International Business Machines EV/EBIT IBM
Enterprise value divided by operating profit over the last twelve months, one-off items taken out, since 2010.
- Today, Oct 23, 2026
- n/m
- a quarter missing
- 10-year median
- 21.2×
- 10-year range
- 10.7× to 76.8×
- Peer median
- 11.5×
International Business Machines' EV/EBIT can't be checked today: its operating income for Q3 FY26, the quarter to Sep 30, 2026, is missing from our data, so the twelve months it rests on can't be added up.
On the days it had one over the last ten years, its median was 21.2×, from 10.7× in Dec 2018 to 76.8× in Dec 2022.
EV/EBIT over time
The dashed line is the 10-year median and the shaded band the middle half of its days.
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 25.0× | 22.0× | 32.0× |
| 2025 | 31.9× | 31.2× | 46.9× |
| 2024 | 33.3× | 18.6× | 35.2× |
| 2023 | 20.7× | 19.2× | 75.7× |
| 2022 | 73.8× | 20.0× | 76.8× |
| 2021 | 30.6× | 18.5× | 30.6× |
| 2020 | 19.3× | 12.4× | 19.8× |
| 2019 | 15.1× | 10.9× | 15.3× |
| 2018 | 10.8× | 10.7× | 14.6× |
| 2017 | 13.3× | 12.2× | 14.9× |
| 2016 | 13.8× | 6.5× | 13.9× |
| 2015 | 7.2× | 7.0× | 9.4× |
| 2014 | 9.3× | 9.0× | 11.3× |
| 2013 | 10.4× | 9.8× | 11.2× |
| 2012 | n/m a value too high to mean anything | ||
| 2011 | 10.9× | 9.9× | 10.9× |
| 2010 | 9.8× | 8.6× | 9.8× |
Against its peers
Companies in Information Technology Services nearest International Business Machines' size, closest first, today.
| Company | EV/EBIT |
|---|---|
| IBMInternational Business Machines | n/m |
| ACNAccenture | 14.5× |
| CTSHCognizant Technology Solutions | 9.4× |
| FISVFiserv | 11.5× |
| Peer median | 11.5× |
What the EV/EBIT tells you
What the whole business costs against its operating profit. Enterprise value is the market value plus borrowings and minority interests, less cash. EBIT is operating profit before interest and tax, with one-offs taken out. Unlike PE it is not moved by how a company is financed.
Leases are left out of debt for every company. Banks earn on their balance sheet, so EV/EBIT does not describe them.
More on International Business Machines
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.