QualcommQCOM +5.80%92 Forward PE Ratio is 17.03 as of Jul. 06, 2026. GuruFocus rates QCOM with a GF Score™ of 92/100 and a GF Value™ of $175.05 (Fairly Valued). The stock has 3 warning signs investors should review. Among 545 Semiconductors companies, Qualcomm ranks better than 77.8% on this metric.
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Qualcomm Forward PE Ratio Related Terms
Qualcomm Forward PE Ratio Historical Data
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The historical data trend for Qualcomm's Forward PE 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.
Qualcomm Forward PE Ratio Chart
Qualcomm Annual Data
Trend
2016-09
2017-09
2018-09
2019-09
2020-09
2021-09
2022-09
2023-09
2024-09
2025-09
Forward PE Ratio
14.43
12.59
16.10
17.99
18.73
14.66
8.67
12.08
15.29
14.01
Qualcomm Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
11.98
10.86
11.59
14.43
13.72
12.44
11.99
12.59
16.86
15.60
14.88
16.10
13.77
14.60
13.66
17.99
21.37
15.77
15.72
18.73
21.74
18.08
15.85
14.66
17.30
13.62
9.41
8.67
10.93
13.70
12.11
12.08
15.72
17.73
17.51
15.29
14.06
12.99
13.26
14.01
14.41
11.42
QCOM vs ADI, MRVL, TXN: Forward PE Ratio Comparison
For the Semiconductors subindustry, Qualcomm's Forward PE Ratio, along with its competitors' market caps and Forward 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 Forward PE Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Qualcomm's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Qualcomm's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Qualcomm (QCOM) has a Forward PE Ratio of 17.03 as of Jul. 06, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Qualcomm and its competitors. According to the industry distribution chart, Qualcomm ranks #121 out of 545 companies in the Semiconductors industry, placing it in the top 22.2%.
Is Qualcomm's Forward PE Ratio too high?
Qualcomm's current Forward PE Ratio is 17.03. The Semiconductors industry median Forward PE Ratio is 36.30. Qualcomm's value of 17.03 is 53.1% below this industry median. Based on the distribution chart, Qualcomm ranks #121 out of 545 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Qualcomm has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Qualcomm's Forward PE Ratio compare to ADI and MRVL?
According to the Semiconductors industry distribution chart, Qualcomm ranks #121 out of 545 companies for Forward PE Ratio. This places Qualcomm in the top 22% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 36.30. Qualcomm's value of 17.03 is 53.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Semiconductors company?
The median Forward PE Ratio among Semiconductors companies is 36.30, based on 545 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Qualcomm's current Forward PE Ratio of 17.03 is 53.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Qualcomm and its competitors. For the Semiconductors industry, the median Forward PE Ratio is 36.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qualcomm's current Forward PE Ratio is 17.03. 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 (QCOM) is currently considered Fairly Valued. The stock's GF Value™ is $175.05, compared to a current price of $186.48 — trading 6.5% above its estimated fair value. The current Forward PE Ratio is 17.03 and 53.1% below the Semiconductors industry median of 36.30. Qualcomm's overall GF Score™ is 92/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Qualcomm (QCOM), the current Forward PE Ratio is 17.03 as of Jul. 06, 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 (QCOM) Overvalued in 2026?
Based on GuruFocus' analysis, Qualcomm stock appears to be overvalued.
The current stock price of $186.48 is trading 6.5% above its estimated GF Value™ of $175.05.
GuruFocus considers Qualcomm to be Fairly Valued.
Key valuation signals for QCOM:
Forward PE Ratio: 17.03
GF Value™: $175.05 vs. price of $186.48 (6.5% above fair value)
Industry Position: 53.1% below the Semiconductors median (#121 of 545)
No single metric tells the full story. See the QCOM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
92GF Score
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