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The historical rank and industry rank for International Business Machines's Net Cash per Share or its related term are showing as below:
CHIX:IBMd's Price-to-Net-Cash is not ranked *
in the Software industry.
Industry Median: 8.465 * Ranked among companies with meaningful Price-to-Net-Cash only.
International Business Machines (CHIX:IBMd) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
International Business Machines Net Cash per Share Related Terms
International Business Machines Net Cash per Share Historical Data
* 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 Net Cash per Share Chart
CHIX:IBMD vs ACN, FISV, CTSH: Net Cash per Share Comparison
For the Information Technology Services subindustry, International Business Machines's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Software Industry
For the Software industry and Technology sector, International Business Machines's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where International Business Machines's Price-to-Net-Cash falls into.
International Business Machines Net Cash per Share Calculation
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
* 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 (CHIX:IBMD) has a Net Cash per Share of €-100.90 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on International Business Machines and its competitors. According to the industry distribution chart, International Business Machines ranks #999999 out of 886 companies in the Software industry.
Is International Business Machines' Net Cash per Share too high?
International Business Machines' current Net Cash per Share is €-100.90. Based on the distribution chart, International Business Machines ranks #999999 out of 886 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, International Business Machines has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does International Business Machines' Net Cash per Share compare to ACN and FISV?
According to the Software industry distribution chart, International Business Machines ranks #999999 out of 886 companies for Net Cash per Share. This places International Business Machines in the lower half of its industry. The industry median Net Cash per Share is 8.47. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Software company?
The median Net Cash per Share among Software companies is 8.47, based on 886 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on International Business Machines and its competitors. For the Software industry, the median Net Cash per Share is 8.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Business Machines's current Net Cash per Share is €-100.90. 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 (CHIX:IBMD) is currently considered Fairly Valued. The stock's GF Value™ is €196.66, compared to a current price of €190.42 — trading 3.2% below its estimated fair value. The current Net Cash per Share is €-100.90. International Business Machines' overall GF Score™ is 72/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For International Business Machines (CHIX:IBMD), the current Net Cash per Share is €-100.90 as of Jun. 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 (CHIX:IBMD) Overvalued in 2026?
Based on GuruFocus' analysis, International Business Machines stock appears to be undervalued.
The current stock price of €190.42 is trading 3.2% below its estimated GF Value™ of €196.66.
GuruFocus considers International Business Machines to be Fairly Valued.
Key valuation signals for CHIX:IBMD:
Net Cash per Share: €-100.90
GF Value™: €196.66 vs. price of €190.42 (3.2% below fair value)
No single metric tells the full story. See the CHIX:IBMD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
72GF Score
Get the complete analysis for CHIX:IBMD
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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