EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, D-Wave Quantum's Enterprise Value is MXN145,165.6 Mil.
D-Wave Quantum's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was MXN-1,870.8 Mil. Therefore, D-Wave Quantum's EV-to-FCF for today is -77.59.
The historical rank and industry rank for D-Wave Quantum's EV-to-FCF or its related term are showing as below:
MEX:QBTS'
s EV-to-FCF Range Over the Past 10 Years
Min: -223.67 Med: -6.45 Max: -1.21
Current: -80.67
During the past 6 years, the highest EV-to-FCF of D-Wave Quantum was -1.21. The lowest was -223.67. And the median was -6.45.
MEX:QBTS's EV-to-FCF is ranked worse than 100% of 1331
companies
in the Hardware industry
Industry Median: 23.44
vs MEX:QBTS: -80.67
EV-to-FCF 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-FCF 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 MXN416.50.
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 MXN-21.094.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
D-Wave Quantum EV-to-FCF Related Terms
D-Wave Quantum EV-to-FCF Historical Data
* Premium members only.
The historical data trend for D-Wave Quantum's EV-to-FCF 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.
MEX:QBTS vs RGTI, QUBT, BRAI: EV-to-FCF Comparison
For the Computer Hardware subindustry, D-Wave Quantum's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Hardware Industry
For the Hardware industry and Technology sector, D-Wave Quantum's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where D-Wave Quantum's EV-to-FCF falls into.
D-Wave Quantum's current Enterprise Value is MXN145,165.6 Mil.
D-Wave Quantum's Free Cash Flow 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 MXN-1,870.8 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 (MEX:QBTS) has a EV-to-FCF of -77.59 as of Jun. 30, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on D-Wave Quantum and its competitors. According to the industry distribution chart, D-Wave Quantum ranks #999999 out of 1331 companies in the Hardware industry.
Is D-Wave Quantum's EV-to-FCF too high?
D-Wave Quantum's current EV-to-FCF is -77.59. Based on the distribution chart, D-Wave Quantum ranks #999999 out of 1331 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, D-Wave Quantum has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does D-Wave Quantum's EV-to-FCF compare to RGTI and QUBT?
According to the Hardware industry distribution chart, D-Wave Quantum ranks #999999 out of 1331 companies for EV-to-FCF. This places D-Wave Quantum in the lower half of its industry. The industry median EV-to-FCF is 23.44. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Hardware company?
The median EV-to-FCF among Hardware companies is 23.44, based on 1,331 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on D-Wave Quantum and its competitors. For the Hardware industry, the median EV-to-FCF is 23.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. D-Wave Quantum's current EV-to-FCF is -77.59. 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 (MEX:QBTS) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN42.82, compared to a current price of MXN416.50 — trading 872.7% above its estimated fair value. The current EV-to-FCF is -77.59. D-Wave Quantum's overall GF Score™ is 39/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For D-Wave Quantum (MEX:QBTS), the current EV-to-FCF is -77.59 as of Jun. 30, 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 (MEX:QBTS) Overvalued in 2026?
Based on GuruFocus' analysis, D-Wave Quantum stock appears to be overvalued.
The current stock price of MXN416.50 is trading 872.7% above its estimated GF Value™ of MXN42.82.
GuruFocus considers D-Wave Quantum to be Significantly Overvalued.
Key valuation signals for MEX:QBTS:
EV-to-FCF: -77.59
GF Value™: MXN42.82 vs. price of MXN416.50 (872.7% above fair value)
No single metric tells the full story. See the MEX: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.
39GF Score
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