Qualcomm (WBO:QCOM) Shiller PE Ratio: (As of Sep. 21, 2026)

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Director of Data and Quant Analytics at GuruFocus
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WBO:QCOM Qualcomm Inc WBO:QCOM
90 GF Score
Price €156.76
GF Value €155.69
Valuation Fairly Valued
! 3 Warning Signs
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What is Qualcomm Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Qualcomm  (WBO:QCOM) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Qualcomm Shiller PE Ratio Related Terms


Qualcomm Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Qualcomm's Shiller 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 Shiller PE Ratio Chart

Qualcomm Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.71 29.62 24.23 31.39 27.90

Qualcomm Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE 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 24.79 27.43 28.12 18.81 27.33

WBO:QCOM vs ADI, MRVL, TXN: Shiller PE Ratio 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.


WBO:QCOM
90GF Score
Qualcomm Inc WBO:QCOM
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Qualcomm Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio 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 E10 for the quarter that ended in Jun. 2026 is calculated as:

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)
=1.6107/333.9520*333.9520
=1.611

Current CPI (Jun. 2026) = 333.9520.

Qualcomm Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.959 241.428 1.326
201612 0.427 241.432 0.590
201703 0.469 243.801 0.643
201706 0.527 244.955 0.719
201709 0.094 246.819 0.127
201712 -3.440 246.524 -4.660
201803 0.179 249.554 0.240
201806 0.680 251.989 0.901
201809 -0.311 252.439 -0.412
201812 0.762 251.233 1.013
201903 0.484 254.202 0.636
201906 1.557 256.143 2.030
201909 0.376 256.759 0.489
201912 0.721 256.974 0.937
202003 0.369 258.115 0.478
202006 0.674 257.797 0.873
202009 2.207 260.280 2.832
202012 1.781 260.474 2.284
202103 1.271 264.877 1.602
202106 1.470 271.696 1.806
202109 2.075 274.310 2.526
202112 2.604 278.802 3.119
202203 2.294 287.504 2.665
202206 3.086 296.311 3.478
202209 2.517 296.808 2.832
202212 1.939 296.797 2.181
202303 1.414 301.836 1.565
202306 1.474 305.109 1.613
202309 1.217 307.789 1.320
202312 2.284 306.746 2.486
202403 1.897 312.332 2.028
202406 1.744 314.175 1.854
202409 2.354 315.301 2.494
202412 2.657 315.605 2.811
202503 2.396 319.799 2.502
202506 2.140 322.561 2.216
202509 -2.474 324.800 -2.544
202512 2.392 324.054 2.465
202603 5.876 330.213 5.943
202606 1.611 333.952 1.611

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

Is Qualcomm (WBO:QCOM) Overvalued in 2026?

Based on GuruFocus' analysis, Qualcomm stock appears to be overvalued. The current stock price of €156.76 is trading 0.7% above its estimated GF Value™ of €155.69. GuruFocus considers Qualcomm to be Fairly Valued.

Key valuation signals for WBO:QCOM:

  • Shiller PE Ratio:
  • GF Value™: €155.69 vs. price of €156.76 (0.7% above fair value)
  • GF Score™: 90/100 with 3 warning signs

No single metric tells the full story. See the WBO:QCOM 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 WBO:QCOM

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

€156.76
Price
€155.69
GF Value