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D-Wave QuantumXSWX:QBTS 40 Net Cash per Share is CHF1.01 as of Jun. 2026, which is 100% below its 10-year median of 11.88. GuruFocus rates XSWX:QBTS with a GF Score™ of 40/100 and a GF Value™ of CHF6.24 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 614 Hardware companies, D-Wave Quantum ranks worse than 65.31% on this metric.
D-Wave Quantum (XSWX:QBTS) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
D-Wave Quantum Net Cash per Share Related Terms
D-Wave Quantum Net Cash per Share Historical Data
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The historical data trend for D-Wave Quantum's Net Cash per Share 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:QBTS vs RGTI, QUBT, BRAI: Net Cash per Share Comparison
For the Computer Hardware subindustry, D-Wave Quantum's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Hardware Industry
For the Hardware industry and Technology sector, D-Wave Quantum's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where D-Wave Quantum's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
D-Wave Quantum's Net Cash per Share 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 (XSWX:QBTS) has a Net Cash per Share of CHF1.01 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on D-Wave Quantum and its competitors. This is 91% below median its historical median of 11.88. Over the past decade, D-Wave Quantum's Net Cash per Share has ranged from 7.51 to 56.00. According to the industry distribution chart, D-Wave Quantum ranks #401 out of 614 companies in the Hardware industry, placing it in the top 65.3%.
Is D-Wave Quantum's Net Cash per Share too high?
D-Wave Quantum's current Net Cash per Share of CHF1.01 is 91% below median its 10-year median of 11.88. Over the past 10 years, this metric has ranged from a low of 7.51 to a high of 56.00. Based on the distribution chart, D-Wave Quantum ranks #401 out of 614 companies in the Hardware industry, which is below the industry midpoint. Overall, D-Wave Quantum has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does D-Wave Quantum's Net Cash per Share compare to RGTI and QUBT?
According to the Hardware industry distribution chart, D-Wave Quantum ranks #401 out of 614 companies for Net Cash per Share. This places D-Wave Quantum in the lower half of its industry. The industry median Net Cash per Share is 9.58. Historically, D-Wave Quantum's own Net Cash per Share has ranged from 7.51 to 56.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Hardware company?
The median Net Cash per Share among Hardware companies is 9.58, based on 614 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on D-Wave Quantum and its competitors. For the Hardware industry, the median Net Cash per Share is 9.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. D-Wave Quantum's current Net Cash per Share is CHF1.01, which is 91% below median its own 10-year median of 11.88. 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 (XSWX:QBTS) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF6.24, compared to a current price of CHF17.00 — trading 172.4% above its estimated fair value. The current Net Cash per Share is CHF1.01, which is 91% below median its 10-year median of 11.88. D-Wave Quantum's overall GF Score™ is 40/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For D-Wave Quantum (XSWX:QBTS), the current Net Cash per Share is CHF1.01 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 (XSWX:QBTS) Overvalued in 2026?
Based on GuruFocus' analysis, D-Wave Quantum stock appears to be overvalued.
The current stock price of CHF17.00 is trading 172.4% above its estimated GF Value™ of CHF6.24.
GuruFocus considers D-Wave Quantum to be Significantly Overvalued.
Key valuation signals for XSWX:QBTS:
Net Cash per Share: CHF1.01 (91% below median its 10-year median of 11.88)
GF Value™: CHF6.24 vs. price of CHF17.00 (172.4% above fair value)
No single metric tells the full story. See the XSWX: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.
40GF Score
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