D

D-Wave Quantum Inc
NYSE:QBTS

Watchlist Manager
D-Wave Quantum Inc
NYSE:QBTS
Watchlist
Price: 20.28 USD 11% Market Closed
Market Cap: $7.5B

P/S

285.4
Current
687%
More Expensive
vs 3-y average of 36.3

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
285.4
=
Market Cap
$4.9B
/
Revenue
$24.6m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
285.4
=
Market Cap
$4.9B
/
Revenue
$24.6m

Valuation Scenarios

D-Wave Quantum Inc is trading above its 3-year average

If P/S returns to its 3-Year Average (36.3), the stock would be worth $2.58 (87% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-99%
Maximum Upside
No Upside Scenarios
Average Downside
88%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 285.4 $20.28
0%
3-Year Average 36.3 $2.58
-87%
5-Year Average 95.2 $6.77
-67%
Industry Average 3.4 $0.24
-99%
Country Average 2.9 $0.21
-99%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
$4.9B
/
Jan 2026
$24.6m
=
285.4
Current
$4.9B
/
Dec 2026
$44.5m
=
109.9
Forward
$4.9B
/
Dec 2027
$86m
=
56.9
Forward
$4.9B
/
Dec 2028
$147.3m
=
33.2
Forward
$4.9B
/
Dec 2029
$279.3m
=
17.5
Forward
$4.9B
/
Dec 2030
$450.9m
=
10.8
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
CA
D-Wave Quantum Inc
NYSE:QBTS
7B USD 285.4 -19.8
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8
US
Palantir Technologies Inc
NASDAQ:PLTR
328.8B USD 73.9 203.6
DE
SAP SE
XETRA:SAP
169.9B EUR 4.6 23.7
US
Salesforce Inc
NYSE:CRM
169.8B USD 4 22.2
US
Applovin Corp
NASDAQ:APP
151B USD 27.6 45.3
US
Intuit Inc
NASDAQ:INTU
109.6B USD 5.3 24.8
US
Adobe Inc
NASDAQ:ADBE
99.9B USD 4.1 13.9
US
Synopsys Inc
NASDAQ:SNPS
92.1B USD 11.5 83.9
US
NCR Corp
LSE:0K45
92B USD 34.2 2 191
US
Cadence Design Systems Inc
NASDAQ:CDNS
89.7B USD 16.9 80.8
P/S Multiple
Revenue Growth P/S to Growth
CA
D
D-Wave Quantum Inc
NYSE:QBTS
Average P/S: 21 307.1
285.4
82%
3.5
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
73.9
50%
1.5
DE
SAP SE
XETRA:SAP
4.6
11%
0.4
US
Salesforce Inc
NYSE:CRM
4
11%
0.4
US
Applovin Corp
NASDAQ:APP
27.6
34%
0.8
US
Intuit Inc
NASDAQ:INTU
5.3
13%
0.4
US
Adobe Inc
NASDAQ:ADBE
4.1
10%
0.4
US
Synopsys Inc
NASDAQ:SNPS
11.5
20%
0.6
US
N
NCR Corp
LSE:0K45
34.2
-7%
N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
16.9
14%
1.2
P/E Multiple
Earnings Growth PEG
CA
D
D-Wave Quantum Inc
NYSE:QBTS
Average P/E: 298.8
Negative Multiple: -19.8
N/A N/A
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
203.6
58%
3.5
DE
SAP SE
XETRA:SAP
23.7
17%
1.4
US
Salesforce Inc
NYSE:CRM
22.2
31%
0.7
US
Applovin Corp
NASDAQ:APP
45.3
38%
1.2
US
Intuit Inc
NASDAQ:INTU
24.8
30%
0.8
US
Adobe Inc
NASDAQ:ADBE
13.9
20%
0.7
US
Synopsys Inc
NASDAQ:SNPS
83.9
44%
1.9
US
N
NCR Corp
LSE:0K45
2 191
52%
42.1
US
Cadence Design Systems Inc
NASDAQ:CDNS
80.8
39%
2.1

Market Distribution

Higher than 95% of companies in Canada
Percentile
95th
Based on 2 477 companies
95th percentile
285.4
Low
0 — 1.4
Typical Range
1.4 — 4.9
High
4.9 —
Distribution Statistics
Canada
Min 0
30th Percentile 1.4
Median 2.9
70th Percentile 4.9
Max 15 623 917.6

D-Wave Quantum Inc
Glance View

DPCM Capital, Inc. is a blank check company, which was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company is headquartered in Burnaby, British Columbia. The company went IPO on 2020-10-11. The firm builds and delivers the systems, cloud services, application development tools, and professional services to support the end-to-end quantum computing journey for enterprises and developers. Its products include The Leap and The Advantage. The Leap quantum cloud service delivers immediate, real-time access to its Advantage quantum computer and quantum hybrid solver services. The Advantage quantum system is a quantum computer built for business. The company also is providing quantum applications a range of customer including, logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection and financial modeling. The Company’s systems used by advanced organizations, including NEC Corporation, Volkswagen, Lockheed Martin, University of Southern California and Los Alamos National Laboratory.

QBTS Intrinsic Value
1.18 USD
Overvaluation 94%
Intrinsic Value
Price $20.28
D
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