Valuation
26% of the score
34median 37
Qualcomm is valued at 23.8x its operating profit, including debt: a rich multiple.
40x
30x
20x
15x
10x
6x
23.8x
Full points at 6x or less, none from 40xfull points
QCOMQualcomm
$187.46+19% 1Y
$187.46
$123.6152 weeks$250.10
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 71 out of 100, Above average
Today's price. Only valuation depends on it.
Above average. Qualcomm scores higher than 83% of the 1,794 companies Ryufin scores.
Carried by return on capital and capital allocation, held back by valuation.
Technology median 47 · all companies 53
How the score has moved
At each fiscal year end, from the reports and price of the time68
83
86
88
75
76
71
202020212022202320242025today
The biggest move was up 15 points from 2020 to 2021, mostly return on new capital.
Return on capital
18% of the score
100median 34
Over 7 years the business earned 35% a year after tax on the capital it uses.
2%
8%
15%
25%
35%
None at 2% or less, full points from 25%full points
7 years agolatest 25%
Return on new capital
16% of the score
51median 49
For every dollar of operating profit earned over 6 years, yearly profit grew by 4 cents. New capital earned 13%, and 28% of profit went back into the business.
-5%
12%
3.7%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
83median 64
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countDown 0.8% a year over 5 years: buybacks
725%
-3%
-0.8%
0 pointsfull points
Assets against salesAssets grew 7.1% a year, sales 13%
10012%
-2%
-6.4%
0 pointsfull points
Cycle position
12% of the score
83median 62
Today's operating margin of 23% is 0.85x its normal 27%: below its usual level, with room to recover. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
0.8x
A trough earns points, a peak costs themfull points
10 years agonow 23%
Balance sheet
8% of the score
100median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDA0.4x a year of EBITDA
1004.5x
0.5x
0.4x
0 pointsfull points
Interest coverOperating profit covers interest 15x
1001.5x
12x
14.8x
0 pointsfull points
Earnings quality
6% of the score
100median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 1.64x profit over 3 years
1000.7x
1x
1.3x
1.6x
0 pointsfull points
AccrualsCash ran ahead of profit by 16.1% of assets
1008%
0%
-8%
-16%
0 pointsfull points
Beneish M-score-3.16
100-1.50
-1.78
-2.22
-3.00
-3.16
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-28, latest annual report FY2025.
On our screens:Quality at a reasonable price
Semiconductors
The closest names by size in the same industry