IBM (International Business Machines) EPS without NRI: $11.88 (TTM As of Mar. 2026)


IBM International Business Machines Corp IBM
81 GF Score
Price $289.52
GF Value $239.14
Valuation Modestly Overvalued
! 3 Warning Signs
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What is International Business Machines EPS without NRI?

International Business Machines IBM +1.14% 81 EPS without NRI is $11.88 as of Mar. 2026. GuruFocus rates IBM with a GF Score™ of 81/100 and a GF Value™ of $239.14 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,087 Software companies, International Business Machines ranks worse than 56.16% on this metric.

International Business Machines's earnings per share without non-recurring items for the three months ended in Mar. 2026 was $1.91. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was $11.88.

During the past 12 months, International Business Machines's average earnings per share (NRI) Growth Rate was 15.90% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was 8.30% per year. During the past 5 years, the average earnings per share (NRI) Growth Rate was 6.80% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was -4.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for International Business Machines's EPS without NRI or its related term are showing as below:

IBM' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -16.9   Med: 7.1   Max: 31.2
Current: 8.3

During the past 13 years, International Business Machines's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 31.20% per year. The lowest was -16.90% per year. And the median was 7.10% per year.

IBM's 3-Year EPS without NRI Growth Rate is ranked worse than
56.16% of 2087 companies
in the Software industry
Industry Median: 12.5 vs IBM: 8.30

International Business Machines's EPS (Diluted) for the three months ended in Mar. 2026 was $1.28. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $11.31.

International Business Machines's EPS (Basic) for the three months ended in Mar. 2026 was $1.30. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was $11.51.


International Business Machines  (NYSE:IBM) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


International Business Machines EPS without NRI Related Terms


International Business Machines EPS without NRI Historical Data

* Premium members only.

The historical data trend for International Business Machines's EPS without NRI can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

International Business Machines EPS without NRI Chart

International Business Machines Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.93 9.13 9.62 10.33 11.59

International Business Machines Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EPS without NRI Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.60 2.80 2.65 4.52 1.91

IBM vs ACN, FISV, FIS: EPS without NRI Comparison

For the Information Technology Services subindustry, International Business Machines's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


International Business Machines PE Ratio without NRI vs Software Industry

For the Software industry and Technology sector, International Business Machines's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where International Business Machines's PE Ratio without NRI falls into.


IBM
81GF Score
International Business Machines Corp IBM
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
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International Business Machines EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $11.88

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EPS without NRI →
What does a EPS without NRI of $11.88 mean?
International Business Machines (IBM) has a EPS without NRI of $11.88 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on International Business Machines and its competitors. According to the industry distribution chart, International Business Machines ranks #1172 out of 2087 companies in the Software industry, placing it in the top 56.2%.
Is International Business Machines' EPS without NRI too high?
International Business Machines' current EPS without NRI is $11.88. The Software industry median EPS without NRI is 12.50. International Business Machines' value of $11.88 is 5% below this industry median. Based on the distribution chart, International Business Machines ranks #1172 out of 2087 companies in the Software industry, which is below the industry midpoint. Overall, International Business Machines has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does International Business Machines' EPS without NRI compare to ACN and FISV?
According to the Software industry distribution chart, International Business Machines ranks #1172 out of 2087 companies for EPS without NRI. This places International Business Machines in the lower half of its industry. The industry median EPS without NRI is 12.50. International Business Machines' value of $11.88 is 5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a Software company?
The median EPS without NRI among Software companies is 12.50, based on 2,087 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. International Business Machines's current EPS without NRI of $11.88 is 5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on International Business Machines and its competitors. For the Software industry, the median EPS without NRI is 12.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Business Machines's current EPS without NRI is $11.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Business Machines stock overvalued right now?
Based on GuruFocus' analysis, International Business Machines (IBM) is currently considered Modestly Overvalued. The stock's GF Value™ is $239.14, compared to a current price of $289.52 — trading 21.1% above its estimated fair value. The current EPS without NRI is $11.88 and 5% below the Software industry median of 12.50. International Business Machines' overall GF Score™ is 81/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For International Business Machines (IBM), the current EPS without NRI is $11.88 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is International Business Machines (IBM) Overvalued in 2026?

Based on GuruFocus' analysis, International Business Machines stock appears to be overvalued. The current stock price of $289.52 is trading 21.1% above its estimated GF Value™ of $239.14. GuruFocus considers International Business Machines to be Modestly Overvalued.

Key valuation signals for IBM:

  • EPS without NRI: $11.88
  • GF Value™: $239.14 vs. price of $289.52 (21.1% above fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 5% below the Software median (#1172 of 2087)

No single metric tells the full story. See the IBM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


International Business Machines Business Description

Address One New Orchard Road, Armonk, NY, USA, 10504
Incorporated in 1911, International Business Machines, or IBM, is one of the oldest technology companies in the world. It provides software, IT consulting services, and hardware to help business customers modernize their technology workflows. IBM operates in 175 countries and employs approximately 300,000 people. The company has a robust roster of business partners to service its clients, which includes 95% of all Fortune 500 companies. IBM's products, including Red Hat, watsonx, and mainframes, handle some of the world's most important data workloads in areas like finance and retail.
81GF Score

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EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$289.52
Price
$239.14
GF Value