International Business Machines (IBM) Price to Book (2009 - 2026)
International Business Machines' Price to Book came in at 7.67 for Q2 2026, down 22.9% from 9.95 a year earlier but up 11.3% from the prior quarter.
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Analysis
International Business Machines (IBM) Price to Book (2009 - 2026) Analysis & Trends
For FY2025, International Business Machines' Price to Book was 8.49, up 14.0% from FY2024.
- Price to Book has increased in each of the last three years.
- Going back by year, Price to Book was 7.44 in FY2024 (+12.2%), 6.63 in FY2023 (+14.2%), 5.80 in FY2022 (-8.3%) and 6.33 in FY2021 (+22.0%).
- The five-year range for quarterly Price to Book is 5.33 (Q3 2021) to 9.95 (Q2 2025).
- Year-over-year, Price to Book increased in six of the last eight quarters, with growth averaging 14.0%.
- The fastest year-over-year change in Price to Book over five years came in Q3 2024 (growth of 50.6%), and the weakest in Q2 2026 (a decline of 22.9%).
- Business Quant data shows IBM's Price to Book at 6.89 (Q1 2026), 8.49 (Q4 2025) and 9.42 (Q3 2025) in the three quarters before Q2 2026.
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 | 7.67 |
| Mar 31, 2026 | 6.89 |
| Dec 31, 2025 | 8.49 |
| Sep 30, 2025 | 9.42 |
| Jun 30, 2025 | 9.95 |
| Mar 31, 2025 | 8.57 |
| Dec 31, 2024 | 7.44 |
| Sep 30, 2024 | 8.33 |
| Jun 30, 2024 | 6.61 |
| Mar 31, 2024 | 7.52 |
| Dec 31, 2023 | 6.63 |
| Sep 30, 2023 | 5.53 |
| Jun 30, 2023 | 5.47 |
| Mar 31, 2023 | 5.49 |
| Dec 31, 2022 | 5.80 |
| Sep 30, 2022 | 5.33 |
| Jun 30, 2022 | 6.55 |
| Mar 31, 2022 | 6.12 |
| Dec 31, 2021 | 6.33 |
| Sep 30, 2021 | 5.33 |
API Access
International Business Machines Price to Book 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=price-to-book&ticker=IBM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "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=price-to-book&ticker=IBM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();