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Qualcomm (XTER:QCI) Cyclically Adjusted Book per Share : €15.82 (As of Mar. 2024)


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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 Mar. 2024 was €20.135. 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 €15.82 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Qualcomm's average Cyclically Adjusted Book Growth Rate was -3.30% 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 (2024-05-05), Qualcomm's current stock price is €166.08. Qualcomm's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €15.82. Qualcomm's Cyclically Adjusted PB Ratio of today is 10.50.

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 17.39 15.09 15.16 18.84 16.72

Qualcomm Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 16.30 16.17 16.72 15.83 15.82

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 Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=20.135/129.4194*129.4194
=20.135

Current CPI (Mar. 2024) = 129.4194.

Qualcomm Quarterly Data

Book Value per Share CPI Adj_Book
201406 17.014 100.560 21.897
201409 18.212 100.428 23.469
201412 19.036 99.070 24.868
201503 21.410 99.621 27.814
201506 18.828 100.684 24.202
201509 18.370 100.392 23.682
201512 18.569 99.792 24.082
201603 18.147 100.470 23.376
201606 18.517 101.688 23.567
201609 19.183 101.861 24.373
201612 20.022 101.863 25.439
201703 19.842 102.862 24.965
201706 18.870 103.349 23.630
201709 17.501 104.136 21.750
201712 13.656 104.011 16.992
201803 13.035 105.290 16.022
201806 13.442 106.317 16.363
201809 0.567 106.507 0.689
201812 2.628 105.998 3.209
201903 2.818 107.251 3.400
201906 3.969 108.070 4.753
201909 3.893 108.329 4.651
201912 3.554 108.420 4.242
202003 2.445 108.902 2.906
202006 2.603 108.767 3.097
202009 4.562 109.815 5.376
202012 5.340 109.897 6.289
202103 5.524 111.754 6.397
202106 6.017 114.631 6.793
202109 7.518 115.734 8.407
202112 8.915 117.630 9.809
202203 10.786 121.301 11.508
202206 13.531 125.017 14.008
202209 16.229 125.227 16.772
202212 15.868 125.222 16.400
202303 16.515 127.348 16.784
202306 17.111 128.729 17.203
202309 18.152 129.860 18.090
202312 18.913 129.419 18.913
202403 20.135 129.419 20.135

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


Qualcomm  (XTER:QCI) 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
=166.08/15.82
=10.50

* 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 (XTER:QCI) 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.

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