Enterprise Value (EV)
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Current Enterprise Value (EV)
Qualcomm Inc., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in millions | |
| Common equity (market value)1 | |
| Add: Preferred stock, $0.0001 par value; none outstanding (per books) | |
| Total equity | |
| Add: Short-term debt (per books) | |
| Add: Long-term debt (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Less: Restricted cash | |
| Less: Marketable securities | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2025-09-28).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Qualcomm Inc., EV calculation
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).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Qualcomm Inc. Annual Report.
3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
The financial data reveals several notable trends over the analyzed periods. There is an observable fluctuation in equity and enterprise value figures, with some key movements in recent years.
- Common Equity and Total Equity
- Both common equity (market value) and total equity figures show similar values, indicating consistency between reported equity and its market evaluation. Starting at approximately 145.9 billion US dollars in 2020, equity increased moderately by 2021 to about 155.1 billion. This was followed by a decline in 2022 and 2023, reaching a low near 123.4 billion. Subsequently, a significant rebound is evident, with equity rising sharply to around 192.2 billion by 2024 and remaining stable into 2025. This suggests a recovery or strong positive market sentiment in the later years after a period of contraction.
- Total Equity and Debt
- This combined measure also reflects a comparable trend. Initiating at roughly 161.6 billion US dollars in 2020, the total equity and debt value grows until 2021 (170.8 billion), then contracts through 2022 and 2023, mirroring the equity downturn. The figure escalates substantially again in 2024 to approximately 206.8 billion and stabilizes in 2025. The shift indicates changes not only in equity but also potentially in the debt profile, balancing the total capital structure over the years.
- Enterprise Value (EV)
- Enterprise value displays a pattern consistent with equity and debt trends but on a slightly different scale. From about 150.4 billion in 2020, it rises modestly by 2021, then declines through 2022 and 2023 to approximately 127.5 billion. A marked increase occurs in 2024, reaching 193.5 billion, and remains steady into 2025. The rise in EV aligns with the equity and total capital increase, implying improved investor perception of the company's valuation and operational prospects in recent years after the downturn.
Overall, the data illustrates a cyclical pattern with a peak in 2021, a trough during 2022-2023, followed by a pronounced recovery through 2024 and stabilization into 2025. This pattern may reflect macroeconomic conditions, business performance fluctuations, or strategic financial decisions impacting the company's market capitalization, capital structure, and valuation metrics over the period.