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STOCK COMPARISON

Nvidia vs Qualcomm: Fair Value & Quality

Both stocks run through our valuation models. Here is how Nvidia (NVDA) and Qualcomm (QCOM) compare, as of Oct 30, 2026.

As of Oct 30, 2026, Fair Value Calculator sees Qualcomm as the more attractively valued of the two: Nvidia trades at $205 versus a fair value of $199 (−3.0%), while Qualcomm trades at $165 versus $181 (+10.0%).
Nvidia
NVDA · USD · Information Technology
−3.0%
upside to fair value
fairly valued
Price$205
Fair Value$199
Quality73/100
Fair ValueQualityUptrend
Qualcomm
QCOM · USD · Information Technology
+10.0%
upside to fair value
undervalued
Price$165
Fair Value$181
Quality84/100
Fair ValueQualityUptrend
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

NvidiaQualcomm
Valuation
25.9×P/E (TTM)19.1×
42.9×P/E ex one-offs14.7×
12.9×Forward P/E (FY2028)n/a
n/aMedian P/E at FY-end (10 FY, ex one-offs where documented)18.5×
16.56×P/S (TTM)4.00×
31.89×P/B8.31×
24.9×EV/EBITDA15.3×
0.48×PEG0.88×
−3.0%Fair value upside+10.0%
0.1%Dividend yield2.2%
$0.28Dividend per share$3.59
Profitability
66.2%Operating margin18.5%
2.22×EBIT margin trend (5Y)1.05×
117.2%Return on equity33.8%
58.1%Return on assets11.1%
Growth
105.9%Revenue growth (YoY)-4.0%
100.0%Avg. growth/yr (3Y)0.1%
66.9%Avg. growth/yr (5Y)13.5%
+97.0%Value creation/yr+17.8%
Balance & size
503.4×Interest coverage (EBIT/interest)18.6×
0.05×Debt / equity0.70×
$5.0TMarket cap$176B
healthyGrowth qualityhealthy
The P/E excluding one-off items is scored: for at least one of the two companies, special items (write-downs, restructuring, litigation) move the reported P/E by 15 % or more. The trailing P/E is shown for reference.
Qualcomm, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 5 of the years ex one-offs: 18.5.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Nvidia leads: 9 to 6 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Nvidia Qualcomm
ProfitabilityHow much profit the company makes from its sales and capital
96
73
Quality GrowthAre margins and returns getting better?
34
53
CashflowDo the profits arrive as real cash?
81
99
Financial strengthDebt, balance sheet and risk of trouble
83
75
InvestmentDoes it invest with discipline instead of growing at any price?
32
88
Low VolatilityHow calm the share price moves, does not count
25
12
Price momentumPrice momentum of the last 3 to 12 months, does not count
45
43
Near the 52-week highDistance to the 52-week high, does not count
43
30
New sharesBuys back shares or issues new ones?
91
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyNvidiaPrice $205QualcommPrice $165
DCF Models−42.1%below the price$119+13.6%close to the price$187
Earnings-Based−27.5%below the price$148−61.2%below the price$63.88
Dividend Discount−99.7%below the price$0.55−70.1%below the price$49.30
Multiples−63.7%below the price$74.23−12.7%close to the price$144
Asset-Based−98.5%below the price$3.15−96.7%below the price$5.46
Growth DCF−60.0%below the price$81.80+20.1%above the price$198
Economic Profit−77.1%below the price$46.90−70.9%below the price$47.98
Growth Earnings0%close to the price$205−28.1%below the price$118
Matching families8 of 8
Minimum−99.7%below the price$0.55−96.7%below the price$5.46
Maximum0%close to the price$205+20.1%above the price$198
Median−61.9%below the price$78.02−44.7%below the price$91.15
Geometric mean−83.4%below the price$33.94−58.1%below the price$69.11
Ahead family by family2 of 86 of 8

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 8 of 8), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: Qualcomm is ahead in 6 of 8 shared families, Nvidia in 2.

Nvidia: 24 of 26 models see the stock below the current price.

Qualcomm: 14 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Nvidia
Price $205
Fair Value $199
Bear $130Bull $299
Qualcomm
Price $165
Fair Value $181
Bear $136Bull $227

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Nvidia · Information Technology

Quality score73 · Top 25%
Fair value upside−3.0% · above median

Qualcomm · Information Technology

Quality score84 · Top 25%
Fair value upside+10.0% · above median

Bottom line

As of Oct 30, 2026, Fair Value Calculator sees Qualcomm as the more attractively valued of the two: Nvidia trades at $205 versus a fair value of $199 (−3.0%), while Qualcomm trades at $165 versus $181 (+10.0%).

Qualcomm has the higher quality score (84/100).

Open Qualcomm live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.