IB
IBM
IBM · Enterprise Technology
Company brief
IB
IBMEnterprise Technology$132B

IBM

Hybrid cloud and AI technology leader providing enterprise software, consulting, and infrastructure solutions across industries

Moat score
85/100
13F status
Tracking pending
Main Metrics

Beginner valuation check

Price
$239
Next earnings
Data pending

Data pending from FMP or Finnhub.

1Y Performance
-18%

Negative price performance shows recent market sentiment, not a full investment thesis.

Forward P/E
18.2x

Forward P/E around 18.2x means investors pay about $18.2 for each expected $1 of future profit per share, usually the next 12 months or next fiscal year. It is a forecast, not a fact.

P/E
19.2x

A P/E around 19.2x means investors pay about $19.2 for each $1 the company earned per share over the last 12 months, usually the last four quarterly reports.

EPS
$11.31
Market Cap
$206.1B
Forward P/E is the cleanest beginner valuation anchor here; compare it with growth and recent performance.

Source: market data index. As of May 21, 2026. P/E can be unavailable or misleading when earnings are negative.

Scenario Framework

Bull / Neutral / Bear

Neutral Case

IBM keeps monetizing its installed base across software, consulting, and infrastructure, but the market continues to focus on execution and valuation rather than a fast re-rating.

Watch signal

Forward P/E stays near 18.2x while growth remains steady.

What you own

IBM is exposure to enterprise technology operating model with high switching costs and 105% net revenue retention.

Base thesis

Watson AI deeply embedded in enterprise workflows with custom model governance - switching requires rebuilding entire ML operations

Main risk

The main question is whether the company can keep customer value compounding without margin pressure eroding the moat.

How to inspect it

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Simulator coverage pending

This ticker has a company brief, but richer workflow modules have not been built yet.

Investor Snapshot
85Moat Score
Net Revenue Retention105%
Retention RiskLow
AI Disruption RiskMedium
Switching CostsHigh
13F Ownership
Tracking pending

No SEC-backed 13F rows are matched for this ticker yet. We do not fabricate ownership rows.

Investment Thesis
  • Watson AI deeply embedded in enterprise workflows with custom model governance - switching requires rebuilding entire ML operations
  • Z mainframe architecture running 70% of Fortune 500 core systems - decades of mission-critical data and applications create ultimate vendor lock-in
  • Red Hat acquisition created unmatched hybrid cloud platform combining containers + traditional enterprise - competitors can't match both
  • QRadar SIEM contains years of custom security rules and threat intelligence - replacing requires re-training entire SOC operations
  • DataStage ETL pipelines with complex business logic built over 10-20 years - migration risk too high for most enterprises