International Business Machines (IBM) EV to CFO (2009 - 2026)
International Business Machines' (IBM) EV to CFO stood at 13.13 in Q3 2026, down 28.9% from 18.47 a year earlier and down 23.9% from the prior quarter.
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Analysis
International Business Machines (IBM) EV to CFO (2009 - 2026) Analysis & Trends
For FY2025, International Business Machines' EV to CFO 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%).
- The Q3 2026 figure is the lowest quarterly EV to CFO since Q2 2024.
- On a year-over-year basis, EV to CFO has declined for three consecutive quarters, with growth averaging 25.3% over the last eight quarters.
- 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 17.26 (Q2 2026), 15.45 (Q1 2026) and 19.98 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 4,029.87 Bn | 3,965.36 Bn | 62.56 Bn |
| 2 | International Business Machines | 232.41 Bn | 187.02 Bn | 9.71 Bn |
| 3 | Cloudflare | 102.74 Bn | 85.18 Bn | 557.23 Mn |
| 4 | Equinix | 102.44 Bn | 90.34 Bn | 1.31 Bn |
| 5 | Nebius | 31.86 Bn | 5.29 Bn | 448.70 Mn |
| 6 | Verisign | 27.94 Bn | 25.29 Bn | 393.20 Mn |
| 7 | CoreWeave | 25.60 Bn | 12.69 Bn | 1.70 Bn |
| 8 | Nutanix | 15.82 Bn | 7.50 Bn | 651.35 Mn |
| 9 | GoDaddy | 14.46 Bn | 9.84 Bn | 843.00 Mn |
| 10 | Akamai Technologies | 11.58 Bn | 4.99 Bn | 613.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.48 |
| 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 |
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();