Question 1

What is QUALCOMM's EV/EBITDA ratio?

Accepted Answer

QUALCOMM (QCOM) EV/EBITDA ratio is 13.7× as of July 22, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for QUALCOMM?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For QUALCOMM specifically, the relevant sector benchmark is the current sector median of 20.3×.

Question 5

Is QUALCOMM's EV/EBITDA ratio high or low?

Accepted Answer

QUALCOMM's EV/EBITDA ratio of 13.7× is above its own 5-year average of 12.9× and below the sector median of 20.3×. That places the current reading at the 60th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is QUALCOMM's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, QUALCOMM (QCOM) EV/EBITDA ratio has ranged from a low of 7.8× in 2022 to a high of 44.3× in 2002. The 5-year average is 12.9× and the 5-year median is 12.7×.

Question 7

What was QUALCOMM's EV/EBITDA ratio in 2025?

Accepted Answer

QUALCOMM (QCOM) EV/EBITDA ratio at the end of 2025 was 12.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does QUALCOMM's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$181B	$14.6B	12.7×	-2.9×	Sep 28, 2025
2024	$190B	$12.3B	15.5×	+2.6×	Sep 30, 2024
2023	$124B	$9.95B	12.9×	+4.6×	Sep 30, 2023
2022	$127B	$16.4B	8.3×	-3.7×	Sep 30, 2022
2021	$146B	$12.4B	12.0×	-6.0×	Sep 30, 2021
2020	$133B	$7.62B	18.0×	+8.1×	Sep 30, 2020
2019	$91.3B	$9.54B	10.0×	-29.0×	Sep 30, 2019
2018	$103B	$2.75B	39.0×	+30.0×	Sep 30, 2018
2017	$76.5B	$6.8B	9.0×	-2.4×	Sep 30, 2017
2016	$101B	$8.29B	11.4×	+1.3×	Sep 30, 2016
2015	$83.7B	$7.66B	10.1×	-1.8×	Sep 30, 2015
2014	$125B	$9.02B	11.9×	+1.1×	Sep 30, 2014
2013	$114B	$9.17B	10.8×	-2.6×	Sep 30, 2013
2012	$105B	$6.95B	13.4×	+0.2×	Sep 30, 2012
2011	$81.8B	$5.39B	13.2×	-3.2×	Sep 30, 2011
2010	$72.7B	$3.87B	16.4×	-2.1×	Sep 30, 2010
2009	$74.9B	$3.45B	18.5×	+2.4×	Sep 30, 2009
2008	$70.9B	$4.03B	16.0×	-5.1×	Sep 30, 2008
2007	$69.7B	$2.98B	21.2×	+1.6×	Sep 30, 2007
2006	$60.1B	$2.77B	19.6×	-7.6×	Sep 30, 2006
2005	$73B	$2.44B	27.2×	+1.8×	Sep 30, 2005
2004	$63.3B	$2.25B	25.5×	+4.8×	Sep 30, 2004
2003	$32.9B	$1.39B	20.6×	-0.9×	Sep 30, 2003
2002	$21.4B	$866M	21.5×	—	Sep 30, 2002


Leidos Holdings (LDOS)	11.0×
Super Micro Computer (SMCI)	10.8×
Adobe (ADBE)	10.6×
Dell Technologies (DELL)	10.6×
NetApp (NTAP)	10.5×
PTC (PTC)	10.2×
Qorvo (QRVO)	10.2×
GoDaddy (GDDY)	10.1×
Gartner (IT)	10.1×
Ondas Holdings (ONDS)	9.9×
EPAM Systems (EPAM)	9.6×
Accenture (ACN)	9.4×
Science Applications International (SAIC)	9.2×
Skyworks Solutions (SWKS)	9.2×
Amkor Technology (AMKR)	8.7×
Gen Digital (GEN)	8.3×
First Solar (FSLR)	8.3×
Corpay (CPAY)	8.3×
Paycom Software (PAYC)	8.1×
Zoom Communications (ZM)	7.5×
Fiserv (FISV)	7.4×
Cognizant (CTSH)	7.1×
HP (HPQ)	6.4×
Fidelity National Information Services (FIS)	4.8×
IBM (IBM)	3.8×

EV/EBITDA for QUALCOMM (QCOM) 2002-2026

EV/EBITDA daily chart for QUALCOMM (QCOM)

Historical EV/EBITDA for QUALCOMM (QCOM) from 2002 to 2025

About EV/EBITDA at QUALCOMM (QCOM)

QUALCOMM EV/EBITDA by Year

QUALCOMM EV/EBITDA 2025: 12.7×

QUALCOMM EV/EBITDA 2024: 15.5×

QUALCOMM EV/EBITDA 2023: 12.9×

QUALCOMM EV/EBITDA 2022: 8.3×

QUALCOMM EV/EBITDA 2021: 12.0×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

QUALCOMM (QCOM) Key Financials