IBMIBM

$226.85-13% 1Y

$226.85

$206.1552 weeks$329.23

Is the price fair?

Fair

Neither cheap nor expensive: growth expectations in line with delivery and in its normal P/E range.

2 neutral, 1 without data

What the price assumes~+3% a yearderived · Jun 30, 2026

Priced for ~3% a year FCF growth. Roughly in line with its three-year revenue growth of 5% a year.

Vs its own P/E rangemid-range for this companyderived

In its normal range: P/E 20.1 vs a 17.3 median over 41 quarters (+16% vs median).

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

P/E (valuation)middle of the market

FCF yieldmiddle of the market

Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.

IBM trades at 20.1× earnings against 17.2× for the median Information Technology Services name, more expensive than its own group.

20.1

Trailing P/E · Information Technology Services median 17.2 · 1.17× the median: the market pays up for this one

Price / sales: 3.39
Price / sales · today's price, trailing year to Jun 30, 2026
Free cash flow yield: 5.9%
Free cash flow yield · Information Technology Services median 12%
Growth the price implies: +3.5%
Growth the price implies · The price pays for +3.5% free cash flow growth a year for a decade; the business has delivered +8.2% a year over the last three.

Details›

What the market has paid for these earnings: 41 quarters of its own multiple × $11.29 of trailing earnings per share
Method	Per share
Its own P/E history, lower quartile	$115.53
Its own P/E history, median	$195.60
Its own P/E history, upper quartile	$262.96
52-week range	$206.15 – $329.23
Today	$226.85

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.

The closest names by size in the same industry