IBM
International Business Machines CorporationTechnology · $207.9B market cap
Verdict
Share price
$222.64
close of Oct 3, 2026
Fair value
$240.47
Sticker Price
Payback Price
$96.19
buy price
IBM is Fairly Valued: at $222.64 it's within 7% of its fair value of $240.47. Its buy price (Payback Price) is $96.19, 57% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.
How we valued it
Owner Earnings. Earnings have been shrinking, but the business still generates cash, so we value it on its cash flow instead of its earnings.
Business quality
0 of 5 clear the 10% bar. What are the Big Five?
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4 of the investors we track hold IBM. In Q2 2026, 1 opened a position. Who we track
Dodge & Cox Funds
Dodge & Cox Funds · as of Q2 2026
$12.9M
45,995 shares
Mairs & Power Funds
Mairs & Power Funds · as of Q2 2026
$1.0M
3,647 shares
Kahn Brothers Group
Kahn Brothers Group · as of Q2 2026
$298K
1,228 shares
David Katz
Matrix Asset Advisors · as of Q2 2026
$212K
755 shares
Moves in Q2 2026
New position: David Katz
Insider activity
Since Jun 30, 2026: no open-market purchases, 1 sale worth $5.8M and 16 other filings (stock awards, tax withholding and similar). Why purchases matter
Sales
Other filings
KRISHNA ARVIND
Chairman, President & CEO · 2026-08-27
I-Discretionary
8,375.56 shares
Robinson Anne
Senior Vice President · 2026-07-01
Tax withholding
$933K
Robinson Anne
Senior Vice President · 2026-07-01
Tax withholding
$224K
Robinson Anne
Senior Vice President · 2026-07-01
Option exercise
1,412 shares
Robinson Anne
Senior Vice President · 2026-07-01
Option exercise
5,883 shares
Show all 16 other filingsShow fewer
Brown Marianne Catherine
director · 2026-06-30
Award
325 shares
Buberl Thomas
director · 2026-06-30
Award
341 shares
FARR DAVID N
director · 2026-06-30
Award
209 shares
Gorsky Alex
director · 2026-06-30
Award
383 shares
HOWARD MICHELLE J
director · 2026-06-30
Award
228 shares
LIVERIS ANDREW N
director · 2026-06-30
Award
347 shares
MCNABB FREDERICK WILLIAM III
director · 2026-06-30
Award
325 shares
Pollack Martha E
director · 2026-06-30
Award
209 shares
VOSER PETER R.
director · 2026-06-30
Award
356 shares
ZOLLAR ALFRED W
director · 2026-06-30
Award
325 shares
Laguarta Ramon
director · 2026-06-30
Award
325 shares
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…
Information Technology Services
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works