Qualcomm Inc (QCOM) valuation
Qualcomm P/E ratio history
Qualcomm trades at 18.8 times its earnings over the last twelve months and 16.1 times the earnings analysts expect over the next twelve. At its last 9 fiscal year ends its P/E ranged from 10.7 (year to Sep 2022) to 33.8 (year to Sep 2025), with a median of 19.0.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Sep 28, 2025 | $169.20 | $5.01 | 33.8 | 14.0 |
| Sep 29, 2024 | $170.13 | $8.97 | 19.0 | 17.4 |
| Sep 24, 2023 | $107.68 | $6.42 | 16.8 | 12.1 |
| Sep 25, 2022 | $121.19 | $11.37 | 10.7 | 9.4 |
| Sep 26, 2021 | $133.88 | $7.87 | 17.0 | 14.9 |
| Sep 27, 2020 | $114.50 | $4.53 | 25.3 | — |
| Sep 29, 2019 | $76.63 | $3.59 | 21.4 | — |
| Sep 30, 2018 | $72.03 | -$3.38 | n/m | — |
| Sep 24, 2017 | $52.09 | $1.64 | 31.8 | — |
| Sep 25, 2016 | $62.75 | $3.81 | 16.5 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Qualcomm valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| QualcommQCOM | $174B | 18.8 | 16.1 | 3.9 |
| Marvell TechnologyMRVL | $172B | 65.0 | 34.0 | 18.2 |
| Analog DevicesADI | $203B | 49.5 | 26.7 | 14.6 |
| Arm HoldingsARM | $219B | 210.2 | 84.4 | 42.5 |
| Texas InstrumentsTXN | $275B | 39.0 | 27.6 | 13.2 |
| IntelINTC | $331B | — | 33.7 | 5.8 |
| NXP SemiconductorsNXPI | $65.5B | 20.4 | 14.8 | 4.7 |
| Monolithic Power SystemsMPWR | $59.5B | 74.0 | 30.8 | 18.2 |
| Astera LabsALAB | $44.3B | 128.1 | 49.6 | 36.9 |
| Peer median | 65.0 | 32.2 | 16.4 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: QCOM financials · QCOM returns
No forecast, no recommendation. This page describes Qualcomm Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.