QCOM Qualcomm PE ratio, current and historical analysis
The P/E ratio for Qualcomm stock stands at 17.1 as of Nov 21, 2024. This is calculated based on the TTM EPS of $9.09 and the stock price of $155.46 per share. A decrease of 23% has been observed in the PE ratio compared to its average of 22.3 of the past four quarters.
QCOM PE ratio history
Over the last ten years, the average PE ratio of Qualcomm has been 20.08. The current 17.1 price-to-earnings ratio is 15% less than the historical average. Analyzing the last ten years, QCOM's PE ratio reached its highest point in the Dec 2018 quarter at 37.13, with a price of $56.81 and an EPS of $1.53. The Sep 2022 quarter saw the lowest point at 10.52, with a price of $121.19 and an EPS of $11.52.
Qualcomm PE ratio by year
Maximum annual increase: 92.04% in 2017
Maximum annual decrease: -37.23% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2024 | 18.72 | 12.5% |
| 2023 | 16.64 | 58.17% |
| 2022 | 10.52 | -37.23% |
| 2021 | 16.76 | -32.96% |
| 2020 | 25 | 18.43% |
| 2019 | 21.11 | N/A |
| 2018 | N/A | N/A |
| 2017 | 31.38 | 92.04% |
| 2016 | 16.34 | 0.06% |
| 2015 | 16.33 | 2.9% |
QCOM average PE ratio chart
Currently, QCOM's PE ratio is above its 3-year average, but it is under its 5 and 10-year averages.
QCOM PE vs peers
QCOM's PE ratio is below its peer stocks NVDA and GOOGL. Qualcomm's current PE ratio of 17.1 is less than the average of its peers, which is 39.87.
| Stock name | PE ratio | Market cap |
|---|---|---|
| QCOM Qualcomm Inc | 17.1 | $172.72B |
| GOOGL Alphabet Inc | 22.03 | $2.05T |
| CSCO Cisco Systems Inc | 24.6 | $229.25B |
| TXN Texas Instruments Inc | 36.57 | $180.8B |
| JNPR Juniper Networks Inc | 46.01 | $11.73B |
| MSI Motorola Solutions Inc | 52.92 | $82.7B |
| NVDA Nvidia Corp | 57.07 | $3.59T |
Frequently asked questions
What is Qualcomm's PE ratio?
As of Nov 21, 2024, QCOM stock has a price to earnings ratio of 17.1.
What is the 3-year average PE ratio for Qualcomm (QCOM)?
Over the last 3 years, the average PE ratio for QCOM stock is 16.88.
What is the 5-year average PE ratio for Qualcomm (QCOM)?
Over the last 5 years, the average PE ratio for QCOM stock is 19.31.
What is the highest PE ratio for QCOM?
Over the last ten years, the quarterly PE ratio reached its highest level at 37.13 in the Dec 2018 quarter.
How does the current PE ratio for QCOM compare to its historical average?
The current PE ratio of QCOM is 15% lower than the 10-year historical average.
How is QCOM's PE ratio calculated (Qualcomm PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Nov 21, 2024), Qualcomm's share price is $155.46. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $9.09. Therefore, Qualcomm's price to earnings ratio for today is 17.1. PE RATIO(17.1) = STOCK PRICE($155.46) / TTM EPS($9.09)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.