IBM
StockInternational Business Machines Corporation
One email when a drop — in price or in valuation — is historically rare for IBM. Otherwise we stay quiet.
Rare — pay attention.
International Business Machines Corporation is 34.1% off its high, 40 days in — deeper than the vast majority of its 155 recorded drawdowns. This is the kind of decline the severity score exists to flag.
But down is not the same as cheap: International Business Machines Corporation's P/S Severity Score is 0.0 — its valuation sits in or above its typical range.
Very Strong
Current Drawdown
-34.1%
Days in Drawdown
40
Avg Max Drawdown
5.2%
Avg Length
93
Drawdown Severity Score™
6.7
IBM - Price & High Water Mark
IBM - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
Valuation vs Its Own History
Data as of July 12, 2026 · updated daily
Where today's valuation sits within IBM's own multi-year range, scored with the same Drawdown Severity Score language as price, measured from its typical level rather than its record high — a higher score means it has rarely been cheaper. This is context, not a recommendation.
Price to Sales
International Business Machines Corporation has been cheaper on this measure only about 97% of the time in 20 years of daily history.
Price to Sales history
EV to EBITDA
International Business Machines Corporation has been cheaper on this measure only about 97% of the time in 20 years of daily history.
EV to EBITDA history · log scale
International Business Machines Corporation (IBM) Analysis: Current Drawdown Insights
International Business Machines Corporation is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-14, the stock is trading at $217.07, which represents a 34.1% decline from its all-time high of $329.23. This drawdown has persisted for 40 days.
Based on its full tracked price history, International Business Machines Corporation typically experiences drawdowns averaging 5.2% in depth, with an average duration of 93 days. International Business Machines Corporation has gone through 155 total drawdown events in its tracked history. The largest drawdown on record for International Business Machines Corporation was 69.4%, beginning in 1987. The longest drawdown duration on record was 3528 days.
The Drawdown Severity Score™ for International Business Machines Corporation currently stands at 6.69. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 5.0 and 8.0 indicates a rare, significant drawdown: the asset seldom sees declines at this level in its tracked history.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing International Business Machines Corporation's historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 155 tracked pullbacks (61 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2026-06-04 | Ongoing | 40 days | -34.1% | $329.23 | $217.07 | n/a |
| 2025-11-13 | 2026-06-01 | 200 days | -32.1% | $316.20 | $214.64 | $320.42 |
| 2025-10-28 | 2025-11-11 | 15 days | -3.9% | $311.37 | $299.20 | $313.72 |
| 2025-10-08 | 2025-10-24 | 17 days | -6.1% | $292.26 | $274.46 | $305.77 |
| 2025-07-01 | 2025-10-07 | 99 days | -19.8% | $291.19 | $233.48 | $292.26 |
| 2025-06-25 | 2025-06-30 | 6 days | -1.4% | $290.22 | $286.18 | $291.19 |
| 2025-06-20 | 2025-06-23 | 4 days | -0.8% | $279.77 | $277.55 | $285.66 |
| 2025-06-12 | 2025-06-16 | 5 days | -1.5% | $278.10 | $273.85 | $278.40 |
| 2025-05-20 | 2025-06-06 | 18 days | -3.7% | $265.15 | $255.23 | $265.60 |
| 2025-02-21 | 2025-05-15 | 83 days | -16.5% | $259.79 | $216.90 | $263.44 |
| 2025-02-05 | 2025-02-18 | 14 days | -5.1% | $257.80 | $244.61 | $258.15 |
| 2025-01-31 | 2025-02-03 | 4 days | -1.0% | $251.76 | $249.26 | $254.16 |
| 2024-12-09 | 2025-01-30 | 53 days | -8.7% | $232.04 | $211.92 | $251.76 |
| 2024-10-15 | 2024-12-04 | 51 days | -12.9% | $227.54 | $198.18 | $227.61 |
| 2024-10-10 | 2024-10-14 | 5 days | -0.5% | $226.61 | $225.37 | $227.54 |
| 2024-09-27 | 2024-10-04 | 8 days | -1.8% | $216.10 | $212.15 | $218.59 |
| 2024-09-17 | 2024-09-20 | 4 days | -1.5% | $210.04 | $206.87 | $210.56 |
| 2024-09-05 | 2024-09-10 | 6 days | -1.7% | $197.41 | $194.15 | $198.58 |
| 2024-09-03 | 2024-09-04 | 2 days | -0.4% | $195.50 | $194.68 | $197.41 |
| 2024-08-28 | 2024-08-29 | 2 days | -0.1% | $192.21 | $191.95 | $192.37 |
| 2024-08-22 | 2024-08-26 | 5 days | -0.6% | $190.74 | $189.53 | $191.48 |
| 2024-03-13 | 2024-08-19 | 160 days | -16.9% | $187.77 | $156.11 | $188.34 |
| 2024-03-08 | 2024-03-12 | 4 days | -2.4% | $186.59 | $182.02 | $187.77 |
| 2024-03-05 | 2024-03-06 | 2 days | -0.6% | $183.29 | $182.23 | $186.23 |
| 2024-01-26 | 2024-03-04 | 39 days | -4.8% | $179.16 | $170.60 | $183.29 |
| 2024-01-24 | 2024-01-25 | 2 days | -0.0% | $163.64 | $163.63 | $179.16 |
| 2024-01-17 | 2024-01-19 | 3 days | -0.5% | $157.08 | $156.25 | $161.33 |
| 2023-12-13 | 2024-01-12 | 31 days | -3.4% | $154.96 | $149.74 | $155.99 |
| 2023-12-06 | 2023-12-08 | 3 days | -0.7% | $151.84 | $150.74 | $152.37 |
| 2023-11-21 | 2023-11-22 | 2 days | -0.3% | $145.21 | $144.80 | $145.95 |
| 2023-11-17 | 2023-11-20 | 4 days | -0.1% | $144.00 | $143.84 | $145.21 |
| 2023-11-13 | 2023-11-14 | 2 days | -0.6% | $140.20 | $139.33 | $141.51 |
| 2023-09-21 | 2023-11-10 | 51 days | -9.0% | $139.38 | $126.87 | $140.20 |
| 2023-09-12 | 2023-09-20 | 9 days | -2.2% | $138.03 | $134.97 | $139.38 |
| 2023-09-06 | 2023-09-11 | 6 days | -0.4% | $137.80 | $137.23 | $138.03 |
| 2023-08-31 | 2023-09-01 | 2 days | -0.0% | $136.62 | $136.59 | $137.62 |
| 2022-12-14 | 2023-08-25 | 254 days | -17.6% | $134.95 | $111.19 | $135.21 |
| 2022-12-02 | 2022-12-12 | 11 days | -1.4% | $133.69 | $131.80 | $133.74 |
| 2022-11-23 | 2022-12-01 | 9 days | -2.0% | $133.64 | $131.02 | $133.69 |
| 2022-11-21 | 2022-11-22 | 2 days | -0.7% | $132.33 | $131.47 | $133.64 |
| 2013-03-15 | 2022-11-10 | 3528 days | -43.7% | $125.66 | $70.72 | $126.58 |
| 2013-03-11 | 2013-03-12 | 2 days | -0.1% | $122.51 | $122.33 | $122.61 |
| 2012-10-17 | 2013-03-07 | 142 days | -11.7% | $121.82 | $107.57 | $121.95 |
| 2012-10-08 | 2012-10-16 | 9 days | -2.3% | $121.58 | $118.79 | $121.82 |
| 2012-10-04 | 2012-10-05 | 2 days | -0.1% | $121.54 | $121.47 | $121.58 |
| 2012-10-02 | 2012-10-03 | 2 days | -0.3% | $121.51 | $121.15 | $121.54 |
| 2012-04-04 | 2012-10-01 | 181 days | -12.2% | $119.94 | $105.26 | $121.51 |
| 2012-03-27 | 2012-03-29 | 3 days | -0.3% | $118.95 | $118.61 | $119.23 |
| 2012-03-19 | 2012-03-26 | 8 days | -0.9% | $117.94 | $116.93 | $118.95 |
| 2012-03-06 | 2012-03-12 | 6 days | -1.7% | $114.88 | $112.93 | $115.07 |
| 2012-02-29 | 2012-03-02 | 3 days | -0.6% | $113.34 | $112.63 | $113.82 |
| 2011-07-20 | 2011-10-10 | 83 days | -14.6% | $104.74 | $89.48 | $106.00 |
| 2008-07-25 | 2009-10-12 | 445 days | -44.3% | $69.47 | $38.70 | $69.59 |
| 1999-07-14 | 2008-05-14 | 3228 days | -59.4% | $68.08 | $27.67 | $68.15 |
| 1999-01-22 | 1999-04-23 | 91 days | -17.3% | $48.52 | $40.14 | $49.26 |
| 1998-07-31 | 1998-09-25 | 57 days | -15.4% | $32.75 | $27.70 | $32.83 |
| 1998-05-15 | 1998-07-21 | 68 days | -15.6% | $30.89 | $26.06 | $31.46 |
| 1997-12-09 | 1998-04-21 | 133 days | -14.7% | $27.60 | $23.56 | $28.92 |
| 1997-08-21 | 1997-11-26 | 98 days | -16.7% | $26.36 | $21.97 | $26.84 |
| 1997-01-22 | 1997-05-08 | 106 days | -22.9% | $20.37 | $15.71 | $20.39 |
| 1987-08-24 | 1996-10-11 | 3337 days | -69.4% | $15.55 | $4.76 | $15.70 |
| 1986-04-29 | 1987-04-21 | 358 days | -26.0% | $13.71 | $10.15 | $13.79 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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Or explore current drawdowns:
International Business Machines Corporation (IBM) is trading at $217.07 as of Jul 14, 2026. It is 34.1% below its high of $329.23. The drawdown has lasted 40 days. Severity score: 6.7 (Very Strong).
IBM Price History and Drawdown Data
Latest price
$217.07
High-water mark
$329.23
Current drawdown
-34.1%
Days in drawdown
40
This IBM page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior International Business Machines Corporation drawdowns.
What History Says About IBM
International Business Machines Corporation has dropped 20%+ from its high 7 times in its tracked history. These events lasted an average of 1600 days with an average max drop of -42.5%.
The current drawdown of -34.1% has lasted 40 days, which is within the typical range for comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Aug 1987 to Oct 1996 | -69.4% | 3337 days |
| Jul 1999 to May 2008 | -59.4% | 3228 days |
| Jul 2008 to Oct 2009 | -44.3% | 445 days |
| Mar 2013 to Nov 2022 | -43.7% | 3528 days |
| Nov 2025 to Jun 2026 | -32.1% | 200 days |
| Apr 1986 to Apr 1987 | -26.0% | 358 days |
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