Price to Book Value (P/BV)
since 2005
Calculation
International Business Machines Corp., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Total IBM stockholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 26, 2024 | 7.49 | = | 184.13 | ÷ | 24.58 | 24.58 | = | 22,533 | ÷ | 916,744,848 | |
| Feb 28, 2023 | 5.34 | = | 129.30 | ÷ | 24.19 | 24.19 | = | 21,944 | ÷ | 907,105,611 | |
| Feb 22, 2022 | 5.90 | = | 123.92 | ÷ | 21.02 | 21.02 | = | 18,901 | ÷ | 899,309,986 | |
| Feb 23, 2021 | 5.24 | = | 120.71 | ÷ | 23.05 | 23.05 | = | 20,597 | ÷ | 893,594,090 | |
| Feb 25, 2020 | 6.04 | = | 141.71 | ÷ | 23.46 | 23.46 | = | 20,841 | ÷ | 888,408,023 | |
| Feb 26, 2019 | 7.40 | = | 139.72 | ÷ | 18.87 | 18.87 | = | 16,796 | ÷ | 889,866,256 | |
| Feb 27, 2018 | 8.20 | = | 156.55 | ÷ | 19.10 | 19.10 | = | 17,594 | ÷ | 921,167,894 | |
| Feb 28, 2017 | 9.30 | = | 179.82 | ÷ | 19.34 | 19.34 | = | 18,246 | ÷ | 943,212,551 | |
| Feb 23, 2016 | 8.92 | = | 132.40 | ÷ | 14.84 | 14.84 | = | 14,262 | ÷ | 960,880,915 | |
| Feb 24, 2015 | 13.73 | = | 164.83 | ÷ | 12.01 | 12.01 | = | 11,868 | ÷ | 988,424,172 | |
| Feb 25, 2014 | 8.37 | = | 183.23 | ÷ | 21.89 | 21.89 | = | 22,792 | ÷ | 1,041,340,758 | |
| Feb 26, 2013 | 11.77 | = | 199.14 | ÷ | 16.92 | 16.92 | = | 18,860 | ÷ | 1,114,509,771 | |
| Feb 28, 2012 | 11.39 | = | 197.98 | ÷ | 17.38 | 17.38 | = | 20,138 | ÷ | 1,158,661,712 | |
| Feb 22, 2011 | 8.57 | = | 161.95 | ÷ | 18.90 | 18.90 | = | 23,046 | ÷ | 1,219,536,250 | |
| Feb 23, 2010 | 7.26 | = | 126.46 | ÷ | 17.43 | 17.43 | = | 22,637 | ÷ | 1,299,003,390 | |
| Feb 24, 2009 | 8.61 | = | 86.40 | ÷ | 10.04 | 10.04 | = | 13,465 | ÷ | 1,341,677,786 | |
| Feb 26, 2008 | 5.56 | = | 114.38 | ÷ | 20.57 | 20.57 | = | 28,470 | ÷ | 1,384,330,881 | |
| Feb 27, 2007 | 4.96 | = | 93.96 | ÷ | 18.93 | 18.93 | = | 28,506 | ÷ | 1,505,528,922 | |
| Feb 28, 2006 | 3.80 | = | 80.24 | ÷ | 21.12 | 21.12 | = | 33,098 | ÷ | 1,567,313,082 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of International Business Machines Corp. Annual Report.
Comparison to Competitors
International Business Machines Corp., P/BV, long-term trends, comparison to competitors
| International Business Machines Corp. | Accenture PLC | Adobe Inc. | Autodesk Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 26, 2024 | 7.49 | 7.44 | 16.31 | 37.37 | 24.05 | 19.61 | 8.92 | 11.92 | 308.71 | 14.90 | 42.84 | 3.13 | 20.60 | 14.02 |
| Feb 28, 2023 | 5.34 | 7.13 | 11.22 | 48.29 | 18.46 | 42.67 | 7.20 | 12.38 | — | 6.94 | 252.00 | 3.37 | 18.36 | 9.24 |
| Feb 22, 2022 | 5.90 | 11.06 | 15.94 | 59.48 | 13.68 | 48.91 | 15.71 | 15.16 | 41.57 | 10.48 | 71.88 | 4.73 | 30.36 | 10.50 |
| Feb 23, 2021 | 5.24 | 8.51 | 16.53 | — | 14.90 | 14.78 | 17.71 | 13.11 | 14.01 | 28.60 | 20.61 | 4.48 | 40.91 | 7.57 |
| Feb 25, 2020 | 6.04 | 8.15 | 16.03 | — | 9.51 | — | 20.00 | 10.30 | 8.59 | — | 12.91 | 7.66 | 31.48 | 5.16 |
| Feb 26, 2019 | 7.40 | 9.44 | 12.76 | — | 12.50 | — | 24.12 | 10.02 | 3.84 | — | 22.92 | 9.93 | 39.04 | 3.68 |
| Feb 27, 2018 | 8.20 | 10.08 | 11.50 | 25.18 | 11.49 | — | 26.72 | 7.69 | 3.90 | — | 17.37 | 7.78 | 48.15 | 3.99 |
| Feb 28, 2017 | 9.30 | 9.83 | 7.37 | 7.94 | 11.10 | — | 24.96 | 6.08 | 3.49 | — | 16.91 | 9.45 | 37.74 | 2.81 |
| Feb 23, 2016 | 8.92 | 11.33 | 6.35 | 6.31 | 4.61 | — | 10.00 | 4.66 | 3.66 | — | 32.11 | 10.57 | 15.42 | 2.20 |
| Feb 24, 2015 | 13.73 | 8.96 | 5.26 | 5.28 | 4.06 | — | 7.79 | 3.96 | 3.82 | — | 16.81 | 12.79 | 26.77 | 2.12 |
| Feb 25, 2014 | 8.37 | 10.06 | 4.49 | 4.38 | 3.74 | — | 5.28 | 3.36 | 3.13 | — | 12.19 | 11.74 | 24.36 | 2.19 |
| Feb 26, 2013 | 11.77 | 11.05 | 2.84 | 4.84 | 4.38 | — | 6.46 | 3.68 | 3.11 | — | 19.49 | 12.73 | 19.87 | 1.93 |
| Feb 28, 2012 | 11.39 | 10.33 | 2.66 | 5.58 | 7.87 | — | 5.46 | 4.07 | 4.12 | — | — | 12.71 | — | 1.84 |
| Feb 22, 2011 | 8.57 | 11.06 | 3.29 | 4.53 | 9.33 | — | 5.05 | 4.84 | 3.52 | — | — | 9.19 | — | 1.93 |
| Feb 23, 2010 | 7.26 | 9.61 | 3.68 | 2.31 | 14.21 | — | 3.50 | 5.36 | 4.29 | — | — | 5.65 | — | 1.71 |
| Feb 24, 2009 | 8.61 | 9.15 | 2.34 | 5.95 | 10.30 | — | 4.76 | 6.47 | 4.66 | — | — | 15.76 | — | 1.68 |
| Feb 26, 2008 | 5.56 | 14.69 | 4.24 | 9.35 | 1.49 | — | 4.74 | 33.73 | 5.96 | — | — | 17.53 | — | 2.67 |
| Feb 27, 2007 | 4.96 | 13.85 | 4.39 | 11.07 | 3.45 | — | 6.56 | 19.86 | 5.28 | — | — | 21.98 | — | 3.34 |
| Feb 28, 2006 | 3.80 | 13.33 | 12.48 | 10.47 | 2.78 | — | 4.73 | 17.90 | 6.31 | — | — | 10.50 | — | 2.57 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Software & Services)
International Business Machines Corp., P/BV, long-term trends, comparison to sector (software & services)
| International Business Machines Corp. | Software & Services | |
|---|---|---|
| Feb 26, 2024 | 7.49 | 11.48 |
| Feb 28, 2023 | 5.34 | 10.74 |
| Feb 22, 2022 | 5.90 | 13.64 |
| Feb 23, 2021 | 5.24 | 11.70 |
| Feb 25, 2020 | 6.04 | 10.11 |
| Feb 26, 2019 | 7.40 | 8.83 |
| Feb 27, 2018 | 8.20 | 7.24 |
| Feb 28, 2017 | 9.30 | 6.26 |
| Feb 23, 2016 | 8.92 | 5.34 |
| Feb 24, 2015 | 13.73 | 5.10 |
| Feb 25, 2014 | 8.37 | 4.42 |
| Feb 26, 2013 | 11.77 | 4.89 |
| Feb 28, 2012 | 11.39 | 5.40 |
| Feb 22, 2011 | 8.57 | 5.31 |
| Feb 23, 2010 | 7.26 | 5.42 |
| Feb 24, 2009 | 8.61 | 6.10 |
| Feb 26, 2008 | 5.56 | 15.42 |
| Feb 27, 2007 | 4.96 | 11.43 |
| Feb 28, 2006 | 3.80 | 11.13 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
International Business Machines Corp., P/BV, long-term trends, comparison to industry (information technology)
| International Business Machines Corp. | Information Technology | |
|---|---|---|
| Feb 26, 2024 | 7.49 | 11.38 |
| Feb 28, 2023 | 5.34 | 10.36 |
| Feb 22, 2022 | 5.90 | 12.41 |
| Feb 23, 2021 | 5.24 | 10.96 |
| Feb 25, 2020 | 6.04 | 8.28 |
| Feb 26, 2019 | 7.40 | 7.01 |
| Feb 27, 2018 | 8.20 | 5.46 |
| Feb 28, 2017 | 9.30 | 4.51 |
| Feb 23, 2016 | 8.92 | 4.28 |
| Feb 24, 2015 | 13.73 | 4.33 |
| Feb 25, 2014 | 8.37 | 3.49 |
| Feb 26, 2013 | 11.77 | 3.75 |
| Feb 28, 2012 | 11.39 | 3.99 |
| Feb 22, 2011 | 8.57 | 4.17 |
| Feb 23, 2010 | 7.26 | 4.33 |
| Feb 24, 2009 | 8.61 | 4.05 |
| Feb 26, 2008 | 5.56 | 8.74 |
| Feb 27, 2007 | 4.96 | 7.28 |
| Feb 28, 2006 | 3.80 | 7.45 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).