International Business Machines Corporation (IBM): price to earnings, 10 filed years
P/E at International Business Machines Corporation was 26.52x in FY2025, the newest filed year. Across the 10 computed years from FY2016 it ranged from 11.94x (FY2018) to 78.27x (FY2022), with a median of 20.57x.
Tonight's figure on the company page: 20.61x, at the close of 2026-10-15, recomputed 2026-10-15. The table is each filed year on its own terms, with the formula below; the current figure may use trailing twelve months or, where the explainer says so, a different denominator.
Year by year
| Fiscal year | P/E | Read from |
|---|---|---|
| FY2016 | 13.41x | 10-K, filed 2017-02-28 |
| FY2017 | 24.99x | 10-K, filed 2018-02-27 |
| FY2018 | 11.94x | 10-K, filed 2019-02-26 |
| FY2019 | 12.14x | 10-K, filed 2020-02-25 |
| FY2020 | 19.32x | 10-K, filed 2021-02-23 |
| FY2021 | 21.05x | 10-K, filed 2022-02-22 |
| FY2022 | 78.27x | 10-K, filed 2023-02-28 |
| FY2023 | 20.09x | 10-K, filed 2024-02-26 |
| FY2024 | 34.19x | 10-K, filed 2025-02-25 |
| FY2025 | 26.52x | 10-K, filed 2026-02-24 |
How each year is computed
Close at fiscal year end / diluted earnings per share
P/E, free cash flow yield and EV to EBIT set each filed year against the close on or within a week before that fiscal year's end. The price archive here is about five years deep, so older years of those three read n/a. Per-share figures and share counts are put on today's share count after a confirmed split, the basis the price archive is kept on.
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A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.