International Business Machines PE ratio IBM

Share price divided by earnings per share over the last twelve months, since 1998.

Today, Oct 23, 2026: 21.6×
10-year median: 21.3×
Against its 10-year history: 52nd; percentile: 0 is its lowest day, 100 its highest
10-year range: 8.6× to 109×
Peer median: 15.1×

International Business Machines' PE ratio is 21.6× as of Oct 23, 2026: a share price of $253.56 against $11.73 of earnings per share over the last twelve months.

That is above its ten-year median of 21.3×, close to the middle of its last ten years.

Over that time it ranged from 8.6× in Mar 2020 to 109× in Dec 2022.

The median for 3 IT services stocks of a similar size is 15.1×.

PE ratio over time

median 21.3×

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	21.6×	18.8×	36.7×
2025	36.5×	32.0×	50.3×
2024	32.4×	18.8×	34.6×
2023	21.7×	19.6×	106×
2022	103×	19.3×	109×
2021	25.3×	12.8×	25.3×
2020	13.6×	8.6×	17.0×
2019	15.0×	12.8×	21.4×
2018	17.4×	11.9×	25.1×
2017	12.3×	11.1×	14.1×
2016	12.9×	8.1×	13.0×
2015	9.2×	8.8×	13.8×
2014	12.8×	9.8×	12.9×
2013	12.3×	11.5×	14.3×
2012	13.1×	12.9×	15.2×
2011	13.9×	12.2×	14.9×
2010	12.8×	11.3×	12.8×
2009	11.3×	9.5×	11.5×
2008	9.2×	8.4×	16.4×
2007	15.6×	14.2×	17.6×

Against its peers

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

Company	PE ratio
IBMInternational Business Machines	21.6×
ACNAccenture	18.4×
CTSHCognizant Technology Solutions	15.1×
FISVFiserv	9.6×
Peer median	15.1×

Where International Business Machines ranks

What the PE ratio tells you

Share price divided by earnings per share over the last twelve months. It is the price tag on a dollar of profit: 20× means you pay $20 for $1 of yearly earnings.

Blank while earnings are negative. A very low PE can mean the market expects profits to fall, so read it with growth and the company's own history.

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.