Qualcomm (BSP:QCOM34) E10: R$2.84 (As of Jun. 2026)

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BSP:QCOM34 Qualcomm Inc BSP:QCOM34
90 GF Score
Price R$68.69
GF Value R$74.05
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Qualcomm E10?

Qualcomm BSP:QCOM34 +0.01% 90 E10 is R$2.84 as of Jun. 2026. GuruFocus rates BSP:QCOM34 with a GF Score™ of 90/100 and a GF Value™ of R$74.05 (Fairly Valued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Qualcomm's adjusted earnings per share data for the three months ended in Jun. 2026 was R$0.799. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$2.84 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Qualcomm's average E10 Growth Rate was 10.10% per year. During the past 3 years, the average E10 Growth Rate was 6.20% per year. During the past 5 years, the average E10 Growth Rate was 13.10% per year. During the past 10 years, the average E10 Growth Rate was 8.70% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Qualcomm was 80.00% per year. The lowest was -3.10% per year. And the median was 17.70% per year.

As of today (2026-08-26), Qualcomm's current stock price is R$68.69. Qualcomm's E10 for the quarter that ended in Jun. 2026 was R$2.84. Qualcomm's Shiller PE Ratio of today is 24.19.

During the past 13 years, the highest Shiller PE Ratio of Qualcomm was 51.68. The lowest was 16.28. And the median was 27.09.


Qualcomm  (BSP:QCOM34) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Qualcomm's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=68.69/2.84
=24.19

* 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 Shiller P/E Ratio of Qualcomm was 51.68. The lowest was 16.28. And the median was 27.09.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Qualcomm E10 Related Terms


Qualcomm E10 Historical Data

* Premium members only.

The historical data trend for Qualcomm's E10 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.

Qualcomm E10 Chart

Qualcomm Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.69 2.14 2.11 2.48 2.51

Qualcomm Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 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 2.72 2.51 2.70 2.80 2.84

BSP:QCOM34 vs ADI, MRVL, TXN: E10 Comparison

For the Semiconductors subindustry, Qualcomm's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Qualcomm's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Qualcomm's Shiller PE Ratio falls into.


BSP:QCOM34
90GF Score
Qualcomm Inc BSP:QCOM34
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Qualcomm E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.799/333.9520*333.9520
=0.799

Current CPI (Jun. 2026) = 333.9520.

Qualcomm Quarterly Data

per share eps CPI Adj_EPS
201609 0.290 241.428 0.401
201612 0.129 241.432 0.178
201703 0.130 243.801 0.178
201706 0.159 244.955 0.217
201709 0.029 246.819 0.039
201712 -1.112 246.524 -1.506
201803 0.060 249.554 0.080
201806 0.255 251.989 0.338
201809 -0.120 252.439 -0.159
201812 0.282 251.233 0.375
201903 0.176 254.202 0.231
201906 0.562 256.143 0.733
201909 0.144 256.759 0.187
201912 0.274 256.974 0.356
202003 0.167 258.115 0.216
202006 0.320 257.797 0.415
202009 1.161 260.280 1.490
202012 0.909 260.474 1.165
202103 0.718 264.877 0.905
202106 0.742 271.696 0.912
202109 1.078 274.310 1.312
202112 1.404 278.802 1.682
202203 1.066 287.504 1.238
202206 1.384 296.311 1.560
202209 1.106 296.808 1.244
202212 0.865 296.797 0.973
202303 0.660 301.836 0.730
202306 0.647 305.109 0.708
202309 0.543 307.789 0.589
202312 1.004 306.746 1.093
202403 0.855 312.332 0.914
202406 0.844 314.175 0.897
202409 1.195 315.301 1.266
202412 1.439 315.605 1.523
202503 1.209 319.799 1.263
202506 1.123 322.561 1.163
202509 -1.292 324.800 -1.328
202512 1.264 324.054 1.303
202603 2.998 330.213 3.032
202606 0.799 333.952 0.799

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of R$2.84 mean?
Qualcomm (BSP:QCOM34) has a E10 of R$2.84 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Qualcomm and its competitors.
Is Qualcomm's E10 too high?
Qualcomm's current E10 is R$2.84. Overall, Qualcomm has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Qualcomm's E10 compare to ADI and MRVL?
Qualcomm's E10 of R$2.84 can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Semiconductors company?
A good E10 depends on the Semiconductors industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Qualcomm and its competitors. Qualcomm's current E10 is R$2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qualcomm stock overvalued right now?
Based on GuruFocus' analysis, Qualcomm (BSP:QCOM34) is currently considered Fairly Valued. The stock's GF Value™ is R$74.05, compared to a current price of R$68.69 — trading 7.2% below its estimated fair value. The current E10 is R$2.84. Qualcomm's overall GF Score™ is 90/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Qualcomm (BSP:QCOM34), the current E10 is R$2.84 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Qualcomm (BSP:QCOM34) Overvalued in 2026?

Based on GuruFocus' analysis, Qualcomm stock appears to be undervalued. The current stock price of R$68.69 is trading 7.2% below its estimated GF Value™ of R$74.05. GuruFocus considers Qualcomm to be Fairly Valued.

Key valuation signals for BSP:QCOM34:

  • E10: R$2.84
  • GF Value™: R$74.05 vs. price of R$68.69 (7.2% below fair value)
  • GF Score™: 90/100 with 3 warning signs

No single metric tells the full story. See the BSP:QCOM34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Qualcomm Business Description

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.
90GF Score

Get the complete analysis for BSP:QCOM34

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$68.69
Price
R$74.05
GF Value