The P/E ratio for Qualcomm stock stands at 23.2 as of Apr 18, 2024. This is calculated based on the TTM EPS of $6.96 and the stock price of $161.44 per share. An increase of 42% has been observed in the PE ratio compared to its average of 16.3 of the past four quarters.
Over the last ten years, the average PE ratio of Qualcomm has been 19.65. The current 23.2 price-to-earnings ratio is 18% 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.
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% |
Currently, QCOM's PE ratio is above its 3, 5 and 10-year averages.
QCOM's PE ratio is less than its peer stocks NVDA and GOOGL, but it is above CSCO's and TXN's. Qualcomm's current PE ratio of 23.2 is less than the average of its peers, which is 34.16.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CSCO Cisco Systems Inc | 14.53 | $194.81B |
| TXN Texas Instruments Inc | 22.96 | $148.82B |
| QCOM Qualcomm Inc | 23.2 | $180.17B |
| GOOGL Alphabet Inc | 26.71 | $1.94T |
| MSI Motorola Solutions Inc | 33.18 | $56.4B |
| JNPR Juniper Networks Inc | 37.28 | $11.64B |
| NVDA Nvidia Corp | 70.27 | $2.12T |
As of Apr 18, 2024, QCOM stock has a price to earnings ratio of 23.2.
Over the last 3 years, the average PE ratio for QCOM stock is 15.24.
Over the last 5 years, the average PE ratio for QCOM stock is 19.25.
Over the last ten years, the quarterly PE ratio reached its highest level at 37.13 in the Dec 2018 quarter.
The current PE ratio of QCOM is 18% higher than the 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Apr 18, 2024), Qualcomm's share price is $161.44. 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 23.2. PE RATIO(23.2) = STOCK PRICE($161.44) / TTM EPS($6.96)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.