The current PE ratio for International Business Machines stock as of Apr 19, 2024 is 22.04. This is calculated based on the TTM EPS of $8.24 and the stock price of $181.58 per share. The PE ratio has decreased by 46% from its last 4 quarters average of 40.9.
The average historical PE ratio of International Business Machines for the last ten years is 22.17. The current price-to-earnings ratio of 22.04 is in line with the historical average. Analyzing the last ten years, IBM's PE ratio reached its highest point in the Sep 2022 quarter at 83.67, when the price was $118.81 and the EPS was $1.42. The lowest point was recorded in the Sep 2015 quarter, when it reached 10.07 with a price of $144.97 and an EPS of $14.39.
Maximum annual increase: 273.33% in 2022
Maximum annual decrease: -74.5% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 19.85 | -74.5% |
| 2022 | 77.84 | 273.33% |
| 2021 | 20.85 | 4.04% |
| 2020 | 20.04 | 58.92% |
| 2019 | 12.61 | 6.14% |
| 2018 | 11.88 | -52.23% |
| 2017 | 24.87 | 86.29% |
| 2016 | 13.35 | 30.75% |
| 2015 | 10.21 | -23.81% |
| 2014 | 13.4 | 7.63% |
Currently, IBM's PE ratio is under its 3, 5 and 10-year averages.
IBM's PE ratio is less than its peer stocks MSFT and AAPL, but it is above CSCO's and HPQ's. International Business Machines's current PE ratio of 22.04 is less than the average of its peers, which is 31.74.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 8.04 | $27.27B |
| CSCO Cisco Systems Inc | 14.6 | $195.66B |
| IBM International Business Machines Corp | 22.04 | $166.46B |
| AAPL Apple Inc | 25.54 | $2.55T |
| GOOGL Alphabet Inc | 26.39 | $1.92T |
| ACN Accenture plc | 28.39 | $212.54B |
| ORCL Oracle Corp | 29.53 | $315.75B |
| MSFT Microsoft Corp | 35.96 | $2.97T |
| INTC Intel Corp | 85.5 | $144.6B |
| DBD Diebold Nixdorf Inc | N/A | $1.2B |
The price to earnings ratio for IBM stock as of Apr 19, 2024, stands at 22.04.
The 3-year average PE ratio for IBM stock is 40.02.
The 5-year average PE ratio for IBM stock is 29.69.
Over the last ten years, the Sep 2022 quarter recorded the highest quarterly PE ratio at 83.67.
The current PE ratio of IBM is 0.6% lower than the 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Apr 19, 2024), International Business Machines's share price is $181.58. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $8.24. Therefore, International Business Machines's price to earnings ratio for today is 22.04. PE RATIO(22.04) = STOCK PRICE($181.58) / TTM EPS($8.24)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.