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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
IonQXSWX:IONQ +7.41%20 Intrinsic Value: Projected FCF is CHF0.00 as of Aug. 22, 2026. GuruFocus rates XSWX:IONQ with a GF Score™ of 20/100 and a GF Value™ of CHF72.06 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,700 Hardware companies, IonQ ranks worse than 58823.47% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-08-22), IonQ's Intrinsic Value: Projected FCF is CHF0.00. The stock price of IonQ is CHF35.17. Therefore, IonQ's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.
The historical rank and industry rank for IonQ's Intrinsic Value: Projected FCF or its related term are showing as below:
XSWX:IONQ's Price-to-Projected-FCF is not ranked *
in the Hardware industry.
Industry Median: 1.705 * Ranked among companies with meaningful Price-to-Projected-FCF only.
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
IonQ's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
35.17
/
=
* 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.
IonQ Intrinsic Value: Projected FCF Related Terms
IonQ Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for IonQ's Intrinsic Value: Projected 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.
XSWX:IONQ vs QBTS, SMCI, RGTI: Intrinsic Value: Projected FCF Comparison
For the Computer Hardware subindustry, IonQ's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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.
IonQ Price-to-Projected-FCF vs Hardware Industry
For the Hardware industry and Technology sector, IonQ's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where IonQ's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
What does a Intrinsic Value: Projected FCF of CHF0.00 mean?
IonQ (XSWX:IONQ) has a Intrinsic Value: Projected FCF of CHF0.00 as of Aug. 22, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on IonQ and its competitors. According to the industry distribution chart, IonQ ranks #999999 out of 1700 companies in the Hardware industry.
Is IonQ's Intrinsic Value: Projected FCF too high?
IonQ's current Intrinsic Value: Projected FCF is CHF0.00. Based on the distribution chart, IonQ ranks #999999 out of 1700 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, IonQ has a GF Score™ of 20/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does IonQ's Intrinsic Value: Projected FCF compare to QBTS and SMCI?
According to the Hardware industry distribution chart, IonQ ranks #999999 out of 1700 companies for Intrinsic Value: Projected FCF. This places IonQ in the lower half of its industry. The industry median Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF for a Hardware company?
The median Intrinsic Value: Projected FCF among Hardware companies is 1.71, based on 1,700 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on IonQ and its competitors. For the Hardware industry, the median Intrinsic Value: Projected FCF is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IonQ's current Intrinsic Value: Projected FCF is CHF0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IonQ stock overvalued right now?
Based on GuruFocus' analysis, IonQ (XSWX:IONQ) is currently considered Possible Value Trap. The stock's GF Value™ is CHF72.06, compared to a current price of CHF35.17 — trading 51.2% below its estimated fair value. The current Intrinsic Value: Projected FCF is CHF0.00. IonQ's overall GF Score™ is 20/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For IonQ (XSWX:IONQ), the current Intrinsic Value: Projected FCF is CHF0.00 as of Aug. 22, 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 IonQ (XSWX:IONQ) Overvalued in 2026?
Based on GuruFocus' analysis, IonQ stock appears to be undervalued.
The current stock price of CHF35.17 is trading 51.2% below its estimated GF Value™ of CHF72.06.
GuruFocus considers IonQ to be Possible Value Trap.
Key valuation signals for XSWX:IONQ:
Intrinsic Value: Projected FCF: CHF0.00
GF Value™: CHF72.06 vs. price of CHF35.17 (51.2% below fair value)
No single metric tells the full story. See the XSWX:IONQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.
20GF Score
Get the complete analysis for XSWX:IONQ
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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