International Business Machines forward PE IBM

Share price divided by analysts' consensus earnings for the next twelve months, since 1995.

Today, Oct 23, 2026: 19.4×
10-year median: 14.2×
Against its 10-year history: 81st; percentile: 0 is its lowest day, 100 its highest
10-year range: 8.6× to 26.0×
Peer median: 11.6×

International Business Machines' forward PE is 19.4× as of Oct 23, 2026.

That is above its ten-year median of 14.2×, higher than on 81% of days in the last ten years.

Over that time it ranged from 8.6× in Dec 2018 to 26.0× in Jul 2025.

The median for 3 IT services stocks of a similar size is 11.6×.

Forward PE over time

median 14.2×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	19.4×	16.8×	25.7×
2025	25.6×	20.7×	26.0×
2024	21.6×	16.3×	23.2×
2023	16.7×	12.9×	16.7×
2022	15.7×	13.7×	16.5×
2021	15.3×	11.4×	15.3×
2020	14.5×	11.2×	18.1×
2019	12.0×	9.1×	13.5×
2018	8.7×	8.6×	11.8×
2017	10.5×	9.7×	13.1×
2016	12.4×	9.2×	12.4×
2015	10.4×	10.0×	12.2×
2014	10.6×	10.0×	11.3×
2013	10.0×	9.3×	12.4×
2012	11.5×	11.3×	13.7×
2011	12.6×	11.1×	13.5×
2010	11.4×	10.1×	12.0×
2009	12.0×	9.1×	12.0×
2008	9.2×	8.4×	15.3×
2007	14.1×	12.6×	15.8×

Against its peers

Companies in Information Technology Services nearest International Business Machines' size, closest first, today.

Company	Forward PE
IBMInternational Business Machines	19.4×
ACNAccenture	17.0×
CTSHCognizant Technology Solutions	11.6×
FISVFiserv	6.8×
Peer median	11.6×

Where International Business Machines ranks

#40of 95Technology stocks with the lowest forward PE

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on International Business Machines

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.