D-Wave Quantum price to book ratio QBTS

Market value divided by the book value of the company's net assets, since 2023.

Today, Oct 23, 2026: 4.0×
3-year median: 11.1×
Against its 3-year history: 0th; percentile: 0 is its lowest day, 100 its highest
3-year range: 4.0× to 38.4×
Peer median: 3.5×

D-Wave Quantum's price to book ratio is 4.0× as of Oct 23, 2026.

That is below its 3-year median of 11.1×, lower than on 100% of days in the last 3 years.

Over that time it ranged from 4.0× in Oct 2026 to 38.4× in Mar 2025.

The median for 10 application software stocks of a similar size is 3.5×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	4.0×	4.0×	14.9×
2025	13.1×	7.5×	38.4×
2024	26.8×	8.8×	26.8×
2023	11.3×	9.3×	13.5×

Against its peers

Companies in Software - Application nearest D-Wave Quantum's size, closest first, today.

Company	Price to book ratio
QBTSD-Wave Quantum	4.0×
LIFLife360	6.0×
FAFirst Advantage	2.8×
MGNIMagnite	3.5×
PEGAPegasystems	10.7×
TTDTrade Desk	2.4×
FIVNFive9	3.6×
CARGCarGurus	10.6×
RNGRingCentral	n/m
DXCDXC Technology	0.8×
GRNDGrindr	n/m
Peer median	3.5×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on D-Wave Quantum

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.