International Business Machines Corp
NYSE:IBM

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International Business Machines Corp Logo
International Business Machines Corp
NYSE:IBM
Watchlist
Price: 232.41 USD 1.34% Market Closed
Market Cap: 215.5B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one IBM stock under the Base Case scenario is 235.09 USD. Compared to the current market price of 232.41 USD, International Business Machines Corp is Undervalued by 1%.

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
235.09 USD
Undervaluation 1%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

3.4
P/S
P/S
Price to Sales
3.4
vs History
4
vs Industry
32
Median 3Y
2.1
Median 5Y
1.9
Industry
2.3
Forward
3.3
More Details
39.3
P/E
P/E
Price to Earnings
39.3
vs History
22
vs Industry
16
Median 3Y
29.9
Median 5Y
19.6
Industry
22.1
Forward
21.5
More Details
15.8
P/OCF
P/OCF
Price to OCF
15.8
vs History
4
vs Industry
32
Median 3Y
10.8
Median 5Y
10
Industry
16.7
More Details
14
P/FCFE
P/FCFE
Price to FCFE
14
vs History
53
vs Industry
30
Median 3Y
14.5
Median 5Y
14.6
Industry
20.9
More Details
8
P/B
P/B
Price to Book Value
8
vs History
7
vs Industry
13
Median 3Y
5.9
Median 5Y
5.4
Industry
2.8
More Details
4
EV/S
EV/S
Enterprise Value to Sales
4
vs History
4
vs Industry
28
Median 3Y
2.7
Median 5Y
2.6
Industry
2.3
Forward
3.9
More Details
7.1
EV/GP
EV/GP
Enterprise Value to Gross Profit
7.1
vs History
6
vs Industry
30
Median 3Y
4.9
Median 5Y
4.7
Industry
4.6
More Details
17.5
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
17.5
vs History
12
vs Industry
23
Median 3Y
13.3
Median 5Y
13
Industry
12.2
Forward
14.7
More Details
27.6
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
27.6
vs History
25
vs Industry
19
Median 3Y
22
Median 5Y
22.6
Industry
15.7
Forward
20.8
More Details
18.6
EV/OCF
EV/OCF
Enterprise Value to OCF
18.6
vs History
4
vs Industry
28
Median 3Y
14.4
Median 5Y
12.8
Industry
15.1
More Details
20.2
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
20.2
vs History
12
vs Industry
25
Median 3Y
17.2
Median 5Y
15.3
Industry
18.1
More Details
2
EV/IC
EV/IC
Enterprise Value to IC
2
vs History
7
vs Industry
43
Median 3Y
1.4
Median 5Y
1.3
Industry
2.3
More Details

Multiples Across Competitors

IBM Competitors Multiples
International Business Machines Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
International Business Machines Corp
NYSE:IBM
215.3B USD 3.4 39.3 17.5 27.6
FR
Atos SE
PAR:ATO
6.7T EUR 695.4 26 853.8 9 227.6 43 261.9
IE
Accenture PLC
NYSE:ACN
183.9B USD 2.7 23.9 14.3 17.4
IN
Tata Consultancy Services Ltd
NSE:TCS
12.5T INR 4.9 25.7 17.7 19.2
IN
Infosys Ltd
NSE:INFY
6.1T INR 3.8 23 14.8 16.9
IN
HCL Technologies Ltd
NSE:HCLTECH
4.3T INR 3.7 24.6 15.8 18.9
JP
Fujitsu Ltd
TSE:6702
5.5T JPY 1.5 24.9 12.5 20.1
US
Cognizant Technology Solutions Corp
NASDAQ:CTSH
35.7B USD 1.8 15.9 9.6 11.4
US
Gartner Inc
NYSE:IT
32.2B USD 5.1 25.7 23.9 28
JP
NEC Corp
TSE:6701
4.3T JPY 1.3 22.8 10.2 17.2
IN
Wipro Ltd
NSE:WIPRO
2.5T INR 2.8 19.2 11.8 14.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
International Business Machines Corp
NYSE:IBM
Average EV/EBITDA: 852.4
17.5
11%
1.6
FR
Atos SE
PAR:ATO
9 227.6
N/A N/A
IE
Accenture PLC
NYSE:ACN
14.3
8%
1.8
IN
Tata Consultancy Services Ltd
NSE:TCS
17.7
9%
2
IN
Infosys Ltd
NSE:INFY
14.8
11%
1.3
IN
HCL Technologies Ltd
NSE:HCLTECH
15.8
10%
1.6
JP
Fujitsu Ltd
TSE:6702
12.5
N/A N/A
US
Cognizant Technology Solutions Corp
NASDAQ:CTSH
9.6
8%
1.2
US
Gartner Inc
NYSE:IT
23.9
13%
1.8
JP
NEC Corp
TSE:6701
10.2
10%
1
IN
Wipro Ltd
NSE:WIPRO
11.8
9%
1.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
International Business Machines Corp
NYSE:IBM
Average EV/EBIT: 3 950.2
27.6
13%
2.1
FR
Atos SE
PAR:ATO
43 261.9
38%
1 138.5
IE
Accenture PLC
NYSE:ACN
17.4
8%
2.2
IN
Tata Consultancy Services Ltd
NSE:TCS
19.2
9%
2.1
IN
Infosys Ltd
NSE:INFY
16.9
13%
1.3
IN
HCL Technologies Ltd
NSE:HCLTECH
18.9
11%
1.7
JP
Fujitsu Ltd
TSE:6702
20.1
N/A N/A
US
Cognizant Technology Solutions Corp
NASDAQ:CTSH
11.4
8%
1.4
US
Gartner Inc
NYSE:IT
28
13%
2.2
JP
NEC Corp
TSE:6701
17.2
16%
1.1
IN
Wipro Ltd
NSE:WIPRO
14.1
10%
1.4

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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