• 简

    • -+ 0.00%
    -+ 0.00%
    -+ 0.00%

    IonQ (IONQ) Valuation Check After Recent Pullback and Three-Year Surge in Shareholder Returns

    Simply Wall St·12/25/2025 02:41:16
    语音播报

    IonQ (IONQ) has been on traders’ radar after a choppy few months, with the stock sliding nearly 28% over the past 3 months but still up about 16% year to date.

    See our latest analysis for IonQ.

    At around $49.82, IonQ’s recent 7 day share price return of 8.66% and modest year to date gain contrast with a still impressive three year total shareholder return of nearly 1,500%. This hints that momentum is cooling, but the long term growth story remains very much alive.

    If IonQ’s swings have you rethinking your growth playbook, this is a good moment to scan other high potential tech names using Simply Wall St’s high growth tech and AI stocks.

    With analysts seeing roughly 50% upside yet profits still far on the horizon, is IonQ a misunderstood quantum pioneer trading below its potential, or has the market already priced in years of speculative growth?

    Price to Book of 7.8x: Is it justified?

    IonQ currently trades around $49.82, and on a price to book basis it screens as relatively inexpensive against direct peers, but expensive versus the wider US tech sector.

    The price to book ratio compares a company’s market value to its net assets, which matters for asset light, early stage businesses like IonQ where traditional earnings metrics are not yet meaningful. For a company still loss making, investors often lean on this multiple to gauge how much of a premium the market is placing on future breakthroughs rather than current profits.

    IonQ’s price to book multiple of 7.8 times is described as good value compared with similar companies that trade closer to 10.5 times book value. This suggests some restraint in how the market is pricing in its long term quantum opportunity. However, that same 7.8 times looks steep against the broader US tech industry average of about 2.1 times. This underlines how much optimism is already embedded in the shares relative to more conventional software and hardware names.

    See what the numbers say about this price — find out in our valuation breakdown.

    Result: Price to book of 7.8x (ABOUT RIGHT)

    However, execution risks remain, including slower customer adoption or setbacks in scaling its quantum hardware, which could quickly undermine today’s optimistic valuation.

    Find out about the key risks to this IonQ narrative.

    Build Your Own IonQ Narrative

    If this take does not quite match your view, or you would rather dig into the numbers yourself, you can build a complete narrative in under three minutes, Do it your way.

    A great starting point for your IonQ research is our analysis highlighting 1 key reward and 3 important warning signs that could impact your investment decision.

    Looking for more investment ideas?

    Do not stop with a single quantum name. Use the Simply Wall St Screener to uncover focused opportunities that could sharpen your edge and upgrade your portfolio.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.