International Business Machines (IBM) EV to CFO (2009 - 2026)
International Business Machines' (IBM) EV to CFO stood at 17.26 in Q2 2026, down 11.6% from 19.52 a year earlier but up 11.7% from the prior quarter.
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Analysis
International Business Machines (IBM) EV to CFO (2009 - 2026) Analysis & Trends
On a TTM basis, International Business Machines' EV to CFO came in at 14.50 as of Jun 30, 2026, down 9.8% year-over-year; for FY2025, it came in at 19.98, up 41.8% from FY2024.
- Across earlier years, EV to CFO came in at 14.08 in FY2024 (+43.6%), 9.80 in FY2023 (-14.1%), 11.42 in FY2022 (+29.6%) and 8.81 in FY2021 (+71.7%).
- Quarterly EV to CFO has ranged from 6.88 in Q3 2021 to 19.98 in Q4 2025 over the past five years.
- On a year-over-year basis, EV to CFO rose in six of the last eight quarters, with growth averaging 36.6%.
- Peak year-over-year performance for EV to CFO in the last five years was growth of 84.2% in Q2 2025, against a decline of 29.4% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 15.45 (Q1 2026), 19.98 (Q4 2025) and 18.47 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.26 |
| Mar 31, 2026 | 15.45 |
| Dec 31, 2025 | 19.98 |
| Sep 30, 2025 | 18.47 |
| Jun 30, 2025 | 19.52 |
| Mar 31, 2025 | 15.66 |
| Dec 31, 2024 | 14.08 |
| Sep 30, 2024 | 14.05 |
| Jun 30, 2024 | 10.59 |
| Mar 31, 2024 | 10.92 |
| Dec 31, 2023 | 9.80 |
| Sep 30, 2023 | 8.73 |
| Jun 30, 2023 | 8.61 |
| Mar 31, 2023 | 9.26 |
| Dec 31, 2022 | 11.42 |
| Sep 30, 2022 | 10.85 |
| Jun 30, 2022 | 12.19 |
| Mar 31, 2022 | 9.55 |
| Dec 31, 2021 | 8.81 |
| Sep 30, 2021 | 6.88 |
API Access
International Business Machines EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=IBM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "IBM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=IBM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();