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Qualcomm (BSP:QCOM34) Cyclically Adjusted PB Ratio : 8.70 (As of Jun. 04, 2025)


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What is Qualcomm Cyclically Adjusted PB Ratio?

As of today (2025-06-04), Qualcomm's current share price is R$69.45. Qualcomm's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was R$7.98. Qualcomm's Cyclically Adjusted PB Ratio for today is 8.70.

The historical rank and industry rank for Qualcomm's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:QCOM34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.62   Med: 4.91   Max: 12.33
Current: 8.69

During the past years, Qualcomm's highest Cyclically Adjusted PB Ratio was 12.33. The lowest was 2.62. And the median was 4.91.

BSP:QCOM34's Cyclically Adjusted PB Ratio is ranked worse than
89.76% of 713 companies
in the Semiconductors industry
Industry Median: 1.96 vs BSP:QCOM34: 8.69

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 adjusted book value per share data for the three months ended in Mar. 2025 was R$12.095. 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 R$7.98 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Qualcomm Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Qualcomm's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Qualcomm Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.64 7.34 6.30 6.30 9.87

Qualcomm Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio 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 9.69 11.48 9.87 9.00 8.96

Competitive Comparison of Qualcomm's Cyclically Adjusted PB Ratio

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.


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Qualcomm Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=69.45/7.98
=8.70

* 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.

Qualcomm's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Qualcomm's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=12.095/134.9266*134.9266
=12.095

Current CPI (Mar. 2025) = 134.9266.

Qualcomm Quarterly Data

Book Value per Share CPI Adj_Book
201506 5.480 100.684 7.344
201509 6.706 100.392 9.013
201512 6.542 99.792 8.845
201603 6.227 100.470 8.363
201606 5.936 101.688 7.876
201609 5.837 101.861 7.732
201612 5.903 101.863 7.819
201703 5.531 102.862 7.255
201706 5.822 103.349 7.601
201709 5.445 104.136 7.055
201712 4.437 104.011 5.756
201803 4.392 105.290 5.628
201806 4.935 106.317 6.263
201809 0.227 106.507 0.288
201812 0.967 105.998 1.231
201903 1.019 107.251 1.282
201906 1.441 108.070 1.799
201909 1.472 108.329 1.833
201912 1.351 108.420 1.681
202003 1.100 108.902 1.363
202006 1.267 108.767 1.572
202009 2.418 109.815 2.971
202012 2.785 109.897 3.419
202103 3.088 111.754 3.728
202106 3.038 114.631 3.576
202109 3.891 115.734 4.536
202112 4.747 117.630 5.445
202203 4.926 121.301 5.479
202206 6.016 125.017 6.493
202209 7.021 125.227 7.565
202212 7.348 125.222 7.917
202303 7.675 127.348 8.132
202306 7.498 128.729 7.859
202309 7.973 129.860 8.284
202312 8.421 129.419 8.779
202403 9.082 131.776 9.299
202406 9.922 132.554 10.100
202409 10.894 133.029 11.049
202412 12.356 133.157 12.520
202503 12.095 134.927 12.095

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


Qualcomm  (BSP:QCOM34) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Qualcomm Cyclically Adjusted PB Ratio Related Terms

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


Qualcomm 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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