IonQ Valuation
Is IONQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
0/6Valuation 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 IONQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate IONQ's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate IONQ's fair value for valuation analysis.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for IONQ?
Key metric: As IONQ barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.
| What is IONQ's PB Ratio? | |
|---|---|
| PB Ratio | 14.3x |
| Book | US$435.68m |
| Market Cap | US$6.04b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 151.8x |
| Enterprise Value/EBITDA | -29.2x |
| PEG Ratio | n/a |
Price to Book Ratio vs Peers
How does IONQ's PB Ratio compare to its peers?
| Company | Forward PB | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 10.7x | ||
SMCI Super Micro Computer | 2.8x | 24.3% | US$16.6b |
PSTG Pure Storage | 11.2x | 36.2% | US$16.4b |
DBD Diebold Nixdorf | 1.5x | 105.5% | US$1.6b |
NTAP NetApp | 27.2x | 7.4% | US$25.0b |
IONQ IonQ | 14.3x | 0.9% | US$6.0b |
Price-To-Book vs Peers: IONQ is expensive based on its Price-To-Book Ratio (14.3x) compared to the peer average (10.7x).
Price to Book Ratio vs Industry
How does IONQ's PB Ratio compare vs other companies in the US Tech Industry?
| 0 Companies | Price / Book | Estimated Growth | Market Cap |
|---|
| 0 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Book vs Industry: IONQ is expensive based on its Price-To-Book Ratio (14.3x) compared to the US Tech industry average (1.2x).
Price to Book Ratio vs Fair Ratio
What is IONQ'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.
| Fair Ratio | |
|---|---|
| Current PB Ratio | 14.3x |
| Fair PB Ratio | n/a |
Price-To-Book vs Fair Ratio: Insufficient data to calculate IONQ'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?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | US$27.89 | US$18.58 -33.4% | 16.0% | US$22.00 | US$14.90 | n/a | 5 |
| Nov ’25 | US$14.85 | US$10.98 -26.1% | 27.9% | US$15.00 | US$6.90 | n/a | 5 |
| Oct ’25 | US$8.17 | US$12.18 +49.1% | 40.9% | US$21.00 | US$6.90 | n/a | 5 |
| Sep ’25 | US$7.42 | US$12.18 +64.2% | 40.9% | US$21.00 | US$6.90 | n/a | 5 |
| Aug ’25 | US$7.52 | US$14.70 +95.5% | 33.6% | US$21.00 | US$7.00 | n/a | 5 |
| Jul ’25 | US$6.84 | US$15.56 +127.5% | 24.1% | US$21.00 | US$11.30 | n/a | 5 |
| Jun ’25 | US$8.15 | US$15.56 +90.9% | 24.1% | US$21.00 | US$11.30 | n/a | 5 |
| May ’25 | US$8.75 | US$15.72 +79.6% | 20.9% | US$21.00 | US$11.50 | n/a | 6 |
| Apr ’25 | US$9.99 | US$15.72 +57.3% | 20.9% | US$21.00 | US$11.50 | n/a | 6 |
| Mar ’25 | US$10.66 | US$15.70 +47.3% | 22.9% | US$21.00 | US$11.50 | n/a | 5 |
| Feb ’25 | US$10.24 | US$16.00 +56.3% | 20.5% | US$21.00 | US$12.00 | n/a | 5 |
| Jan ’25 | US$12.39 | US$16.00 +29.1% | 20.5% | US$21.00 | US$12.00 | n/a | 5 |
| Dec ’24 | US$13.61 | US$16.00 +17.6% | 20.5% | US$21.00 | US$12.00 | n/a | 5 |
| Nov ’24 | US$10.22 | US$16.20 +58.5% | 19.3% | US$21.00 | US$12.00 | US$14.85 | 5 |
| Oct ’24 | US$14.88 | US$17.80 +19.6% | 14.4% | US$21.00 | US$14.00 | US$8.17 | 5 |
| Sep ’24 | US$17.51 | US$17.80 +1.7% | 14.4% | US$21.00 | US$14.00 | US$7.42 | 5 |
| Aug ’24 | US$19.86 | US$11.50 -42.1% | 27.4% | US$17.00 | US$7.00 | US$7.52 | 6 |
| Jul ’24 | US$13.53 | US$10.00 -26.1% | 21.6% | US$13.00 | US$7.00 | US$6.84 | 6 |
| Jun ’24 | US$10.72 | US$9.67 -9.8% | 22.1% | US$13.00 | US$7.00 | US$8.15 | 6 |
| May ’24 | US$5.49 | US$9.00 +63.9% | 17.0% | US$12.00 | US$7.00 | US$8.75 | 6 |
| Apr ’24 | US$6.15 | US$9.40 +52.8% | 14.4% | US$12.00 | US$8.00 | US$9.99 | 5 |
| Mar ’24 | US$4.62 | US$9.40 +103.5% | 14.4% | US$12.00 | US$8.00 | US$10.66 | 5 |
| Feb ’24 | US$4.76 | US$9.40 +97.5% | 14.4% | US$12.00 | US$8.00 | US$10.24 | 5 |
| Jan ’24 | US$3.45 | US$9.40 +172.5% | 14.4% | US$12.00 | US$8.00 | US$12.39 | 5 |
| Dec ’23 | US$4.96 | US$9.40 +89.5% | 14.4% | US$12.00 | US$8.00 | US$13.61 | 5 |
| Nov ’23 | US$5.61 | US$10.50 +87.2% | 14.3% | US$12.00 | US$9.00 | US$10.22 | 4 |
Analyst Forecast: Target price is lower than the current share price.
Discover undervalued companies
HP
US$35.5b
Provides personal computing and other digital access devices, imaging and printing products, and related technologies, solutions, and services worldwide.
HPQ
US$36.87
7D
0.2%
1Y
28.6%
Avnet
US$4.5b
Distributes electronic component technology.
AVT
US$52.26
7D
-1.5%
1Y
10.5%
Diebold Nixdorf
US$1.6b
Engages in the automating, digitizing, and transforming the way people bank and shop worldwide.
DBD
US$41.97
7D
5.8%
1Y
72.7%