IONQ PE Ratio & Valuation,Is IONQ Overvalued

IONQ Relative Valuation

IONQ's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, IONQ is overvalued; if below, it's undervalued.

Historical Valuation

IONQ Inc (IONQ) is now in the Fair zone, suggesting that its current forward PS ratio of 94.00 is considered Fairly compared with the five-year average of -21.20. The fair price of IONQ Inc (IONQ) is between 24.49 to 103.18 according to relative valuation methord.

Relative Value

Fair Zone

24.49-103.18

Current Price：49.08

Fair

-24.91

-46.21

EV/EBITDA

IONQ Inc. (IONQ) has a current EV/EBITDA of -46.21. The 5-year average EV/EBITDA is -28.76. The thresholds are as follows: Strongly Undervalued below -74.99, Undervalued between -74.99 and -51.88, Fairly Valued between -5.64 and -51.88, Overvalued between -5.64 and 17.48, and Strongly Overvalued above 17.48. The current Forward EV/EBITDA of -46.21 falls within the Historic Trend Line -Fairly Valued range.

-26.27

EV/EBIT

IONQ Inc. (IONQ) has a current EV/EBIT of -26.27. The 5-year average EV/EBIT is -18.97. The thresholds are as follows: Strongly Undervalued below -47.38, Undervalued between -47.38 and -33.18, Fairly Valued between -4.76 and -33.18, Overvalued between -4.76 and 9.44, and Strongly Overvalued above 9.44. The current Forward EV/EBIT of -26.27 falls within the Historic Trend Line -Fairly Valued range.

94.00

IONQ Inc. (IONQ) has a current PS of 94.00. The 5-year average PS is 107.80. The thresholds are as follows: Strongly Undervalued below -80.60, Undervalued between -80.60 and 13.60, Fairly Valued between 202.00 and 13.60, Overvalued between 202.00 and 296.20, and Strongly Overvalued above 296.20. The current Forward PS of 94.00 falls within the Historic Trend Line -Fairly Valued range.

-58.59

P/OCF

IONQ Inc. (IONQ) has a current P/OCF of -58.59. The 5-year average P/OCF is -30.78. The thresholds are as follows: Strongly Undervalued below -83.15, Undervalued between -83.15 and -56.96, Fairly Valued between -4.59 and -56.96, Overvalued between -4.59 and 21.59, and Strongly Overvalued above 21.59. The current Forward P/OCF of -58.59 falls within the Undervalued range.

-52.09

P/FCF

IONQ Inc. (IONQ) has a current P/FCF of -52.09. The 5-year average P/FCF is -25.26. The thresholds are as follows: Strongly Undervalued below -70.18, Undervalued between -70.18 and -47.72, Fairly Valued between -2.80 and -47.72, Overvalued between -2.80 and 19.66, and Strongly Overvalued above 19.66. The current Forward P/FCF of -52.09 falls within the Undervalued range.

IONQ Inc (IONQ) has a current Price-to-Book (P/B) ratio of 6.69. Compared to its 3-year average P/B ratio of 7.36 , the current P/B ratio is approximately -9.05% higher. Relative to its 5-year average P/B ratio of 5.09, the current P/B ratio is about 31.54% higher. IONQ Inc (IONQ) has a Forward Free Cash Flow (FCF) yield of approximately -1.57%. Compared to its 3-year average FCF yield of -3.39%, the current FCF yield is approximately -53.87% lower. Relative to its 5-year average FCF yield of -3.28% , the current FCF yield is about -52.24% lower.

6.69

P/B

Median3y

7.36

Median5y

5.09

-1.57

FCF Yield

Median3y

-3.39

Median5y

-3.28

Competitors Valuation Multiple

The average P/S ratio for IONQ's competitors is 156.58, providing a benchmark for relative valuation. IONQ Inc Corp (IONQ) exhibits a P/S ratio of 94.00, which is -39.97% above the industry average. Given its robust revenue growth of 221.50%, this premium appears sustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of IONQ increased by 26.06% over the past 1 year. The primary factor behind the change was an decrease in Margin Expansion from -423.35 to -2.65K.

The secondary factor is the Revenue Growth, contributed 221.50%to the performance.

Overall, the performance of IONQ in the past 1 year is driven by Margin Expansion. Which is more sustainable.

221.50%

12.40M → 39.87M

Revenue Growth

525.46%

-423.35 → -2.65K

Margin Expansion

-720.90%

1.28 → -7.92

P/E Change

26.06%

39.49 → 49.78

Mkt Cap Growth

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Frequently Asked Questions

Is IONQ Inc (IONQ) currently overvalued or undervalued?

What is IONQ Inc (IONQ) fair value?

IONQ's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of IONQ Inc (IONQ) is between 24.49 to 103.18 according to relative valuation methord.

How does IONQ's valuation metrics compare to the industry average?

What is the current P/B ratio for IONQ Inc (IONQ) as of Jan 08 2026?

As of Jan 08 2026, IONQ Inc (IONQ) has a P/B ratio of 6.69. This indicates that the market values IONQ at 6.69 times its book value.

What is the current FCF Yield for IONQ Inc (IONQ) as of Jan 08 2026?

As of Jan 08 2026, IONQ Inc (IONQ) has a FCF Yield of -1.57%. This means that for every dollar of IONQ Inc’s market capitalization, the company generates -1.57 cents in free cash flow.

What is the current Forward P/E ratio for IONQ Inc (IONQ) as of Jan 08 2026?

As of Jan 08 2026, IONQ Inc (IONQ) has a Forward P/E ratio of -24.91. This means the market is willing to pay $-24.91 for every dollar of IONQ Inc’s expected earnings over the next 12 months.

What is the current Forward P/S ratio for IONQ Inc (IONQ) as of Jan 08 2026?

As of Jan 08 2026, IONQ Inc (IONQ) has a Forward P/S ratio of 94.00. This means the market is valuing IONQ at $94.00 for every dollar of expected revenue over the next 12 months.

IONQ Valuation