International Business Machines stock
IBMNYSEInternational Business Machines Corporation, TechnologyISIN US4592001014
66Score 66 out of 100, Neutral
Price and trend
58 / 100
Price history
−21% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 0.4% above it.
Since March 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 45).
The price is 25% below its 52-week high. Largest decline in 20 years: 56% (March 2013 to March 2020).
Chart figures for advanced users
- SMA 50$237.51
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$247.25
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)45
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$205.77
- The lowest closing price of the last twelve months.
- Resistance$329.23
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- International Business Machines Corporation belongs to the Information Technology Services industry (United States) and, with a market value of $234.6B, is the largest of 104 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $67.54B (up 7.6% year on year) and earnings of $10.59B (up 75.9%).
- For fiscal 2026, analysts expect on average revenue of $70.57B (up 4.5%) and adjusted earnings per share of $12.41 (up 7.3%).
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- MEQIRI Score 66 out of 100 (Neutral): rank 317 of 857 in Technology, median 61.
- The P/E is 21.2 (Information Technology Services median 18.7, own median of recent years 20.4).
- Our model puts fair value at $216.24, with the price 15% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Reliable dividendNo dividend cut for 33 years.Capital allocation 70
- Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 93
- Earnings turn into cashFree cash flow 128% of earnings over the last 12 months.Fundamentals 93
Weaknesses
- High debtDebt 1.85 times equity (latest quarter), Information Technology Services median 0.68.Stability 43
- Volatile share priceVolatility 48% a year over the last 12 months.Stability 43
Its standout strengths are fundamentals and profitability, while valuation and stability hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among the 100 largest stocks.
From 2016 to 2025, 7 in 100 such stocks fell 30% or more within a year, against a group average of 9 in 100.
What drives the risk
- high price swings
What lowers it
- solid fundamentals
- very large company
Valuation
Valuation signal
Fairly valuedIn our model the price counts as cheap below $154.45 and expensive above $360.39 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $213.84 (cash-flow model) and $218.63 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is slightly above both parts; given how much the stock swings, that still counts as fair.
Calculated with a cost of equity of 9%. At 10% the fair value would be $200.40, at 8% it would be $239.48.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (18.7).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 6.8% on the twelve months before. Revenue has stayed largely stable since 2006.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 58%, operating 18%, net 16%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 27 Jan 2027in 76 days
- Last reported
- 21 Oct 2026EPS reported $2.95 (expected $2.86)above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $12.41+0.8%
- Revenue
- $70.57B+0.3%
- Earnings per share
- $13.26+0.8%
- Revenue
- $73.32B+0.3%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook lowered
Share price after the results: −1.8%2026 revenue growth guidance cut to 4% to 5% from above 5% after a second quarter that fell short of expectations, while the free cash flow growth goal of about $1 billion is maintained.
“We now expect revenue growth for 2026 in the range of 4% to 5% and are maintaining our expectation to grow free cash flow by about $1 billion.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 22 Jul 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. One insider sold, $5.76M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- Thomas Robert DavidSale
26 Aug 2026, Senior Vice President
- Shares
- 25,000
- Price
- $230.32
- Value
- $5.76M
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at International Business Machines
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
857 rated companies in Technology
- This company
- 66
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Information Technology Services
The next smaller companies by market value
- AccentureACN $149.92B78
- Tata Consultancy ServicesTCS.NS $95.46B78
- InfosysINFY $49.93B73
- HCL TechnologiesHCLTECH.NS $40.3B76
- Fujitsu6702.T $37.95B61
- NEC6701.T $37.71B62
- FiservFISV $34B48
- Amadeus IT GroupAMS.MC $29.11B76
ETFs that hold International Business Machines
Held by 128 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| VanEck Quantum Computing UCITS ETFQUTM | 5.00% | 0.55% | €675.94M |
| iShares Dow Jones Industrial Average UCITS ETF (DE)EXI3 | 2.85% | 0.51% | €322.26M |
| UBS Factor MSCI USA Prime Value Screened UCITS ETF hEUR accUBUW | 2.49% | 0.28% | €127.84M |
Show 5 more
| iShares MSCI USA Quality Dividend Advanced UCITS ETFQDVD | 2.45% | 0.35% | €777.04M |
| WisdomTree Artificial Intelligence UCITS ETF USD AccWTI2 | 2.19% | 0.40% | €1.08B |
| Xtrackers Artificial Intelligence & Big Data UCITS ETF 1CXAIX | 2.16% | 0.35% | €7.53B |
| iShares Digital Security UCITS ETFIS4S | 1.93% | 0.40% | €1.9B |
| Xtrackers MSCI North America High Dividend Yield UCITS ETF 1CXDND | 1.62% | 0.39% | €264.04M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 31 May 2023)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.