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Qualcomm (NAS:QCOM) E10

: $4.73 (As of Sep. 2022)
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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 Sep. 2022 was $2.530. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $4.73 for the trailing ten years ended in Sep. 2022.

As of today (2022-12-04), Qualcomm's current stock price is $125.66. Qualcomm's E10 for the quarter that ended in Sep. 2022 was $4.73. Qualcomm's Shiller PE Ratio of today is 26.57.

During the past 13 years, the highest Shiller PE Ratio of Qualcomm was 51.08. The lowest was 15.78. And the median was 28.70.


Qualcomm (NAS:QCOM) E10 Historical Data

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.

* Premium members only.

Qualcomm Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.50 2.79 3.05 3.71 4.73

Qualcomm Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
E10 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 Premium Member Only Premium Member Only Premium Member Only 3.71 3.97 4.19 4.56 4.73

Qualcomm (NAS:QCOM) E10 Competitive Comparison

For the Semiconductors subindustry, Qualcomm's E10, along with its competitors' market caps and E10 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 (NAS:QCOM) E10 Distribution

For the Semiconductors industry and Technology sector, Qualcomm's E10 distribution charts can be found below:

* The bar in red indicates where Qualcomm's E10 falls into.



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 Sep. 2022 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2022 (Change)*Current CPI (Sep. 2022)
=2.53/125.2265*125.2265
=2.530

Current CPI (Sep. 2022) = 125.2265.

Qualcomm Quarterly Data

per share eps CPI Adj_EPS
201212 1.090 96.871 1.409
201303 1.060 98.209 1.352
201306 0.900 98.518 1.144
201309 0.870 98.790 1.103
201312 1.090 98.326 1.388
201403 1.140 99.695 1.432
201406 1.310 100.560 1.631
201409 1.120 100.428 1.397
201412 1.170 99.070 1.479
201503 0.630 99.621 0.792
201506 0.730 100.684 0.908
201509 0.670 100.392 0.836
201512 0.990 99.792 1.242
201603 0.780 100.470 0.972
201606 0.970 101.688 1.195
201609 1.070 101.861 1.315
201612 0.460 101.863 0.566
201703 0.500 102.862 0.609
201706 0.580 103.349 0.703
201709 0.110 104.136 0.132
201712 -4.050 104.011 -4.876
201803 0.220 105.290 0.262
201806 0.810 106.317 0.954
201809 -0.350 106.507 -0.412
201812 0.870 105.998 1.028
201903 0.550 107.251 0.642
201906 1.750 108.070 2.028
201909 0.420 108.329 0.486
201912 0.800 108.420 0.924
202003 0.410 108.902 0.471
202006 0.740 108.767 0.852
202009 2.580 109.815 2.942
202012 2.120 109.897 2.416
202103 1.530 111.754 1.714
202106 1.770 114.631 1.934
202109 2.450 115.734 2.651
202112 2.980 117.630 3.172
202203 2.570 121.301 2.653
202206 3.290 125.017 3.296
202209 2.530 125.227 2.530

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


Qualcomm  (NAS:QCOM) 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
=125.66/4.73
=26.57

* 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 51.08. The lowest was 15.78. And the median was 28.70.


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

Thank you for viewing the detailed overview of Qualcomm's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Qualcomm (NAS:QCOM) Business Description

Qualcomm logo
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 and 4G networks. The firm is a leader in 5G network technology as well. 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 and chips into automotive and Internet of Things markets.
Executives
Cathey James J officer: Chief Commercial Officer 5775 MOREHOUSE DRIVE SAN DIEGO CA 92121
Chaplin Ann C officer: General Counsel&Corp Secretary 5775 MOREHOUSE DRIVE SAN DIEGO CA 92121
Acevedo Sylvia director 5775 MOREHOUSE DRIVE SAN DIEGO CA 92121
Johnson Gregory N director C/O INTUIT INC. 2700 COAST AVENUE MOUNTAIN VIEW CA 94043
Tricoire Jean-pascal director 5775 MOREHOUSE DRIVE SAN DIEGO CA 92121
Miller Jamie S director GENERAL ELECTRIC COMPANY 5 NECCO STREET BOSTON MA 02210
Ace Heather S officer: EVP, Human Resources 3721 VALLEY CENTRE DR SUITE 500 SAN DIEGO CA 92130
Palkhiwala Akash J. officer: SVP & Interim CFO 5775 MOREHOUSE DRIVE SAN DIEGO CA 92121
Wise David officer: Interim CFO 5775 MOREHOUSE DRIVE SAN DIEGO CA 92121
Polek Erin L officer: SVP Corporate Controller & CAO 5775 MOREHOUSE DRIVE SAN DIEGO CA 92121
Anstice Martin B director 4650 CUSHING PARKWAY FREMONT CA 94538
Rosenfeld Irene B director 999 VANDERBILT BEACH ROAD SUITE 601 NAPLES FL 34108
Mollenkopf Steven M director, officer: Chief Executive Officer 5775 MOREHOUSE DRIVE SAN DIEGO CA 92121
Smit Neil director C/O AMERICA ONLINE LATIN AMERICA, INC. 6600 N. ANDREWS AVE., SUITE 400 FT. LAUDERDALE FL 33309
Fields Mark director FORD MOTOR COMPANY ONE AMERICAN ROAD DEARBORN MI 48126

Qualcomm (NAS:QCOM) Headlines

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