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Also traded in: Argentina, Austria, 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 0.28
NYSE:IBM's Cash-to-Debt is ranked lower than
88% of the 2082 Companies
in the Global Information Technology Services industry.

( Industry Median: 8.37 vs. NYSE:IBM: 0.28 )
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: 0.27 Max: 0.6
Current: 0.28
0.1
0.6
Equity-to-Asset 0.15
NYSE:IBM's Equity-to-Asset is ranked lower than
91% of the 1985 Companies
in the Global Information Technology Services industry.

( Industry Median: 0.60 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: 0.24 Max: 0.54
Current: 0.15
0.1
0.54
Debt-to-Equity 2.55
NYSE:IBM's Debt-to-Equity is ranked lower than
96% of the 1133 Companies
in the Global Information Technology Services industry.

( Industry Median: 0.27 vs. NYSE:IBM: 2.55 )
Ranked among companies with meaningful Debt-to-Equity only.
NYSE:IBM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34  Med: 1.25 Max: 3.43
Current: 2.55
0.34
3.43
Debt-to-EBITDA 2.84
NYSE:IBM's Debt-to-EBITDA is ranked lower than
70% of the 1031 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.33 vs. NYSE:IBM: 2.84 )
Ranked among companies with meaningful Debt-to-EBITDA only.
NYSE:IBM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.11  Med: 1.53 Max: 2.83
Current: 2.84
1.11
2.83
Interest Coverage 18.61
NYSE:IBM's Interest Coverage is ranked lower than
71% of the 1570 Companies
in the Global Information Technology Services industry.

( Industry Median: 140.00 vs. NYSE:IBM: 18.61 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:IBM' s Interest Coverage Range Over the Past 10 Years
Min: 19.19  Med: 40.31 Max: 52.46
Current: 18.61
19.19
52.46
Piotroski F-Score: 6
Altman Z-Score: 3.57
Beneish M-Score: -2.97
WACC vs ROIC
7.08%
11.78%
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 % 14.97
NYSE:IBM's Operating Margin % is ranked higher than
76% of the 2027 Companies
in the Global Information Technology Services industry.

( Industry Median: 4.54 vs. NYSE:IBM: 14.97 )
Ranked among companies with meaningful Operating Margin % only.
NYSE:IBM' s Operating Margin % Range Over the Past 10 Years
Min: 14.91  Med: 19.26 Max: 21.54
Current: 14.97
14.91
21.54
Net Margin % 7.10
NYSE:IBM's Net Margin % is ranked higher than
67% of the 2027 Companies
in the Global Information Technology Services industry.

( Industry Median: 3.36 vs. NYSE:IBM: 7.10 )
Ranked among companies with meaningful Net Margin % only.
NYSE:IBM' s Net Margin % Range Over the Past 10 Years
Min: 7.27  Med: 14.84 Max: 16.76
Current: 7.1
7.27
16.76
ROE % 30.84
NYSE:IBM's ROE % is ranked higher than
92% of the 1969 Companies
in the Global Information Technology Services industry.

( Industry Median: 6.14 vs. NYSE:IBM: 30.84 )
Ranked among companies with meaningful ROE % only.
NYSE:IBM' s ROE % Range Over the Past 10 Years
Min: 32.1  Med: 73.24 Max: 100.96
Current: 30.84
32.1
100.96
ROA % 4.66
NYSE:IBM's ROA % is ranked higher than
59% of the 2097 Companies
in the Global Information Technology Services industry.

( Industry Median: 3.01 vs. NYSE:IBM: 4.66 )
Ranked among companies with meaningful ROA % only.
NYSE:IBM' s ROA % Range Over the Past 10 Years
Min: 4.74  Med: 11.94 Max: 14.09
Current: 4.66
4.74
14.09
ROC (Joel Greenblatt) % 106.46
NYSE:IBM's ROC (Joel Greenblatt) % is ranked higher than
71% of the 2065 Companies
in the Global Information Technology Services industry.

( Industry Median: 20.86 vs. NYSE:IBM: 106.46 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
NYSE:IBM' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 109.49  Med: 145.31 Max: 166.47
Current: 106.46
109.49
166.47
3-Year Revenue Growth Rate -2.80
NYSE:IBM's 3-Year Revenue Growth Rate is ranked lower than
71% of the 1648 Companies
in the Global Information Technology Services industry.

( Industry Median: 5.80 vs. NYSE:IBM: -2.80 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NYSE:IBM' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -3.2  Med: 4.8 Max: 13.2
Current: -2.8
-3.2
13.2
3-Year EBITDA Growth Rate -10.60
NYSE:IBM's 3-Year EBITDA Growth Rate is ranked lower than
78% of the 1481 Companies
in the Global Information Technology Services industry.

( Industry Median: 8.80 vs. NYSE:IBM: -10.60 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NYSE:IBM' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 7.6 Max: 26.1
Current: -10.6
0
26.1
3-Year EPS without NRI Growth Rate -26.70
NYSE:IBM's 3-Year EPS without NRI Growth Rate is ranked lower than
86% of the 1387 Companies
in the Global Information Technology Services industry.

( Industry Median: 9.80 vs. NYSE:IBM: -26.70 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
NYSE:IBM' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: 6.2 Max: 33.7
Current: -26.7
0
33.7
GuruFocus has detected 5 Warning Signs with International Business Machines Corp NYSE:IBM.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NYSE:IBM's 30-Y Financials

Financials (Next Earnings Date: 2018-07-18)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2017

IBM Guru Trades in Q2 2017

Joel Greenblatt 304,839 sh (+216.85%)
First Eagle Investment 32,122 sh (+69.76%)
Tom Gayner 15,700 sh (+61.86%)
David Dreman 5,850 sh (+45.31%)
Manning & Napier Advisors, Inc 145,331 sh (+37.94%)
Jim Simons 2,720,300 sh (+34.42%)
Robert Olstein 28,000 sh (+33.33%)
Caxton Associates 4,200 sh (+23.53%)
Ken Fisher 22,029 sh (+9.19%)
Ray Dalio 87,567 sh (+3.45%)
Jeremy Grantham 357,207 sh (+2.68%)
John Buckingham 37,282 sh (+2.42%)
Jerome Dodson 235,000 sh (unchged)
Tweedy Browne Global Value 115,635 sh (unchged)
Robert Bruce 106,500 sh (unchged)
Pioneer Investments Sold Out
Ruane Cunniff Sold Out
George Soros Sold Out
Mairs and Power 177,629 sh (-0.74%)
Dodge & Cox 93,937 sh (-2.13%)
Tom Russo 8,934 sh (-2.46%)
Mario Gabelli 11,988 sh (-3.62%)
Arnold Van Den Berg 63,474 sh (-3.72%)
Barrow, Hanley, Mewhinney & Strauss 882,699 sh (-6.77%)
John Rogers 46,987 sh (-11.42%)
Paul Tudor Jones 12,172 sh (-11.69%)
Tweedy Browne 234,755 sh (-14.25%)
Warren Buffett 54,084,673 sh (-16.23%)
John Hussman 40,700 sh (-19.72%)
Kahn Brothers 3,323 sh (-42.54%)
Prem Watsa 661,900 sh (-51.40%)
» More
Q3 2017

IBM Guru Trades in Q3 2017

Robert Olstein 42,000 sh (+50.00%)
Ken Fisher 26,441 sh (+20.03%)
Ray Dalio 93,432 sh (+6.70%)
John Buckingham 37,848 sh (+1.52%)
Tweedy Browne Global Value 115,635 sh (unchged)
Jerome Dodson 235,000 sh (unchged)
Tom Gayner 15,700 sh (unchged)
First Eagle Investment 32,122 sh (unchged)
David Dreman 5,850 sh (unchged)
Tweedy Browne 234,755 sh (unchged)
Caxton Associates 4,200 sh (unchged)
Robert Bruce 106,500 sh (unchged)
Paul Tudor Jones Sold Out
John Rogers 46,964 sh (-0.05%)
Mario Gabelli 11,888 sh (-0.83%)
Mairs and Power 171,092 sh (-3.68%)
Arnold Van Den Berg 60,964 sh (-3.95%)
Dodge & Cox 90,057 sh (-4.13%)
Manning & Napier Advisors, Inc 134,050 sh (-7.76%)
Tom Russo 8,184 sh (-8.39%)
Joel Greenblatt 240,681 sh (-21.05%)
Barrow, Hanley, Mewhinney & Strauss 619,266 sh (-29.84%)
Warren Buffett 37,026,698 sh (-31.54%)
John Hussman 25,700 sh (-36.86%)
Prem Watsa 281,200 sh (-57.52%)
Jim Simons 1,107,687 sh (-59.28%)
Jeremy Grantham 96,384 sh (-73.02%)
Kahn Brothers 50 sh (-98.50%)
» More
Q4 2017

IBM Guru Trades in Q4 2017

Pioneer Investments 1,613,489 sh (New)
Steven Cohen 548,666 sh (New)
Paul Tudor Jones 25,440 sh (New)
Jim Simons 3,115,200 sh (+181.23%)
Caxton Associates 8,257 sh (+96.60%)
Robert Olstein 57,000 sh (+35.71%)
John Buckingham 46,765 sh (+23.56%)
Jerome Dodson 235,000 sh (unchged)
John Hussman 25,700 sh (unchged)
First Eagle Investment 32,122 sh (unchged)
Tom Gayner 15,700 sh (unchged)
David Dreman 5,850 sh (unchged)
Robert Bruce 106,500 sh (unchged)
Tweedy Browne Global Value Sold Out
Kahn Brothers Sold Out
Joel Greenblatt Sold Out
Tweedy Browne Sold Out
John Rogers 46,946 sh (-0.04%)
Barrow, Hanley, Mewhinney & Strauss 618,878 sh (-0.06%)
Mario Gabelli 11,788 sh (-0.84%)
Dodge & Cox 86,484 sh (-3.97%)
Prem Watsa 265,700 sh (-5.51%)
Tom Russo 7,588 sh (-7.28%)
Ken Fisher 24,033 sh (-9.11%)
Arnold Van Den Berg 51,172 sh (-16.06%)
Mairs and Power 127,868 sh (-25.26%)
Ray Dalio 35,797 sh (-61.69%)
Warren Buffett 2,048,045 sh (-94.47%)
Jeremy Grantham 2,266 sh (-97.65%)
» More
Q1 2018

IBM Guru Trades in Q1 2018

Murray Stahl 1,381 sh (New)
Joel Greenblatt 301,775 sh (New)
Robert Bruce 146,500 sh (+37.56%)
Barrow, Hanley, Mewhinney & Strauss 707,814 sh (+14.37%)
Pioneer Investments 1,771,169 sh (+9.77%)
John Buckingham 48,712 sh (+4.16%)
Robert Olstein 59,000 sh (+3.51%)
Mario Gabelli 12,201 sh (+3.50%)
Tom Gayner 15,700 sh (unchged)
David Dreman 5,850 sh (unchged)
Prem Watsa 265,700 sh (unchged)
Jeremy Grantham 2,266 sh (unchged)
Jerome Dodson Sold Out
John Rogers Sold Out
Warren Buffett Sold Out
Caxton Associates Sold Out
Steven Cohen Sold Out
First Eagle Investment Sold Out
Dodge & Cox 83,796 sh (-3.11%)
Ken Fisher 23,133 sh (-3.74%)
Mairs and Power 121,905 sh (-4.66%)
Tom Russo 6,173 sh (-18.65%)
Ray Dalio 26,686 sh (-25.45%)
Arnold Van Den Berg 35,822 sh (-30.00%)
Jim Simons 1,512,000 sh (-51.46%)
Paul Tudor Jones 5,664 sh (-77.74%)
John Hussman 5,000 sh (-80.54%)
» 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%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Barrow, Hanley, Mewhinney & Strauss 2018-03-31 Add 14.37%0.02%$147.59 - $169.12 $ 144.48-9%707,814
Joel Greenblatt 2018-03-31 New Buy0.65%$147.59 - $169.12 $ 144.48-9%301,775
Robert Bruce 2018-03-31 Add 37.56%1.39%$147.59 - $169.12 $ 144.48-9%146,500
Dodge & Cox 2018-03-31 Reduce -3.11%$147.59 - $169.12 $ 144.48-9%83,796
Robert Olstein 2018-03-31 Add 3.51%0.04%$147.59 - $169.12 $ 144.48-9%59,000
Arnold Van Den Berg 2018-03-31 Reduce -30.00%0.32%$147.59 - $169.12 $ 144.48-9%35,822
Ken Fisher 2018-03-31 Reduce -3.74%$147.59 - $169.12 $ 144.48-9%23,133
Mario Gabelli 2018-03-31 Add 3.50%$147.59 - $169.12 $ 144.48-9%12,201
First Eagle Investment 2018-03-31 Sold Out 0.01%$147.59 - $169.12 $ 144.48-9%0
Warren Buffett 2018-03-31 Sold Out 0.16%$147.59 - $169.12 $ 144.48-9%0
John Rogers 2018-03-31 Sold Out 0.08%$147.59 - $169.12 $ 144.48-9%0
Warren Buffett 2017-12-31 Reduce -94.47%2.85%$146.48 - $162.07 $ 144.48-5%2,048,045
Barrow, Hanley, Mewhinney & Strauss 2017-12-31 Reduce -0.06%$146.48 - $162.07 $ 144.48-5%618,878
Prem Watsa 2017-12-31 Reduce -5.51%0.18%$146.48 - $162.07 $ 144.48-5%265,700
Dodge & Cox 2017-12-31 Reduce -3.97%$146.48 - $162.07 $ 144.48-5%86,484
Robert Olstein 2017-12-31 Add 35.71%0.29%$146.48 - $162.07 $ 144.48-5%57,000
Arnold Van Den Berg 2017-12-31 Reduce -16.06%0.2%$146.48 - $162.07 $ 144.48-5%51,172
John Rogers 2017-12-31 Reduce -0.04%$146.48 - $162.07 $ 144.48-5%46,946
Ken Fisher 2017-12-31 Reduce -9.11%$146.48 - $162.07 $ 144.48-5%24,033
Mario Gabelli 2017-12-31 Reduce -0.84%$146.48 - $162.07 $ 144.48-5%11,788
Tweedy Browne 2017-12-31 Sold Out 0.93%$146.48 - $162.07 $ 144.48-5%0
Joel Greenblatt 2017-12-31 Sold Out 0.51%$146.48 - $162.07 $ 144.48-5%0
Kahn Brothers 2017-12-31 Sold Out $146.48 - $162.07 $ 144.48-5%0
Warren Buffett 2017-09-30 Reduce -31.54%1.62%$139.7 - $155.58 $ 144.48-1%37,026,698
Barrow, Hanley, Mewhinney & Strauss 2017-09-30 Reduce -29.84%0.06%$139.7 - $155.58 $ 144.48-1%619,266
Prem Watsa 2017-09-30 Reduce -57.52%5.19%$139.7 - $155.58 $ 144.48-1%281,200
Joel Greenblatt 2017-09-30 Reduce -21.05%0.14%$139.7 - $155.58 $ 144.48-1%240,681
Dodge & Cox 2017-09-30 Reduce -4.13%$139.7 - $155.58 $ 144.48-1%90,057
Arnold Van Den Berg 2017-09-30 Reduce -3.95%0.06%$139.7 - $155.58 $ 144.48-1%60,964
John Rogers 2017-09-30 Reduce -0.05%$139.7 - $155.58 $ 144.48-1%46,964
Robert Olstein 2017-09-30 Add 50.00%0.26%$139.7 - $155.58 $ 144.48-1%42,000
Ken Fisher 2017-09-30 Add 20.03%$139.7 - $155.58 $ 144.48-1%26,441
Mario Gabelli 2017-09-30 Reduce -0.83%$139.7 - $155.58 $ 144.48-1%11,888
Kahn Brothers 2017-09-30 Reduce -98.50%0.08%$139.7 - $155.58 $ 144.48-1%50
Warren Buffett 2017-06-30 Reduce -16.23%1.13%$150.37 - $174.52 $ 144.48-9%54,084,673
Barrow, Hanley, Mewhinney & Strauss 2017-06-30 Reduce -6.77%0.02%$150.37 - $174.52 $ 144.48-9%882,699
Prem Watsa 2017-06-30 Reduce -51.40%9.84%$150.37 - $174.52 $ 144.48-9%661,900
Joel Greenblatt 2017-06-30 Add 216.85%0.45%$150.37 - $174.52 $ 144.48-9%304,839
Tweedy Browne 2017-06-30 Reduce -14.25%0.2%$150.37 - $174.52 $ 144.48-9%234,755
Dodge & Cox 2017-06-30 Reduce -2.13%$150.37 - $174.52 $ 144.48-9%93,937
Arnold Van Den Berg 2017-06-30 Reduce -3.72%0.06%$150.37 - $174.52 $ 144.48-9%63,474
John Rogers 2017-06-30 Reduce -11.42%0.01%$150.37 - $174.52 $ 144.48-9%46,987
First Eagle Investment 2017-06-30 Add 69.76%$150.37 - $174.52 $ 144.48-9%32,122
Robert Olstein 2017-06-30 Add 33.33%0.14%$150.37 - $174.52 $ 144.48-9%28,000
Ken Fisher 2017-06-30 Add 9.19%$150.37 - $174.52 $ 144.48-9%22,029
Tom Gayner 2017-06-30 Add 61.86%0.02%$150.37 - $174.52 $ 144.48-9%15,700
Mario Gabelli 2017-06-30 Reduce -3.62%$150.37 - $174.52 $ 144.48-9%11,988
David Dreman 2017-06-30 Add 45.31%0.16%$150.37 - $174.52 $ 144.48-9%5,850
Kahn Brothers 2017-06-30 Reduce -42.54%0.07%$150.37 - $174.52 $ 144.48-9%3,323
Ruane Cunniff 2017-06-30 Sold Out $150.37 - $174.52 $ 144.48-9%0
George Soros 2017-06-30 Sold Out 0.03%$150.37 - $174.52 $ 144.48-9%0
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Business Description

Industry: Application Software » Information Technology Services    NAICS: 541512    SIC: 7373
Compare:NYSE:ACN, BOM:532540, NAS:CTSH, NSE:INFY, TSE:6501, XMCE:AMS, NYSE:DXC, XPAR:CAP, NSE:HCLTECH, BOM:507685, XKRX:018260, TSX:GIB.A, XKRX:034730, TSE:9613, XPAR:ATO, TSE:6702, TSE:4307, NYSE:IT, NAS:CDW, NYSE:LDOS » details
Traded in other countries:IBM.Argentina, IBM.Austria, IBMC.Belgium, IBMB34.Brazil, IBM.Chile, IBM.Germany, IBM.Mexico, IBMA.Netherlands, IBM.Peru, IBM.Switzerland, IBM.UK,
Headquarter Location:USA
International Business Machines Corp offers a variety of IT services along with software, and hardware. It has operations in over 170 countries and provides planning, build, manage, and maintain IT infrastructure, platforms, applications, and services.

IBM is an IT behemoth with an operating history dating back over 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.

Top Ranked Articles about International Business Machines Corp

IBM Acquires Oniqua, Strengthens Leading IoT Capabilities to Help Businesses Proactively Maintain Vital Assets
Consolidated Research: 2018 Summary Expectations for Rayonier Advanced Materials, CYS Investments, Avid Bioservices, American Airlines Group, Exelixis, and International Business Machines — Fundamental Analysis, Key Performance Indications
IBM Unveils Major Expansion of Cloud Capabilities; Industry Leaders ExxonMobil, Bausch + Lomb and Westpac Shift to IBM Cloud
Murray Stahl's New Buys in 1st Quarter Balchem, a chemical nutrient producer, bears the profile of a quality company. A billboard operator new to Wall Street that struggles to turn a profit is included in new buys
Murray Stahl (Trades, Portfolio)’s Horizon Kinetics initiated four major ownership positions in the first quarter of the year, all of which have reported estimated gains of up to 26%. Read more...
IBM and H2O.ai Partnership Aims to Accelerate Adoption of AI in the Enterprise
52-Week Company Lows Details the 52-week lows this past week from the following companies: Johnson & Johnson, IBM, Philip Morris International, Walgreens, Colgate-Palmolive, and Duke Energy.
According to GuruFocus’ list of 52-week lows, these Guru stocks have reached their 52-week lows. Read more...
US Market Indexes Continue Gains on Tuesday Nasdaq Composite reports another closing high
U.S. market indexes were mostly higher on Tuesday. The Dow Jones Industrial Average closed at 24,799.98 for a loss of -13.71 points or -0.06%. The S&P 500 closed at 2,748.80 for a gain of 1.93 points or 0.07%. The Nasdaq Composite closed at 7,637.86 for a gain of 31.40 points or 0.41%. The VIX Volatility Index was lower at 12.46 for a loss of -0.28 points or -2.20%. Read more...
Amazon Seeks to Replicate Success of Its Online Retail Business in Its Cloud Services Offerings Company is using the same business model to achieve dominance in the corporate online software business, but some claim its practices unfairly restrain competition
Although Amazon.com Inc. (NASDAQ:AMZN), as a company, is predominately associated with online retail, its most profitable enterprise has been its web data services division (Amazon Web Services), which has become a lucrative cash cow for the company. Its operating margins are enviable. The unit provided 73% of its operating income, or $1.4 billion, on about 11% of its $51 billion in total revenue it reported in the most recent quarter. The $5.4 billion in first-quarter revenue from its cloud provider services represents a 49% increase from the same period last year. Read more...
What Apple and IBM Have in Common Why they offer higher margin of safety than Amazon
A few weeks ago I attended an event where we discussed our thoughts and observations from attending the 2018 Berkshire annual meeting. I read the detailed meeting notes and the after-meeting CNBC interview transcripts while preparing for the meeting. Somehow it dawned on me one similarity between IBM (NYSE:IBM) and Apple (NASDAQ:AAPL), or maybe more relevant to the discussion, one significant difference between the two tech giants and the other tech giants such as Amazon (NASDAQ:AMZN) and Alphabet (GOOGL): Apple and IBM have both been purchasing shares while Amazon and Alphabet have been net share issuers. Thanks to GuruFocus’ awesome interactive chart feature, we can visualize the 10-year trend of diluted average shares outstanding below. Read more...
52-Week Company Lows Details the 52-week lows of the following companies: Johnson & Johnson, IBM, Philip Morris International, 3M Co., US Bancorp and Walgreens Boots Alliance
According to GuruFocus' list of 52-week lows, these Guru stocks have reached their 52-week lows. Read more...

Ratios

vs
industry
vs
history
PE Ratio 23.69
IBM's PE Ratio is ranked higher than
54% of the 1288 Companies
in the Global Information Technology Services industry.

( Industry Median: 27.61 vs. IBM: 23.69 )
Ranked among companies with meaningful PE Ratio only.
IBM' s PE Ratio Range Over the Past 10 Years
Min: 8.94  Med: 13.34 Max: 27.25
Current: 23.69
8.94
27.25
Forward PE Ratio 10.50
IBM's Forward PE Ratio is ranked higher than
94% of the 318 Companies
in the Global Information Technology Services industry.

( Industry Median: 24.04 vs. IBM: 10.50 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 23.69
IBM's PE Ratio without NRI is ranked higher than
54% of the 1279 Companies
in the Global Information Technology Services industry.

( Industry Median: 27.94 vs. IBM: 23.69 )
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: 12.84 Max: 27.25
Current: 23.69
8.89
27.25
Price-to-Owner-Earnings 9.40
IBM's Price-to-Owner-Earnings is ranked higher than
72% of the 749 Companies
in the Global Information Technology Services industry.

( Industry Median: 27.98 vs. IBM: 9.40 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
IBM' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 8.8  Med: 13.43 Max: 17.8
Current: 9.4
8.8
17.8
PB Ratio 7.30
IBM's PB Ratio is ranked lower than
80% of the 1923 Companies
in the Global Information Technology Services industry.

( Industry Median: 3.25 vs. IBM: 7.30 )
Ranked among companies with meaningful PB Ratio only.
IBM' s PB Ratio Range Over the Past 10 Years
Min: 3.66  Med: 9.01 Max: 14.09
Current: 7.3
3.66
14.09
PS Ratio 1.68
IBM's PS Ratio is ranked higher than
60% of the 1917 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.57 vs. IBM: 1.68 )
Ranked among companies with meaningful PS Ratio only.
IBM' s PS Ratio Range Over the Past 10 Years
Min: 1  Med: 1.85 Max: 2.42
Current: 1.68
1
2.42
Price-to-Free-Cash-Flow 9.98
IBM's Price-to-Free-Cash-Flow is ranked higher than
87% of the 689 Companies
in the Global Information Technology Services industry.

( Industry Median: 28.70 vs. IBM: 9.98 )
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  Med: 13.08 Max: 16.83
Current: 9.98
8
16.83
Price-to-Operating-Cash-Flow 7.74
IBM's Price-to-Operating-Cash-Flow is ranked higher than
83% of the 889 Companies
in the Global Information Technology Services industry.

( Industry Median: 20.00 vs. IBM: 7.74 )
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: 5.93  Med: 9.57 Max: 12.94
Current: 7.74
5.93
12.94
EV-to-EBIT 14.14
IBM's EV-to-EBIT is ranked higher than
64% of the 1329 Companies
in the Global Information Technology Services industry.

( Industry Median: 20.79 vs. IBM: 14.14 )
Ranked among companies with meaningful EV-to-EBIT only.
IBM' s EV-to-EBIT Range Over the Past 10 Years
Min: 7.5  Med: 11.1 Max: 15.9
Current: 14.14
7.5
15.9
EV-to-EBITDA 10.19
IBM's EV-to-EBITDA is ranked higher than
70% of the 1441 Companies
in the Global Information Technology Services industry.

( Industry Median: 16.23 vs. IBM: 10.19 )
Ranked among companies with meaningful EV-to-EBITDA only.
IBM' s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.7  Med: 8.9 Max: 11.9
Current: 10.19
5.7
11.9
EV-to-Revenue 2.08
IBM's EV-to-Revenue is ranked higher than
54% of the 2002 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.59 vs. IBM: 2.08 )
Ranked among companies with meaningful EV-to-Revenue only.
IBM' s EV-to-Revenue Range Over the Past 10 Years
Min: 1.2  Med: 2.2 Max: 2.6
Current: 2.08
1.2
2.6
Shiller PE Ratio 11.31
IBM's Shiller PE Ratio is ranked higher than
90% of the 359 Companies
in the Global Information Technology Services industry.

( Industry Median: 39.15 vs. IBM: 11.31 )
Ranked among companies with meaningful Shiller PE Ratio only.
IBM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.28  Med: 19.01 Max: 26.05
Current: 11.31
10.28
26.05
Current Ratio 1.37
IBM's Current Ratio is ranked lower than
71% of the 1912 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.96 vs. IBM: 1.37 )
Ranked among companies with meaningful Current Ratio only.
IBM' s Current Ratio Range Over the Past 10 Years
Min: 0.88  Med: 1.22 Max: 2.03
Current: 1.37
0.88
2.03
Quick Ratio 1.33
IBM's Quick Ratio is ranked lower than
68% of the 1912 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.81 vs. IBM: 1.33 )
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: 1.48
Current: 1.33
0.82
1.48
Days Inventory 13.91
IBM's Days Inventory is ranked higher than
56% of the 1183 Companies
in the Global Information Technology Services industry.

( Industry Median: 17.94 vs. IBM: 13.91 )
Ranked among companies with meaningful Days Inventory only.
IBM' s Days Inventory Range Over the Past 10 Years
Min: 13.34  Med: 16.82 Max: 18.24
Current: 13.91
13.34
18.24
Days Sales Outstanding 35.46
IBM's Days Sales Outstanding is ranked higher than
78% of the 1642 Companies
in the Global Information Technology Services industry.

( Industry Median: 68.90 vs. IBM: 35.46 )
Ranked among companies with meaningful Days Sales Outstanding only.
IBM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 35.76  Med: 40.01 Max: 45.28
Current: 35.46
35.76
45.28
Days Payable 48.29
IBM's Days Payable is ranked higher than
58% of the 1444 Companies
in the Global Information Technology Services industry.

( Industry Median: 45.06 vs. IBM: 48.29 )
Ranked among companies with meaningful Days Payable only.
IBM' s Days Payable Range Over the Past 10 Years
Min: 44.16  Med: 54.23 Max: 55.27
Current: 48.29
44.16
55.27

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 4.21
IBM's Dividend Yield % is ranked higher than
90% of the 1399 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.41 vs. IBM: 4.21 )
Ranked among companies with meaningful Dividend Yield % only.
IBM' s Dividend Yield % Range Over the Past 10 Years
Min: 1.11  Med: 1.91 Max: 4.23
Current: 4.21
1.11
4.23
Dividend Payout Ratio 0.98
IBM's Dividend Payout Ratio is ranked higher than
74% of the 883 Companies
in the Global Information Technology Services industry.

( Industry Median: 0.32 vs. IBM: 0.98 )
Ranked among companies with meaningful Dividend Payout Ratio only.
IBM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.21  Med: 0.23 Max: 0.96
Current: 0.98
0.21
0.96
3-Year Dividend Growth Rate 11.60
IBM's 3-Year Dividend Growth Rate is ranked higher than
55% of the 584 Companies
in the Global Information Technology Services industry.

( Industry Median: 9.10 vs. IBM: 11.60 )
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: -40.9  Med: 13.1 Max: 34.6
Current: 11.6
-40.9
34.6
Forward Dividend Yield % 4.32
IBM's Forward Dividend Yield % is ranked higher than
89% of the 1332 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.58 vs. IBM: 4.32 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 7.72
IBM's 5-Year Yield-on-Cost % is ranked higher than
92% of the 1800 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.86 vs. IBM: 7.72 )
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: 2.04  Med: 3.49 Max: 7.76
Current: 7.72
2.04
7.76
3-Year Average Share Buyback Ratio 2.40
IBM's 3-Year Average Share Buyback Ratio is ranked higher than
93% of the 1376 Companies
in the Global Information Technology Services industry.

( Industry Median: -3.20 vs. IBM: 2.40 )
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: -1  Med: 3.9 Max: 6.6
Current: 2.4
-1
6.6

Valuation & Return

vs
industry
vs
history
Price-to-Intrinsic-Value-Projected-FCF 0.94
IBM's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
83% of the 789 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.28 vs. IBM: 0.94 )
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: 0.71  Med: 1.19 Max: 6.04
Current: 0.94
0.71
6.04
Price-to-Median-PS-Value 0.91
IBM's Price-to-Median-PS-Value is ranked higher than
58% of the 1595 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.14 vs. IBM: 0.91 )
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: 0.21  Med: 0.89 Max: 1.56
Current: 0.91
0.21
1.56
Earnings Yield (Greenblatt) % 7.07
IBM's Earnings Yield (Greenblatt) % is ranked higher than
78% of the 2098 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.99 vs. IBM: 7.07 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
IBM' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 6.3  Med: 9 Max: 13.4
Current: 7.07
6.3
13.4
Forward Rate of Return (Yacktman) % 1.75
IBM's Forward Rate of Return (Yacktman) % is ranked lower than
73% of the 834 Companies
in the Global Information Technology Services industry.

( Industry Median: 10.67 vs. IBM: 1.75 )
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: 0.8  Med: 16.15 Max: 23.6
Current: 1.75
0.8
23.6

More Statistics

Revenue (TTM) (Mil) $80,056.00
EPS (TTM) $ 6.10
Beta1.03
Volatility13.69%
52-Week Range $139.13 - 171.13
Shares Outstanding (Mil)917.97

Analyst Estimate

Dec18 Dec19 Dec20
Revenue (Mil $) 80,329 80,407 80,350
EBIT (Mil $) 12,764 13,713 14,056
EBITDA (Mil $) 17,487 18,600 18,802
EPS ($) 12.14 12.48 13.26
EPS without NRI ($) 12.14 12.48 13.26
EPS Growth Rate
(Future 3Y To 5Y Estimate)
6.02%
Dividends per Share ($) 5.97 6.21 6.22

Piotroski F-Score Details

Piotroski F-Score: 66
Positive ROAY
Positive CFROAY
Higher ROA yoyN
CFROA > ROAY
Lower Leverage yoyN
Higher Current Ratio yoyY
Less Shares Outstanding yoyY
Higher Gross Margin yoyN
Higher Asset Turnover yoyY

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