Is QUALCOMM, Inc. overvalued or undervalued?

As of 6 November 2024, QUALCOMM, Inc. has moved from an attractive to a very attractive valuation grade. The company is currently considered undervalued. Key ratios include a P/E ratio of 15, a PEG ratio of 0.62, and a return on equity (ROE) of 40.31%.
In comparison to its peers, QUALCOMM's P/E ratio is significantly lower than NVIDIA Corp., which stands at 46.24, and Broadcom Inc. at 81.42, both of which are considered expensive. Additionally, QUALCOMM's EV to EBITDA ratio of 12.31 further supports its undervaluation relative to the industry. While QUALCOMM's recent stock performance has lagged behind the S&P 500 over the past year, its strong financial metrics suggest that it remains a compelling investment opportunity.