Question 1

What is QUALCOMM's P/E ratio?

Accepted Answer

QUALCOMM (QCOM) P/E ratio is 19.0× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for QUALCOMM?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For QUALCOMM specifically, the relevant sector benchmark is the current sector median of 29.4×.

Question 5

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

Accepted Answer

QUALCOMM's P/E ratio of 19.0× is above its own 5-year average of 18.1× and below the sector median of 29.4×. That places the current reading at the 59th 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/E ratio range?

Accepted Answer

In the available daily series, QUALCOMM (QCOM) P/E ratio has ranged from a low of 9.1× in 2022 to a high of 62.4× in 2002. The 5-year average is 18.1× and the 5-year median is 16.2×.

Question 7

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

Accepted Answer

QUALCOMM (QCOM) P/E ratio at the end of 2025 was 32.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$5.54B	32.7×	+14.0×	Sep 28, 2025
2024	$190B	$10.1B	18.7×	+1.6×	Sep 30, 2024
2023	$124B	$7.23B	17.1×	+7.4×	Sep 30, 2023
2022	$127B	$12.9B	9.8×	-6.3×	Sep 30, 2022
2021	$146B	$9.04B	16.1×	-9.5×	Sep 30, 2021
2020	$133B	$5.2B	25.6×	+4.8×	Sep 30, 2020
2019	$91.3B	$4.39B	20.8×	—	Sep 30, 2019
2018	$103B	-$4.86B	—	—	Sep 30, 2018
2017	$76.5B	$2.47B	31.0×	+13.3×	Sep 30, 2017
2016	$101B	$5.71B	17.7×	+1.8×	Sep 30, 2016
2015	$83.7B	$5.27B	15.9×	+0.2×	Sep 30, 2015
2014	$125B	$7.97B	15.7×	-1.0×	Sep 30, 2014
2013	$114B	$6.85B	16.7×	-0.6×	Sep 30, 2013
2012	$105B	$6.11B	17.3×	-1.9×	Sep 30, 2012
2011	$81.8B	$4.26B	19.2×	-3.2×	Sep 30, 2011
2010	$72.7B	$3.25B	22.4×	-24.7×	Sep 30, 2010
2009	$74.9B	$1.59B	47.1×	+24.6×	Sep 30, 2009
2008	$70.9B	$3.16B	22.4×	+1.3×	Sep 30, 2008
2007	$69.7B	$3.3B	21.1×	-3.2×	Sep 30, 2007
2006	$60.1B	$2.47B	24.3×	-9.8×	Sep 30, 2006
2005	$73B	$2.14B	34.1×	-2.7×	Sep 30, 2005
2004	$63.3B	$1.72B	36.8×	-3.0×	Sep 30, 2004
2003	$32.9B	$827M	39.8×	-19.5×	Sep 30, 2003
2002	$21.4B	$360M	59.4×	—	Sep 30, 2002


Ondas Holdings (ONDS)	16.4×
Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Accenture (ACN)	15.4×
Gartner (IT)	14.9×
CDW (CDW)	14.5×
Adobe (ADBE)	14.4×
Leidos Holdings (LDOS)	14.1×
Zoom Communications (ZM)	13.8×
PTC (PTC)	13.5×
Paycom Software (PAYC)	13.2×
Elastic N.V. (ESTC)	13.2×
Cognizant (CTSH)	13.1×
First Solar (FSLR)	12.7×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
Duolingo (DUOL)	10.9×
Super Micro Computer (SMCI)	10.9×
Science Applications International (SAIC)	10.3×
Fiserv (FISV)	9.3×
Fidelity National Information Services (FIS)	9.0×
HP (HPQ)	7.5×
Sunrun (RUN)	5.6×
Lyft (LYFT)	1.8×
IBM (IBM)	0.0×

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

P/E Ratio daily chart for QUALCOMM (QCOM)

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

About P/E Ratio at QUALCOMM (QCOM)

QUALCOMM P/E Ratio by Year

QUALCOMM P/E Ratio 2025: 32.7×

QUALCOMM P/E Ratio 2024: 18.7×

QUALCOMM P/E Ratio 2023: 17.1×

QUALCOMM P/E Ratio 2022: 9.8×

QUALCOMM P/E Ratio 2021: 16.1×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

QUALCOMM (QCOM) Key Financials