Question 1

What is QUALCOMM's P/FCF ratio?

Accepted Answer

QUALCOMM (QCOM) P/FCF ratio is 15.1× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. 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 P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for QUALCOMM?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For QUALCOMM specifically, the relevant sector benchmark is the current sector median of 21.8×.

Question 5

Is QUALCOMM's P/FCF ratio high or low?

Accepted Answer

QUALCOMM's P/FCF ratio of 15.1× is below its own 5-year average of 17.1× and below the sector median of 21.8×. That places the current reading at the 22th 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 P/FCF ratio range?

Accepted Answer

In the available daily series, QUALCOMM (QCOM) P/FCF ratio has ranged from a low of 10.4× in 2026 to a high of 58.1× in 2002. The 5-year average is 17.1× and the 5-year median is 16.5×.

Question 7

What was QUALCOMM's P/FCF ratio in 2025?

Accepted Answer

QUALCOMM (QCOM) P/FCF ratio at the end of 2025 was 14.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does QUALCOMM's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). 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	$12.8B	14.1×	-2.9×	Sep 28, 2025
2024	$190B	$11.2B	17.0×	+4.4×	Sep 30, 2024
2023	$124B	$9.85B	12.6×	-5.9×	Sep 30, 2023
2022	$127B	$6.83B	18.5×	+1.7×	Sep 30, 2022
2021	$146B	$8.65B	16.8×	-13.3×	Sep 30, 2021
2020	$133B	$4.41B	30.2×	+15.9×	Sep 30, 2020
2019	$91.3B	$6.4B	14.3×	-18.8×	Sep 30, 2019
2018	$103B	$3.11B	33.0×	+13.9×	Sep 30, 2018
2017	$76.5B	$4B	19.1×	+4.4×	Sep 30, 2017
2016	$101B	$6.86B	14.7×	-3.8×	Sep 30, 2016
2015	$83.7B	$4.51B	18.5×	+2.3×	Sep 30, 2015
2014	$125B	$7.7B	16.3×	+1.4×	Sep 30, 2014
2013	$114B	$7.73B	14.8×	-7.6×	Sep 30, 2013
2012	$105B	$4.71B	22.4×	+3.4×	Sep 30, 2012
2011	$81.8B	$4.31B	19.0×	+0.2×	Sep 30, 2011
2010	$72.7B	$3.88B	18.7×	+7.1×	Sep 30, 2010
2009	$74.9B	$6.41B	11.7×	-21.1×	Sep 30, 2009
2008	$70.9B	$2.16B	32.8×	+9.5×	Sep 30, 2008
2007	$69.7B	$2.99B	23.3×	-0.1×	Sep 30, 2007
2006	$60.1B	$2.57B	23.4×	-11.2×	Sep 30, 2006
2005	$73B	$2.11B	34.6×	+5.0×	Sep 30, 2005
2004	$63.3B	$2.14B	29.6×	+8.3×	Sep 30, 2004
2003	$32.9B	$1.54B	21.4×	-4.5×	Sep 30, 2003
2002	$21.4B	$826M	25.8×	—	Sep 30, 2002


First Solar (FSLR)	12.7×
Zebra Technologies (ZBRA)	12.2×
Skyworks Solutions (SWKS)	11.9×
Cognizant (CTSH)	11.8×
NetApp (NTAP)	11.5×
Duolingo (DUOL)	11.1×
Block (XYZ)	11.0×
Leidos Holdings (LDOS)	10.8×
Workday (WDAY)	10.5×
Salesforce (CRM)	10.5×
Qorvo (QRVO)	10.4×
Adobe (ADBE)	9.8×
Accenture (ACN)	9.6×
Strategy (MSTR)	9.2×
Gartner (IT)	8.8×
Fidelity National Information Services (FIS)	8.7×
DocuSign (DOCU)	8.0×
Gen Digital (GEN)	7.5×
Fiserv (FISV)	7.2×
Science Applications International (SAIC)	7.0×
Hewlett Packard Enterprise (HPE)	6.8×
GoDaddy (GDDY)	6.7×
HP (HPQ)	5.1×
Lyft (LYFT)	4.5×
IBM (IBM)	0.0×

P/FCF Ratio for QUALCOMM (QCOM) 2002-2026

P/FCF Ratio daily chart for QUALCOMM (QCOM)

Historical P/FCF Ratio for QUALCOMM (QCOM) from 2002 to 2025

About P/FCF Ratio at QUALCOMM (QCOM)

QUALCOMM P/FCF Ratio by Year

QUALCOMM P/FCF Ratio 2025: 14.1×

QUALCOMM P/FCF Ratio 2024: 17.0×

QUALCOMM P/FCF Ratio 2023: 12.6×

QUALCOMM P/FCF Ratio 2022: 18.5×

QUALCOMM P/FCF Ratio 2021: 16.8×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

QUALCOMM (QCOM) Key Financials