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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. D-Wave Quantum's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $1,083.11 Mil. D-Wave Quantum's Total Assets for the quarter that ended in Jun. 2026 was $1,158.43 Mil.
Therefore, D-Wave Quantum's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.94.
The historical rank and industry rank for D-Wave Quantum's Equity-to-Asset or its related term are showing as below:
QBTS'
s Equity-to-Asset Range Over the Past 10 Years
Min: -1.12 Med: -0.11 Max: 0.94
Current: 0.94
During the past 6 years, the highest Equity to Asset Ratio of D-Wave Quantum was 0.94. The lowest was -1.12. And the median was -0.11.
QBTS's Equity-to-Asset is ranked better than 98.56% of 2498
companies
in the Hardware industry
Industry Median: 0.57
vs QBTS: 0.94
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
D-Wave Quantum Equity-to-Asset Related Terms
D-Wave Quantum Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for D-Wave Quantum's Equity-to-Asset 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.
QBTS vs RGTI, QUBT, BRAI: Equity-to-Asset Comparison
For the Computer Hardware subindustry, D-Wave Quantum's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Hardware Industry
For the Hardware industry and Technology sector, D-Wave Quantum's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where D-Wave Quantum's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
D-Wave Quantum's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Equity-to-Asset of 0.94 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on D-Wave Quantum and its competitors. According to the industry distribution chart, D-Wave Quantum ranks #36 out of 2498 companies in the Hardware industry, placing it in the top 1.4%.
Is D-Wave Quantum's Equity-to-Asset too high?
D-Wave Quantum's current Equity-to-Asset is 0.94. The Hardware industry median Equity-to-Asset is 0.57. D-Wave Quantum's value of 0.94 is 64.9% above this industry median. Based on the distribution chart, D-Wave Quantum ranks #36 out of 2498 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 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does D-Wave Quantum's Equity-to-Asset compare to RGTI and QUBT?
According to the Hardware industry distribution chart, D-Wave Quantum ranks #36 out of 2498 companies for Equity-to-Asset. This places D-Wave Quantum in the top 1% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.57. D-Wave Quantum's value of 0.94 is 64.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Hardware company?
The median Equity-to-Asset among Hardware companies is 0.57, based on 2,498 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. D-Wave Quantum's current Equity-to-Asset of 0.94 is 64.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on D-Wave Quantum and its competitors. For the Hardware industry, the median Equity-to-Asset is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. D-Wave Quantum's current Equity-to-Asset is 0.94. 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 $7.53, compared to a current price of $21.17 — trading 181.1% above its estimated fair value. The current Equity-to-Asset is 0.94 and 64.9% above the Hardware industry median of 0.57. D-Wave Quantum's overall GF Score™ is 63/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For D-Wave Quantum (QBTS), the current Equity-to-Asset is 0.94 as of Jun. 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 $21.17 is trading 181.1% above its estimated GF Value™ of $7.53.
GuruFocus considers D-Wave Quantum to be Significantly Overvalued.
Key valuation signals for QBTS:
Equity-to-Asset: 0.94
GF Value™: $7.53 vs. price of $21.17 (181.1% above fair value)
Industry Position: 64.9% above the Hardware median (#36 of 2498)
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.
63GF Score
Get the complete analysis for QBTS
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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