Stock Analysis on Net

Qualcomm Inc. (NASDAQ:QCOM)

$24.99

Price to Sales (P/S)
since 2005

Microsoft Excel

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Calculation

Qualcomm Inc., P/S, 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.


The financial data demonstrates the evolution of key metrics over a 20-year span, revealing notable trends in share price, sales per share, and the price-to-sales (P/S) ratio.

Share Price
The share price exhibits overall growth with periods of fluctuation. Starting at $40.38, it experienced a slight decline in the initial years, falling to a low in 2008 at $33.05. Following this, there was steady growth culminating in a peak at $138.48 in 2021. Notably, the share price dipped in 2022 and 2023, registering $112.50 and $110.89 respectively, before recovering sharply to $172.99 in 2024 and $179.72 in 2025. This pattern suggests resilience and strong market confidence over the long term despite some short-term volatility.
Sales Per Share
Sales per share show consistent upward momentum, increasing from $3.45 in 2005 to $41.35 in 2025. Growth was robust in the early to mid-period, with a slight dip from $16.82 in 2015 to $15.12 in 2017. However, subsequent years saw a strong rebound and acceleration in sales per share, particularly from 2018 onwards, corroborating the company’s expanding revenue base relative to share count. The peak value in 2025 is indicative of solid operational performance and revenue growth over the timeframe analyzed.
Price-to-Sales (P/S) Ratio
The P/S ratio decreased from an initial high of 11.7 in 2005 to a more moderate range around 3 to 5 in later years. This suggests that while sales per share grew markedly, the market valuation in relation to sales became more tempered over time. The P/S ratio shows fluctuations with a notable dip to 2.85 in 2022 amid a falling share price, followed by an increase to 4.93 in 2024 and then a slight decrease to 4.35 in 2025. The decline in P/S ratio over the years could reflect a maturing business valuation or market adjustment to growth expectations.

In summary, the data indicates that the company has experienced strong growth in sales per share, along with an overall increase in the share price over two decades. The decreasing trend in the price-to-sales ratio points to a relative valuation normalization as the company scaled its revenues. Recent years highlight some market volatility, yet long-term trends remain positive, underlining sustained operational performance and shareholder value enhancement.


Comparison to Competitors

Qualcomm Inc., P/S, 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)