Price to Operating Profit (P/OP)
since 2005
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Income Statement
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
- Aggregate Accruals
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Calculation
Qualcomm Inc., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 5, 2025 | = | ÷ | = | ÷ | |||||||
| Nov 6, 2024 | = | ÷ | = | ÷ | |||||||
| Nov 1, 2023 | = | ÷ | = | ÷ | |||||||
| Nov 2, 2022 | = | ÷ | = | ÷ | |||||||
| Nov 3, 2021 | = | ÷ | = | ÷ | |||||||
| Nov 4, 2020 | = | ÷ | = | ÷ | |||||||
| Nov 6, 2019 | = | ÷ | = | ÷ | |||||||
| Nov 7, 2018 | = | ÷ | = | ÷ | |||||||
| Nov 1, 2017 | = | ÷ | = | ÷ | |||||||
| Nov 2, 2016 | = | ÷ | = | ÷ | |||||||
| Nov 4, 2015 | = | ÷ | = | ÷ | |||||||
| Nov 5, 2014 | = | ÷ | = | ÷ | |||||||
| Nov 6, 2013 | = | ÷ | = | ÷ | |||||||
| Nov 7, 2012 | = | ÷ | = | ÷ | |||||||
| Nov 2, 2011 | = | ÷ | = | ÷ | |||||||
| Nov 3, 2010 | = | ÷ | = | ÷ | |||||||
| Nov 5, 2009 | = | ÷ | = | ÷ | |||||||
| Nov 6, 2008 | = | ÷ | = | ÷ | |||||||
| Nov 8, 2007 | = | ÷ | = | ÷ | |||||||
| Nov 2, 2006 | = | ÷ | = | ÷ | |||||||
| Nov 2, 2005 | = | ÷ | = | ÷ |
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 Trend
- The share price exhibited variability over the analyzed period, starting at $40.38 and experiencing fluctuating movements. After a decline around 2008 reaching approximately $33.05, the price recovered and generally trended upward, with some intermittent dips notable around 2015 and 2017. A significant surge occurred from 2018 onward, culminating in a peak near $179.72 by 2025. This indicates substantial growth in market valuation over the long term despite short-term volatility.
- Operating Profit Per Share Performance
- Operating profit per share showed overall positive growth with some irregularities. It increased steadily from $1.45 in 2005 to $4.54 in 2014, but then declined sharply to $0.61 by 2018. Following this dip, there was a marked recovery, with values reaching a high of $14.15 by 2022 and maintaining elevated levels thereafter. This pattern suggests periods of profitability challenges followed by strong operational performance improvements in recent years.
- Price to Operating Profit Ratio (P/OP) Dynamics
- The P/OP ratio fluctuated considerably, reflecting changes in market valuation relative to operational earnings. Initially, the ratio decreased from 27.83 in 2005 to a low of 14.67 in 2008, indicating improving valuation relative to profits. The ratio then varied with spikes, notably a peak of 103.26 in 2018, corresponding to the operating profit low during the same period. Subsequently, the ratio fell sharply back below 20, stabilizing around the 15-20 range from 2023 onward. This volatility in P/OP underscores shifts in investor expectations and earnings quality over time.
- Overall Insights
- The data reflect a company experiencing cyclical profitability and valuation phases, with a significant turnaround after the 2018 low point in operating profit per share. The sharp recovery in profitability contributed to both higher share prices and a more normalized P/OP ratio in recent years. The long-term trend is positive in terms of market capitalization and operational earnings, although the intermediate periods show exposure to external or operational challenges.
Comparison to Competitors
Qualcomm Inc., P/OP, long-term trends, comparison to competitors
| Qualcomm Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|
| Nov 5, 2025 | ||||||||||
| Nov 6, 2024 | ||||||||||
| Nov 1, 2023 | ||||||||||
| Nov 2, 2022 | ||||||||||
| Nov 3, 2021 | ||||||||||
| Nov 4, 2020 | ||||||||||
| Nov 6, 2019 | ||||||||||
| Nov 7, 2018 | ||||||||||
| Nov 1, 2017 | ||||||||||
| Nov 2, 2016 | ||||||||||
| Nov 4, 2015 | ||||||||||
| Nov 5, 2014 | ||||||||||
| Nov 6, 2013 | ||||||||||
| Nov 7, 2012 | ||||||||||
| Nov 2, 2011 | ||||||||||
| Nov 3, 2010 | ||||||||||
| Nov 5, 2009 | ||||||||||
| Nov 6, 2008 | ||||||||||
| Nov 8, 2007 | ||||||||||
| Nov 2, 2006 | ||||||||||
| Nov 2, 2005 |
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).