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Qualcomm (UKEX:QCOM) E10 : ₴165.48 (As of Mar. 2024)


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What is Qualcomm E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Qualcomm's adjusted earnings per share data for the three months ended in Mar. 2024 was ₴82.583. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₴165.48 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Qualcomm's average E10 Growth Rate was 8.00% per year. During the past 3 years, the average E10 Growth Rate was 18.20% per year. During the past 5 years, the average E10 Growth Rate was 16.30% per year. During the past 10 years, the average E10 Growth Rate was 7.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Qualcomm was 80.00% per year. The lowest was -3.10% per year. And the median was 18.15% per year.

As of today (2024-06-06), Qualcomm's current stock price is ₴5316.00. Qualcomm's E10 for the quarter that ended in Mar. 2024 was ₴165.48. Qualcomm's Shiller PE Ratio of today is 32.12.

During the past 13 years, the highest Shiller PE Ratio of Qualcomm was 51.68. The lowest was 15.78. And the median was 26.83.


Qualcomm E10 Historical Data

The historical data trend for Qualcomm's E10 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.

* Premium members only.

Qualcomm E10 Chart

Qualcomm Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 222.56 241.24

Qualcomm Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
E10 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 203.34 222.39 241.24 188.19 165.48

Competitive Comparison of Qualcomm's E10

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's Shiller PE Ratio Distribution in the 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.



Qualcomm E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get 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.

For example, Qualcomm's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=82.583/131.7762*131.7762
=82.583

Current CPI (Mar. 2024) = 131.7762.

Qualcomm Quarterly Data

per share eps CPI Adj_EPS
201406 52.517 100.560 68.820
201409 44.900 100.428 58.915
201412 46.904 99.070 62.389
201503 25.256 99.621 33.408
201506 29.265 100.684 38.302
201509 26.860 100.392 35.257
201512 39.688 99.792 52.408
201603 31.269 100.470 41.012
201606 38.886 101.688 50.392
201609 42.895 101.861 55.493
201612 18.441 101.863 23.856
201703 20.044 102.862 25.678
201706 23.252 103.349 29.648
201709 4.410 104.136 5.581
201712 -162.360 104.011 -205.701
201803 8.820 105.290 11.039
201806 32.472 106.317 40.248
201809 -14.031 106.507 -17.360
201812 34.877 105.998 43.359
201903 22.049 107.251 27.091
201906 70.156 108.070 85.546
201909 16.837 108.329 20.481
201912 32.071 108.420 38.980
202003 16.436 108.902 19.888
202006 29.666 108.767 35.942
202009 103.430 109.815 124.114
202012 84.989 109.897 101.909
202103 61.336 111.754 72.325
202106 70.957 114.631 81.570
202109 98.218 115.734 111.832
202112 119.465 117.630 133.832
202203 103.029 121.301 111.926
202206 131.893 125.017 139.024
202209 101.425 125.227 106.730
202212 79.376 125.222 83.531
202303 60.935 127.348 63.054
202306 64.142 128.729 65.660
202309 52.917 129.860 53.698
202312 98.619 129.419 100.415
202403 82.583 131.776 82.583

Add all the adjusted EPS together and divide 10 will get our e10.


Qualcomm  (UKEX:QCOM) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, 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 P/E is also called PE10.

The Shiller P/E 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 Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5316.00/165.48
=32.12

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Qualcomm was 51.68. The lowest was 15.78. And the median was 26.83.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Qualcomm E10 Related Terms

Thank you for viewing the detailed overview of Qualcomm's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Qualcomm (UKEX:QCOM) 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.

Qualcomm (UKEX:QCOM) Headlines