QCOM Qualcomm PE ratio, current and historical analysis
The P/E ratio for Qualcomm stock stands at 22.57 as of Oct 29, 2024. This is calculated based on the TTM EPS of $7.8 and the stock price of $176.03 per share. An increase of 3.6% has been observed in the PE ratio compared to its average of 21.8 of the past four quarters.
QCOM PE ratio history
Over the last ten years, the average PE ratio of Qualcomm has been 20.11. The current 22.57 price-to-earnings ratio is 12% 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.
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
Currently, QCOM's PE ratio is above its 3, 5 and 10-year averages.
QCOM PE vs 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 22.57 is less than the average of its peers, which is 42.63.
| Stock name | PE ratio | Market cap |
|---|---|---|
| QCOM Qualcomm Inc | 21.72 | $188.75B |
| CSCO Cisco Systems Inc | 21.84 | $222.28B |
| GOOGL Alphabet Inc | 25.43 | $2.2T |
| TXN Texas Instruments Inc | 38.85 | $192.08B |
| MSI Motorola Solutions Inc | 51.86 | $75.88B |
| JNPR Juniper Networks Inc | 53.38 | $12.83B |
| NVDA Nvidia Corp | 64.69 | $3.43T |
Frequently asked questions
What is Qualcomm's PE ratio?
As of Oct 29, 2024, QCOM stock has a price to earnings ratio of 22.57.
What is the 3-year average PE ratio for Qualcomm (QCOM)?
Over the last 3 years, the average PE ratio for QCOM stock is 16.71.
What is the 5-year average PE ratio for Qualcomm (QCOM)?
Over the last 5 years, the average PE ratio for QCOM stock is 19.34.
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 12% 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 (Oct 29, 2024), Qualcomm's share price is $176.03. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $7.8. Therefore, Qualcomm's price to earnings ratio for today is 22.57. PE RATIO(22.57) = STOCK PRICE($176.03) / TTM EPS($7.8)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.