International Business Machines (MEX:IBM) Scaled Net Operating Assets: 0.60 (As of Mar. 2026)


MEX:IBM International Business Machines Corp MEX:IBM
68 GF Score
Price MXN4,726.00
GF Value MXN4,156.89
Valuation Modestly Overvalued
! 1 Warning Sign
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What is International Business Machines Scaled Net Operating Assets?

International Business Machines MEX:IBM +2.74% 68 Scaled Net Operating Assets is 0.60 as of Mar. 2026. GuruFocus rates MEX:IBM with a GF Score™ of 68/100 and a GF Value™ of MXN4,156.89 (Modestly Overvalued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

International Business Machines's operating assets for the quarter that ended in Mar. 2026 was MXN2,604,751 Mil. International Business Machines's operating liabilities for the quarter that ended in Mar. 2026 was MXN962,441 Mil. International Business Machines's Total Assets for the quarter that ended in Dec. 2025 was MXN2,734,706 Mil. Therefore, International Business Machines's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.60.


International Business Machines Scaled Net Operating Assets Historical Data

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The historical data trend for International Business Machines's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

International Business Machines Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.49 0.47 0.65 0.52

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
Scaled Net Operating Assets 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 0.55 0.51 0.52 0.56 0.60

MEX:IBM vs ACN, FISV, CTSH: Scaled Net Operating Assets Comparison

For the Information Technology Services subindustry, International Business Machines's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, International Business Machines's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where International Business Machines's Scaled Net Operating Assets falls into.


MEX:IBM
68GF Score
International Business Machines Corp MEX:IBM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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International Business Machines Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

International Business Machines's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(2475117.541-981886.833)/2860880.645
=0.52

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2734705.718 - 259588.177
=2475117.541

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2145181.094 - 1033221.084 - 130073.177
=981886.833

International Business Machines's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(2604751.387-962441.266)/2734705.718
=0.60

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2817230.691 - 212479.304
=2604751.387

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2221159.792 - 1088255.413 - 170463.113
=962441.266

* 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.

What does a Scaled Net Operating Assets of 0.60 mean?
International Business Machines (MEX:IBM) has a Scaled Net Operating Assets of 0.60 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on International Business Machines and its competitors.
Is International Business Machines' Scaled Net Operating Assets too high?
International Business Machines' current Scaled Net Operating Assets is 0.60. Overall, International Business Machines has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does International Business Machines' Scaled Net Operating Assets compare to ACN and FISV?
International Business Machines' Scaled Net Operating Assets of 0.60 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Software company?
A good Scaled Net Operating Assets depends on the Software industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on International Business Machines and its competitors. International Business Machines's current Scaled Net Operating Assets is 0.60. 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 (MEX:IBM) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN4,156.89, compared to a current price of MXN4,726.00 — trading 13.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.60. International Business Machines' overall GF Score™ is 68/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For International Business Machines (MEX:IBM), the current Scaled Net Operating Assets is 0.60 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 (MEX:IBM) Overvalued in 2026?

Based on GuruFocus' analysis, International Business Machines stock appears to be overvalued. The current stock price of MXN4,726.00 is trading 13.7% above its estimated GF Value™ of MXN4,156.89. GuruFocus considers International Business Machines to be Modestly Overvalued.

Key valuation signals for MEX:IBM:

  • Scaled Net Operating Assets: 0.60
  • GF Value™: MXN4,156.89 vs. price of MXN4,726.00 (13.7% above fair value)
  • GF Score™: 68/100 with 1 warning sign

No single metric tells the full story. See the MEX: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.
68GF Score

Get the complete analysis for MEX:IBM

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN4,726.00
Price
MXN4,156.89
GF Value