QualcommMEX:QCOM +2.45%79 Return-on-Tangible-Asset is 75.13% as of Mar. 2026, which is 301% above its 10-year median of 18.75. GuruFocus rates MEX:QCOM with a GF Score™ of 79/100 and a GF Value™ of MXN3,042.39 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,025 Semiconductors companies, Qualcomm ranks better than 96.29% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Qualcomm's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN531,604 Mil. Qualcomm's average total tangible assets for the quarter that ended in Mar. 2026 was MXN707,588 Mil. Therefore, Qualcomm's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 75.13%.
The historical rank and industry rank for Qualcomm's Return-on-Tangible-Asset or its related term are showing as below:
MEX:QCOM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.66 Med: 18.75 Max: 37.41
Current: 24.6
During the past 13 years, Qualcomm's highest Return-on-Tangible-Asset was 37.41%. The lowest was -12.66%. And the median was 18.75%.
MEX:QCOM's Return-on-Tangible-Asset is ranked better than 96.29% of 1025
companies
in the Semiconductors industry
Industry Median: 2.63
vs MEX:QCOM: 24.60
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Qualcomm Return-on-Tangible-Asset Related Terms
Qualcomm Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Qualcomm's Return-on-Tangible-Asset 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.
MEX:QCOM vs ADI, MRVL, TXN: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, Qualcomm's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Qualcomm's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Qualcomm's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 75.13% mean?
Qualcomm (MEX:QCOM) has a Return-on-Tangible-Asset of 75.13% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Qualcomm and its competitors. This is 301% above median its historical median of 18.75. According to the industry distribution chart, Qualcomm ranks #38 out of 1025 companies in the Semiconductors industry, placing it in the top 3.7%.
Is Qualcomm's Return-on-Tangible-Asset too high?
Qualcomm's current Return-on-Tangible-Asset of 75.13% is 301% above median its 10-year median of 18.75. The Semiconductors industry median Return-on-Tangible-Asset is 2.63. Qualcomm's value of 75.13% is 2756.7% above this industry median. Based on the distribution chart, Qualcomm ranks #38 out of 1025 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Qualcomm has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Qualcomm's Return-on-Tangible-Asset compare to ADI and MRVL?
According to the Semiconductors industry distribution chart, Qualcomm ranks #38 out of 1025 companies for Return-on-Tangible-Asset. This places Qualcomm in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.63. Qualcomm's value of 75.13% is 2756.7% above this benchmark. While the company's 10-year median is 18.75 vs. the industry median of 2.63, Qualcomm has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.63, based on 1,025 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Qualcomm's current Return-on-Tangible-Asset of 75.13% is 2756.7% above 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Qualcomm and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qualcomm's current Return-on-Tangible-Asset is 75.13%, which is 301% above median its own 10-year median of 18.75. 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 (MEX:QCOM) is currently considered Fairly Valued. The stock's GF Value™ is MXN3,042.39, compared to a current price of MXN3,242.44 — trading 6.6% above its estimated fair value. The current Return-on-Tangible-Asset is 75.13%, which is 301% above median its 10-year median of 18.75 and 2756.7% above the Semiconductors industry median of 2.63. Qualcomm's overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Qualcomm (MEX:QCOM), the current Return-on-Tangible-Asset is 75.13% as of Mar. 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 (MEX:QCOM) Overvalued in 2026?
Based on GuruFocus' analysis, Qualcomm stock appears to be overvalued.
The current stock price of MXN3,242.44 is trading 6.6% above its estimated GF Value™ of MXN3,042.39.
GuruFocus considers Qualcomm to be Fairly Valued.
Key valuation signals for MEX:QCOM:
Return-on-Tangible-Asset: 75.13% (301% above median its 10-year median of 18.75)
GF Value™: MXN3,042.39 vs. price of MXN3,242.44 (6.6% above fair value)
Industry Position: 2756.7% above the Semiconductors median (#38 of 1025)
No single metric tells the full story. See the MEX: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.
79GF Score
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