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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 : 5/10

vs
industry
vs
history
Cash to Debt 0.24
NYSE:IBM's Cash to Debt is ranked lower than
87% of the 1925 Companies
in the Global Information Technology Services industry.

( Industry Median: 6.46 vs. NYSE:IBM: 0.24 )
Ranked among companies with meaningful Cash to Debt only.
NYSE: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
NYSE:IBM's Equity to Asset is ranked lower than
92% of the 1823 Companies
in the Global Information Technology Services industry.

( Industry Median: 0.61 vs. NYSE:IBM: 0.15 )
Ranked among companies with meaningful Equity to Asset only.
NYSE: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
NYSE:IBM's Interest Coverage is ranked lower than
68% of the 1488 Companies
in the Global Information Technology Services industry.

( Industry Median: 166.16 vs. NYSE:IBM: 21.96 )
Ranked among companies with meaningful Interest Coverage only.
NYSE: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: 3.88
M-Score: -2.77
WACC vs ROIC
7.17%
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
NYSE:IBM's Operating margin (%) is ranked higher than
82% of the 1874 Companies
in the Global Information Technology Services industry.

( Industry Median: 4.72 vs. NYSE:IBM: 16.43 )
Ranked among companies with meaningful Operating margin (%) only.
NYSE: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
NYSE:IBM's Net-margin (%) is ranked higher than
84% of the 1874 Companies
in the Global Information Technology Services industry.

( Industry Median: 3.09 vs. NYSE:IBM: 14.75 )
Ranked among companies with meaningful Net-margin (%) only.
NYSE: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
NYSE:IBM's ROE (%) is ranked higher than
99% of the 1817 Companies
in the Global Information Technology Services industry.

( Industry Median: 5.66 vs. NYSE:IBM: 78.66 )
Ranked among companies with meaningful ROE (%) only.
NYSE: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
NYSE:IBM's ROA (%) is ranked higher than
81% of the 1929 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.83 vs. NYSE:IBM: 10.35 )
Ranked among companies with meaningful ROA (%) only.
NYSE: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
NYSE:IBM's ROC (Joel Greenblatt) (%) is ranked higher than
72% of the 1892 Companies
in the Global Information Technology Services industry.

( Industry Median: 21.43 vs. NYSE:IBM: 82.68 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
NYSE: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
NYSE:IBM's Revenue Growth (3Y)(%) is ranked lower than
69% of the 1456 Companies
in the Global Information Technology Services industry.

( Industry Median: 5.00 vs. NYSE:IBM: -2.20 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
NYSE: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
NYSE:IBM's EBITDA Growth (3Y)(%) is ranked lower than
69% of the 1203 Companies
in the Global Information Technology Services industry.

( Industry Median: 7.90 vs. NYSE:IBM: -4.90 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
NYSE: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
NYSE:IBM's EPS Growth (3Y)(%) is ranked lower than
63% of the 1092 Companies
in the Global Information Technology Services industry.

( Industry Median: 6.80 vs. NYSE:IBM: -2.60 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
NYSE: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
» NYSE:IBM's 10-Y Financials

Financials


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

» Details

Guru Trades

Q4 2015

IBM Guru Trades in Q4 2015

Arnold Van Den Berg 2,035 sh (New)
Paul Tudor Jones 33,450 sh (New)
Jerome Dodson 235,000 sh (New)
Edward Lampert 636,170 sh (+44.50%)
Joel Greenblatt 280,973 sh (+15.19%)
Diamond Hill Capital 1,307,059 sh (+10.22%)
Tweedy Browne 335,410 sh (+6.41%)
Barrow, Hanley, Mewhinney & Strauss 808,226 sh (+2.64%)
Pioneer Investments 164,841 sh (+0.09%)
Tweedy Browne Global Value 115,635 sh (unchged)
John Hussman 950 sh (unchged)
Kahn Brothers 7,158 sh (unchged)
First Eagle Investment 9,052 sh (unchged)
Paul Tudor Jones 1,700 sh (unchged)
Warren Buffett 81,033,450 sh (unchged)
David Dreman Sold Out
HOTCHKIS & WILEY Sold Out
Louis Moore Bacon Sold Out
Chase Coleman 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%)
Mairs and Power 198,072 sh (-2.95%)
John Buckingham 37,216 sh (-2.99%)
John Rogers 53,900 sh (-3.77%)
Manning & Napier Advisors, Inc 85,825 sh (-5.80%)
Ruane Cunniff 1,246,612 sh (-8.34%)
Ken Fisher 25,126 sh (-11.45%)
Ray Dalio 51,551 sh (-43.48%)
Robert Bruce 86,500 sh (-46.11%)
Jeremy Grantham 1,046,545 sh (-61.40%)
T Rowe Price Equity Income Fund 175,000 sh (-87.68%)
Bruce Berkowitz 47,900 sh (-93.65%)
» More
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
» Details

Insider Trades

Latest Guru Trades with IBM

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Business Description

Industry: Application Software » Information Technology Services
Compare:NYSE:ACN, NYSE:INFY, NAS:CTSH, OTCPK:HTHIY, NYSE:WIT, OTCPK:AMADY, OTCPK:CGEMY, NYSE:GIB, OTCPK:FJTSY, OTCPK:AEXAY, NYSE:XRX, NYSE:CSC, NYSE:IT, NAS:CDW, NYSE:LDOS, NAS:SABR, OTCPK:NIPNF, OTCPK:TSYHY, NYSE:CSRA, 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.

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.



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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.



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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.

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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...
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Ratios

vs
industry
vs
history
P/E(ttm) 13.06
IBM's P/E(ttm) is ranked higher than
79% of the 1260 Companies
in the Global Information Technology Services industry.

( Industry Median: 23.96 vs. IBM: 13.06 )
Ranked among companies with meaningful P/E(ttm) only.
IBM' s P/E(ttm) Range Over the Past 10 Years
Min: 8.94  Med: 13.62 Max: 17.92
Current: 13.06
8.94
17.92
Forward P/E 11.40
IBM's Forward P/E is ranked higher than
89% of the 296 Companies
in the Global Information Technology Services industry.

( Industry Median: 20.75 vs. IBM: 11.40 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 13.06
IBM's PE(NRI) is ranked higher than
79% of the 1240 Companies
in the Global Information Technology Services industry.

( Industry Median: 24.17 vs. IBM: 13.06 )
Ranked among companies with meaningful PE(NRI) only.
IBM' s PE(NRI) Range Over the Past 10 Years
Min: 8.89  Med: 13.09 Max: 18.06
Current: 13.06
8.89
18.06
Price/Owner Earnings (ttm) 11.81
IBM's Price/Owner Earnings (ttm) is ranked higher than
79% of the 734 Companies
in the Global Information Technology Services industry.

( Industry Median: 23.79 vs. IBM: 11.81 )
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: 14.36 Max: 19.36
Current: 11.81
8.9
19.36
P/B 8.95
IBM's P/B is ranked lower than
85% of the 1859 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.78 vs. IBM: 8.95 )
Ranked among companies with meaningful P/B only.
IBM' s P/B Range Over the Past 10 Years
Min: 3.34  Med: 8.95 Max: 14.09
Current: 8.95
3.34
14.09
P/S 1.93
IBM's P/S is ranked higher than
54% of the 1866 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.20 vs. IBM: 1.93 )
Ranked among companies with meaningful P/S only.
IBM' s P/S Range Over the Past 10 Years
Min: 1  Med: 1.79 Max: 2.43
Current: 1.93
1
2.43
PFCF 10.70
IBM's PFCF is ranked higher than
84% of the 702 Companies
in the Global Information Technology Services industry.

( Industry Median: 25.00 vs. IBM: 10.70 )
Ranked among companies with meaningful PFCF only.
IBM' s PFCF Range Over the Past 10 Years
Min: 8.08  Med: 13.94 Max: 17.35
Current: 10.7
8.08
17.35
POCF 8.33
IBM's POCF is ranked higher than
82% of the 886 Companies
in the Global Information Technology Services industry.

( Industry Median: 16.86 vs. IBM: 8.33 )
Ranked among companies with meaningful POCF only.
IBM' s POCF Range Over the Past 10 Years
Min: 5.98  Med: 9.74 Max: 13.01
Current: 8.33
5.98
13.01
EV-to-EBIT 14.17
IBM's EV-to-EBIT is ranked higher than
59% of the 1231 Companies
in the Global Information Technology Services industry.

( Industry Median: 17.27 vs. IBM: 14.17 )
Ranked among companies with meaningful EV-to-EBIT only.
IBM' s EV-to-EBIT Range Over the Past 10 Years
Min: 7.5  Med: 10.95 Max: 14.5
Current: 14.17
7.5
14.5
EV-to-EBITDA 10.69
IBM's EV-to-EBITDA is ranked higher than
60% of the 1335 Companies
in the Global Information Technology Services industry.

( Industry Median: 13.23 vs. IBM: 10.69 )
Ranked among companies with meaningful EV-to-EBITDA only.
IBM' s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.7  Med: 8.6 Max: 11
Current: 10.69
5.7
11
PEG 6.55
IBM's PEG is ranked lower than
82% of the 564 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.96 vs. IBM: 6.55 )
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: 6.55
0.59
10.48
Shiller P/E 12.98
IBM's Shiller P/E is ranked higher than
87% of the 289 Companies
in the Global Information Technology Services industry.

( Industry Median: 36.25 vs. IBM: 12.98 )
Ranked among companies with meaningful Shiller P/E only.
IBM' s Shiller P/E Range Over the Past 10 Years
Min: 10.28  Med: 20.76 Max: 25.82
Current: 12.98
10.28
25.82
Current Ratio 1.20
IBM's Current Ratio is ranked lower than
76% of the 1848 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.97 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 1848 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.82 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
54% of the 1089 Companies
in the Global Information Technology Services industry.

( Industry Median: 18.53 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 1495 Companies
in the Global Information Technology Services industry.

( Industry Median: 67.08 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
53% of the 1331 Companies
in the Global Information Technology Services industry.

( Industry Median: 43.28 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 3.43
IBM's Dividend Yield is ranked higher than
82% of the 1291 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.69 vs. IBM: 3.43 )
Ranked among companies with meaningful Dividend Yield only.
IBM' s Dividend Yield Range Over the Past 10 Years
Min: 0.9  Med: 1.7 Max: 4.13
Current: 3.43
0.9
4.13
Dividend Payout 0.44
IBM's Dividend Payout is ranked higher than
79% of the 760 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: 0.09  Med: 0.19 Max: 0.62
Current: 0.44
0.09
0.62
Dividend Growth (3y) 14.90
IBM's Dividend Growth (3y) is ranked higher than
65% of the 569 Companies
in the Global Information Technology Services industry.

( Industry Median: 7.70 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 3.50
IBM's Forward Dividend Yield is ranked higher than
79% of the 1219 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.90 vs. IBM: 3.50 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 6.75
IBM's Yield on cost (5-Year) is ranked higher than
87% of the 1581 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.22 vs. IBM: 6.75 )
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: 1.73  Med: 3.35 Max: 8.13
Current: 6.75
1.73
8.13
3-Year Average Share Buyback Ratio 4.70
IBM's 3-Year Average Share Buyback Ratio is ranked higher than
97% of the 1152 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 1.04
IBM's Price/Projected FCF is ranked higher than
77% of the 805 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.89 vs. IBM: 1.04 )
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: 1.04
0.73
3.71
Price/Median PS Value 1.08
IBM's Price/Median PS Value is ranked higher than
50% of the 1534 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.08 vs. IBM: 1.08 )
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: 0.99 Max: 1.57
Current: 1.08
0.52
1.57
Earnings Yield (Greenblatt) (%) 7.10
IBM's Earnings Yield (Greenblatt) (%) is ranked higher than
74% of the 1940 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.20 vs. IBM: 7.10 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
IBM' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 6.9  Med: 9.1 Max: 13.3
Current: 7.1
6.9
13.3
Forward Rate of Return (Yacktman) (%) 5.82
IBM's Forward Rate of Return (Yacktman) (%) is ranked lower than
60% of the 748 Companies
in the Global Information Technology Services industry.

( Industry Median: 10.33 vs. IBM: 5.82 )
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: 5.7  Med: 16.55 Max: 24.2
Current: 5.82
5.7
24.2

More Statistics

Revenue (TTM) (Mil) $80,207
EPS (TTM) $ 12.25
Beta0.86
Short Percentage of Float2.51%
52-Week Range $116.90 - 165.00
Shares Outstanding (Mil)950.85

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 79,569 79,373 79,733
EPS ($) 13.42 13.98 14.43
EPS w/o NRI ($) 13.42 13.98 14.43
EPS Growth Rate
(3Y to 5Y Estimate)
5.43%
Dividends Per Share ($) 4.88 5.10 5.46
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