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International Business Machines Corp (IBM)
Computer & office Equipment
Latest Price
$219.93
TTM P/E
19.48
Normalized P/E
31.04
Div Yield
3.06%
Book Value
36.57
P/B Ratio
6.01
Valuation metrics
adjust assumptions →EPS: $11.17
Book value / share: $34.84
Formula: √(22.5 × EPS × BVPS)
Graham Number
$93.58
57% downside
Norm. op. income: $7.5B (median of 7yr)
Tax rate: 7%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$23.50
89% downside
Base FCF: $12.1B (median of recent 5yr)
Growth: -2%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$78.17
64% downside
EPS: $11.17
Target P/E: 31×
Formula: EPS × P/E
P/E Fair Value
$346.27
+57% upside
Institutional Ownership
67.2% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 76.76M | $21.59B | 8.16% | -802.5K | 2026-06-30 |
| Vanguard Capital Management LLC | 61.39M | $17.26B | 6.52% | +539.8K | 2026-06-30 |
| State Street Corp | 56.05M | $15.76B | 5.95% | +1.45M | 2026-06-30 |
| Vanguard Portfolio Management LLC | 28.35M | $7.97B | 3.01% | +687.4K | 2026-06-30 |
| Geode Capital Management, LLC | 23.45M | $6.58B | 2.49% | +372.2K | 2026-06-30 |
| Morgan Stanley | 17.46M | $4.91B | 1.86% | -2.17M | 2026-06-30 |
| Capital World Investors | 16.21M | $4.56B | 1.72% | -854.5K | 2026-06-30 |
| Bank of America Corp | 14.99M | $4.21B | 1.59% | -1.08M | 2026-06-30 |
| JPMorgan Chase & Co | 12.45M | $3.46B | 1.32% | -2.76M | 2026-06-30 |
| Northern Trust Corp | 10.23M | $2.88B | 1.09% | -77.1K | 2026-06-30 |