Is QBTS or RGTI more undervalued in 2026?

CirclFi compares D-Wave Quantum Inc. (QBTS) and Rigetti Computing, Inc. (RGTI) using 13 institutional-grade valuation models. QBTS has a Quality of Company score of 7.2/10 while RGTI scores 5.3/10.

Which is a better buy — QBTS or RGTI?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do QBTS and RGTI valuations compare?

QBTS at $29.49 and RGTI at $27.03 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

QBTS vs RGTI Valuation Comparison 2026 — Intrinsic Value Analysis

QBTS

Computer Hardware

D-Wave Quantum Inc.

Quality

7.2

out of 10

Value Trap

SAFE

Price

$29.49

Last close

Models

12/13

Active

RGTI

Computer Hardware

Rigetti Computing, Inc.

Quality

5.3

out of 10

Value Trap

SAFE

Price

$27.03

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	QBTS Fair Value	QBTS Upside	RGTI Fair Value	RGTI Upside
Bayesian DCF	Intrinsic	$10.48	-64.5%	$8.21	-69.6%
Earnings Power Value	Intrinsic	$3.22	-84.3%	$0.21	-98.8%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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QBTS vs RGTI — Which Stock Is More Undervalued?

QBTS scores higher with a 7.2/10 quality rating vs RGTI's 5.3/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing D-Wave Quantum Inc. (QBTS) and Rigetti Computing, Inc. (RGTI) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

QBTS currently trades at $29.49 with a QOC of 7.2/10, while RGTI trades at $27.03 with a QOC of 5.3/10.

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 Topology), and ensemble methods (CUCE).