Is QUALCOMM, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for QUALCOMM, Inc. has moved from attractive to very attractive, indicating a strong improvement in its valuation outlook. The company appears to be undervalued, supported by a P/E ratio of 15, a PEG ratio of 0.62, and an EV to EBITDA ratio of 12.31, all of which suggest that the stock is trading at a discount relative to its earnings growth potential. In comparison, NVIDIA Corp. has a significantly higher P/E ratio of 47.72, while Broadcom Inc. is considered expensive with a P/E of 82.00.
Despite some recent volatility, QUALCOMM's stock has outperformed the S&P 500 over the past week with a return of 6.42% compared to the index's 1.70%. However, over longer periods, such as the past year and five years, the company has lagged behind the S&P 500, with returns of -4.47% and 26.68%, respectively. This mixed performance underscores the potential for value appreciation as the market recognizes QUALCOMM's strong fundamentals.