Valuation + Options Snapshot
IBM
$272.75 · 52-week range $212.34 – $332.46 · as of 2026-06-14
Value
Cheap
Volatility setup
Premium-rich
What the numbers show
- Current P/E: 24.1× (no 5y history available).
- FCF yield 5.0% — modest.
- Dividend yield 2.46% — well covered by TTM FCF (2.0×).
- YoY growth — revenue +9.7%, EPS +94.3%, FCF +2.5%.
- Share count up 2.0% over 8 quarters — modest dilution.
- ATM IV 45.2% vs trailing realized vol 39.5% — +5.6 vol points premium (premium-rich for sellers).
- Liquid chain — ATM-band put OI 43,112.
Current P/E
24.1×
5y median P/E
—
vs 5y median
—
FCF yield
5.04%
Dividend yield
2.46%
Coverage (FCF / div)
2.0×
Revenue YoY
+9.7%
EPS YoY
+94.3%
FCF YoY
+2.5%
Shares Δ (8 quarters)
+2.0%
ATM implied vol
45.2%
Realized vol (1y)
39.5%
IV − RV
+5.6 pts
ATM-band put OI
43,112
Range position
22% above low
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This page is not a recommendation. It shows structural numbers and classification only. Whether IBM is a name worth owning — at any price or strike — is the analyst work the paid Value Options Letter does every week.