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EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, D-Wave Quantum's Enterprise Value is $6,646.92 Mil.
D-Wave Quantum's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $-97.66 Mil. Therefore, D-Wave Quantum's EV-to-OCF for today is -68.06.
The historical rank and industry rank for D-Wave Quantum's EV-to-OCF or its related term are showing as below:
QBTS'
s EV-to-OCF Range Over the Past 10 Years
Min: -238.8 Med: -7.12 Max: -1.22
Current: -68.06
During the past 6 years, the highest EV-to-OCF of D-Wave Quantum was -1.22. The lowest was -238.80. And the median was -7.12.
QBTS's EV-to-OCF is ranked better than 93.23% of 2496
companies
in the Hardware industry
Industry Median: 8.73
vs QBTS: -68.06
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
D-Wave Quantum's PE Ratio (TTM) for today is calculated as:
D-Wave Quantum's share price for today is $19.405.
D-Wave Quantum's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.130.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
D-Wave Quantum EV-to-OCF Related Terms
D-Wave Quantum EV-to-OCF Historical Data
* Premium members only.
The historical data trend for D-Wave Quantum's EV-to-OCF 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 EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Hardware Industry
For the Hardware industry and Technology sector, D-Wave Quantum's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where D-Wave Quantum's EV-to-OCF falls into.
D-Wave Quantum's current Enterprise Value is $6,646.92 Mil.
D-Wave Quantum's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-97.66 Mil.
* 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.
D-Wave Quantum (QBTS) has a EV-to-OCF of -68.06 as of Aug. 06, 2026. According to the industry distribution chart, D-Wave Quantum ranks #169 out of 2496 companies in the Hardware industry, placing it in the top 6.8%.
Is D-Wave Quantum's EV-to-OCF too high?
D-Wave Quantum's current EV-to-OCF is -68.06. Based on the distribution chart, D-Wave Quantum ranks #169 out of 2496 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, D-Wave Quantum has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does D-Wave Quantum's EV-to-OCF compare to RGTI and QUBT?
According to the Hardware industry distribution chart, D-Wave Quantum ranks #169 out of 2496 companies for EV-to-OCF. This places D-Wave Quantum in the top 7% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 8.73. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Hardware company?
The median EV-to-OCF among Hardware companies is 8.73, based on 2,496 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median EV-to-OCF is 8.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. D-Wave Quantum's current EV-to-OCF is -68.06. 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?
Based on GuruFocus' analysis, D-Wave Quantum (QBTS) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.92, compared to a current price of $19.41 — trading 564.6% above its estimated fair value. The current EV-to-OCF is -68.06. 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 EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For D-Wave Quantum (QBTS), the current EV-to-OCF is -68.06 as of Aug. 06, 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 (QBTS) Overvalued in 2026?
Based on GuruFocus' analysis, D-Wave Quantum stock appears to be overvalued.
The current stock price of $19.41 is trading 564.6% above its estimated GF Value™ of $2.92.
GuruFocus considers D-Wave Quantum to be Significantly Overvalued.
Key valuation signals for QBTS:
EV-to-OCF: -68.06
GF Value™: $2.92 vs. price of $19.41 (564.6% above fair value)
No single metric tells the full story. See the 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 QBTS
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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