QUALCOMM Incorporated

SWX:QCOM Stock Report

Market Cap: CHF 113.5b

QUALCOMM Valuation

Is QCOM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of QCOM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: QCOM (CHF106.86) is trading below our estimate of future cash flow value (CHF136.02)

Significantly Below Future Cash Flow Value: QCOM is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for QCOM?

Key metric: As QCOM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for QCOM. This is calculated by dividing QCOM's market cap by their current earnings.
What is QCOM's PE Ratio?
PE Ratio27.5x
EarningsUS$5.37b
Market CapUS$147.75b

Price to Earnings Ratio vs Peers

How does QCOM's PE Ratio compare to its peers?

The above table shows the PE ratio for QCOM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average76.9x
ADI Analog Devices
72.6x19.63%US$161.9b
ARM Arm Holdings
166.1x31.90%US$129.8b
TXN Texas Instruments
40.7x14.10%US$202.4b
2454 MediaTek
28.1x16.03%NT$3.0t
QCOM QUALCOMM
27.5x18.08%CHF 147.7b

Price-To-Earnings vs Peers: QCOM is good value based on its Price-To-Earnings Ratio (27.5x) compared to the peer average (75.6x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does QCOM's PE Ratio compare vs other companies in the European Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
QCOM 27.5xIndustry Avg. 42.0xNo. of Companies3PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: QCOM is good value based on its Price-To-Earnings Ratio (27.5x) compared to the European Semiconductor industry average (42x).

Price to Earnings Ratio vs Fair Ratio

What is QCOM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

QCOM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate QCOM's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst QCOM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 106.86
CHF 123.53
+15.60%
14.04%CHF 154.30CHF 101.84n/a27
Feb ’27n/a
CHF 145.98
0%
10.32%CHF 173.93CHF 121.36n/a26
Jan ’27n/a
CHF 153.19
0%
8.78%CHF 178.22CHF 124.36n/a25
Dec ’26n/a
CHF 154.92
0%
9.42%CHF 181.73CHF 126.81n/a25
Nov ’26n/a
CHF 144.88
0%
10.54%CHF 181.05CHF 112.65n/a27
Oct ’26n/a
CHF 141.97
0%
11.27%CHF 180.01CHF 112.01n/a27
Sep ’26n/a
CHF 142.70
0%
11.05%CHF 180.77CHF 112.48n/a28
Aug ’26n/a
CHF 142.50
0%
11.51%CHF 182.76CHF 113.72n/a28
Jul ’26n/a
CHF 139.69
0%
12.76%CHF 183.71CHF 114.31n/a30
Jun ’26n/a
CHF 142.00
0%
14.53%CHF 201.57CHF 115.18n/a30
May ’26n/a
CHF 149.49
0%
15.17%CHF 203.25CHF 116.14n/a30
Apr ’26n/a
CHF 174.95
0%
12.87%CHF 220.97CHF 141.42n/a29
Mar ’26n/a
CHF 178.54
0%
12.11%CHF 224.30CHF 143.55n/a30
Feb ’26n/a
CHF 184.24
0%
13.97%CHF 245.53CHF 145.50n/a31
Jan ’26n/a
CHF 183.96
0%
14.20%CHF 242.64CHF 143.79n/a31
Dec ’25n/a
CHF 185.43
0%
13.90%CHF 239.49CHF 141.92n/a30
Nov ’25n/a
CHF 182.86
0%
14.27%CHF 233.52CHF 138.38n/a29
Oct ’25n/a
CHF 183.86
0%
12.71%CHF 228.64CHF 143.96n/a29
Sep ’25n/a
CHF 183.30
0%
12.70%CHF 227.22CHF 143.07n/a29
Aug ’25n/a
CHF 190.34
0%
12.44%CHF 235.88CHF 144.15n/a30
Jul ’25CHF 145.00
CHF 180.42
+24.43%
15.94%CHF 242.55CHF 125.77n/a30
Jun ’25CHF 145.00
CHF 174.89
+20.61%
14.58%CHF 230.07CHF 126.31n/a30
May ’25CHF 145.00
CHF 159.55
+10.03%
14.09%CHF 232.17CHF 109.26n/a32
Apr ’25CHF 145.00
CHF 144.02
-0.68%
9.58%CHF 175.50CHF 105.30n/a29
Mar ’25CHF 145.00
CHF 143.30
-1.17%
8.07%CHF 159.74CHF 106.49n/a29
Feb ’25CHF 145.00
CHF 137.15
-5.41%
8.55%CHF 154.39CHF 102.93n/a27
CHF 123.56
Fair Value
13.5% undervalued intrinsic discount
27
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/13 21:36
End of Day Share Price 2026/02/13 00:00
Earnings2025/12/28
Annual Earnings2025/09/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

QUALCOMM Incorporated is covered by 72 analysts. 31 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
S. H. LinAletheia Analyst Network Limited
Warren LauAletheia Analyst Network Limited
Stefan ChangAletheia Analyst Network Limited