Start with its own history
At 13.97×, QCOM is 33.9% below its 9-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · QCOMSemiconductorsUpdated Nov 2, 2026
QUALCOMM Incorporated P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
13.97×
33.9% belowthe 9-observation annual average
Share price166.495
÷Earnings per share11.92
Price and EPS in quote currency. Calculation details
Investors are paying 13.97 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 21.14×
3-year average22.85×3 positive annual observations
5-year average18.89×5 positive annual observations
10-year average21.14×9 positive annual observations
Peer median · TTM40.93×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Sep 28, 2025 | 32.67× | +74.6% |
| Sep 30, 2024 | 18.71× | +9.0% |
| Sep 30, 2023 | 17.17× | +75.0% |
| Sep 30, 2022 | 9.81× | -39.2% |
| Sep 30, 2021 | 16.12× | -37.3% |
| Sep 30, 2020 | 25.69× | +21.9% |
| Sep 30, 2019 | 21.07× | N/M |
| Sep 30, 2018 | N/M | N/M |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Sep 30, 2017 | 31.23× | +75.1% |
| Sep 30, 2016 | 17.84× | +8.2% |
| Sep 30, 2015 | 16.48× | +4.3% |
| Sep 30, 2014 | 15.81× | -6.3% |
| Sep 30, 2013 | 16.87× | -2.2% |
| Sep 30, 2012 | 17.25× | -8.9% |
| Sep 30, 2011 | 18.92× | -17.0% |
| Sep 30, 2010 | 22.79× | -51.4% |
| Sep 30, 2009 | 46.85× | +111.5% |
| Sep 30, 2008 | 22.15× | +4.7% |
| Sep 30, 2007 | 21.15× | -13.3% |
| Sep 30, 2006 | 24.40× | -28.6% |
| Sep 30, 2005 | 34.16× | -7.2% |
| Sep 30, 2004 | 36.83× | -8.1% |
| Sep 30, 2003 | 40.08× | -30.4% |
| Sep 30, 2002 | 57.54× | N/M |
| Sep 30, 2001 | N/M | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How QCOM compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 QCOM This stockQUALCOMM Incorporated | 13.97× |
 QRVOQorvo, Inc. | 44.73× |
 IDCCInterDigital, Inc. | 26.16× |
 AVGOBroadcom Inc. | 40.93× |
 MRVLMarvell Technology, Inc. | 58.46× |
 NXPINXP Semiconductors N.V. | 20.50× |
 TXNTexas Instruments Incorporated | 39.97× |
 SMTCSemtech Corporation | 75.94× |
 GCTSGCT Semiconductor Holding, Inc. | N/M |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does QCOM’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 40.93×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take QCOM into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("QCOM", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 166.495 ÷ EPS 11.92 = 13.97×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 2, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
QCOM P/E ratio: common questions
The essentials behind the numbers.
QUALCOMM Incorporated's current P/E is 13.97× based on the quote data last updated Nov 2, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.