Arqit Quantum Inc.

NasdaqCM:ARQQ Stock Report

Market Cap: US$158.5m

Arqit Quantum Valuation

Is ARQQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ARQQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate ARQQ's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ARQQ's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ARQQ?

Key metric: As ARQQ barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for ARQQ. This is calculated by dividing ARQQ's market cap by their current book value.
What is ARQQ's PB Ratio?
PB Ratio14.2x
BookUS$15.33m
Market CapUS$158.47m

Price to Book Ratio vs Peers

How does ARQQ's PB Ratio compare to its peers?

The above table shows the PB ratio for ARQQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.7x
CMCM Cheetah Mobile
0.5xn/aUS$136.0m
XNET Xunlei
0.4xn/aUS$118.5m
EGAN eGain
2.7x-18.8%US$152.0m
CCRD CoreCard
3.2x56.0%US$155.7m
ARQQ Arqit Quantum
14.2x95.5%US$158.5m

Price-To-Book vs Peers: ARQQ is expensive based on its Price-To-Book Ratio (14.2x) compared to the peer average (1.7x).

Price to Book Ratio vs Industry

How does ARQQ's PB Ratio compare vs other companies in the US Software Industry?

33 CompaniesPrice / BookEstimated GrowthMarket Cap
ETWO E2open Parent Holdings
0.7x75.4%US$935.81m
API Agora
0.7x41.6%US$412.97m
CMCM Cheetah Mobile
0.5xn/aUS$135.97m
XNET Xunlei
0.4xn/aUS$118.54m
ARQQ 14.2xIndustry Avg. 3.7xNo. of Companies33PB03.26.49.612.816+
33 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: ARQQ is expensive based on its Price-To-Book Ratio (14.2x) compared to the US Software industry average (3.6x).

Price to Book Ratio vs Fair Ratio

What is ARQQ's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ARQQ PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio14.2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ARQQ's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ARQQ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$17.73
US$140.00
+689.6%
64.3%US$230.00US$50.00n/a2
Nov ’25US$5.43
US$140.00
+2,478.3%
64.3%US$230.00US$50.00n/a2
Oct ’25US$4.79
US$140.00
+2,822.8%
64.3%US$230.00US$50.00n/a2
Sep ’25US$8.00
US$140.00
+1,650.0%
64.3%US$230.00US$50.00n/a2
Aug ’25US$8.55
US$140.00
+1,537.4%
64.3%US$230.00US$50.00n/a2
Jul ’25US$7.90
US$140.00
+1,671.6%
64.3%US$230.00US$50.00n/a2
Jun ’25US$9.75
US$140.00
+1,335.9%
64.3%US$230.00US$50.00n/a2
May ’25US$11.50
US$152.50
+1,226.1%
50.8%US$230.00US$75.00n/a2
Apr ’25US$16.90
US$152.50
+802.4%
50.8%US$230.00US$75.00n/a2
Aug ’24US$36.75
US$89.38
+143.2%
67.8%US$150.00US$28.75US$8.552
Jul ’24US$30.25
US$89.38
+195.5%
67.8%US$150.00US$28.75US$7.902
Jun ’24US$34.25
US$89.38
+160.9%
67.8%US$150.00US$28.75US$9.752
May ’24US$26.75
US$168.75
+530.8%
48.1%US$250.00US$87.50US$11.502
Apr ’24US$35.00
US$168.75
+382.1%
48.1%US$250.00US$87.50US$16.902
Mar ’24US$33.25
US$168.75
+407.5%
48.1%US$250.00US$87.50US$18.302
Feb ’24US$53.38
US$270.83
+407.4%
48.0%US$375.00US$87.50US$11.253
Jan ’24US$90.25
US$300.00
+232.4%
29.7%US$375.00US$175.00US$11.853
Dec ’23US$182.75
US$400.00
+118.9%
42.2%US$650.00US$175.00US$12.834
Nov ’23US$113.00
US$400.00
+254.0%
42.2%US$650.00US$175.00US$11.234

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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