QUALCOMM Incorporated (QCOM) P/E Ratio History
Historical price-to-earnings valuation from 1993 to 2026
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Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of February 28, 2026, QUALCOMM Incorporated (QCOM) trades at a price-to-earnings ratio of 28.4x, with a stock price of $142.36 and trailing twelve-month earnings per share of $4.97.
The current P/E is 52% above its 5-year average of 18.7x. Over the past five years, QCOM's P/E has ranged from a low of 9.9x to a high of 35.2x, placing the current valuation at the 90th percentile of its historical range.
Compared to the Technology sector median P/E of 25.2x, QCOM is roughly in line with its sector peers. The sector includes 345 companies with P/E ratios ranging from 0.0x to 199.1x.
The PEG ratio of 13.66 (P/E divided by -44% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, QCOM trades roughly in line with the S&P 500 median P/E of 26.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our QCOM DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
Peer Comparison
P/E metrics vs. Analog, Mixed-Signal and RF Chips peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
AVGOBroadcom Inc. | $1.5T | 67.0 | 4.80 | +288% |
TXNTexas Instruments Incorporated | $193B | 38.9 | - | +5% |
ADIAnalog Devices, Inc. | $174B | 78.0 | 11.45 | +39% |
QCOMQUALCOMM Incorporated | $153B | 28.4 | 13.66 | -44% |
NXPINXP Semiconductors N.V. | $57B | 28.6 | 0.25Best | -18% |
STMSTMicroelectronics N.V. | $30B | 20.2 | 2.59 | -63% |
ALABAstera Labs, Inc. Common Stock | $20B | 97.4 | - | +291%Best |
SWKSSkyworks Solutions, Inc. | $9B | 19.3Lowest | - | -17% |
QRVOQorvo, Inc. | $8B | 142.9 | - | +181% |
CRUSCirrus Logic, Inc. | $7B | 23.5 | 1.32 | +22% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | Sun Dec 28 2025 00:00:00 GM | $174.81 | $4.96 | 35.2x | -26% |
| FY2025 Q4 | Sun Sep 28 2025 00:00:00 GM | $169.20 | $5.01 | 33.8x | -29% |
| FY2025 Q3 | Sun Jun 29 2025 00:00:00 GM | $158.54 | $10.36 | 15.3x | -68% |
| FY2025 Q2 | Sun Mar 30 2025 00:00:00 GM | $152.72 | $9.81 | 15.6x | -67% |
| FY2025 Q1 | Sun Dec 29 2024 00:00:00 GM | $157.24 | $9.35 | 16.8x | -65% |
| FY2024 Q4 | Mon Sep 30 2024 00:00:00 GM | $170.05 | $8.98 | 18.9x | -60% |
| FY2024 Q3 | Sun Jun 23 2024 00:00:00 GM | $212.53 | $7.72 | 27.5x | -42% |
| FY2024 Q2 | Sun Mar 24 2024 00:00:00 GM | $170.10 | $7.44 | 22.9x | -52% |
| FY2024 Q1 | Sun Dec 24 2023 00:00:00 GM | $143.49 | $6.90 | 20.8x | -56% |
| FY2023 Q4 | Sat Sep 30 2023 00:00:00 GM | $111.06 | $6.42 | 17.3x | -64% |
| FY2023 Q3 | Sun Jun 25 2023 00:00:00 GM | $113.43 | $7.63 | 14.9x | -69% |
| FY2023 Q2 | Sun Mar 26 2023 00:00:00 GM | $124.76 | $9.32 | 13.4x | -72% |
Average P/E for displayed period: 47.4x
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Start ComparisonFrequently Asked Questions
Is QCOM stock overvalued or undervalued?
QCOM trades at 28.4x P/E, above its 5-year average of 18.7x. The 90th percentile ranking indicates a premium to historical valuation.
How does QCOM's valuation compare to peers?
QUALCOMM Incorporated P/E of 28.4x compares to sector median of 25.2x. The premium reflects expected growth above peers.
What is QCOM's PEG ratio?
QCOM PEG ratio is 13.66. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1993-2026.