Rigetti ComputingRGTI -2.65%67 Return-on-Tangible-Equity is 23.44% as of Mar. 2026. GuruFocus rates RGTI with a GF Score™ of 67/100 and a GF Value™ of $1.06 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,387 Hardware companies, Rigetti Computing ranks worse than 93.67% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Rigetti Computing's annualized net income for the quarter that ended in Mar. 2026 was $132.44 Mil. Rigetti Computing's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $564.90 Mil. Therefore, Rigetti Computing's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 23.44%.
The historical rank and industry rank for Rigetti Computing's Return-on-Tangible-Equity or its related term are showing as below:
RGTI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -170.2 Med: -97.5 Max: -49.89
Current: -49.89
During the past 6 years, Rigetti Computing's highest Return-on-Tangible-Equity was -49.89%. The lowest was -170.20%. And the median was -97.50%.
RGTI's Return-on-Tangible-Equity is ranked worse than 93.67% of 2387
companies
in the Hardware industry
Industry Median: 5.28
vs RGTI: -49.89
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Rigetti Computing Return-on-Tangible-Equity Related Terms
Rigetti Computing Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Rigetti Computing's Return-on-Tangible-Equity 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.
RGTI vs QBTS, QUBT, BRAI: Return-on-Tangible-Equity Comparison
For the Computer Hardware subindustry, Rigetti Computing's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Rigetti Computing Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Rigetti Computing's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Rigetti Computing's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 23.44% mean?
Rigetti Computing (RGTI) has a Return-on-Tangible-Equity of 23.44% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Rigetti Computing and its competitors. According to the industry distribution chart, Rigetti Computing ranks #2236 out of 2387 companies in the Hardware industry, placing it in the top 93.7%.
Is Rigetti Computing's Return-on-Tangible-Equity too high?
Rigetti Computing's current Return-on-Tangible-Equity is 23.44%. The Hardware industry median Return-on-Tangible-Equity is 5.28. Rigetti Computing's value of 23.44% is 343.9% above this industry median. Based on the distribution chart, Rigetti Computing ranks #2236 out of 2387 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Rigetti Computing has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rigetti Computing's Return-on-Tangible-Equity compare to QBTS and QUBT?
According to the Hardware industry distribution chart, Rigetti Computing ranks #2236 out of 2387 companies for Return-on-Tangible-Equity. This places Rigetti Computing in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.28. Rigetti Computing's value of 23.44% is 343.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.28, based on 2,387 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Rigetti Computing's current Return-on-Tangible-Equity of 23.44% is 343.9% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Rigetti Computing and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rigetti Computing's current Return-on-Tangible-Equity is 23.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rigetti Computing stock overvalued right now?
Based on GuruFocus' analysis, Rigetti Computing (RGTI) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.06, compared to a current price of $16.54 — trading 1460.4% above its estimated fair value. The current Return-on-Tangible-Equity is 23.44% and 343.9% above the Hardware industry median of 5.28. Rigetti Computing's overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Rigetti Computing (RGTI), the current Return-on-Tangible-Equity is 23.44% as of Mar. 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 Rigetti Computing (RGTI) Overvalued in 2026?
Based on GuruFocus' analysis, Rigetti Computing stock appears to be overvalued.
The current stock price of $16.54 is trading 1460.4% above its estimated GF Value™ of $1.06.
GuruFocus considers Rigetti Computing to be Significantly Overvalued.
Key valuation signals for RGTI:
Return-on-Tangible-Equity: 23.44%
GF Value™: $1.06 vs. price of $16.54 (1460.4% above fair value)
Industry Position: 343.9% above the Hardware median (#2236 of 2387)
No single metric tells the full story. See the RGTI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rigetti Computing Inc builds quantum computers and the superconducting quantum processors that power them. The Company sells 9-qubit to 108-qubit quantum computing systems under the Novera and Cepheus trade names. Through the Rigetti Quantum Cloud Services (QCS) platform, the Company's machines can be integrated into any public, private or hybrid cloud. The Company also operates in Fremont, California; London, United Kingdom; Adelaide, Australia; British Columbia, Canada and Mumbai, India. The Company's revenue is derived from operations in the United States and the United Kingdom.
67GF Score
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