Microsoft Excel LibreOffice Calc

International Business Machines Corp. (IBM)

Price to Sales (P/S)
since 2005

Difficulty: Beginner

Calculation

International Business Machines Corp., P/S, long-term trends, calculation

Microsoft Excel LibreOffice Calc
P/S = Share price1, 2, 3 ÷ Sales per share1 Sales per share1 = Revenue1
(in millions)		 ÷ No. shares of common stock outstanding2
Dec 31, 2005 1.38 = 80.24 ÷ 58.15 58.15 = 91,134 ÷ 1,567,313,082
Dec 31, 2006 1.55 = 93.96 ÷ 60.73 60.73 = 91,424 ÷ 1,505,528,922
Dec 31, 2007 1.60 = 114.38 ÷ 71.36 71.36 = 98,786 ÷ 1,384,330,881
Dec 31, 2008 1.12 = 86.40 ÷ 77.24 77.24 = 103,630 ÷ 1,341,677,786
Dec 31, 2009 1.72 = 126.46 ÷ 73.72 73.72 = 95,758 ÷ 1,299,003,390
Dec 31, 2010 1.98 = 161.95 ÷ 81.89 81.89 = 99,870 ÷ 1,219,536,250
Dec 31, 2011 2.15 = 197.98 ÷ 92.28 92.28 = 106,916 ÷ 1,158,661,712
Dec 31, 2012 2.12 = 199.14 ÷ 93.77 93.77 = 104,507 ÷ 1,114,509,771
Dec 31, 2013 1.91 = 183.23 ÷ 95.79 95.79 = 99,751 ÷ 1,041,340,758
Dec 31, 2014 1.76 = 164.83 ÷ 93.88 93.88 = 92,793 ÷ 988,424,172
Dec 31, 2015 1.56 = 132.40 ÷ 85.07 85.07 = 81,741 ÷ 960,880,915
Dec 31, 2016 2.12 = 179.82 ÷ 84.73 84.73 = 79,919 ÷ 943,212,551
Dec 31, 2017 1.82 = 156.55 ÷ 85.91 85.91 = 79,139 ÷ 921,167,894
Dec 31, 2018 1.56 = 139.72 ÷ 89.44 89.44 = 79,591 ÷ 889,866,256

Based on: 10-K (filing date: 2006-02-28), 10-K (filing date: 2007-02-27), 10-K (filing date: 2008-02-26), 10-K (filing date: 2009-02-24), 10-K (filing date: 2010-02-23), 10-K (filing date: 2011-02-22), 10-K (filing date: 2012-02-28), 10-K (filing date: 2013-02-26), 10-K (filing date: 2014-02-25), 10-K (filing date: 2015-02-24), 10-K (filing date: 2016-02-23), 10-K (filing date: 2017-02-28), 10-K (filing date: 2018-02-27), 10-K (filing date: 2019-02-26).

1 USD $

2 Data adjusted for splits and stock dividends.

3 Close price on the filing date of International Business Machines Corp.’s Annual Report.

Comparison to Competitors

International Business Machines Corp., P/S, long-term trends, comparison to competitors

Microsoft Excel LibreOffice Calc
International Business Machines Corp. Adobe Inc. Alphabet Inc. Facebook Inc. Intuit Inc. Microsoft Corp. Oracle Corp. salesforce.com inc.
Dec 31, 2005 1.38 11.84 16.40 – 3.94 21.64 5.80 8.64
Dec 31, 2006 1.55 8.78 13.14 – 4.87 17.98 5.51 13.93
Dec 31, 2007 1.60 6.24 10.00 – 3.61 20.52 5.60 9.94
Dec 31, 2008 1.12 2.88 5.17 – 3.21 3.89 4.79 9.52
Dec 31, 2009 1.72 6.12 7.17 – 2.81 3.63 4.63 3.52
Dec 31, 2010 1.98 4.50 6.85 – 4.12 3.57 4.04 7.35
Dec 31, 2011 2.15 3.65 4.87 – 3.71 3.32 4.60 9.79
Dec 31, 2012 2.12 4.30 4.95 13.92 4.27 3.32 3.66 8.91
Dec 31, 2013 1.91 7.45 6.67 20.27 4.47 3.41 3.75 8.92
Dec 31, 2014 1.76 8.59 5.44 17.51 5.32 4.10 4.67 9.54
Dec 31, 2015 1.56 9.27 6.27 17.32 5.56 3.99 4.66 7.82
Dec 31, 2016 2.12 9.34 6.14 13.70 6.17 5.13 4.45 7.09
Dec 31, 2017 1.82 13.32 6.78 13.80 6.99 6.19 5.56 6.96
Dec 31, 2018 1.56 13.23 5.82 8.52 9.52 7.51 4.41 8.89

Based on: 10-K (filing date: 2006-02-28), 10-K (filing date: 2007-02-27), 10-K (filing date: 2008-02-26), 10-K (filing date: 2009-02-24), 10-K (filing date: 2010-02-23), 10-K (filing date: 2011-02-22), 10-K (filing date: 2012-02-28), 10-K (filing date: 2013-02-26), 10-K (filing date: 2014-02-25), 10-K (filing date: 2015-02-24), 10-K (filing date: 2016-02-23), 10-K (filing date: 2017-02-28), 10-K (filing date: 2018-02-27), 10-K (filing date: 2019-02-26).

Comparison to Software & Computer Services Sector

International Business Machines Corp., P/S, long-term trends, comparison to Software & Computer Services sector

Microsoft Excel LibreOffice Calc
International Business Machines Corp. Software & Computer Services
Dec 31, 2005 1.38 7.77
Dec 31, 2006 1.55 7.20
Dec 31, 2007 1.60 7.90
Dec 31, 2008 1.12 2.77
Dec 31, 2009 1.72 3.29
Dec 31, 2010 1.98 3.40
Dec 31, 2011 2.15 3.29
Dec 31, 2012 2.12 3.48
Dec 31, 2013 1.91 4.19
Dec 31, 2014 1.76 4.44
Dec 31, 2015 1.56 4.89
Dec 31, 2016 2.12 5.44
Dec 31, 2017 1.82 6.37
Dec 31, 2018 1.56 5.96

Based on: 10-K (filing date: 2006-02-28), 10-K (filing date: 2007-02-27), 10-K (filing date: 2008-02-26), 10-K (filing date: 2009-02-24), 10-K (filing date: 2010-02-23), 10-K (filing date: 2011-02-22), 10-K (filing date: 2012-02-28), 10-K (filing date: 2013-02-26), 10-K (filing date: 2014-02-25), 10-K (filing date: 2015-02-24), 10-K (filing date: 2016-02-23), 10-K (filing date: 2017-02-28), 10-K (filing date: 2018-02-27), 10-K (filing date: 2019-02-26).

Comparison to Technology Industry

International Business Machines Corp., P/S, long-term trends, comparison to Technology industry

Microsoft Excel LibreOffice Calc
International Business Machines Corp. Technology
Dec 31, 2005 1.38 4.96
Dec 31, 2006 1.55 4.75
Dec 31, 2007 1.60 5.23
Dec 31, 2008 1.12 2.24
Dec 31, 2009 1.72 2.95
Dec 31, 2010 1.98 2.83
Dec 31, 2011 2.15 2.60
Dec 31, 2012 2.12 2.75
Dec 31, 2013 1.91 3.04
Dec 31, 2014 1.76 3.42
Dec 31, 2015 1.56 3.34
Dec 31, 2016 2.12 3.88
Dec 31, 2017 1.82 4.85
Dec 31, 2018 1.56 4.65

Based on: 10-K (filing date: 2006-02-28), 10-K (filing date: 2007-02-27), 10-K (filing date: 2008-02-26), 10-K (filing date: 2009-02-24), 10-K (filing date: 2010-02-23), 10-K (filing date: 2011-02-22), 10-K (filing date: 2012-02-28), 10-K (filing date: 2013-02-26), 10-K (filing date: 2014-02-25), 10-K (filing date: 2015-02-24), 10-K (filing date: 2016-02-23), 10-K (filing date: 2017-02-28), 10-K (filing date: 2018-02-27), 10-K (filing date: 2019-02-26).