A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for D-Wave Quantum's Debt-to-EBITDA or its related term are showing as below:
XSWX:QBTS'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.15 Med: -0.6 Max: -0.12
Current: -0.12
During the past 6 years, the highest Debt-to-EBITDA Ratio of D-Wave Quantum was -0.12. The lowest was -1.15. And the median was -0.60.
XSWX:QBTS's Debt-to-EBITDA is ranked worse than 100% of 1788
companies
in the Hardware industry
Industry Median: 1.71
vs XSWX:QBTS: -0.12
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
D-Wave Quantum Debt-to-EBITDA Related Terms
D-Wave Quantum Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for D-Wave Quantum's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Computer Hardware subindustry, D-Wave Quantum's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
D-Wave Quantum Debt-to-EBITDA vs Hardware Industry
For the Hardware industry and Technology sector, D-Wave Quantum's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where D-Wave Quantum's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
D-Wave Quantum (XSWX:QBTS) has a Debt-to-EBITDA of -0.28 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on D-Wave Quantum. According to the industry distribution chart, D-Wave Quantum ranks #999999 out of 1788 companies in the Hardware industry.
Is D-Wave Quantum's Debt-to-EBITDA too high?
D-Wave Quantum's current Debt-to-EBITDA is -0.28. Based on the distribution chart, D-Wave Quantum ranks #999999 out of 1788 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, D-Wave Quantum has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does D-Wave Quantum's Debt-to-EBITDA compare to ?
According to the Hardware industry distribution chart, D-Wave Quantum ranks #999999 out of 1788 companies for Debt-to-EBITDA. This places D-Wave Quantum in the lower half of its industry. The industry median Debt-to-EBITDA is 1.71. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.71, based on 1,788 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on D-Wave Quantum. For the Hardware industry, the median Debt-to-EBITDA is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. D-Wave Quantum's current Debt-to-EBITDA is -0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D-Wave Quantum stock overvalued right now?
D-Wave Quantum (XSWX:QBTS) has a current Debt-to-EBITDA of -0.28. The stock's GF Value™ is CHF2.22, compared to a current price of CHF18.56 — trading 736.1% above its estimated fair value. The current Debt-to-EBITDA is -0.28. D-Wave Quantum's overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For D-Wave Quantum (XSWX:QBTS), the current Debt-to-EBITDA is -0.28 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is D-Wave Quantum (XSWX:QBTS) Overvalued in 2026?
Based on GuruFocus' analysis, D-Wave Quantum stock appears to be overvalued.
The current stock price of CHF18.56 is trading 736.1% above its estimated GF Value™ of CHF2.22.
Key valuation signals for XSWX:QBTS:
Debt-to-EBITDA: -0.28
GF Value™: CHF2.22 vs. price of CHF18.56 (736.1% above fair value)
No single metric tells the full story. See the XSWX:QBTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company's LeapTM cloud service.
64GF Score
Get the complete analysis for XSWX:QBTS
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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