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Qualcomm (UKEX:QCOM) Cyclically Adjusted Book per Share : ₴637.71 (As of Dec. 2023)


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What is Qualcomm Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Qualcomm's adjusted book value per share for the three months ended in Dec. 2023 was ₴813.450. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₴637.71 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Qualcomm's average Cyclically Adjusted Book Growth Rate was -2.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -1.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Qualcomm was 37.60% per year. The lowest was -3.00% per year. And the median was 15.90% per year.

As of today (2024-05-02), Qualcomm's current stock price is ₴5316.00. Qualcomm's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₴637.71. Qualcomm's Cyclically Adjusted PB Ratio of today is 8.34.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Qualcomm was 10.73. The lowest was 2.62. And the median was 4.92.


Qualcomm Cyclically Adjusted Book per Share Historical Data

The historical data trend for Qualcomm's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Qualcomm Cyclically Adjusted Book per Share Chart

Qualcomm Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 844.59 843.40

Qualcomm Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 855.86 739.19 789.54 843.40 637.71

Competitive Comparison of Qualcomm's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, Qualcomm's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Qualcomm's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Qualcomm's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Qualcomm's Cyclically Adjusted PB Ratio falls into.



Qualcomm Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Qualcomm's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=813.45/129.4194*129.4194
=813.450

Current CPI (Dec. 2023) = 129.4194.

Qualcomm Quarterly Data

Book Value per Share CPI Adj_Book
201403 894.891 99.695 1,161.712
201406 911.733 100.560 1,173.394
201409 925.629 100.428 1,192.841
201412 925.773 99.070 1,209.381
201503 913.912 99.621 1,187.278
201506 833.458 100.684 1,071.330
201509 813.179 100.392 1,048.307
201512 797.822 99.792 1,034.684
201603 797.025 100.470 1,026.675
201606 820.609 101.688 1,044.397
201609 849.163 101.861 1,078.903
201612 832.990 101.863 1,058.337
201703 836.999 102.862 1,053.097
201706 836.230 103.349 1,047.173
201709 822.701 104.136 1,022.450
201712 637.395 104.011 793.101
201803 633.908 105.290 779.185
201806 619.354 106.317 753.939
201809 26.111 106.507 31.728
201812 117.900 105.998 143.951
201903 125.601 107.251 151.563
201906 176.903 108.070 211.851
201909 169.098 108.329 202.019
201912 155.729 108.420 185.891
202003 106.565 108.902 126.643
202006 115.596 108.767 137.545
202009 211.923 109.815 249.756
202012 256.229 109.897 301.747
202103 259.355 111.754 300.351
202106 285.914 114.631 322.798
202109 348.836 115.734 390.084
202112 397.323 117.630 437.146
202203 468.514 121.301 499.871
202206 564.130 125.017 583.996
202209 633.769 125.227 654.989
202212 662.994 125.222 685.218
202303 697.409 127.348 708.754
202306 731.167 128.729 735.090
202309 764.077 129.860 761.488
202312 813.450 129.419 813.450

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Qualcomm  (UKEX:QCOM) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Qualcomm's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5316.00/637.71
=8.34

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Qualcomm was 10.73. The lowest was 2.62. And the median was 4.92.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Qualcomm Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Qualcomm's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Qualcomm (UKEX:QCOM) Business Description

Industry
Address
5775 Morehouse Drive, San Diego, CA, USA, 92121-1714
Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.

Qualcomm (UKEX:QCOM) Headlines