D-Wave Quantum Inc. (QBTS) Stock Analysis — PE Ratio, PS Ratio, Intrinsic Value & 2030 Price Target
D-Wave Quantum Inc. stock (QBTS) is currently trading at $16.19. D-Wave Quantum Inc. PS ratio (Price-to-Sales) is 239.67. Analyst consensus price target for QBTS is $37.40. WallStSmart rates QBTS as Sell.
- QBTS PE ratio analysis and historical PE chart
- QBTS PS ratio (Price-to-Sales) history and trend
- QBTS intrinsic value — DCF, Graham Number, EPV models
- QBTS stock price prediction 2025 2026 2027 2028 2029 2030
- QBTS fair value vs current price
- QBTS insider transactions and insider buying
- Is QBTS undervalued or overvalued?
- D-Wave Quantum Inc. financial analysis — revenue, earnings, cash flow
- QBTS Piotroski F-Score and Altman Z-Score
- QBTS analyst price target and Smart Rating
D-Wave Quantum Inc.
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Smart Analysis
D-Wave Quantum Inc. (QBTS) · 7 metrics scored
Smart Score
Category Performance
WallStSmart pulls financial metrics like revenue growth, profit margins, and valuation ratios and scores each one from 0 to 10 based on how strong or weak it is. Those 10 scores are grouped into 4 categories: Growth, Profitability, Valuation, and Quality — which form the 4 axes of the spider chart you see. The categories are then combined into a final score out of 100, but not equally. Growth and Profitability together count for 60% of the total, because a fast-growing profitable business matters more than just a cheap one. That final number maps to a rating (Strong Buy, Buy, Hold, Avoid) and a letter grade, giving you one clear Stock Rating.
Investment Thesis
Concerns around return on equity and operating margin. Significant fundamental concerns warrant caution or avoidance.
D-Wave Quantum Inc. (QBTS) Key Strengths (1)
Mid-cap company balancing growth potential with stability
Supporting Valuation Data
D-Wave Quantum Inc. (QBTS) Areas to Watch (6)
Company is destroying shareholder value
Losing money on operations
Very expensive at 239.7x annual revenue
Very expensive at 6.8x book value
Solid revenue growth at 19.20% per year
Moderate institutional interest at 45.84%
Supporting Valuation Data
D-Wave Quantum Inc. (QBTS) Detailed Analysis Report
Overall Assessment
This company scores 21/100 in our Smart Analysis, earning a F grade. Out of 7 metrics analyzed, 1 register as strengths (avg 7.0/10) while 6 fall into concern territory (avg 2.7/10). The category breakdown reveals uneven performance, with some areas requiring attention.
The Bull Case
The strongest argument centers on Market Cap.
The Bear Case
The primary concerns are Return on Equity, Operating Margin, Price/Sales. Some valuation metrics including Price/Sales (239.67), Price/Book (6.83) suggest expensive pricing. Growth concerns include Revenue Growth at 19.20%, which may limit upside. Profitability pressure is visible in Return on Equity at -77.60%, Operating Margin at -1266.00%.
Key Dynamics to Monitor
Three factors to monitor going forward. First, whether Return on Equity improves, as this is the primary drag on the overall score. Second, margin trajectory, with Return on Equity at -77.60% needing improvement to support the investment thesis. Third, growth sustainability, with Revenue Growth at 19.20% needing to reaccelerate.
Risk Considerations
Based on the metric profile, this is a higher risk investment. There are more areas of concern than strength, warranting a more conservative position size. Investors should size positions according to their risk tolerance and maintain diversification.
Bottom Line
Fundamental challenges outweigh strengths at current levels. Return on Equity and Operating Margin are the primary drags. Consider waiting for meaningful improvement before committing capital.
Disclaimer: Smart Analysis is a scoring system developed by WallStSmart Team. Scores update daily using multi-model valuation framework. Always conduct your own research and consult with financial advisors before making investment decisions.
QBTS Price-to-Sales(PS) Ratio Chart
Historical valuation based on market cap ÷ trailing 12-month revenue
QBTS's Price-to-Sales ratio of 239.67x trades 21% below its historical average of 303.93x (56th percentile). The current valuation is 84% below its historical high of 1539.39x set in Oct 2025, and 843% above its historical low of 25.41x in Apr 2023. Over the past 12 months, the PS ratio has compressed from ~314.9x as trailing revenue scaled faster than the stock price.
WallStSmart Analysis Synopsis
Data-driven financial summary for D-Wave Quantum Inc. (QBTS) · TECHNOLOGY › COMPUTER HARDWARE
The Big Picture
D-Wave Quantum Inc. is a strong growth company balancing expansion with improving profitability. Revenue reached 25M with 19% growth year-over-year. The company is currently unprofitable, posting a 0.0% profit margin.
Key Findings
Debt-to-equity ratio of 0.06 indicates a conservative balance sheet with 836M in cash.
Spending 56% of revenue (14M) on R&D, reinforcing its commitment to innovation and future growth.
Free cash flow is -20M, meaning the company is burning cash. This may be acceptable for high-growth companies investing heavily.
What to Watch Next
Volatility is elevated with a beta of 1.66, so expect amplified moves relative to the broader market.
Sector dynamics: monitor COMPUTER HARDWARE industry trends, competitive moves, and regulatory changes that could impact D-Wave Quantum Inc..
Bottom Line
D-Wave Quantum Inc. offers an attractive blend of growth (19% revenue expansion) and improving fundamentals. The company is transitioning from pure growth to profitable growth, a critical inflection point. Watch for sustained margin expansion as the key signal.
This synopsis is generated from publicly available financial data. It is not financial advice. Always conduct your own research and consult a qualified financial advisor before making investment decisions.
Insider Transactions
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About D-Wave Quantum Inc.(QBTS)
NYSE
TECHNOLOGY
COMPUTER HARDWARE
USA
D-Wave Quantum Inc. develops and offers quantum computing systems, software and services worldwide. The company is headquartered in Burnaby, Canada.