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Qualcomm (Qualcomm) Cyclically Adjusted PS Ratio : 7.59 (As of May. 22, 2024)


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What is Qualcomm Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Qualcomm's current share price is $200.85. Qualcomm's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $26.47. Qualcomm's Cyclically Adjusted PS Ratio for today is 7.59.

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

QCOM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.69   Med: 5.79   Max: 10.26
Current: 7.59

During the past years, Qualcomm's highest Cyclically Adjusted PS Ratio was 10.26. The lowest was 3.69. And the median was 5.79.

QCOM's Cyclically Adjusted PS Ratio is ranked worse than
83.92% of 684 companies
in the Semiconductors industry
Industry Median: 2.325 vs QCOM: 7.59

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Qualcomm's adjusted revenue per share data for the three months ended in Mar. 2024 was $8.309. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $26.47 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Qualcomm Cyclically Adjusted PS Ratio Historical Data

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

Qualcomm Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.16 7.24 6.77 4.88 4.38

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 PS 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 5.24 4.78 4.38 5.64 6.40

Competitive Comparison of Qualcomm's Cyclically Adjusted PS Ratio

For the Semiconductors subindustry, Qualcomm's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio Distribution in the Semiconductors Industry

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

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



Qualcomm Cyclically Adjusted PS Ratio Calculation

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

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=200.85/26.47
=7.59

* 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 Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Qualcomm's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=8.309/131.7762*131.7762
=8.309

Current CPI (Mar. 2024) = 131.7762.

Qualcomm Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.971 100.560 5.204
201409 3.932 100.428 5.159
201412 4.211 99.070 5.601
201503 4.136 99.621 5.471
201506 3.580 100.684 4.686
201509 3.469 100.392 4.553
201512 3.807 99.792 5.027
201603 3.706 100.470 4.861
201606 4.067 101.688 5.270
201609 4.145 101.861 5.362
201612 4.013 101.863 5.191
201703 3.369 102.862 4.316
201706 3.602 103.349 4.593
201709 3.948 104.136 4.996
201712 4.086 104.011 5.177
201803 3.494 105.290 4.373
201806 3.751 106.317 4.649
201809 4.083 106.507 5.052
201812 3.959 105.998 4.922
201903 4.094 107.251 5.030
201906 7.827 108.070 9.544
201909 3.985 108.329 4.848
201912 4.381 108.420 5.325
202003 4.532 108.902 5.484
202006 4.296 108.767 5.205
202009 7.283 109.815 8.739
202012 7.124 109.897 8.542
202103 6.894 111.754 8.129
202106 7.039 114.631 8.092
202109 8.168 115.734 9.300
202112 9.374 117.630 10.501
202203 9.793 121.301 10.639
202206 9.644 125.017 10.165
202209 10.075 125.227 10.602
202212 8.367 125.222 8.805
202303 8.259 127.348 8.546
202306 7.519 128.729 7.697
202309 7.665 129.860 7.778
202312 8.815 129.419 8.976
202403 8.309 131.776 8.309

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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  (NAS:QCOM) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Qualcomm Cyclically Adjusted PS Ratio Related Terms

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


Qualcomm (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.
Executives
Cristiano R Amon officer: President 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
James J Cathey officer: Chief Commercial Officer 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Alexander H Rogers officer: EVP & President, QTL 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Neil Martin officer: SVP, Finance and CAO 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
James H Thompson officer: EVP, Qualcomm Technologies Inc 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Jeffrey William Henderson director 7000 CARDINAL PLACE, DUBLIN OH 43017
Erin L Polek officer: SVP Corporate Controller & CAO 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Akash J. Palkhiwala officer: SVP & Interim CFO 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Ann C Chaplin officer: General Counsel&Corp Secretary 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Donald J Rosenberg officer: EVP, GC & Corporate Secretary QUALCOMM INCORPORATED, 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Brian Modoff officer: EVP, Strategy and M&A 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Gregory N Johnson director C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Sylvia Acevedo director 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Randt Clark T. Jr. director ONE VALMONT PLAZA, 13815 FIRST NATIONAL BANK PARKWAY, OMAHA NE 68154
Jean-pascal Tricoire director 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121

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