Is International Business Machines Corporation overvalued?

International Business Machines Corporation (IBM) looks overvalued — trading about 41% above its fair value.

Overvalued

Price

$271.63

Fair value

$159.60

Current P/E

24.3

Normal P/E

14.3

Market cap

$255.30B

Dividend yield

2.3%

Return on equity

32.4%

Sector

Technology

Fair value compares IBM's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 28 Jun 2026.

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