Assessing Quantum Computing’s Valuation As Rosenblatt Coverage Highlights Luminar Acquisition Potential - Yahoo Finance UK
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Assessing Quantum Computing’s Valuation As Rosenblatt Coverage Highlights Luminar Acquisition Potential Simply Wall St January 20, 2026 3 min read QUBT +4.34% Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Rosenblatt Securities’ initiation of coverage on Quantum Computing (QUBT), highlighting its product pipeline and planned Luminar fabrication asset acquisition, has turned investor attention toward how this quantum hardware name is repositioning itself. See our latest analysis for Quantum Computing. The recent 4.3% 1 day share price return and 16.6% 30 day share price return to US$12.70, alongside a 1 year total shareholder return of 29.2% and a very large 3 year total shareholder return, suggest momentum has picked up again after a 20.6% 90 day share price decline. This comes as investors reassess growth potential and risks around the Luminar asset bid and conference appearances at CES and the Needham Growth Conference. If quantum hardware is on your radar, it can help to see what else is setting the pace among high growth tech and AI names, starting with high growth tech and AI stocks.
With Quantum Computing trading at US$12.70 against analyst targets closer to US$18 to US$22, yet still loss making with a value score of 1, is this genuine mispricing, or is the market already factoring in future growth? Price to Book of 3.2x: Is it justified?
With Quantum Computing last closing at US$12.70, the current price implies a P/B multiple of 3.2x, which screens differently depending on which peer group you compare it to. P/B looks at how the market values a company relative to its net assets, which can be a useful cross check for a business that is still loss making.
For Quantum Computing, this lens matters because revenue is currently US$546,000 and the company reported a net loss of US$68.36m, so earnings based multiples are not yet meaningful. On one hand, statements flag that QUBT is considered good value when compared with a peer set trading around 13x P/B, which makes 3.2x look conservative. On the other hand, when you compare the same 3.2x figure to the wider US Tech industry average of 2.4x, QUBT screens as more expensive. This suggests the market is already assigning a premium to its asset base relative to the broader sector. This split picture means the P/B signal depends heavily on which reference point you prefer, whether that is a tighter peer group at 13x or the wider tech industry at 2.4x. See what the numbers say about this price — find out in our valuation breakdown. Result: Price to book of 3.2x (ABOUT RIGHT) However, you still need to weigh execution risk around the Luminar acquisition and the current US$68.36m net loss, which could pressure sentiment if progress stalls.
Story Continues Find out about the key risks to this Quantum Computing narrative.Build Your Own Quantum Computing NarrativeIf you would rather weigh the numbers yourself and reach your own view, you can pull the data together and build a full Quantum Computing story 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 caught your eye, do not stop there. Broaden your watchlist with a few targeted screens that can help you spot other interesting setups.Spot potential high growth at bargain prices by scanning these 868 undervalued stocks based on cash flows to see which companies the market might be overlooking today. Tap into the AI theme with focus by reviewing these 24 AI penny stocks, which bring together artificial intelligence and compelling fundamentals. Stay ahead of the next wave in computing by checking out these 23 quantum computing stocks, which zero in on businesses tied to quantum technology. 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.Companies discussed in this article include QUBT.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.