IBM Price / Book | INTERNATIONAL BUSINESS MACHINES CORP

INTERNATIONAL BUSINESS MACHINES CORP Price/Book Ratio

The price-to-book (P/B) ratio compares what the stock market says a company is worth with what the company's own books say it is worth. It is market capitalization divided by shareholder equity, the book value left after subtracting liabilities from assets, and the table shows both amounts. A ratio of 1.0 means market value equals book value; a higher ratio means investors value the company above its net assets, often for brands, software or expected growth the books do not record. A negative ratio means equity is negative. Each point uses the filed share count and the last closing price on or before the equity's reporting date, never today's price.

INTERNATIONAL BUSINESS MACHINES CORP price/book ratio for the quarter ending 2026-06-30 was 7.67, a 22.91% decline year-over-year.
INTERNATIONAL BUSINESS MACHINES CORP price/book ratio for the quarter ending 2026-03-31 was 6.89, a 19.61% decline year-over-year.
INTERNATIONAL BUSINESS MACHINES CORP price/book ratio for the quarter ending 2025-12-31 was 8.48, a 14.03% increase year-over-year.
INTERNATIONAL BUSINESS MACHINES CORP price/book ratio for the quarter ending 2025-09-30 was 9.42, a 13.09% increase year-over-year.
INTERNATIONAL BUSINESS MACHINES CORP price/book ratio for fiscal 2026 was 7.67.
INTERNATIONAL BUSINESS MACHINES CORP price/book ratio for fiscal 2025 was 8.48, a 14.03% increase from fiscal 2024.
INTERNATIONAL BUSINESS MACHINES CORP price/book ratio for fiscal 2024 was 7.43, a 12.32% increase from fiscal 2023.
INTERNATIONAL BUSINESS MACHINES CORP price/book ratio for fiscal 2023 was 6.62, a 14.16% increase from fiscal 2022.

Available history: 2009-06-30 to 2026-06-30
Data captured: 2026-06-30

Historical Price/Book Ratio

Date	Price/Book Ratio	Market capitalization	Shareholder equity
2026-06-30	7.67	$264.97B	$34.54B
2026-03-31	6.89	$227.87B	$33.06B
2025-12-31	8.48	$277.52B	$32.74B
2025-09-30	9.42	$263.78B	$27.99B
2025-06-30	9.95	$274.53B	$27.59B
2025-03-31	8.57	$231.1B	$26.95B
2024-12-31	7.43	$203.63B	$27.39B
2024-09-30	8.33	$204.42B	$24.53B
2024-06-30	6.61	$159.31B	$24.1B
2024-03-31	7.52	$175.42B	$23.33B
2023-12-31	6.62	$149.65B	$22.61B
2023-09-30	5.53	$128.11B	$23.16B
2023-06-30	5.47	$121.9B	$22.27B
2023-03-31	5.49	$119.04B	$21.67B
2022-12-31	5.8	$127.66B	$22.02B
2022-09-30	5.33	$107.42B	$20.15B
2022-06-30	6.55	$127.52B	$19.48B
2022-03-31	6.12	$116.94B	$19.11B
2021-12-31	6.32	$120.04B	$19B
2021-09-30	5.33	$119.11B	$22.36B
2021-06-30	5.69	$125.61B	$22.07B
2021-03-31	5.29	$113.83B	$21.51B
2020-12-31	5.18	$107.43B	$20.73B
2020-09-30	4.86	$103.65B	$21.33B
2020-06-30	4.97	$102.83B	$20.69B
2020-03-31	4.68	$94.16B	$20.13B
2019-12-31	5.42	$113.68B	$20.99B
2019-09-30	6.8	$123.13B	$18.1B
2019-06-30	6.57	$116.79B	$17.78B
2019-03-31	7.2	$119.6B	$16.61B
2018-12-31	5.73	$96.99B	$16.93B
2018-09-30	6.6	$131.38B	$19.92B
2018-06-30	6.54	$121.91B	$18.65B
2018-03-31	7.36	$134.65B	$18.29B
2017-12-31	7.63	$135.26B	$17.73B
2017-09-30	6.5	$128.41B	$19.76B
2017-06-30	7.39	$137.06B	$18.54B
2017-03-31	8.48	$156.41B	$18.45B
2016-12-31	8.16	$150.1B	$18.39B
2016-09-30	8.42	$144.4B	$17.16B
2016-06-30	8.73	$138.7B	$15.89B
2016-03-31	9.22	$138.99B	$15.07B
2015-12-31	8.81	$127.06B	$14.42B
2015-09-30	10	$134.45B	$13.45B
2015-06-30	11.01	$152.32B	$13.84B
2015-03-31	12.3	$151.1B	$12.29B
2014-12-31	12.65	$151.93B	$12.01B
2014-09-30	12.48	$179.61B	$14.4B
2014-06-30	9.87	$172.88B	$17.51B
2014-03-31	11.13	$186.27B	$16.74B
2013-12-31	8.25	$189.07B	$22.93B
2013-09-30	9.61	$192.24B	$20.01B
2013-06-30	11.19	$200.14B	$17.88B
2013-03-31	11.77	$226.11B	$19.21B
2012-12-31	10.78	$204.62B	$18.98B
2012-09-30	10.34	$224.1B	$21.67B
2012-06-30	10.39	$213.67B	$20.56B
2012-03-31	11.07	$230.09B	$20.78B
2011-12-31	10.1	$204.48B	$20.24B
2011-09-30	8.81	$197.04B	$22.38B
2011-06-30	8.44	$195.87B	$23.21B
2011-03-31	8.29	$188.82B	$22.78B
2010-12-31	7.44	$172.29B	$23.17B
2010-09-30	7.13	$159.32B	$22.36B
2010-06-30	7.15	$151.38B	$21.18B
2010-03-31	7.1	$157.23B	$22.15B
2009-12-31	7.22	$164.39B	$22.76B
2009-09-30	8.12	$150.21B	$18.49B
2009-06-30	8.46	$130.86B	$15.47B

Annual Price/Book Ratio

Date	Price/Book Ratio	Market capitalization	Shareholder equity
2026-06-30	7.67	$264.97B	$34.54B
2025-12-31	8.48	$277.52B	$32.74B
2024-12-31	7.43	$203.63B	$27.39B
2023-12-31	6.62	$149.65B	$22.61B
2022-12-31	5.8	$127.66B	$22.02B
2021-12-31	6.32	$120.04B	$19B
2020-12-31	5.18	$107.43B	$20.73B
2019-12-31	5.42	$113.68B	$20.99B
2018-12-31	5.73	$96.99B	$16.93B
2017-12-31	7.63	$135.26B	$17.73B
2016-12-31	8.16	$150.1B	$18.39B
2015-12-31	8.81	$127.06B	$14.42B
2014-12-31	12.65	$151.93B	$12.01B
2013-12-31	8.25	$189.07B	$22.93B
2012-12-31	10.78	$204.62B	$18.98B
2011-12-31	10.1	$204.48B	$20.24B
2010-12-31	7.44	$172.29B	$23.17B
2009-12-31	7.22	$164.39B	$22.76B

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