Using the PEG framework with analyst consensus forward EPS growth of 25.0% plus 2.7% dividend yield, QUALCOMM Incorporated has a fair value of $279.17 based on NTM EPS (FY2026) of $11.17. The current PEG ratio is 0.36.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
Growth above 25% is capped — hypergrowth may not be sustainable long-term.
| EPS Growth RateForward | 29.5% |
| Dividend Yield | +2.7% |
| Adjusted Growth (clamped 8–25%)Clamped | 25.0% |
| Fair P/E | 25.0x |
| NTM EPS (FY2026) | $11.17 |
| Fair Value | $279.17 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $5.01 | — | — |
| FY2026E | $11.17 | +122.9% | 22 |
| FY2027E | $11.20 | +0.3% | 23 |
| FY2028E | $12.26 | +9.5% | 9 |
| FY2029E | $14.10 | +15.0% | 5 |
4Y Forward EPS CAGR: 29.5%
| Year | Net Income | EPS | YoY |
|---|
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.
| FY2021 | $9.0B | $7.87 | — |
| FY2022 | $12.9B | $11.38 | +44.6% |
| FY2023 | $7.2B | $6.42 | -43.6% |
| FY2024 | $10.1B | $8.98 | +39.9% |
| FY2025 | $5.5B | $5.01 | -44.2% |
4Y Historical EPS CAGR: -10.7%