IBM P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
IBM's p/e ratio is right around its 10-year median of 21.3.
P/E ratio History
IBM P/E ratio by year
Yearly range of IBM’s p/e ratio from 2016 to 2026. Over the full period it ranged from 8.6 to 110.7, averaging 26.6.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 18.2 | 22.7 | 29.1 | 21.2 |
| 2025 | 26.6 | 40.1 | 50.6 | 26.6 |
| 2024 | 18.6 | 24.1 | 34.6 | 34.3 |
| 2023 | 18.1 | 57.1 | 83.4 | 21.7 |
| 2022 | 19.1 | 41.7 | 110.7 | 103.6 |
| 2021 | 18.2 | 22.1 | 26.1 | 21.0 |
| 2020 | 8.6 | 12.5 | 19.3 | 19.3 |
| 2019 | 11.4 | 14.1 | 16.1 | 12.1 |
| 2018 | 11.4 | 22.3 | 26.4 | 11.4 |
| 2017 | 11.1 | 12.4 | 14.0 | 12.3 |
| 2016 | 11.7 | 12.4 | 13.1 | 12.9 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is IBM P/E ratio High or Low Right Now?
International Business Machines Corporation's P/E ratio is currently 21.2, which is around average relative to its 10-year historical range. The 10-year median P/E ratio for IBM is approximately 21.3. See all IBM valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.