Catalysts at CES and a potential acquisition

Quantum Computing (QUBT) is back in focus after a 7.3% share price move ahead of CES 2026, where it plans live demonstrations alongside a proposed US$110 million acquisition of Luminar Semiconductor.

The recent 1 day share price return of 8.63% and 7 day gain of 15.0% come after a 90 day share price decline of 42.56% and a 1 year total shareholder return decline of 31.62%. However, the 3 year total shareholder return is very large, suggesting momentum has picked up again ahead of CES and the Luminar Semiconductor news.

If CES and quantum hardware are on your radar, this could be a useful moment to widen your research and check out high growth tech and AI stocks as potential comparison points.

With revenue of just US$0.546 million, a net loss of US$68.355 million and a value score of 1, plus a share price below the US$17 analyst target, is QUBT misunderstood value or already reflecting all the hoped for future growth?

Price-to-book of 3.1x: Is it justified?

On a P/B of 3.1x, Quantum Computing’s US$11.96 share price sits at a premium to the broader US tech sector and at a discount to its closest peers.

P/B compares a company’s market value to its net assets on the balance sheet, so it is often used for early stage or loss-making tech names where earnings-based metrics are less useful.

For QUBT, the Statements Data flags that its 3.1x P/B is higher than the US tech industry average of 2.3x. This points to the market assigning a richer valuation than the wider sector. At the same time, it is described as good value versus a peer group on 5.1x P/B, which suggests investors are paying less than what similar companies trade for on this metric.

Put simply, the stock is priced more expensively than the broader industry but more cheaply than its closest peers. As a result, P/B sends a mixed signal on whether the current level is generous or restrained.

Result: Price-to-book of 3.1x (ABOUT RIGHT)

However, you still have to weigh a US$68.355 million net loss and very limited US$0.546 million revenue, as well as the execution risk around integrating any Luminar deal.

Build Your Own Quantum Computing Narrative

If this view does not quite fit how you see QUBT, you can review the numbers yourself and create a custom narrative in just a few minutes, starting with Do it your way.

A great starting point for your Quantum Computing research is our analysis highlighting 1 key reward and 4 important warning signs that could impact your investment decision.

Looking for more investment ideas?

If QUBT has your attention, do not stop there. A few minutes with the right screeners could surface opportunities you will wish you had seen earlier.

• Spot potential value gaps by checking out these 877 undervalued stocks based on cash flows that line up with your return expectations and risk comfort.
• Zero in on future-focused themes through these 25 AI penny stocks that put artificial intelligence at the center of their business models.
• Stay ahead of the next computing shift by scanning these 29 quantum computing stocks that fit your view on long term technology disruption.

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.