Broadcom or QUALCOMM: which stock is cheaper in 2026?
As of October 5, 2026, Broadcom (AVGO) trades at 45.4× earnings (P/E) and QUALCOMM (QCOM) at 21.1×, according to Kaplio. The median across the 250 technology companies above $2bn in Kaplio's universe is 35.1×. Kaplio's verdict: Broadcom, expensive; QUALCOMM, fairly priced. Value range by multiples: $275 for Broadcom and $166–$308 for QUALCOMM. Against its own value range, QUALCOMM is the cheaper of the two today.
According to the Kaplio Summary
The same verdict as each company's page: price range by multiples, the four lights, the expected return if consensus is right and what Buffett and Lynch would say today.
| Broadcom (AVGO) | QUALCOMM (QCOM) | |
|---|---|---|
| Summary valuation | expensive ($275) | fairly priced ($166–$308) |
| The four lights | Valuation: P/E 45.4× (expensive) Business: ROIC 24 % (solid) Balance sheet: Net debt/EBITDA 1.4× (solid) Results: 8 of 8 (on track) | Valuation: P/E 21.1× (fairly priced) Business: ROIC 17 % (solid) Balance sheet: Net debt/EBITDA 0.6× (solid) Results: 7 of 8 (on track) |
| Expected return (per year) | — | +23.8 % a year (to 2029) |
| Buffett method | quality 70 · would not approve | quality 78 · would not approve |
| Lynch method | outside his circle | outside his circle |
Metrics side by side
| Metric | Broadcom (AVGO) | QUALCOMM (QCOM) |
|---|---|---|
| Overview | ||
| Market Cap | $1.7T | $194B |
| Price | $355.14 | $184.87 |
| Valuation | ||
| P/E | 45.4× | 21.1× |
| P/B | 17.3× | 6.9× |
| P/S | 19.4× | 4.3× |
| EV/EBITDA | 33.0× | 15.2× |
| FCF Yield | 2.3 % | 5.4 % |
| Dividend Yield | 0.7 % | 2.0 % |
| Profitability | ||
| ROIC | 24.0 % | 17.0 % |
| ROE | 43.9 % | 37.3 % |
| Gross Margin | 67.7 % | 54.2 % |
| Operating Margin | 48.3 % | 23.2 % |
| Net Margin | 42.9 % | 21.0 % |
| Growth | ||
| Revenue 5Y CAGR | 21.7 % | 13.5 % |
| EPS 5Y CAGR | 49.4 % | 2.0 % |
| FCF 5Y CAGR | 18.3 % | 23.8 % |
| Balance Sheet | ||
| Net Debt / EBITDA | 1.4× | 0.6× |
| Debt / Equity | 0.6× | 0.6× |
Trailing twelve months where available; otherwise the latest fiscal year. Growth: five-year compound annual rate.