Both stocks run through our valuation models. Here is how IONQ (IONQ) and D-Wave Quantum (QBTS) compare, as of Nov 10, 2026.
As of Nov 10, 2026, Fair Value Calculator sees IONQ as the less overvalued of the two: IONQ trades at $34.99 versus a fair value of $22.96 (−34.4%), while D-Wave Quantum trades at $10.48 versus $5.99 (−42.8%).
IONQ
IONQ · USD · Information Technology
−34.4%
upside to fair value
overvalued
Price$34.99
Fair Value$22.96
Quality28/100
Fair ValueQualityUptrend
D-Wave Quantum
QBTS · USD · Information Technology
−42.8%
upside to fair value
overvalued
Price$10.48
Fair Value$5.99
Quality34/100
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
IONQD-Wave Quantum
Valuation
20.2×P/E (TTM)n/a
39.49×P/S (TTM)n/a
3.95×P/B5.15×
−34.4%Fair value upside−42.8%
Profitability
6.9%Return on equity-28.0%
-7.8%Return on assets-38.8%
Growth
336.0%Revenue growth (YoY)-0.6%
126.9%Avg. growth/yr (3Y)50.8%
290.6%Avg. growth/yr (5Y)36.7%
Balance & size
n/aDebt / equity0.04×
$15BMarket cap$4B
expensiveGrowth qualityexpensive
IONQ leads: 5 to 0 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.
IONQD-Wave Quantum
ProfitabilityHow much profit the company makes from its sales and capital
0
1
Quality GrowthAre margins and returns getting better?
64
88
CashflowDo the profits arrive as real cash?
1
0
Financial strengthDebt, balance sheet and risk of trouble
84
100
InvestmentDoes it invest with discipline instead of growing at any price?
14
12
Low VolatilityHow calm the share price moves, does not count
0
0
Price momentumPrice momentum of the last 3 to 12 months, does not count
7
0
Near the 52-week highDistance to the 52-week high, does not count
9
3
New sharesBuys back shares or issues new ones?
0
0
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.
IONQ
Price $34.99
Fair Value $22.96
Bear $17.22Bull $28.70
D-Wave Quantum
Price $10.48
Fair Value $5.99
Bear $4.49Bull $7.48
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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.
IONQ · Information Technology
Quality score28 · bottom 25%
Fair value upside−34.4% · below median
D-Wave Quantum · Information Technology
Quality score34 · bottom 25%
Fair value upside−42.8% · below median
Bottom line
As of Nov 10, 2026, Fair Value Calculator sees IONQ as the less overvalued of the two: IONQ trades at $34.99 versus a fair value of $22.96 (−34.4%), while D-Wave Quantum trades at $10.48 versus $5.99 (−42.8%).
D-Wave Quantum has the higher quality score (34/100).
