.50
IBM's P/E(ttm) is ranked higher than
92% of the 1711 Companies
in the Global Information Technology Services industry.

( Industry Median: 27.50 vs. IBM: 8.50 )
Ranked among companies with meaningful P/E(ttm) only.
IBM' s P/E(ttm) Range Over the Past 10 Years
Min: 8.45  Med: 14.02 Max: 20.85
Current: 8.5
8.45
20.85
Forward P/E 8.01
IBM's Forward P/E is ranked higher than
100% of the 935 Companies
in the Global Information Technology Services industry.

( Industry Median: 16.58 vs. IBM: 8.01 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 8.30
IBM's PE(NRI) is ranked higher than
92% of the 1281 Companies
in the Global Information Technology Services industry.

( Industry Median: 24.90 vs. IBM: 8.30 )
Ranked among companies with meaningful PE(NRI) only.
IBM' s PE(NRI) Range Over the Past 10 Years
Min: 8.32  Med: 13.68 Max: 20.76
Current: 8.3
8.32
20.76
P/B 8.23
IBM's P/B is ranked lower than
92% of the 2331 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.53 vs. IBM: 8.23 )
Ranked among companies with meaningful P/B only.
IBM' s P/B Range Over the Past 10 Years
Min: 3.34  Med: 8.68 Max: 14.09
Current: 8.23
3.34
14.09
P/S 1.43
IBM's P/S is ranked higher than
100% of the 2332 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.60 vs. IBM: 1.43 )
Ranked among companies with meaningful P/S only.
IBM' s P/S Range Over the Past 10 Years
Min: 1  Med: 1.76 Max: 2.43
Current: 1.43
1
2.43
PFCF 8.81
IBM's PFCF is ranked higher than
87% of the 1287 Companies
in the Global Information Technology Services industry.

( Industry Median: 21.29 vs. IBM: 8.81 )
Ranked among companies with meaningful PFCF only.
IBM' s PFCF Range Over the Past 10 Years
Min: 7.68  Med: 13.83 Max: 17.34
Current: 8.81
7.68
17.34
POCF 6.76
IBM's POCF is ranked higher than
85% of the 1585 Companies
in the Global Information Technology Services industry.

( Industry Median: 15.49 vs. IBM: 6.76 )
Ranked among companies with meaningful POCF only.
IBM' s POCF Range Over the Past 10 Years
Min: 5.98  Med: 9.86 Max: 13.01
Current: 6.76
5.98
13.01
EV-to-EBIT 8.03
IBM's EV-to-EBIT is ranked higher than
81% of the 1791 Companies
in the Global Information Technology Services industry.

( Industry Median: 17.84 vs. IBM: 8.03 )
Ranked among companies with meaningful EV-to-EBIT only.
IBM' s EV-to-EBIT Range Over the Past 10 Years
Min: 7.5  Med: 11.00 Max: 15.5
Current: 8.03
7.5
15.5
EV-to-EBITDA 6.62
IBM's EV-to-EBITDA is ranked higher than
79% of the 1937 Companies
in the Global Information Technology Services industry.

( Industry Median: 11.98 vs. IBM: 6.62 )
Ranked among companies with meaningful EV-to-EBITDA only.
IBM' s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.7  Med: 8.60 Max: 10.6
Current: 6.62
5.7
10.6
PEG 1.20
IBM's PEG is ranked higher than
63% of the 530 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.73 vs. IBM: 1.20 )
Ranked among companies with meaningful PEG only.
IBM' s PEG Range Over the Past 10 Years
Min: 0.59  Med: 1.30 Max: 43.86
Current: 1.2
0.59
43.86
Shiller P/E 10.42
IBM's Shiller P/E is ranked higher than
89% of the 424 Companies
in the Global Information Technology Services industry.

( Industry Median: 33.79 vs. IBM: 10.42 )
Ranked among companies with meaningful Shiller P/E only.
IBM' s Shiller P/E Range Over the Past 10 Years
Min: 10.42  Med: 20.92 Max: 25.98
Current: 10.42
10.42
25.98
Current Ratio 1.25
IBM's Current Ratio is ranked lower than
75% of the 1733 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.97 vs. IBM: 1.25 )
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: 1.36
Current: 1.25
0.88
1.36
Quick Ratio 1.20
IBM's Quick Ratio is ranked lower than
73% of the 1733 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.88 vs. IBM: 1.20 )
Ranked among companies with meaningful Quick Ratio only.
IBM' s Quick Ratio Range Over the Past 10 Years
Min: 0.82  Med: 1.10 Max: 1.29
Current: 1.2
0.82
1.29
Days Inventory 16.27
IBM's Days Inventory is ranked higher than
53% of the 1027 Companies
in the Global Information Technology Services industry.

( Industry Median: 17.93 vs. IBM: 16.27 )
Ranked among companies with meaningful Days Inventory only.
IBM' s Days Inventory Range Over the Past 10 Years
Min: 16.22  Med: 17.17 Max: 20.58
Current: 16.27
16.22
20.58
Days Sales Outstanding 42.57
IBM's Days Sales Outstanding is ranked higher than
80% of the 1430 Companies
in the Global Information Technology Services industry.

( Industry Median: 70.48 vs. IBM: 42.57 )
Ranked among companies with meaningful Days Sales Outstanding only.
IBM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 42.54  Med: 44.60 Max: 47.19
Current: 42.57
42.54
47.19
Days Payable 53.59
IBM's Days Payable is ranked higher than
58% of the 1290 Companies
in the Global Information Technology Services industry.

( Industry Median: 44.10 vs. IBM: 53.59 )
Ranked among companies with meaningful Days Payable only.
IBM' s Days Payable Range Over the Past 10 Years
Min: 44.16  Med: 53.45 Max: 55.27
Current: 53.59
44.16
55.27

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 4.30
IBM's Dividend Yield is ranked higher than
83% of the 1354 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.73 vs. IBM: 4.30 )
Ranked among companies with meaningful Dividend Yield only.
IBM' s Dividend Yield Range Over the Past 10 Years
Min: 0.78  Med: 1.64 Max: 3.97
Current: 4.3
0.78
3.97
Dividend Payout 0.33
IBM's Dividend Payout is ranked higher than
98% of the 798 Companies
in the Global Information Technology Services industry.

( Industry Median: 0.39 vs. IBM: 0.33 )
Ranked among companies with meaningful Dividend Payout only.
IBM' s Dividend Payout Range Over the Past 10 Years
Min: 0.09  Med: 0.19 Max: 55
Current: 0.33
0.09
55
Dividend Growth (3y) 13.60
IBM's Dividend Growth (3y) is ranked higher than
63% of the 475 Companies
in the Global Information Technology Services industry.

( Industry Median: 6.90 vs. IBM: 13.60 )
Ranked among companies with meaningful Dividend Growth (3y) only.
IBM' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 7.3  Med: 13.80 Max: 34.6
Current: 13.6
7.3
34.6
Forward Dividend Yield 4.30
IBM's Forward Dividend Yield is ranked higher than
83% of the 1195 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.88 vs. IBM: 4.30 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 8.43
IBM's Yield on cost (5-Year) is ranked higher than
91% of the 1378 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.01 vs. IBM: 8.43 )
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: 1.53  Med: 3.21 Max: 8.66
Current: 8.43
1.53
8.66
3-Year Average Share Buyback Ratio 5.90
IBM's 3-Year Average Share Buyback Ratio is ranked higher than
97% of the 1151 Companies
in the Global Information Technology Services industry.

( Industry Median: -2.20 vs. IBM: 5.90 )
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: -2.9  Med: 4.55 Max: 6.5
Current: 5.9
-2.9
6.5

Valuation & Return

vs
industry
vs
history
Price/Projected FCF 0.82
IBM's Price/Projected FCF is ranked higher than
82% of the 1270 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.48 vs. IBM: 0.82 )
Ranked among companies with meaningful Price/Projected FCF only.
IBM' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.69  Med: 1.17 Max: 3.79
Current: 0.82
0.69
3.79
Price/DCF (Earnings Based) 0.45
IBM's Price/DCF (Earnings Based) is ranked higher than
99% of the 243 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.46 vs. IBM: 0.45 )
Ranked among companies with meaningful Price/DCF (Earnings Based) only.
N/A
Price/Median PS Value 0.82
IBM's Price/Median PS Value is ranked higher than
72% of the 2155 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.01 vs. IBM: 0.82 )
Ranked among companies with meaningful Price/Median PS Value only.
IBM' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.42  Med: 0.99 Max: 1.59
Current: 0.82
0.42
1.59
Earnings Yield (Greenblatt) (%) 12.50
IBM's Earnings Yield (Greenblatt) (%) is ranked higher than
72% of the 1745 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.60 vs. IBM: 12.50 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
IBM' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 6.5  Med: 9.10 Max: 13.3
Current: 12.5
6.5
13.3
Forward Rate of Return (Yacktman) (%) 14.64
IBM's Forward Rate of Return (Yacktman) (%) is ranked higher than
57% of the 701 Companies
in the Global Information Technology Services industry.

( Industry Median: 10.48 vs. IBM: 14.64 )
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: 2.5  Med: 16.70 Max: 24.9
Current: 14.64
2.5
24.9

More Statistics

Revenue(Mil) $81742
EPS $ 13.45
Beta0.66
Short Percentage of Float2.57%
52-Week Range $116.90 - 176.30
Shares Outstanding(Mil)970.11

Analyst Estimate

Dec16 Dec17 Dec18
Revenue(Mil) 79,399 78,486 78,913
EPS($) 13.96 15.12 16.38
EPS without NRI($) 13.96 15.12 16.38

Latest Earnings Webcast

» More Conference Calls

Business Description

Industry: Application Software » Information Technology Services
Compare:AAPL, HPQ, DELL, LNVGY, NIPNF » 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 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 mainly 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 advanced 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 advanced technology needs and for external clients. Global Financing facilitates clients' acquisition of IBM systems, software and services. 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 has global presence, operating in more tha
» More Articles for IBM

Headlines

Articles On GuruFocus.com
Warren Buffett: 'I Am Not Worried' Feb 12 2016 
Big Data Firms Struggle as They Trade on Fundamentals Feb 12 2016 
T Rowe Trims Holdings in U.S. Bancorp, AT&T Feb 03 2016 
Berkshire Hathaway: Estimating Earnings Power Jan 20 2016 
Arnold Van Den Berg's Top 4th Quarter Buys Jan 18 2016 
How the Tech Sector Will Fare in 2016 Jan 12 2016 
IBM, Total SA, Honda, Suncor Energy Slump to 3-Year Low Prices Jan 12 2016 
10 Stocks Poised to Become Dividend Champions or Aristocrats Jan 11 2016 
eBay, Visa Among Companies With High Greenblatt ROC Jan 07 2016 
2015 Results and Review of Largest Holdings Jan 05 2016 

More From Other Websites
Data Sheet—Saturday, February 13, 2016 Feb 13 2016
IBM X-Force finds multiple IoT security risks in smart buildings Feb 13 2016
Facebook, JPMorgan, Wynn, IBM Lead Notable Insider Trades Feb 12 2016
Charlie Munger At The 2016 Daily Journal Corporation Meeting [FULL NOTES AND AUDIO] Feb 12 2016
IBM Announced New Cloud Unit for Its Recent Cloud Acquisitions Feb 12 2016
Ustream is IBM’s Latest Buy in the Video Space Feb 12 2016
IBM Hits 52-Week Low as Watson Branding Flails Feb 12 2016
IBM Achieves Highest U.S. Defense Information Systems Agency Authorization for Cloud Services Feb 11 2016
Noted Value Investor And Author, Charles Mizrahi, On A Proper Long-Term Investing Process Feb 11 2016
Tech, Energy Stocks Lead Winton Capital Management’s Portfolio Into 2016 Feb 11 2016
Why IBM Is Increasingly Focused on Its Interactive Experience Feb 11 2016
Here's Why IBM Is Looking So Vulnerable: Must-See Charts Feb 11 2016
Microsoft Azure IoT Chief Says Market Approaches 'Tipping Point' Feb 10 2016
Dow, S&P 500 log longest losing stretch in months Feb 10 2016
The 4 Stocks That Sank the Dow on Wednesday Feb 10 2016
Munger Says Jury Is Out on Whether IBM Reinvention Will Work Feb 10 2016
IBM Cognitive Computing Exec Leaves After Months on the Job Feb 10 2016
Resource/Ammirati Is IBM’s First Design and Creative Acquisition Feb 10 2016
'These small firms will grow despite the turmoil': table-topping managers on the stocks they are... Feb 10 2016
[$$] Head of IBM's New Artificial-Intelligence Group Leaves Feb 10 2016

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)
FEEDBACK