The latest data point for QCOM's P/S Ratio, recorded in Q2'26, stands at 12.78, marking a substantial increase from the previous quarter's value of 3.54 in Q1'26 and reflecting heightened market valuation relative to sales. Over the period from Q3'23 to Q2'26, the P/S Ratio exhibited an overall upward trend with periods of volatility, starting at 3.74 and peaking at 12.78 in the most recent quarter after reaching a high of 5.40 in Q3'24. Notable growth occurred between Q1'24 and Q3'24, with the ratio rising from 4.57 to 5.40, followed by a decline to 3.86 in Q2'25 before stabilizing around 3.5-4.3 through Q4'25, and then surging dramatically in Q2'26, indicating potential shifts in investor sentiment or revenue expectations. This area chart highlights increasing valuation multiples, though the sharp Q2'26 jump warrants monitoring for sustainability.