International Business Machines (IBM) Price to Earnings (2009 - 2026)
International Business Machines' (IBM) Price to Earnings was 18.55 for Q3 2026, down 44.4% from 33.36 a year earlier and down 24.9% from the prior quarter.
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Analysis
International Business Machines (IBM) Price to Earnings (2009 - 2026) Analysis & Trends
For FY2025, Price to Earnings at International Business Machines was 26.23, down 22.5% from FY2024.
- By year, Price to Earnings came in at 33.84 in FY2024 (+69.3%), 19.99 in FY2023 (-74.4%), 77.98 in FY2022 (+272.6%) and 20.93 in FY2021 (+8.8%).
- The Q3 2026 figure ranks as the lowest quarterly Price to Earnings since Q3 2023.
- Year over year, Price to Earnings has now declined in each of the last four quarters, with growth averaging 19.4% over the last eight quarters.
- The high point for year-over-year Price to Earnings in five years was Q4 2022 (growth of 272.6%); the low point was Q3 2023 (a decline of 78.3%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 24.70 (Q2 2026), 21.18 (Q1 2026) and 26.23 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,959.78 Bn | 3,895.27 Bn | 62.56 Bn |
| 2 | International Business Machines | 231.09 Bn | 186.37 Bn | 9.71 Bn |
| 3 | Cloudflare | 109.27 Bn | 91.71 Bn | 557.23 Mn |
| 4 | Equinix | 103.94 Bn | 91.83 Bn | 1.31 Bn |
| 5 | Nebius | 33.90 Bn | 7.34 Bn | 448.70 Mn |
| 6 | Verisign | 27.94 Bn | 25.29 Bn | 393.20 Mn |
| 7 | CoreWeave | 26.85 Bn | 26.85 Bn | - |
| 8 | Nutanix | 16.04 Bn | 7.73 Bn | 651.35 Mn |
| 9 | GoDaddy | 13.84 Bn | 9.22 Bn | 843.00 Mn |
| 10 | Yinfu Gold | 12.17 Bn | 12.17 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.61 |
| Jun 30, 2026 | 24.70 |
| Mar 31, 2026 | 21.18 |
| Dec 31, 2025 | 26.23 |
| Sep 30, 2025 | 33.36 |
| Jun 30, 2025 | 47.08 |
| Mar 31, 2025 | 42.23 |
| Dec 31, 2024 | 33.84 |
| Sep 30, 2024 | 31.96 |
| Jun 30, 2024 | 18.90 |
| Mar 31, 2024 | 21.44 |
| Dec 31, 2023 | 19.99 |
| Sep 30, 2023 | 18.50 |
| Jun 30, 2023 | 60.23 |
| Mar 31, 2023 | 64.94 |
| Dec 31, 2022 | 77.98 |
| Sep 30, 2022 | 85.12 |
| Jun 30, 2022 | 22.82 |
| Mar 31, 2022 | 21.18 |
| Dec 31, 2021 | 20.93 |
API Access
International Business Machines Price to Earnings 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-earnings&ticker=IBM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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-earnings&ticker=IBM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();