QBTS vs. SAP: D-Wave Quantum vs. SAP Stock Comparison

Company Profile

D-Wave Quantum (QBTS) and SAP (SAP) are both classified in the Application Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.

SAP (SAP) is a mega-cap company at 269.45 billion USD, while D-Wave Quantum (QBTS) is mid-cap at 4.05 billion USD — a noticeably different scale category that can shape how their valuation multiples are read.

SAP (SAP) has more than two decades of public-market history since September 18, 1995, whereas D-Wave Quantum (QBTS) listed on December 11, 2020 and has a much shorter record to draw on.

D-Wave Quantum (QBTS) trades as ordinary local shares, while SAP (SAP) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

D-Wave Quantum (QBTS) carries a highly aggressive beta of 2.31, indicating much higher sensitivity to broad-market moves, whereas SAP (SAP) is closer to market-like at 1.09 — a noticeable difference in market-sensitivity profile.

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

D-Wave Quantum (QBTS) reports a negative ROE of -27.99%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile SAP (SAP) reports 18.18%, ranking against industry peers normally.

SAP (SAP) at 20.41% retains a top-quartile share of revenue as profit, ahead of D-Wave Quantum (QBTS) at 0.00%, which keeps about the industry-typical share.

D-Wave Quantum (QBTS) reports a negative operating margin of -1,732.06%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile SAP (SAP) reports 29.50%, ranking against industry peers normally.

Profitability Metrics

Growth

D-Wave Quantum (QBTS) at 178.54% clears its industry range for revenue growth, far stronger top-line momentum than SAP (SAP) at 7.68%, which is closer to a typical peer reading.

Only one side can be read here: SAP (SAP) reports EPS growth of 130.19%, ranked against its industry; D-Wave Quantum (QBTS) has no EPS growth figure this period.

Growth Metrics

Financial Strength

SAP (SAP) at 1.16 keeps current ratio within its industry’s typical mid-range, while D-Wave Quantum (QBTS) at 20.55 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

D-Wave Quantum (QBTS) at 0.04 keeps leverage in the lower industry quartile, while SAP (SAP) at 0.23 runs a more typical debt-to-equity mix.

Financial Strength Metrics

Dividends

D-Wave Quantum (QBTS) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile SAP (SAP) reports a yield of 1.03%, ranking against industry peers normally.

D-Wave Quantum (QBTS) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile SAP (SAP) reports a payout of 36.45%, ranking against industry peers normally.

Dividend Metrics

Valuation

An earnings multiple is available for just one side: SAP (SAP) trades at 29.07 times trailing earnings, ranked against its peers, while D-Wave Quantum (QBTS) has no P/E ratio this period.

SAP (SAP) at 6.84 prices around its industry’s typical P/S ratio, while D-Wave Quantum (QBTS) at 326.31 clears its benchmark range — QBTS looks notably rich on sales.

D-Wave Quantum (QBTS) at 3.67 sits near its industry’s typical P/B ratio, while SAP (SAP) at 73.25 prices above its benchmark range — SAP looks rich relative to book.

Valuation Metrics