Question 1

What is IonQ's P/S ratio?

Accepted Answer

IonQ (IONQ) P/S ratio is 112.6× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for IonQ?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For IonQ specifically, the relevant sector benchmark is the current sector median of 5.7×.

Question 5

Is IonQ's P/S ratio high or low?

Accepted Answer

IonQ's P/S ratio of 112.6× is below its own 5-year average of 899.6× and above the sector median of 5.7×. That places the current reading at the 27th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is IonQ's historical P/S ratio range?

Accepted Answer

In the available daily series, IonQ (IONQ) P/S ratio has ranged from a low of 44.9× in 2024 to a high of 19893.1× in 2021. The 5-year average is 899.6× and the 5-year median is 126.7×.

Question 7

What was IonQ's P/S ratio in 2025?

Accepted Answer

IonQ (IONQ) P/S ratio at the end of 2025 was 119.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does IonQ's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$15.51B	$130.02M	119.3×	-92.0×	Dec 31, 2025
2024	$9.10B	$43.07M	211.4×	+96.0×	Dec 31, 2024
2023	$2.54B	$22.04M	115.4×	+53.7×	Dec 31, 2023
2022	$687.09M	$11.13M	61.7×	-1466.5×	Dec 31, 2022
2021	$3.21B	$2.10M	1528.2×	—	Dec 31, 2021
2020	$2.08B	$0.00	—	—	Dec 31, 2020


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Zebra Technologies (ZBRA)	1.8×
Accenture (ACN)	1.8×
Amkor Technology (AMKR)	1.6×
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Block (SQ)	1.4×
Fiserv (FISV)	1.4×
Cognizant (CTSH)	1.4×
EPAM Systems (EPAM)	1.3×
Dell Technologies (DELL)	1.0×
Hewlett Packard Enterprise (HPE)	1.0×
Jabil (JBL)	0.9×
Lyft (LYFT)	0.8×
CDW (CDW)	0.7×
Science Applications International (SAIC)	0.6×
Super Micro Computer (SMCI)	0.4×
HP (HPQ)	0.3×

P/S Ratio for IonQ (IONQ)

P/S Ratio daily chart for IonQ (IONQ)

Historical P/S Ratio for IonQ (IONQ) from 2020 to 2025

About P/S Ratio at IonQ (IONQ)

IonQ P/S Ratio by Year

IonQ P/S Ratio 2025: 119.3×

IonQ P/S Ratio 2024: 211.4×

IonQ P/S Ratio 2023: 115.4×

IonQ P/S Ratio 2022: 61.7×

IonQ P/S Ratio 2021: 1528.2×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

IonQ (IONQ) Key Financials

P/S Ratio daily chart for IonQ (IONQ)

Historical P/S Ratio for IonQ (IONQ) from 2020 to 2025

About P/S Ratio at IonQ (IONQ)

IonQ P/S Ratio by Year

IonQ P/S Ratio 2025: 119.3×

IonQ P/S Ratio 2024: 211.4×

IonQ P/S Ratio 2023: 115.4×

IonQ P/S Ratio 2022: 61.7×

IonQ P/S Ratio 2021: 1528.2×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is IonQ's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for IonQ?

+Is IonQ's P/S ratio high or low?

+What is IonQ's historical P/S ratio range?

+What was IonQ's P/S ratio in 2025?

+Why does IonQ's P/S ratio change over time?

IonQ (IONQ) Key Financials