Qualcomm Inc (QCOM)

Radio & Tv Broadcasting & Communications Equipment

Latest Price

$184.04

TTM P/E

21.01

Normalized P/E

20.19

Div Yield

1.95%

Book Value

26.24

P/B Ratio

7.01

Valuation metrics

EPS: $5.01

Book value / share: $19.74

Formula: √(22.5 × EPS × BVPS)

Graham Number

$47.18

74% downside

Norm. op. income: $9.8B (median of 7yr)

Tax rate: 12%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$75.89

59% downside

Base FCF: $9.8B (median of recent 5yr)

Growth: 14%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$302.83

+65% upside

EPS: $5.01

Target P/E: 20×

Formula: EPS × P/E

P/E Fair Value

$100.20

46% downside

83.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	95.15M	$17.58B	9.00%	-10.86M	2026-06-30
Vanguard Capital Management LLC	68.84M	$12.72B	6.51%	-503.9K	2026-06-30
State Street Corp	52.76M	$9.75B	4.99%	+671.5K	2026-06-30
Invesco Ltd.	36.10M	$6.67B	3.42%	+23.25M	2026-06-30
Vanguard Portfolio Management LLC	33.85M	$6.25B	3.20%	-345.1K	2026-06-30
Geode Capital Management, LLC	29.65M	$5.47B	2.80%	-88.6K	2026-06-30
Charles Schwab Investment Management Inc	22.31M	$4.12B	2.11%	-8.55M	2026-06-30
Sixth Street Partners Management Company, L.P.	22.31M	$4.12B	2.11%	--	2026-06-30
Van Eck Associates Corp	17.20M	$3.18B	1.63%	+3.18M	2026-06-30
Morgan Stanley	17.10M	$3.16B	1.62%	-2.89M	2026-06-30