QBTS (D-Wave Quantum) Moat Score: 3/10 (As of Jun. 28, 2026)


QBTS D-Wave Quantum Inc QBTS
64 GF Score
Price $22.76
GF Value $2.45
Valuation Significantly Overvalued
! 4 Warning Signs
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What is D-Wave Quantum Moat Score?

D-Wave Quantum QBTS +3.88% 64 Moat Score is 3 as of Jun. 28, 2026. GuruFocus rates QBTS with a GF Score™ of 64/100 and a GF Value™ of $2.45 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,473 Hardware companies, D-Wave Quantum ranks better than 91.63% on this metric.

D-Wave Quantum has the Moat Score of 3, which implies that the company might have No Moat - Very weak/transient advantages.

D-Wave Quantum has No Moat: D-Wave Quantum has transient advantages in the emerging quantum computing field. While it holds some patents, the industry is highly competitive with low customer switching costs and no significant regulatory barriers, limiting its moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes D-Wave Quantum might have No Moat - Very weak/transient advantages.

D-Wave Quantum  (NYSE:QBTS) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

D-Wave Quantum Moat Score Related Terms

QBTS vs RGTI, QUBT, BRAI: Moat Score Comparison

For the Computer Hardware subindustry, D-Wave Quantum's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Hardware Industry

For the Hardware industry and Technology sector, D-Wave Quantum's Moat Score distribution charts can be found below:

* The bar in red indicates where D-Wave Quantum's Moat Score falls into.


QBTS
64GF Score
D-Wave Quantum Inc QBTS
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 3 mean?
D-Wave Quantum (QBTS) has a Moat Score of 3 as of Jun. 28, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, D-Wave Quantum ranks #207 out of 2473 companies in the Hardware industry, placing it in the top 8.4%.
Is D-Wave Quantum's Moat Score too high?
D-Wave Quantum's current Moat Score is 3. Based on the distribution chart, D-Wave Quantum ranks #207 out of 2473 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 Moat Score compare to RGTI and QUBT?
According to the Hardware industry distribution chart, D-Wave Quantum ranks #207 out of 2473 companies for Moat Score. This places D-Wave Quantum in the top 8% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Hardware company?
A good Moat Score depends on the Hardware industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. D-Wave Quantum's current Moat Score is 3. 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 $2.45, compared to a current price of $22.76 — trading 829% above its estimated fair value. The current Moat Score is 3. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For D-Wave Quantum (QBTS), the current Moat Score is 3 as of Jun. 28, 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 $22.76 is trading 829% above its estimated GF Value™ of $2.45. GuruFocus considers D-Wave Quantum to be Significantly Overvalued.

Key valuation signals for QBTS:

  • Moat Score: 3
  • GF Value™: $2.45 vs. price of $22.76 (829% above fair value)
  • GF Score™: 64/100 with 4 warning signs

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 Business Description

Address 2650 East Bayshore Road, Palo Alto, CA, USA, 94303
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

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$22.76
Price
$2.45
GF Value