Stock Analysis on Net

Qualcomm Inc. (NASDAQ:QCOM)

$24.99

Price to Earnings (P/E)
since 2005

Microsoft Excel

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Calculation

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

Microsoft Excel

Based on: 10-K (reporting date: 2025-09-28), 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.


Share Price
The share price demonstrated moderate volatility over the analyzed period. It started near $40 in 2005, experiencing fluctuations including a notable dip around 2008, likely reflecting broader market conditions. From 2012 onwards, a general upward trajectory is evident, with the price peaking sharply close to $180 by 2025. This represents substantial growth in market valuation over two decades, despite periodic decreases, particularly post-2017 and around 2022-2023.
Earnings per Share (EPS)
EPS showed less stability compared to share price, with significant variability. Initially, EPS increased steadily, reaching a peak above $4 around 2014. A pronounced decline followed, hitting a negative EPS in 2018, which indicates a loss during that year. Recovery was swift afterward, with strong growth from 2019 onwards, peaking at $11.54 in 2022. Subsequent years showed some reduction, but EPS remained positive and at relatively high levels compared to earlier years, reflecting improved profitability after the setback in 2018.
Price to Earnings (P/E) Ratio
The P/E ratio fluctuated considerably. Early years saw moderately high ratios around 20 to 30, implying relatively optimistic market expectations. The ratio spiked sharply to 46 in 2009, which may correlate with the low EPS in that period, causing valuation distortions. From 2012 to 2017, P/E mostly ranged between 16 and 32, showing periods of stable valuation. The ratio dropped to a low around 9.75 in 2022, coinciding with peak EPS, suggesting a market undervaluation relative to earnings at that time. Toward 2025, the P/E climbed again to above 30, indicating renewed investor optimism or expectations of future earnings growth despite somewhat lower EPS.
Overall Observations
The share price trend indicates growing investor confidence over the long term, despite intermittent declines. EPS volatility suggests that profitability was affected by specific events, including a notable loss in 2018, but strong recovery and growth followed. The P/E ratio variations highlight shifts in market sentiment and valuation relative to earnings performance, with extremes reflecting times of potential over- or undervaluation. Together, these metrics illustrate a period characterized by cyclical financial performance with eventual robust growth in both earnings and market valuation.

Comparison to Competitors

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

Microsoft Excel

Based on: 10-K (reporting date: 2025-09-28), 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)


Comparison to Industry (Information Technology)