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IonQMEX:IONQ +8.21%27 PB Ratio is 5.00 as of Aug. 22, 2026, which is 14% above its 10-year median of 4.37. GuruFocus rates MEX:IONQ with a GF Score™ of 27/100 and a GF Value™ of MXN1,561.20 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,416 Hardware companies, IonQ ranks worse than 76.49% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-08-22), IonQ's share price is MXN762.00. IonQ's Book Value per Share for the quarter that ended in Jun. 2026 was MXN152.36. Hence, IonQ's PB Ratio of today is 5.00.
The historical rank and industry rank for IonQ's PB Ratio or its related term are showing as below:
MEX:IONQ'
s PB Ratio Range Over the Past 10 Years
Min: 1.14 Med: 4.37 Max: 27.61
Current: 5.14
During the past 6 years, IonQ's highest PB Ratio was 27.61. The lowest was 1.14. And the median was 4.37.
MEX:IONQ's PB Ratio is ranked worse than 76.49% of 2416
companies
in the Hardware industry
Industry Median: 2.27
vs MEX:IONQ: 5.14
During the past 12 months, IonQ's average Book Value Per Share Growth Rate was 102.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 54.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 59.20% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of IonQ was 103.40% per year. The lowest was -17.00% per year. And the median was 54.50% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
IonQ PB Ratio Related Terms
IonQ PB Ratio Historical Data
* Premium members only.
The historical data trend for IonQ's PB Ratio 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.
For the Computer Hardware subindustry, IonQ's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, IonQ's PB Ratio distribution charts can be found below:
* The bar in red indicates where IonQ's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
IonQ's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
IonQ (MEX:IONQ) has a PB Ratio of 5.00 as of Aug. 22, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on IonQ and its competitors. This is 14% above median its historical median of 4.37. Over the past decade, IonQ's PB Ratio has ranged from 1.14 to 27.61. According to the industry distribution chart, IonQ ranks #1848 out of 2416 companies in the Hardware industry, placing it in the top 76.5%.
Is IonQ's PB Ratio too high?
IonQ's current PB Ratio of 5.00 is 14% above median its 10-year median of 4.37. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 27.61. The Hardware industry median PB Ratio is 2.27. IonQ's value of 5.00 is 120.3% above this industry median. Based on the distribution chart, IonQ ranks #1848 out of 2416 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, IonQ has a GF Score™ of 27/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does IonQ's PB Ratio compare to ?
According to the Hardware industry distribution chart, IonQ ranks #1848 out of 2416 companies for PB Ratio. This places IonQ in the lower half of its industry. The industry median PB Ratio is 2.27. IonQ's value of 5.00 is 120.3% above this benchmark. Historically, IonQ's own PB Ratio has ranged from 1.14 to 27.61 over the past decade. While the company's 10-year median is 4.37 vs. the industry median of 2.27, IonQ has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Hardware company?
The median PB Ratio among Hardware companies is 2.27, based on 2,416 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IonQ's current PB Ratio of 5.00 is 120.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on IonQ and its competitors. For the Hardware industry, the median PB Ratio is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IonQ's current PB Ratio is 5.00, which is 14% above median its own 10-year median of 4.37. 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 (MEX:IONQ) is currently considered Possible Value Trap. The stock's GF Value™ is MXN1,561.20, compared to a current price of MXN762.00 — trading 51.2% below its estimated fair value. The current PB Ratio is 5.00, which is 14% above median its 10-year median of 4.37 and 120.3% above the Hardware industry median of 2.27. IonQ's overall GF Score™ is 27/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For IonQ (MEX:IONQ), the current PB Ratio is 5.00 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 (MEX:IONQ) Overvalued in 2026?
Based on GuruFocus' analysis, IonQ stock appears to be undervalued.
The current stock price of MXN762.00 is trading 51.2% below its estimated GF Value™ of MXN1,561.20.
GuruFocus considers IonQ to be Possible Value Trap.
Key valuation signals for MEX:IONQ:
PB Ratio: 5.00 (14% above median its 10-year median of 4.37)
GF Value™: MXN1,561.20 vs. price of MXN762.00 (51.2% below fair value)
Industry Position: 120.3% above the Hardware median (#1848 of 2416)
No single metric tells the full story. See the MEX: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.
27GF Score
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