International Business Machines price to book ratio IBM

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026: 6.7×
10-year median: 6.7×
Against its 10-year history: 52nd; percentile: 0 is its lowest day, 100 its highest
10-year range: 3.9× to 10.4×
Peer median: 2.2×

International Business Machines' price to book ratio is 6.7× as of Oct 23, 2026.

That is above its ten-year median of 6.7×, close to the middle of its last ten years.

Over that time it ranged from 3.9× in Mar 2020 to 10.4× in Dec 2025.

The median for 3 IT services stocks of a similar size is 2.2×.

Price to book ratio over time

median 6.7×

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	6.7×	5.9×	10.3×
2025	10.2×	7.7×	10.4×
2024	8.4×	6.3×	9.0×
2023	6.5×	5.1×	6.6×
2022	6.3×	5.0×	6.7×
2021	5.4×	4.7×	6.0×
2020	5.1×	3.9×	7.2×
2019	6.4×	5.2×	7.8×
2018	5.0×	4.9×	8.0×
2017	6.9×	6.7×	9.7×
2016	8.9×	8.1×	10.1×
2015	9.6×	9.2×	13.5×
2014	10.8×	8.0×	11.3×
2013	9.7×	9.0×	12.1×
2012	9.5×	9.1×	11.5×
2011	9.3×	7.8×	9.8×
2010	7.8×	6.8×	9.0×
2009	8.9×	8.2×	10.3×

Against its peers

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

Company	Price to book ratio
IBMInternational Business Machines	6.7×
ACNAccenture	5.3×
CTSHCognizant Technology Solutions	2.2×
FISVFiserv	1.0×
Peer median	2.2×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

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.