Question 1

What is QUALCOMM's P/B ratio?

Accepted Answer

QUALCOMM (QCOM) P/B ratio is 6.9× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for QUALCOMM?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For QUALCOMM specifically, the relevant sector benchmark is the current sector median of 5.6×.

Question 5

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

Accepted Answer

QUALCOMM's P/B ratio of 6.9× is below its own 5-year average of 8.9× and above the sector median of 5.6×. That places the current reading at the 32th 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/B ratio range?

Accepted Answer

In the available daily series, QUALCOMM (QCOM) P/B ratio has ranged from a low of 2.5× in 2016 to a high of 110.7× in 2018. The 5-year average is 8.9× and the 5-year median is 7.1×.

Question 7

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

Accepted Answer

QUALCOMM (QCOM) P/B ratio at the end of 2025 was 8.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$21.2B	8.5×	+1.3×	Sep 28, 2025
2024	$190B	$26.3B	7.2×	+1.5×	Sep 30, 2024
2023	$124B	$21.6B	5.7×	-1.3×	Sep 30, 2023
2022	$127B	$18B	7.0×	-7.6×	Sep 30, 2022
2021	$146B	$9.95B	14.6×	-7.2×	Sep 30, 2021
2020	$133B	$6.08B	21.9×	+3.3×	Sep 30, 2020
2019	$91.3B	$4.91B	18.6×	-92.1×	Sep 30, 2019
2018	$103B	$928M	110.7×	+108.2×	Sep 30, 2018
2017	$76.5B	$30.7B	2.5×	-0.7×	Sep 30, 2017
2016	$101B	$31.8B	3.2×	+0.5×	Sep 30, 2016
2015	$83.7B	$31.4B	2.7×	-0.5×	Sep 30, 2015
2014	$125B	$39.2B	3.2×	+0.0×	Sep 30, 2014
2013	$114B	$36.1B	3.2×	+0.0×	Sep 30, 2013
2012	$105B	$33.5B	3.1×	+0.1×	Sep 30, 2012
2011	$81.8B	$27B	3.0×	-0.4×	Sep 30, 2011
2010	$72.7B	$20.9B	3.5×	-0.2×	Sep 30, 2010
2009	$74.9B	$20.3B	3.7×	-0.3×	Sep 30, 2009
2008	$70.9B	$17.9B	4.0×	-0.5×	Sep 30, 2008
2007	$69.7B	$15.8B	4.4×	-0.1×	Sep 30, 2007
2006	$60.1B	$13.4B	4.5×	-2.1×	Sep 30, 2006
2005	$73B	$11.1B	6.6×	+0.0×	Sep 30, 2005
2004	$63.3B	$9.66B	6.6×	+2.2×	Sep 30, 2004
2003	$32.9B	$7.6B	4.3×	+0.4×	Sep 30, 2003
2002	$21.4B	$5.39B	4.0×	—	Sep 30, 2002


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

P/B Ratio daily chart for QUALCOMM (QCOM)

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

About P/B Ratio at QUALCOMM (QCOM)

QUALCOMM P/B Ratio by Year

QUALCOMM P/B Ratio 2025: 8.5×

QUALCOMM P/B Ratio 2024: 7.2×

QUALCOMM P/B Ratio 2023: 5.7×

QUALCOMM P/B Ratio 2022: 7.0×

QUALCOMM P/B Ratio 2021: 14.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

QUALCOMM (QCOM) Key Financials