Valuation IBM Swiss Exchange

Stocks

Market Closed - Swiss Exchange 23:36:19 02/10/2026 HKT			After hours 07:57:12
223.55 ^USD	-0.51%		222.89	-0.30%

10-02	IBM Elects Siris Capital Co-Founder Frank Baker to Board	MT
10-02	International Business Machines Corporation Announces Appointment of Frank Baker to Its Board of Directors, Effective October 1, 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	119,866	127,382	149,341	203,265	276,878	209,757	-	-
Change	-	6.27%	17.24%	36.11%	36.22%	-24.24%	-	-
Enterprise Value (EV) ¹	164,013	169,490	192,426	243,433	323,667	253,070	243,321	238,197
Change	-	3.34%	13.53%	26.51%	32.96%	-21.81%	-3.85%	-2.11%
P/E	21x	78.3x	20.1x	34.2x	26.5x	21.9x	19.8x	17.6x
PBR	6.34x	5.8x	6.64x	7.46x	8.5x	5.45x	4.7x	4.05x
PEG	-	-1.1x	0x	-1.6x	0.4x	-2.48x	1.9x	1.4x
Capitalization / Revenue	2.09x	2.1x	2.41x	3.24x	4.1x	2.98x	2.87x	2.73x
EV / Revenue	2.86x	2.8x	3.11x	3.88x	4.79x	3.6x	3.33x	3.1x
EV / EBITDA	-	11.5x	12.5x	14.8x	16.9x	12.6x	11.3x	10.5x
EV / EBIT	-	17.1x	17.4x	21.6x	22.9x	16.9x	15.2x	13.5x
EV / FCF	25.2x	18.2x	17.2x	19.1x	22x	16.3x	14.2x	13.2x
FCF Yield	3.97%	5.48%	5.83%	5.24%	4.55%	6.12%	7.06%	7.58%
Dividend per Share ²	6.55	6.52	6.63	6.67	6.71	6.766	6.813	6.949
Rate of return	4.9%	4.63%	4.05%	3.03%	2.27%	3.04%	3.06%	3.12%
EPS ²	6.35	1.8	8.14	6.43	11.17	10.18	11.25	12.65
Distribution rate	103%	362%	81.4%	104%	60.1%	66.4%	60.6%	54.9%
Net sales ¹	57,350	60,530	61,860	62,753	67,535	70,384	73,100	76,948
EBITDA ¹	-	14,739	15,447	16,400	19,200	20,153	21,474	22,784
EBIT ¹	-	9,937	11,052	11,263	14,126	14,973	15,999	17,606
Net income ¹	5,743	1,639	7,502	6,023	10,593	9,866	11,298	12,433
Net Debt ¹	44,147	42,108	43,085	40,168	46,789	43,313	33,564	28,440
Reference price ²	133.66	140.89	163.55	219.83	296.21	222.64	222.64	222.64
Nbr of stocks (in thousands)	896,800	904,126	913,119	924,645	934,735	942,134	-	-
Announcement Date	24/1/22	25/1/23	24/1/24	29/1/25	28/1/26	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
IBM	21.86x	3.6x	12.56x	3.04%	210B
SALESFORCE, INC.	22.46x	4.73x	11.6x	0.74%	193B
ACCENTURE PLC	14.77x	1.61x	8.44x	3.25%	119B
CLOUDFLARE, INC.	-602.19x	42.83x	175.97x	-.--%	124B
SNOWFLAKE INC.	-134.17x	18.65x	103.28x	-.--%	120B
TATA CONSULTANCY SERVICES LTD.	13.47x	2.43x	9.22x	6.1%	78.1B
RELX PLC	19.46x	5.19x	12.74x	2.88%	58.18B
COREWEAVE, INC.	-17.53x	7.42x	12.62x	-.--%	49.43B
FUJITSU LIMITED	22.77x	1.89x	11.94x	1.37%	44.75B
Average	-71.01x	9.82x	39.82x	1.93%	110.71B
Weighted average by Cap.	-78.25x	10.40x	42.93x	1.88%