Stock Analysis on Net

Qualcomm Inc. (NASDAQ:QCOM)

Price to Book Value (P/BV) 
since 2005

Microsoft Excel

Calculation

Qualcomm Inc., P/BV, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Qualcomm Inc. Annual Report.


The share price demonstrated a general upward trend over the observed period, starting at $40.38 and reaching $172.99 by the latest date. There were fluctuations along the way, including declines around 2008 and 2015, followed by significant growth particularly after 2019, culminating in a sharp increase towards 2024.

The book value per share (BVPS) also showed consistent growth, rising from $6.76 at the beginning of the period to $23.65 by the end. Notably, there was a sudden drop to $0.77 in 2018, which appears as an outlier in the otherwise steady upward trend. Following this anomaly, the BVPS resumed its increase, ending with strong gains in recent years.

The price-to-book value ratio (P/BV) exhibited considerable variability. Initially, it decreased from 5.97 to 2.56 between 2005 and 2017, reflecting a relative decrease in the market price compared to book value or an improvement in underlying assets. However, there was an extreme spike to 82.57 in 2018, coinciding with the book value anomaly. Subsequent years saw the ratio declining again but remaining relatively elevated compared to the earlier years, fluctuating between 5.72 and 24. This indicates increased market valuation volatility relative to the book value, particularly in the later period.

Share Price
Overall upward trajectory with some periods of decline, notable acceleration in growth post-2019.
Highest recorded price in 2024 suggests strong market confidence or growth expectations.
Book Value per Share (BVPS)
Steady increase over time, suggesting consistent asset growth or accumulation of equity.
The sharp decline in 2018 represents an anomaly, after which growth resumed strongly.
Price-to-Book Value Ratio (P/BV)
Declining trend until 2017, indicating price becoming more aligned with book value or improving asset base.
Extreme spike in 2018 driven by aberration in BVPS, followed by fluctuating but generally higher ratios than early period.
Later years suggest greater market valuation volatility relative to book value.

Comparison to Competitors

Qualcomm Inc., P/BV, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).


Comparison to Sector (Semiconductors & Semiconductor Equipment)

Qualcomm Inc., P/BV, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).


Comparison to Industry (Information Technology)

Qualcomm Inc., P/BV, long-term trends, comparison to industry (information technology)

Microsoft Excel

Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).