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QCOM Qualcomm PE ratio, current and historical analysis

The P/E ratio for Qualcomm stock stands at 22.39 as of Feb 28, 2024. This is calculated based on the TTM EPS of $6.96 and the stock price of $155.85 per share. An increase of 37% has been observed in the PE ratio compared to its average of 16.3 of the past four quarters.

QCOM PE ratio history

How has QCOM's PE ratio performed in the past

Over the last ten years, the average PE ratio of Qualcomm has been 19.64. The current 22.39 price-to-earnings ratio is 14% more 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.

Average
19.64
Median
17.56
Minimum
10.52
Maximum
37.13

Qualcomm PE ratio by year

Maximum annual increase: 92.04% in 2017

Maximum annual decrease: -37.23% in 2022

Year PE ratio Change
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%
2014 15.87 -6.04%

QCOM average PE ratio chart

What is the average PE ratio of QCOM for the past years

Currently, QCOM's PE ratio is above its 3, 5 and 10-year averages.

3-year avg
15.54
5-year avg
19.82
10-year avg
19.64
15-year avg
21.1

QCOM PE vs peers

What is QCOM's PE ratio compared to its peers

QCOM's PE ratio is less than its peer stocks NVDA and GOOGL, but it is above CSCO's. Qualcomm's current PE ratio of 22.39 is less than the average of its peers, which is 32.63.

Stock name PE ratio Market cap
CSCO Cisco Systems Inc 14.6 $195.7B
QCOM Qualcomm Inc 22.67 $176.05B
TXN Texas Instruments Inc 23.46 $152.1B
GOOGL Alphabet Inc 23.68 $1.72T
MSI Motorola Solutions Inc 32.3 $54.89B
JNPR Juniper Networks Inc 38.18 $11.92B
NVDA Nvidia Corp 65.64 $1.98T

Frequently asked questions

What is Qualcomm's PE ratio?

As of Feb 28, 2024, QCOM stock has a price to earnings ratio of 22.39.

What is the 3-year average PE ratio for Qualcomm (QCOM)?

Over the last 3 years, the average PE ratio for QCOM stock is 15.54.

What is the 5-year average PE ratio for Qualcomm (QCOM)?

Over the last 5 years, the average PE ratio for QCOM stock is 19.82.

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 14% higher 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 (Feb 28, 2024), Qualcomm's share price is $155.85. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $6.96. Therefore, Qualcomm's price to earnings ratio for today is 22.39. PE RATIO(22.39) = STOCK PRICE($155.85) / TTM EPS($6.96)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.