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IonQ IONQ Price / book

Price / book at other companies

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International Business MachinesIBM
6.9×-1.7×
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QualcommQCOM
-1.1×
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Quanta ServicesPWR
9.1×+4.0×
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Akamai TechnologiesAKAM
3.4×+0.8×
Quest Diagnostics logo
Quest DiagnosticsDGX
2.9×+0.2×
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Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$64.7M+755%
Gross profit$15.4M+374%
Operating income-$271.5M-259%
Net income$805.4M+2,597%
EPS (diluted)$2.07+1,579%

Balance sheet

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Cash & equivalents$501.4M+209%
Total debt$30.4M+75.4%
Total equity$5.0B+550%
Total assets$6.7B+687%

Cash flow

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Operating cash flow-$151.0M-357%
CapEx$8.4M+263%
Free cash flow-$159.4M-351%

Valuation

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Market cap$21.11B+100%
Enterprise value$20.64B+97.0%
P/S112.8×-132×

Profitability

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Gross margin34.6%-15.5pp
Operating margin-443.3%-89.3pp
Net margin-1,836.3%-2,750pp

Returns & leverage

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Return on equity-108.2%-223pp
Debt / equity0.0×
Current ratio14.1×+0.9×

Where this comes from

Calculated from IonQ’s reported figures.

Based on the most recent quarter.

The official record: IonQ’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is IonQ's price / book?
IonQ (IONQ) reported price / book of 2.1× in Q1 2026.
How has IonQ's price / book changed year-over-year?
IonQ's price / book decreased by 69.2% year-over-year, from 6.9× to 2.1×.
What is the long-term trend for IonQ's price / book?
Over 4 years (2021 to 2025), IonQ's price / book has grown at a -26.3% compound annual growth rate (CAGR), from 98.1× to 29×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.