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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 ₴83.381. 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 (2024-06-09), 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)
=83.381/131.7762*131.7762
=83.381

Current CPI (Mar. 2024) = 131.7762.

Qualcomm Quarterly Data

per share eps CPI Adj_EPS
201406 53.024 100.560 69.484
201409 45.333 100.428 59.484
201412 47.357 99.070 62.991
201503 25.500 99.621 33.731
201506 29.548 100.684 38.673
201509 27.119 100.392 35.597
201512 40.072 99.792 52.915
201603 31.571 100.470 41.408
201606 39.262 101.688 50.879
201609 43.310 101.861 56.030
201612 18.619 101.863 24.087
201703 20.238 102.862 25.927
201706 23.476 103.349 29.933
201709 4.452 104.136 5.634
201712 -163.929 104.011 -207.689
201803 8.905 105.290 11.145
201806 32.786 106.317 40.637
201809 -14.167 106.507 -17.528
201812 35.214 105.998 43.778
201903 22.262 107.251 27.353
201906 70.833 108.070 86.371
201909 17.000 108.329 20.679
201912 32.381 108.420 39.357
202003 16.595 108.902 20.081
202006 29.952 108.767 36.288
202009 104.429 109.815 125.313
202012 85.810 109.897 102.894
202103 61.929 111.754 73.024
202106 71.643 114.631 82.358
202109 99.167 115.734 112.913
202112 120.619 117.630 135.125
202203 104.024 121.301 113.007
202206 133.167 125.017 140.367
202209 102.405 125.227 107.761
202212 80.143 125.222 84.338
202303 61.524 127.348 63.663
202306 64.762 128.729 66.295
202309 53.429 129.860 54.218
202312 99.572 129.419 101.385
202403 83.381 131.776 83.381

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.