International Business Machines Corp
NYSE:IBM

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International Business Machines Corp
NYSE:IBM
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Price: 222.055 USD -0.58%
Market Cap: 205.3B USD
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Relative Value

The Relative Value of one IBM stock under the Base Case scenario is 230.446 USD. Compared to the current market price of 222.055 USD, International Business Machines Corp is Undervalued by 4%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

IBM Relative Value
Base Case
230.446 USD
Undervaluation 4%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

3.3
P/S
P/S
Price to Sales
3.3
vs History
1
vs Industry
41
Median 3Y
2.1
Median 5Y
2
Industry
2.4
Forward
3.2
More Details
32.2
P/E
P/E
Price to Earnings
32.2
vs History
20
vs Industry
32
Median 3Y
21.7
Median 5Y
20.3
Industry
23.2
Forward
21.6
More Details
15.1
P/OCF
P/OCF
Price to OCF
15.1
vs History
1
vs Industry
43
Median 3Y
11
Median 5Y
9.9
Industry
17.4
More Details
18.8
P/FCFE
P/FCFE
Price to FCFE
18.8
vs History
25
vs Industry
37
Median 3Y
15.4
Median 5Y
14.5
Industry
21.3
More Details
8.4
P/B
P/B
Price to Book Value
8.4
vs History
1
vs Industry
14
Median 3Y
6
Median 5Y
5.4
Industry
2.9
More Details
3.9
EV/S
EV/S
Enterprise Value to Sales
3.9
vs History
1
vs Industry
34
Median 3Y
2.7
Median 5Y
2.7
Industry
2.4
Forward
3.9
More Details
6.9
EV/GP
EV/GP
Enterprise Value to Gross Profit
6.9
vs History
1
vs Industry
35
Median 3Y
4.9
Median 5Y
4.8
Industry
4.9
More Details
17.8
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
17.8
vs History
6
vs Industry
27
Median 3Y
13.2
Median 5Y
13.1
Industry
12.9
Forward
14.9
More Details
27.1
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
27.1
vs History
20
vs Industry
22
Median 3Y
22.9
Median 5Y
22.9
Industry
16.5
Forward
21.9
More Details
18.1
EV/OCF
EV/OCF
Enterprise Value to OCF
18.1
vs History
3
vs Industry
34
Median 3Y
14.1
Median 5Y
12.7
Industry
16.3
More Details
20.7
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
20.7
vs History
6
vs Industry
31
Median 3Y
17.2
Median 5Y
14.9
Industry
19
More Details
2.1
EV/IC
EV/IC
Enterprise Value to IC
2.1
vs History
1
vs Industry
49
Median 3Y
1.4
Median 5Y
1.3
Industry
2.5
More Details

Multiples Across Competitors

IBM Competitors Multiples
International Business Machines Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
International Business Machines Corp
NYSE:IBM
206B USD 3.3 32.2 17.8 27.1
IE
Accenture PLC
NYSE:ACN
224.4B USD 3.4 29.8 17.7 21.5
IN
Tata Consultancy Services Ltd
NSE:TCS
15T INR 6 31.7 21.8 23.6
IN
Infosys Ltd
NSE:INFY
8T INR 5.1 29.6 20.8 23.8
IN
HCL Technologies Ltd
NSE:HCLTECH
5.2T INR 4.5 30.7 20 24.1
US
Cognizant Technology Solutions Corp
NASDAQ:CTSH
39.1B USD 2 17.4 12.8 12.8
US
Gartner Inc
NYSE:IT
37.8B USD 6.2 35.3 28.5 33.5
IN
Wipro Ltd
NSE:WIPRO
3.2T INR 3.6 27.4 16.3 20
JP
Fujitsu Ltd
TSE:6702
5.1T JPY 1.4 20.4 13.8 28.4
FR
Capgemini SE
PAR:CAP
26.8B EUR 1.2 15.9 8.9 11.3
JP
NTT Data Corp
TSE:9613
4.2T JPY 0.9 30.5 7.5 15.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
International Business Machines Corp
NYSE:IBM
Average EV/EBITDA: 16.9
17.8
36%
0.5
IE
Accenture PLC
NYSE:ACN
17.7
28%
0.6
IN
Tata Consultancy Services Ltd
NSE:TCS
21.8
33%
0.7
IN
Infosys Ltd
NSE:INFY
20.8
34%
0.6
IN
HCL Technologies Ltd
NSE:HCLTECH
20
32%
0.6
US
Cognizant Technology Solutions Corp
NASDAQ:CTSH
12.8
18%
0.7
US
Gartner Inc
NYSE:IT
28.5
42%
0.7
IN
Wipro Ltd
NSE:WIPRO
16.3
24%
0.7
JP
Fujitsu Ltd
TSE:6702
13.8
27%
0.5
FR
Capgemini SE
PAR:CAP
8.9
17%
0.5
JP
NTT Data Corp
TSE:9613
7.5
26%
0.3

See Also

Summary
IBM intrinsic value, competitors valuation, and company profile.
DCF Valuation
IBM stock valuation using Discount Cash Flow valuation method.
Relative Valuation
IBM stock valuation using valuation multiples.
Wall Street Estimates
IBM price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
IBM stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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