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International Business Machines Corporation (IBM) EV/EBITDA Ratio: 19.85x

popular:market cap|pe ratio|revenue|price history|total return

Is International Business Machines Corporation’s EV/EBITDA ratio high or low?

International Business Machines Corporation's EV/EBITDA ratio of 19.85x is in line with its 5-year average of 18.49x, around the middle of its 5-year range (11.99x–27.13x).

The EV/EBITDA ratio for International Business Machines Corporation (IBM) is 19.85x as of Tuesday, June 9, 2026. It is below its 12-month average by 6.19% (21.16x).

EV/Sales|P/E Ratio|EBITDA|All Metrics

IBM EV/EBITDA Ratio Chart

IBM EV/EBITDA Ratio
19.85x-21.82% 1Y
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IBM Average EV/EBITDA Ratio Chart

IBM Current vs Average EV/EBITDA Ratio Chart

IBM EV/EBITDA Ratio Metrics

EV/EBITDA RATIO

19.85x

EV/EBITDA RATIO AVG TTM

21.16x

EV/EBITDA RATIO AVG 3Y

19.53x

EV/EBITDA RATIO AVG 5Y

18.49x

EV/EBITDA RATIO AVG 10Y

14.28x

EV/EBITDA RATIO AVG 15Y

12.35x

EV/EBITDA RATIO AVG 20Y

11.21x

CURRENT VS TTM AVG

-6.19%

CURRENT VS 3Y AVG

+1.63%

CURRENT VS 5Y AVG

+7.38%

CURRENT VS 10Y AVG

+39.02%

CURRENT VS 15Y AVG

+60.75%

CURRENT VS 20Y AVG

+77.01%

IBM Competitors' EV/EBITDA Ratio

NAMEMARKET CAPEV/EBITDA RATIOTTM3Y5Y
International Business Machines Corporation (IBM)—19.85x21.16x19.53x18.49x
Texas Instruments Incorporated (TXN)$262.68B33.21x24.67x21.96x19.83x
KLA Corporation (KLAC)$279.46B48.50x31.26x25.46x21.62x
Marvell Technology, Inc. (MRVL)$233.47B52.24x40.31x71.81x68.71x
Palantir Technologies Inc. (PLTR)$303.24B167.77x530.27x419.67x419.67x
QUALCOMM Incorporated (QCOM)$216.51B17.25x13.39x15.14x14.13x
Analog Devices, Inc. (ADI)$197.09B33.05x29.63x24.28x23.82x
Seagate Technology Holdings plc (STX)$189.70B59.43x31.06x66.61x44.59x
Western Digital Corporation (WDC)$178.45B36.45x22.98x22.23x16.07x
Palo Alto Networks, Inc. (PANW)$177.55B119.49x69.81x90.29x518.12x

EV/EBITDA vs. its own history

At 19.9, EV/EBITDA is richer than usual — richer than 89% of its 20-year range.

20-year low

5.3

median

9.3

20-year high

27.1

cheaperricher

Understanding EV/EBITDA

Enterprise Value (EV) = Market Cap + Total Debt - Cash

EBITDA = Earnings Before Interest, Taxes, Depreciation & Amortization

EV/EBITDA is commonly used for comparing companies because:

  • It accounts for debt levels (capital structure neutral)
  • It removes effects of different depreciation policies
  • It can be compared across countries with different tax rates
  • It can remain available when net income is negative, if EBITDA is positive

International Business Machines Corporation EV/EBITDA Ratio Formula & Definition

EV/EBITDA = Enterprise Value / EBITDA (TTM)

Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

International Business Machines Corporation EV/EBITDA Ratio FAQ

What is the EV/EBITDA ratio for International Business Machines Corporation (IBM)?
The EV/EBITDA ratio for IBM stock is 19.85x.
Is International Business Machines Corporation's EV/EBITDA ratio high or low?
International Business Machines Corporation's EV/EBITDA ratio of 19.85x is in line with its 5-year average of 18.49x, around the middle of its 5-year range (11.99x–27.13x).
What is the TTM average EV/EBITDA ratio for International Business Machines Corporation (IBM)?
The TTM average EV/EBITDA ratio for IBM stock is 21.16x.
What is the 3Y average EV/EBITDA ratio for International Business Machines Corporation (IBM)?
The 3Y average EV/EBITDA ratio for IBM stock is 19.53x.
What is the 5Y average EV/EBITDA ratio for International Business Machines Corporation (IBM)?
The 5Y average EV/EBITDA ratio for IBM stock is 18.49x.
What is the 10Y average EV/EBITDA ratio for International Business Machines Corporation (IBM)?
The 10Y average EV/EBITDA ratio for IBM stock is 14.28x.
What is the 15Y average EV/EBITDA ratio for International Business Machines Corporation (IBM)?
The 15Y average EV/EBITDA ratio for IBM stock is 12.35x.
What is the 20Y average EV/EBITDA ratio for International Business Machines Corporation (IBM)?
The 20Y average EV/EBITDA ratio for IBM stock is 11.21x.

International Business Machines Corporation EV/EBITDA Ratio History

DATEEV/EBITDA RATIO
2026-06-0919.85x
2026-06-0820.04x
2026-06-0520.27x
2026-06-0421.26x
2026-06-0321.49x
2026-06-0222.86x
2026-06-0122.35x
2026-05-2921.03x
2026-05-2819.07x
2026-05-2718.55x
2026-05-2618.28x
2026-05-2218.47x
2026-05-2118.42x
2026-05-2016.78x
2026-05-1916.63x
2026-05-1816.65x
2026-05-1516.45x
2026-05-1416.40x
2026-05-1316.18x
2026-05-1216.45x
2026-05-1116.70x
2026-05-0817.06x
2026-05-0717.15x
2026-05-0616.83x
2026-05-0517.02x
2026-05-0417.05x
2026-05-0117.20x
2026-04-3017.13x
2026-04-2916.91x
2026-04-2817.25x
2026-04-2716.96x
2026-04-2417.19x
2026-04-2317.14x
2026-04-2216.97x
2026-04-2117.18x
2026-04-2017.07x
2026-04-1717.06x
2026-04-1616.92x
2026-04-1516.58x
2026-04-1416.33x
2026-04-1316.20x
2026-04-1015.81x
2026-04-0916.16x
2026-04-0816.41x
2026-04-0716.60x
2026-04-0616.69x
2026-04-0216.77x
2026-04-0116.49x
2026-03-3116.45x
2026-03-3016.17x
2026-03-2716.12x
2026-03-2616.41x
2026-03-2516.39x
2026-03-2416.35x
2026-03-2316.78x
2026-03-2016.41x
2026-03-1916.89x
2026-03-1816.96x
2026-03-1717.20x
2026-03-1616.83x
2026-03-1316.66x
2026-03-1216.74x
2026-03-1116.81x
2026-03-1016.88x
2026-03-0917.05x
2026-03-0617.36x
2026-03-0517.23x
2026-03-0416.87x
2026-03-0316.61x
2026-03-0216.28x
2026-02-2716.33x
2026-02-2616.43x
2026-02-2516.18x
2026-02-2415.73x
2026-02-2316.47x
2026-02-2018.44x
2026-02-1918.39x
2026-02-1818.66x
2026-02-1718.51x
2026-02-1318.75x
2026-02-1218.58x
2026-02-1119.36x
2026-02-1020.47x
2026-02-0920.74x
2026-02-0620.89x
2026-02-0520.36x
2026-02-0420.31x
2026-02-0320.62x
2026-02-0221.81x
2026-01-3021.34x
2026-01-2921.49x
2026-01-2820.61x
2026-01-2720.59x
2026-01-2620.74x
2026-01-2320.51x
2026-01-2220.64x
2026-01-2120.81x
2026-01-2020.45x
2026-01-1621.28x
2026-01-1520.83x
2026-01-1421.48x
2026-01-1321.14x
2026-01-1221.66x
2026-01-0921.20x
2026-01-0821.11x
2026-01-0720.76x
2026-01-0621.10x
2026-01-0520.66x
2026-01-0220.45x
2025-12-3120.73x
2025-12-3021.07x
2025-12-2921.29x
2025-12-2621.25x
2025-12-2421.22x
2025-12-2321.17x
2025-12-2221.12x
2025-12-1921.01x
2025-12-1820.98x
2025-12-1721.15x
2025-12-1621.14x
2025-12-1521.46x
2025-12-1221.49x
2025-12-1121.58x
2025-12-1021.69x
2025-12-0921.57x
2025-12-0821.49x
2025-12-0521.42x
2025-12-0421.42x
2025-12-0321.11x
2025-12-0221.06x
2025-12-0121.28x
2025-11-2821.45x
2025-11-2621.14x
2025-11-2521.21x
2025-11-2421.19x
2025-11-2120.80x
2025-11-2020.39x
2025-11-1920.28x
2025-11-1820.36x
2025-11-1720.79x
2025-11-1421.28x
2025-11-1321.24x
2025-11-1221.83x
2025-11-1121.75x
2025-11-1021.49x
2025-11-0721.33x
2025-11-0621.68x
2025-11-0521.35x
2025-11-0421.00x
2025-11-0321.23x
2025-10-3121.39x
2025-10-3021.54x
2025-10-2921.43x
2025-10-2821.69x
2025-10-2721.72x
2025-10-2421.39x
2025-10-2320.07x
2025-10-2225.42x
2025-10-2125.02x
2025-10-2025.14x
2025-10-1724.96x
2025-10-1624.57x
2025-10-1524.92x
2025-10-1424.59x
2025-10-1324.66x
2025-10-1024.71x
2025-10-0925.47x
2025-10-0825.56x
2025-10-0725.89x
2025-10-0625.56x
2025-10-0325.48x
2025-10-0225.36x
2025-10-0125.34x
2025-09-3025.03x
2025-09-2924.85x
2025-09-2625.18x
2025-09-2524.97x
2025-09-2423.95x
2025-09-2324.30x
2025-09-2224.24x
2025-09-1923.87x
2025-09-1823.77x
2025-09-1723.33x
2025-09-1623.22x
2025-09-1523.12x
2025-09-1222.92x
2025-09-1123.18x
2025-09-1023.17x
2025-09-0923.34x
2025-09-0823.11x
2025-09-0522.56x
2025-09-0422.46x
2025-09-0322.23x
2025-09-0222.04x
2025-08-2922.19x
2025-08-2822.35x
2025-08-2722.29x
2025-08-2622.13x
2025-08-2521.89x
2025-08-2222.09x
2025-08-2121.89x
2025-08-2022.12x
2025-08-1922.03x
2025-08-1821.89x
2025-08-1521.91x
2025-08-1421.72x
2025-08-1321.94x
2025-08-1221.55x
2025-08-1121.66x
2025-08-0822.10x
2025-08-0722.68x
2025-08-0622.83x
2025-08-0522.72x
2025-08-0422.81x
2025-08-0122.67x
2025-07-3122.90x
2025-07-3023.42x
2025-07-2923.58x
2025-07-2823.64x
2025-07-2523.38x
2025-07-2423.44x
2025-07-2326.15x
2025-07-2226.15x
2025-07-2126.36x
2025-07-1826.45x
2025-07-1726.15x
2025-07-1626.14x
2025-07-1526.20x
2025-07-1426.29x
2025-07-1126.27x
2025-07-1026.57x
2025-07-0926.77x
2025-07-0826.80x
2025-07-0726.95x
2025-07-0326.91x
2025-07-0226.58x
2025-07-0126.86x
2025-06-3027.13x
2025-06-2726.74x
2025-06-2626.91x
2025-06-2526.84x
2025-06-2427.05x
2025-06-2326.70x
2025-06-2026.07x
2025-06-1826.24x
2025-06-1726.23x
2025-06-1626.14x
2025-06-1325.78x
2025-06-1226.08x
2025-06-1126.11x
2025-06-1025.71x
2025-06-0925.39x
2025-06-0625.14x
2025-06-0524.99x
2025-06-0424.89x
2025-06-0324.86x
2025-06-0224.76x
2025-05-3024.39x
2025-05-2924.36x
2025-05-2824.48x

Showing the most recent 260 of 5,031 data points. The chart above shows the full history.

Related Metrics

EV/SalesP/E RatioEBITDAAll Metrics

About International Business Machines Corporation

International Business Machines Corporation (IBM) delivers comprehensive technology solutions and services across the globe. The company's operations are structured into four primary segments: Software, Consulting, Infrastructure, and Financing. The Software division provides hybrid cloud platforms and a range of software offerings, including Red Hat's enterprise open-source solutions. It also develops software for business automation, AIOps and management, integration, and application servers, in addition to data and artificial intelligence tools. This segment further supplies security software and services for threat, data, and identity management, and offers critical transaction processing software that supports essential on-premise workloads for industries such as banking, airlines, and retail. The Consulting arm delivers business transformation services, which encompass strategy development, business process design and operational improvements, data and analytics insights, and system integration. It additionally provides technology consulting and specialized application and cloud platform services. IBM's Infrastructure segment offers both on-premises and cloud-based server and storage solutions, specifically tailored for clients' crucial and regulated operations. It also extends support and solutions for hybrid cloud infrastructure, alongside remanufacturing and remarketing services for used equipment. The Financing segment provides various financial services, such as leasing, installment payment plans, loan financing, and short-term working capital solutions. Originally established in 1911 as the Computing-Tabulating-Recording Co., the company is now known as International Business Machines Corporation and maintains its headquarters in Armonk, New York.

Armonk, NY
270,300 employees
www.ibm.com
Technology / Information Technology Services
Sector
Technology
Industry
Information Technology Services
CEO
Arvind Krishna
View full financials