Price to Earnings (P/E)
since 2005
Calculation
International Business Machines Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income attributable to IBM1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 26, 2024 | 22.50 | = | 184.13 | ÷ | 8.18 | 8.18 | = | 7,502 | ÷ | 916,744,848 | |
| Feb 28, 2023 | 71.56 | = | 129.30 | ÷ | 1.81 | 1.81 | = | 1,639 | ÷ | 907,105,611 | |
| Feb 22, 2022 | 19.40 | = | 123.92 | ÷ | 6.39 | 6.39 | = | 5,743 | ÷ | 899,309,986 | |
| Feb 23, 2021 | 19.30 | = | 120.71 | ÷ | 6.26 | 6.26 | = | 5,590 | ÷ | 893,594,090 | |
| Feb 25, 2020 | 13.35 | = | 141.71 | ÷ | 10.62 | 10.62 | = | 9,431 | ÷ | 888,408,023 | |
| Feb 26, 2019 | 14.25 | = | 139.72 | ÷ | 9.81 | 9.81 | = | 8,728 | ÷ | 889,866,256 | |
| Feb 27, 2018 | 25.07 | = | 156.55 | ÷ | 6.25 | 6.25 | = | 5,753 | ÷ | 921,167,894 | |
| Feb 28, 2017 | 14.29 | = | 179.82 | ÷ | 12.59 | 12.59 | = | 11,872 | ÷ | 943,212,551 | |
| Feb 23, 2016 | 9.65 | = | 132.40 | ÷ | 13.73 | 13.73 | = | 13,190 | ÷ | 960,880,915 | |
| Feb 24, 2015 | 13.55 | = | 164.83 | ÷ | 12.16 | 12.16 | = | 12,022 | ÷ | 988,424,172 | |
| Feb 25, 2014 | 11.58 | = | 183.23 | ÷ | 15.83 | 15.83 | = | 16,483 | ÷ | 1,041,340,758 | |
| Feb 26, 2013 | 13.37 | = | 199.14 | ÷ | 14.90 | 14.90 | = | 16,604 | ÷ | 1,114,509,771 | |
| Feb 28, 2012 | 14.47 | = | 197.98 | ÷ | 13.68 | 13.68 | = | 15,855 | ÷ | 1,158,661,712 | |
| Feb 22, 2011 | 13.32 | = | 161.95 | ÷ | 12.16 | 12.16 | = | 14,833 | ÷ | 1,219,536,250 | |
| Feb 23, 2010 | 12.24 | = | 126.46 | ÷ | 10.33 | 10.33 | = | 13,425 | ÷ | 1,299,003,390 | |
| Feb 24, 2009 | 9.40 | = | 86.40 | ÷ | 9.19 | 9.19 | = | 12,334 | ÷ | 1,341,677,786 | |
| Feb 26, 2008 | 15.20 | = | 114.38 | ÷ | 7.53 | 7.53 | = | 10,418 | ÷ | 1,384,330,881 | |
| Feb 27, 2007 | 14.90 | = | 93.96 | ÷ | 6.30 | 6.30 | = | 9,492 | ÷ | 1,505,528,922 | |
| Feb 28, 2006 | 15.85 | = | 80.24 | ÷ | 5.06 | 5.06 | = | 7,934 | ÷ | 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/E, 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 | 22.50 | 27.81 | 49.64 | 51.99 | 78.64 | — | 64.61 | 33.96 | 38.96 | 246.77 | 170.35 | 879.57 | 90.80 | 70.08 |
| Feb 28, 2023 | 71.56 | 22.93 | 33.15 | 82.51 | 59.70 | — | 57.31 | 28.34 | 26.85 | — | — | 135.68 | 284.28 | 51.76 |
| Feb 22, 2022 | 19.40 | 36.58 | 48.90 | 47.53 | 53.88 | — | 75.17 | 35.14 | 15.84 | — | — | 48.20 | 487.70 | 73.37 |
| Feb 23, 2021 | 19.30 | 28.32 | 41.69 | 152.72 | 62.89 | — | 49.52 | 35.04 | 16.69 | — | — | 1,204.70 | 978.47 | 55.92 |
| Feb 25, 2020 | 13.35 | 24.58 | 57.17 | — | 20.22 | — | 48.17 | 26.86 | 16.89 | — | — | 107.70 | 106.89 | 39.55 |
| Feb 26, 2019 | 14.25 | 24.10 | 46.11 | — | 46.59 | — | 46.88 | 50.00 | 45.90 | — | — | 731.11 | — | 29.60 |
| Feb 27, 2018 | 25.07 | 26.18 | 57.41 | — | 55.67 | — | 37.26 | 26.25 | 22.49 | — | — | 324.94 | — | 95.81 |
| Feb 28, 2017 | 14.29 | 18.07 | 46.80 | — | 40.53 | — | 29.60 | 26.08 | 18.53 | — | — | — | — | 33.71 |
| Feb 23, 2016 | 9.65 | 22.75 | 70.59 | 171.18 | 25.14 | — | 63.89 | 30.63 | 17.92 | — | — | — | — | 30.45 |
| Feb 24, 2015 | 13.55 | 17.46 | 132.73 | 52.22 | 34.03 | — | 26.44 | 16.11 | 16.33 | — | — | — | — | 25.00 |
| Feb 25, 2014 | 11.58 | 15.20 | 104.21 | 36.21 | 26.30 | — | 21.73 | 12.14 | 12.78 | — | — | — | — | 24.68 |
| Feb 26, 2013 | 13.37 | 17.95 | 22.73 | 31.93 | 9.11 | — | 22.37 | 14.40 | 13.61 | — | 6,057.94 | — | — | 26.53 |
| Feb 28, 2012 | 14.47 | 17.60 | 18.49 | 42.36 | 44.80 | — | 22.53 | 10.03 | 19.17 | — | — | 251.73 | — | 17.51 |
| Feb 22, 2011 | 13.32 | 17.62 | 22.05 | 115.08 | 20.39 | — | 24.82 | 11.91 | 17.66 | — | — | 118.88 | — | 17.09 |
| Feb 23, 2010 | 12.24 | 17.45 | 46.62 | 16.51 | — | — | 20.01 | 14.56 | 19.25 | — | — | 87.39 | — | 18.86 |
| Feb 24, 2009 | 9.40 | 13.74 | 11.84 | 20.54 | — | — | 20.68 | 13.28 | 19.44 | — | — | 388.13 | — | 13.55 |
| Feb 26, 2008 | 15.20 | 24.38 | 27.23 | 35.99 | 10.43 | — | 21.92 | 74.58 | 23.58 | — | — | 10,271.10 | — | 29.39 |
| Feb 27, 2007 | 14.90 | 26.95 | 44.72 | 26.63 | 41.15 | — | 27.35 | 63.21 | 23.43 | — | — | 151.60 | — | 156.86 |
| Feb 28, 2006 | 15.85 | 24.06 | 38.61 | 30.63 | 103.88 | — | 21.02 | 70.27 | 23.70 | — | — | 207.38 | — | — |
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/E, long-term trends, comparison to sector (software & services)
| International Business Machines Corp. | Software & Services | |
|---|---|---|
| Feb 26, 2024 | 22.50 | 39.41 |
| Feb 28, 2023 | 71.56 | 34.06 |
| Feb 22, 2022 | 19.40 | 36.82 |
| Feb 23, 2021 | 19.30 | 37.81 |
| Feb 25, 2020 | 13.35 | 27.87 |
| Feb 26, 2019 | 14.25 | 43.57 |
| Feb 27, 2018 | 25.07 | 30.42 |
| Feb 28, 2017 | 14.29 | 23.95 |
| Feb 23, 2016 | 9.65 | 23.14 |
| Feb 24, 2015 | 13.55 | 18.11 |
| Feb 25, 2014 | 11.58 | 13.97 |
| Feb 26, 2013 | 13.37 | 15.07 |
| Feb 28, 2012 | 14.47 | 14.03 |
| Feb 22, 2011 | 13.32 | 14.18 |
| Feb 23, 2010 | 12.24 | 15.18 |
| Feb 24, 2009 | 9.40 | 13.94 |
| Feb 26, 2008 | 15.20 | 43.60 |
| Feb 27, 2007 | 14.90 | 39.44 |
| Feb 28, 2006 | 15.85 | 44.56 |
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/E, long-term trends, comparison to industry (information technology)
| International Business Machines Corp. | Information Technology | |
|---|---|---|
| Feb 26, 2024 | 22.50 | 35.75 |
| Feb 28, 2023 | 71.56 | 26.81 |
| Feb 22, 2022 | 19.40 | 29.41 |
| Feb 23, 2021 | 19.30 | 30.97 |
| Feb 25, 2020 | 13.35 | 23.20 |
| Feb 26, 2019 | 14.25 | 23.25 |
| Feb 27, 2018 | 25.07 | 23.60 |
| Feb 28, 2017 | 14.29 | 19.59 |
| Feb 23, 2016 | 9.65 | 16.47 |
| Feb 24, 2015 | 13.55 | 17.03 |
| Feb 25, 2014 | 11.58 | 14.10 |
| Feb 26, 2013 | 13.37 | 14.45 |
| Feb 28, 2012 | 14.47 | 13.82 |
| Feb 22, 2011 | 13.32 | 15.09 |
| Feb 23, 2010 | 12.24 | 21.36 |
| Feb 24, 2009 | 9.40 | 15.77 |
| Feb 26, 2008 | 15.20 | 36.48 |
| Feb 27, 2007 | 14.90 | 32.00 |
| Feb 28, 2006 | 15.85 | 33.65 |
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).