Valuation of IonQ, Inc. (IONQ): P/B 3.26, EV/EBITDA 6.3, dividend yield 0.00%. The price range it would trade at on its usual multiples and on its sector's, with its peers' multiples and a comparison against other Technology companies.
IonQ, Inc. specializes in the creation of advanced, general-purpose quantum computing systems. The company provides customers with access to its 20-qubit quantum computers. This access is facilitated through prominent third-party cloud platforms, such as Amazon Web Services' (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as directly via IonQ's own proprietary cloud service. Founded in 2015, IonQ, Inc.
Analysis Summary
Trailing-twelve-month margins: gross margin 36.3%, operating margin -414.0%, net margin -5.7%.
At $29.54 (closing price, November 4, 2026), IONQ has negative trailing earnings (P/E not meaningful) and an ROE of -39.34%. Market capitalisation stands at $12.7B, placing it among large-cap names.
Balance sheet quality for IONQ: debt-to-equity ratio of 0.02, current ratio of 10.66 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| Price / Book | 3.26 |
| EV / EBITDA | 6.3 |
| Dividend Yield | 0.00% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| IONQ | IonQ, Inc. | $12.7B | 3.26 | -39.3% | |
| RGTI | Rigetti Computing, Inc. | $3.7B | 6.95 | -46.8% | |
| QBTS | D-Wave Quantum Inc. | $3.9B | 3.55 | -26.7% | |
| QNT | Quantinuum Inc. Class A Common Stock | $8.6B | 2.67 | -46.9% | |
| DELL | Dell Technologies Inc. | $236.1B | 21.56 | -5.7% | |
| 0HHR.L | Arista Networks, Inc. | $227.0B | 53.70 | 14.66 | 30.8% |
| ANET | Arista Networks, Inc. | $225.1B | 47.98 | 13.70 | 33.3% |
| SNDK | Sandisk Corporation | $147.6B | 8.26 | 8.28 | 134.3% |
Price
| Price | $29.54 (closing price, November 4, 2026) |
| Market Cap | $12.7B |
| Exchange | NYSE |
| Country | US |
Profitability
| Return on Equity | -39.34% |
| Return on Invested Capital | -15.54% |
| Return on Assets | -20.86% |
| Gross Margin | 36.29% |
| Operating Margin | -413.96% |
| Net Margin | -573.62% |
Related companies: RGTI · QBTS · QNT · DELL · 0HHR.L · ANET · SNDK · 0QZF.L
Explore sector: Technology · Computer Hardware
More sections of IONQ: Overview · Financials · Estimates · Technical · Ownership
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