Broadcom Inc.
AVGO · Nasdaq · CIK 0001730168
SIC 3674
Semiconductors & Related Devices
Category
Electronics
Entity
operating
Incorp.
-
Fiscal Y/E
1101
Source: SEC EDGAR · All filings on SEC →
Investment Indicators
$428.47
-1.53 (-0.36%)
Open
$427.61
High
$433.65
Low
$425.05
Prev Close
$430.00
Volume
12,456,463
52W High
$437.68
52W Low
$204.86
50-day MA
$353.09
Quote as of: 2026-05-11
Market Cap
$2.01T
P/E
82.93
P/B
25.33
PEG
0.93
EPS
5.13
BPS
16.86
Dividend Yield
0.58%
Beta
1.44
ROE
23.64%
ROA
3.45%
D/E Ratio
3.60
Current Ratio
1.71
Gross Margin
207.67%
Operating Margin
122.24%
Net Margin
28.28%
Book Value/Share
$5.26
Intrinsic Value Estimates
Multiple valuation methods, each with its own assumptions — outputs can diverge widely
Median consensus (6 methods)
$72.97B
| Method | Implied market cap | vs current |
|---|---|---|
Graham Number √(22.5 × 순이익 × 자본) | $57.52B | +3402% |
Graham Formula 순이익 × (8.5 + 2 × 성장률%) | — | N/A |
Justified P/E 순이익 × 산업 평균 P/E | $88.42B | +2178% |
P/B 배수 자본 × 산업 평균 P/B | $37.41B | +5284% |
P/S 배수 매출 × 산업 평균 P/S | $41.70B | +4731% |
DCF (Gordon) CF × (1+g) / (r − g) | $239.78B | +740% |
DDM (Gordon) D × (1+g) / (r − g) | $99.27B | +1929% |
▶ Detailed analysis — formula walk-through & scenarios
Why this conclusion
Of the 7 valuation methods, 6 were applicable. Their median fair-value lands +2660.5% below the current market cap → the stock trades above most formulas' estimates (overvalued). 6 methods flag overvalued, 0 flag undervalued, the rest land within fair range. Read each formula's assumptions below before treating any single number as the answer.
Graham Number
Overvalued +3402.2%√(22.5 × 순이익 × 자본)
Current
$2.01T
Implied fair
$57.52B
Gap (current − fair)
+$1.96T(+3402.2%)
NetIncome = $5.89B Equity = $24.94B √(22.5 × $5.89B × $24.94B) = $57.52B
- 최대 PER 15배
- 최대 PBR 1.5배
- 안정적 흑자 기업 가정 (금융·고성장 부정확)
Graham Formula
순이익 × (8.5 + 2 × 성장률%)
Not applicable: -
Justified P/E
Overvalued +2178.0%순이익 × 산업 평균 P/E
Current
$2.01T
Implied fair
$88.42B
Gap (current − fair)
+$1.93T(+2178.0%)
NetIncome = $5.89B Industry P/E = 15× $5.89B × 15 = $88.42B
- 산업 평균 PER 15x 가정 (사용자 정의 가능)
- 동종 업종 비교가 핵심 — 산업별 평균 P/E 사용 권장
P/B 배수
Overvalued +5284.2%자본 × 산업 평균 P/B
Current
$2.01T
Implied fair
$37.41B
Gap (current − fair)
+$1.98T(+5284.2%)
Equity = $24.94B Industry P/B = 1.5× $24.94B × 1.5 = $37.41B
- 산업 평균 PBR 1.5x 가정
- 은행·보험·자산집약적 산업에 특히 유효
P/S 배수
Overvalued +4731.0%매출 × 산업 평균 P/S
Current
$2.01T
Implied fair
$41.70B
Gap (current − fair)
+$1.97T(+4731.0%)
Revenue = $20.85B Industry P/S = 2× $20.85B × 2 = $41.70B
- 산업 평균 PSR 2x 가정
- 매출 기반 — 적자 기업·신생 기업에 적용 가능
- 이익률 차이 무시
DCF (Gordon)
Overvalued +740.1%CF × (1+g) / (r − g)
Current
$2.01T
Implied fair
$239.78B
Gap (current − fair)
+$1.77T(+740.1%)
FCF = $26.91B Discount r = 4.0% + 5.0% = 9.0% Growth g = -2.0% $26.91B × (1 + -2.0%) / (9.0% − -2.0%) = $239.78B
- 현금흐름 입력: FCF (잉여현금흐름)
- 할인율 9.0% (무위험 4.0% + 주식위험프리미엄 5.0%)
- 영구 성장률 -2.0% (실질 GDP 수준)
DDM (Gordon)
Overvalued +1929.2%D × (1+g) / (r − g)
Current
$2.01T
Implied fair
$99.27B
Gap (current − fair)
+$1.92T(+1929.2%)
Dividend D = $11.14B Discount r = 9.0% Growth g = -2.0% $11.14B × (1 + -2.0%) / (9.0% − -2.0%) = $99.27B
- 배당 입력: 실제 지급 배당
- 할인율 9.0%
- 배당 영구 성장률 -2.0%
DCF sensitivity: discount rate × terminal growth
Each cell is the (current vs FCF × (1+g) / (r − g)) discount % under the assumed growth g and discount r.
| g \ r | 7% | 8% | 9% | 10% | 11% |
|---|---|---|---|---|---|
| 1% | +344.6% | +418.7% | +492.8% | +566.9% | +641.0% |
| 2% | +266.9% | +340.3% | +413.6% | +487.0% | +560.4% |
| 3% | +190.7% | +263.3% | +336.0% | +408.6% | +481.3% |
| 4% | +115.9% | +187.9% | +259.8% | +331.8% | +403.7% |
| 5% | +42.6% | +113.8% | +185.1% | +256.4% | +327.7% |
DDM sensitivity: discount rate × dividend growth
Each cell is the discount % vs Dividend × (1+g) / (r − g) under the assumed growth g and discount r.
| g \ r | 7% | 8% | 9% | 10% | 11% |
|---|---|---|---|---|---|
| 1% | +974.0% | +1153.0% | +1332.0% | +1511.0% | +1690.0% |
| 2% | +786.2% | +963.4% | +1140.7% | +1317.9% | +1495.2% |
| 3% | +602.1% | +777.6% | +953.1% | +1128.6% | +1304.2% |
| 4% | +421.5% | +595.3% | +769.2% | +943.0% | +1116.8% |
| 5% | +244.4% | +416.5% | +588.7% | +760.9% | +933.1% |
All estimates rest on strong assumptions. Treat the spread, not any single number, as the signal.
Financial Statements
In USD millions (per-share figures shown directly) · Financials as of: 2025-12-18
Income Statement
| FY | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Cost of Revenue | 20,593 | 19,065 | 11,129 | 11,108 | 10,606 |
| Gross Profit | 43,294 | 32,509 | 24,690 | 22,095 | 16,844 |
| Operating Expenses | 17,810 | 19,046 | 8,483 | 7,870 | 8,325 |
| Operating Income | 25,484 | 13,463 | 16,207 | 14,225 | 8,519 |
| Net Income | — | 5,895 | — | — | — |
| EPS (Basic) | 4.91 | 1.27 | 33.93 | 27.44 | 15.70 |
| EPS (Diluted) | 4.77 | 1.23 | 32.98 | 26.53 | 15.00 |
Balance Sheet
| FY | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total Assets | 171,092 | 165,645 | 72,861 | 73,249 | 75,570 |
| Current Assets | 31,573 | 19,595 | 20,847 | 18,504 | 16,586 |
| Cash & Equivalents | 16,178 | 9,348 | 14,189 | 12,416 | 12,163 |
| Total Liabilities | 89,800 | 97,967 | 48,873 | 50,540 | 50,581 |
| Current Liabilities | 18,514 | 16,697 | 7,405 | 7,052 | 6,281 |
| Long-term Debt | — | — | — | — | 39,665 |
Cash Flow
| FY | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating CF | 27,537 | 19,962 | 18,085 | 16,736 | 13,764 |
| Investing CF | -580 | -23,070 | -689 | -667 | -245 |
| Financing CF | -20,127 | -1,733 | -15,623 | -15,816 | -8,974 |
| CapEx | 623 | 548 | 452 | 424 | 443 |
| Dividends Paid | 11,142 | 9,814 | 7,645 | 7,032 | 6,212 |
📄 SEC Filings
Current Report
8-K
2026-04-21
Open →
Current Report
8-K
2026-04-06
Open →
Current Report
8-K
2026-04-02
Open →
Quarterly Report
10-Q
2026-03-11
Open →
Current Report
8-K
2026-03-04
Open →
Proxy Statement
DEF 14A
2026-03-02
Open →
Current Report
8-K
2026-03-02
Open →
Current Report
8-K
2026-01-13
Open →
Annual Report
10-K
2025-12-18
Open →
Current Report
8-K
2025-12-11
Open →
Current Report
8-K
2025-09-29
Open →
Other filings (89)
SCHEDULE 13G
xslSCHEDULE_13G_X02/primary_doc.xml
2026-04-29
Open →
144/A
xsl144X01/primary_doc.xml
2026-04-29
Open →
144/A
xsl144X01/primary_doc.xml
2026-04-29
Open →
Insider Transaction
OWNERSHIP DOCUMENT
2026-04-23
Open →
Insider Transaction
FORM 4
2026-04-22
Open →
Insider Transaction
FORM 4
2026-04-22
Open →
Insider Transaction
FORM 4
2026-04-22
Open →
Insider Transaction
FORM 4
2026-04-22
Open →
Insider Transaction
FORM 4
2026-04-22
Open →
Insider Transaction
4
2026-04-22
Open →
Insider Transaction
FORM 4
2026-04-14
Open →
Insider Transaction
FORM 4
2026-04-13
Open →
Insider Transaction
FORM 4
2026-04-10
Open →
Insider Transaction
FORM 4
2026-04-10
Open →
Insider Transaction
FORM 4
2026-04-10
Open →
Insider Transaction
FORM 4
2026-04-10
Open →
144
xsl144X01/primary_doc.xml
2026-04-10
Open →
144
xsl144X01/primary_doc.xml
2026-04-09
Open →
144
xsl144X01/primary_doc.xml
2026-04-08
Open →
144
xsl144X01/primary_doc.xml
2026-04-08
Open →
144
xsl144X01/primary_doc.xml
2026-04-08
Open →
Insider Transaction
OWNERSHIP DOCUMENT
2026-03-27
Open →
SCHEDULE 13G/A
xslSCHEDULE_13G_X02/primary_doc.xml
2026-03-26
Open →
144
xsl144X01/primary_doc.xml
2026-03-25
Open →
144
xsl144X01/primary_doc.xml
2026-03-25
Open →
144
xsl144X01/primary_doc.xml
2026-03-25
Open →
144
xsl144X01/primary_doc.xml
2026-03-25
Open →
Insider Transaction
FORM 4
2026-03-18
Open →
Insider Transaction
FORM 4
2026-03-18
Open →
Insider Transaction
FORM 4
2026-03-18
Open →
Insider Transaction
FORM 4
2026-03-18
Open →
144
xsl144X01/primary_doc.xml
2026-03-17
Open →
144
xsl144X01/primary_doc.xml
2026-03-17
Open →
144
xsl144X01/primary_doc.xml
2026-03-17
Open →
144
xsl144X01/primary_doc.xml
2026-03-17
Open →
144
xsl144X01/primary_doc.xml
2026-03-16
Open →
144
xsl144X01/primary_doc.xml
2026-03-16
Open →
144
xsl144X01/primary_doc.xml
2026-03-16
Open →
144
xsl144X01/primary_doc.xml
2026-03-16
Open →
Insider Transaction
FORM 4
2026-03-04
Open →
Insider Transaction
FORM 4
2026-03-04
Open →
Insider Transaction
FORM 4
2026-03-04
Open →
Insider Transaction
FORM 4
2026-03-04
Open →
ARS
ARS
2026-03-02
Open →
DEFA14A
DEFA14A
2026-03-02
Open →
3
FORM 3
2026-01-09
Open →
Insider Transaction
FORM 4
2026-01-08
Open →
Insider Transaction
FORM 4
2026-01-08
Open →
424B2
424B2
2026-01-08
Open →
FWP
FWP
2026-01-07
Open →
144
xsl144X01/primary_doc.xml
2026-01-06
Open →
144
xsl144X01/primary_doc.xml
2026-01-06
Open →
424B5
424B5
2026-01-06
Open →
Insider Transaction
FORM 4
2026-01-05
Open →
144
xsl144X01/primary_doc.xml
2025-12-31
Open →
Insider Transaction
FORM 4
2025-12-30
Open →
Insider Transaction
FORM 4
2025-12-29
Open →
144
xsl144X01/primary_doc.xml
2025-12-29
Open →
144
xsl144X01/primary_doc.xml
2025-12-23
Open →
Insider Transaction
FORM 4
2025-12-22
Open →
Insider Transaction
FORM 4
2025-12-22
Open →
Insider Transaction
FORM 4
2025-12-19
Open →
Insider Transaction
FORM 4
2025-12-18
Open →
Insider Transaction
FORM 4
2025-12-18
Open →
Insider Transaction
FORM 4
2025-12-18
Open →
Insider Transaction
FORM 4
2025-12-17
Open →
144
xsl144X01/primary_doc.xml
2025-12-17
Open →
144
xsl144X01/primary_doc.xml
2025-12-17
Open →
144
xsl144X01/primary_doc.xml
2025-12-17
Open →
144
xsl144X01/primary_doc.xml
2025-12-16
Open →
144
xsl144X01/primary_doc.xml
2025-12-16
Open →
144
xsl144X01/primary_doc.xml
2025-12-16
Open →
144
xsl144X01/primary_doc.xml
2025-12-15
Open →
144/A
xsl144X01/primary_doc.xml
2025-12-10
Open →
Insider Transaction
OWNERSHIP DOCUMENT
2025-12-09
Open →
144
xsl144X01/primary_doc.xml
2025-12-09
Open →
144
xsl144X01/primary_doc.xml
2025-12-08
Open →
Insider Transaction
FORM 4
2025-11-18
Open →
144
xsl144X01/primary_doc.xml
2025-11-14
Open →
Insider Transaction
FORM 4
2025-10-16
Open →
144
xsl144X01/primary_doc.xml
2025-10-14
Open →
Insider Transaction
OWNERSHIP DOCUMENT
2025-09-26
Open →
144/A
xsl144X01/primary_doc.xml
2025-09-25
Open →
144
xsl144X01/primary_doc.xml
2025-09-25
Open →
Insider Transaction
FORM 4
2025-09-25
Open →
144
xsl144X01/primary_doc.xml
2025-09-24
Open →
424B2
424B2
2025-09-24
Open →
144
xsl144X01/primary_doc.xml
2025-09-23
Open →
FWP
FWP
2025-09-23
Open →