Qualcomm Inc. (NASDAQ:QCOM)

Price to Earnings (P/E) Ratio

The Price to Earnings ratio exhibited a significant fluctuation over the observed periods. Starting at a high level of 28.06, it experienced a sharp decline to 9.75 by the third year, indicating a potential increase in earnings or a reduction in market price. Subsequently, there was a rebound reaching 34.74 by the final year, suggesting a renewed market optimism or valuation expansion relative to earnings.

Price to Operating Profit (P/OP) Ratio

The Price to Operating Profit ratio followed a pattern somewhat parallel to the P/E ratio, initially decreasing from 23.32 to 7.95, and then rising again with a peak near 19.08 before declining slightly to 15.58 towards the end of the period. This indicates variability in how operating profits are being valued by the market, with periods of both discount and premium valuation.

Price to Sales (P/S) Ratio

The Price to Sales ratio declined consistently from 6.2 to a low of 2.85 by the middle of the timeframe, suggesting a reduction in market valuation relative to sales. However, after this low point, the ratio increased again, reaching 4.93 before settling slightly lower at 4.35, indicating some recovery in how investors value sales revenue.

Price to Book Value (P/BV) Ratio

This ratio showed a steady and marked decline from 24 down to 5.72, pointing to a substantial compression in market valuation relative to book value. In the latter years, there was a modest increase to 9.08, indicating a partial rebound in investors' valuation of the company's net asset value, but it remained significantly below the initial level.

Share Price Trend

The share price experienced a decline from $128.97 in 2020 to $110.89 in 2023, indicating a period of downward pressure. However, there was a significant rebound beginning in 2024, with the share price increasing sharply to $172.99 and further to $179.72 in 2025, signaling renewed investor confidence or positive market developments.

Earnings Per Share (EPS) Trend

EPS showed strong growth from $4.60 in 2020 to a peak of $11.54 in 2022, suggesting improving profitability during this period. This was followed by a notable decline to $6.50 in 2023, then an uptick to $9.13 in 2024, before dropping again to $5.17 in 2025. These fluctuations indicate volatility in earnings performance over the assessed periods.

Price-to-Earnings (P/E) Ratio Trend

P/E ratio decreased steadily from 28.06 in 2020 to a low of 9.75 in 2022, reflecting either a rise in earnings relative to price or market undervaluation. In subsequent years, the P/E ratio increased to 34.74 in 2025, the highest level recorded, which may point to investor expectations of future growth despite the lower EPS in 2025.

Overall Insights

The financial data reveals a cyclical pattern of earnings and share price movements, with a period of earnings growth and declining P/E ratios followed by increased market valuation through rising share prices and higher P/E ratios despite fluctuating EPS. The sharp increase in share price and P/E ratio in 2024 and 2025 despite a declining EPS in 2025 suggests that market sentiment or expectations may have become increasingly optimistic or speculative during the latest period.

Share Price Trend

The share price exhibited fluctuations over the observed periods. It initially increased from 128.97 US$ in 2020 to 138.48 US$ in 2021, then declined to 112.5 US$ in 2022 and further to 110.89 US$ in 2023. A significant recovery occurred thereafter, with the price rising sharply to 172.99 US$ in 2024 and continuing to 179.72 US$ in 2025.

Operating Profit Per Share (OPPS) Trend

Operating profit per share showed a general upward trajectory with some variability. It rose notably from 5.53 US$ in 2020 to 14.15 US$ in 2022, then experienced a sharp decline to 7 US$ in 2023. Subsequently, it rebounded to 9.06 US$ in 2024 and increased further to 11.54 US$ in 2025. These fluctuations suggest periods of varying operational performance.

Price to Operating Profit Ratio (P/OP)

The P/OP ratio, which reflects valuation relative to operating profit, decreased significantly from 23.32 in 2020 to a low of 7.95 in 2022, indicating that the market price was relatively low compared to operating profit in that year. It then increased sharply to 15.85 in 2023, rose further to 19.08 in 2024, and slightly decreased to 15.58 in 2025. This trend aligns with the share price movements and indicates fluctuating market sentiment and valuation relative to profit.

Overall Insights

The data indicates a period of operational improvement peaking in 2022, followed by a downturn in operating profit in 2023. Market valuation in terms of share price and P/OP ratio was initially strong, then became more favorable relative to profits in 2022 (lower P/OP), and subsequently reflected a more optimistic market outlook with rising prices and P/OP ratios from 2024 onwards. These patterns suggest cycles of performance and market reassessment over the covered periods.

Share Price Trends

The share price initially rose from $128.97 to $138.48 between 2020 and 2021, indicating positive market sentiment. However, it declined over the next two years, falling to $110.89 in 2023. Subsequently, there was a significant recovery with the share price increasing sharply to $172.99 in 2024 and further to $179.72 in 2025. This suggests renewed investor confidence and strong market performance in the later period.

Sales per Share Trends

Sales per share exhibited a steady upward trend overall. From $20.81 in 2020, sales per share rose consistently over the years, with a slight dip in 2023 to $32.18 from $39.43 in 2022. After 2023, sales per share recovered and increased to $41.35 by 2025. This progression indicates growth in the company's revenue basis on a per-share level, despite a minor setback in 2023.

Price-to-Sales (P/S) Ratio Analysis

The P/S ratio showed a marked decline from 6.2 in 2020 down to 2.85 in 2022, reflecting a relatively decreasing valuation of the company’s stock compared to its sales during this period. A rebound is observed from 2023 onwards, with the P/S ratio increasing to 4.93 in 2024 before slightly decreasing to 4.35 in 2025. This pattern indicates changing investor valuation dynamics, potentially influenced by fluctuations in share price and sales growth.

Overall Insights

The data indicates a cycle of initial growth followed by a dip and then recovery. Share price and sales per share both experience a drop around 2022-2023, but sales per share recover more strongly by 2025 which is corroborated by a substantial increase in share price. The P/S ratio trends imply that the market initially became less optimistic about the firm’s sales relative to its stock price but regained confidence in the latter years. This suggests that performance fundamentals improved and were better recognized by the market in the most recent periods.

The financial data over the examined periods reveals several notable trends in share price, book value per share, and their derived ratio for the company.

Share Price

The share price exhibited fluctuations across the reported years. Initially, there was an increase from approximately $129 to about $138 between the first and second periods. However, this was followed by a decline to roughly $112 and then to $111. In the final two periods, there was a significant upward movement, with the share price rising to nearly $173 and $180, indicating renewed investor confidence or improved market sentiment towards the company.

Book Value Per Share (BVPS)

The book value per share demonstrated a consistent upward trajectory over time, starting at about $5.37 and increasing steadily every year until it reached around $23.65. The last observed period shows a slight decrease to $19.80, which may suggest a reduction in net assets or a change in accounting values. Overall, the trend points to growing net asset value backing each share through most of the intervals.

Price-to-Book Value Ratio (P/BV)

The price-to-book value ratio declined markedly from an initial 24 to as low as roughly 5.72 during the mid periods, reflecting the share price becoming more aligned with or less inflated relative to the book value. In the most recent periods, the ratio has increased again to 7.31 and then 9.08, suggesting that the market valuation is rising faster than the book value per share, possibly due to anticipated growth or improved earnings prospects.

In summary, the data indicates a general strengthening of the company's book value per share, coupled with share price volatility. The interplay of these factors is visible in the P/BV ratio movements, illustrating periods of market revaluation relative to the company's net asset position. The recent increases in share price and P/BV ratio may imply increasing investor optimism or expectations of enhanced financial performance.