QCOM
Qualcomm
PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: QCOM
- PE Ratio
The P/E ratio for Qualcomm stock stands at 17.38 as of Jul 28, 2026. This is calculated based on the TTM EPS of $9.37 and the stock price of $162.88 per share. A decrease of 28% has been observed in the PE ratio compared to its average of 24.3 of the past four quarters.
QCOM PE ratio history
Over the last ten years, the average PE ratio of Qualcomm has been 21.13. The current 17.38 price-to-earnings ratio is 18% 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 | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 33.5 | 78.95% | $169.2 | $5.05 |
| 2024 | 18.72 | 12.5% | $170.13 | $9.09 |
| 2023 | 16.64 | 58.17% | $107.68 | $6.47 |
| 2022 | 10.52 | -37.23% | $121.19 | $11.52 |
| 2021 | 16.76 | -32.96% | $133.88 | $7.99 |
| 2020 | 25 | 18.43% | $114.5 | $4.58 |
| 2019 | 21.11 | N/A | $76.63 | $3.63 |
| 2018 | N/A | N/A | $72.03 | -$3.39 |
| 2017 | 31.38 | 92.04% | $52.09 | $1.66 |
| 2016 | 16.34 | 0.06% | $62.75 | $3.84 |
| 2015 | 16.33 | 2.9% | $53.22 | $3.26 |
| 2014 | 15.87 | -6.04% | $75.06 | $4.73 |
| 2013 | 16.89 | -2.93% | $67.38 | $3.99 |
| 2012 | 17.4 | -11.09% | $62.47 | $3.59 |
| 2011 | 19.57 | -13.02% | $50.29 | $2.57 |
Qualcomm PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 13.57 | -61.18% | $127.11 | $9.37 |
| Dec 2025 | 34.96 | 4.36% | $174.81 | $5 |
| Sep 2025 | 33.5 | 121.27% | $169.2 | $5.05 |
| Jun 2025 | 15.14 | -1.43% | $158.54 | $10.47 |
| Mar 2025 | 15.36 | -7.47% | $152.72 | $9.94 |
| Dec 2024 | 16.6 | -11.32% | $157.24 | $9.47 |
| Sep 2024 | 18.72 | -31.3% | $170.13 | $9.09 |
| Jun 2024 | 27.25 | 20.31% | $212.53 | $7.8 |
| Mar 2024 | 22.65 | 9.84% | $170.1 | $7.51 |
| Dec 2023 | 20.62 | 23.92% | $143.49 | $6.96 |
| Sep 2023 | 16.64 | 12.97% | $107.68 | $6.47 |
| Jun 2023 | 14.73 | 11% | $113.43 | $7.7 |
| Mar 2023 | 13.27 | 25.43% | $124.76 | $9.4 |
| Dec 2022 | 10.58 | 0.57% | $110.84 | $10.48 |
| Sep 2022 | 10.52 | -3.93% | $121.19 | $11.52 |
QCOM Price vs fair value
QCOM average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, QCOM's PE ratio is under its 3, 5 and 10-year averages.
PE comparison
With a price to earnings (P/E) of 17.38, QCOM stands lower than the Technology sector, the industry and its peers average. Looking at the Technology sector average of 34.93, Qualcomm's price to earnings (P/E) is 50% lower.
QCOM PE vs peers
QCOM's PE ratio is less than its peer stocks NVDA and CSCO, but it is above GOOGL's. Qualcomm's current PE ratio of 17.38 is less than the average of its peers, which is 32.39.
| Stock name | PE ratio | Market cap |
|---|---|---|
| GOOGL Alphabet Inc - Class A | 16.57 | $4.08T |
| QCOM Qualcomm Inc | 17.38 | $171.68B |
| NVDA NVIDIA Corp | 30.03 | $4.77T |
| MSI Motorola Solutions Inc | 35.03 | $73.09B |
| CSCO Cisco Systems Inc | 38.4 | $455.55B |
| TXN Texas Instruments Inc | 41.92 | $253.03B |
Frequently asked questions
What is Qualcomm's PE ratio?
As of Jul 28, 2026, QCOM stock has a price to earnings ratio of 17.38.
What is the 3-year average PE ratio for Qualcomm (QCOM)?
Over the last 3 years, the average PE ratio for QCOM stock is 21.36.
What is the 5-year average PE ratio for Qualcomm (QCOM)?
Over the last 5 years, the average PE ratio for QCOM stock is 18.34.
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 18% 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 (Jul 28, 2026), Qualcomm's share price is $162.88. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $9.37. Therefore, Qualcomm's price to earnings ratio for today is 17.38. PE RATIO(17.38) = STOCK PRICE($162.88) / TTM EPS($9.37)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.