QBTS vs QCLS

D-Wave Quantum Inc. vs Q/C Technologies, Inc. — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — QBTS scores higher on quality with 7.2/10 vs QCLS's 4.0/10. QBTS trades at $29.91 while QCLS trades at $4.10. Both analyzed daily using SEC EDGAR data across 13 institutional models.

QBTS

Computer Hardware
D-Wave Quantum Inc.
Quality
7.2
out of 10
Value Trap
24
SAFE
Price
$29.91
Last close
Models
12/13
Active
VS

QCLS

Computer Hardware
Q/C Technologies, Inc.
Quality
4.0
out of 10
Value Trap
25
LOW
Price
$4.10
Last close
Models
7/13
Active
QBTS
2 models active
Limited to 2/13 visible models
QCLS
2 models active
Quality 4.0/10 — below average

QBTS vs QCLS — Fair Value Comparison

QBTS
$0$12$24$35 Price$29.91 Bayesian …$10.40 (-65.2%) Earnings …$3.22 (-84.3%)
QCLS
$0$2$3$5 Price$4.10 Bayesian …$1.16 (-71.8%) Dynamic N…$0.11 (-97.3%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType QBTS Fair ValueQBTS Upside QCLS Fair ValueQCLS Upside
Bayesian DCF Intrinsic $10.40 -65.2% $1.16 -71.8%
Earnings Power Value Intrinsic $3.22 -84.3%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $1.64 -94.5% $0.11 -97.3%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%

QBTS vs QCLS — Which Stock Is More Undervalued in 2026?

QBTS scores higher with a 7.2/10 quality rating vs QCLS's 4.0/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do QBTS and QCLS Valuations Compare?

At $29.91, QBTS trades +65.2% above its Bayesian DCF fair value of $10.40, while QCLS at $4.10 trades +71.8% above its estimate of $1.16. QCLS shows a wider gap between price and intrinsic value.

Quality of Company: QBTS vs QCLS

QBTS earns a Quality of Company score of 7.2/10 compared to QCLS's 4.0/10. This is a significant quality gap — the higher-scoring company demonstrates materially stronger fundamentals across profitability, growth consistency, and balance sheet health. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: QBTS vs QCLS

QBTS carries a SAFE value trap risk (24/100) while QCLS shows LOW risk (25/100). Both companies show manageable value trap risk, suggesting their current valuations are not artificially depressed by fundamental deterioration.

Both in Computer Hardware

Both QBTS and QCLS operate in Computer Hardware, which has 38 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

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