As of the most recent data point on 2025-12-31, IONQ's PEG Ratio (5yr expected) stands at -0.03. This represents a slight decline from the previous quarter and indicates that the company's price/earnings growth expectations have shifted into negative territory. Over the period from Q1'23 to Q4'25, the PEG Ratio has shown significant volatility, with notable peaks in Q1'24 (2.63) and Q2'24 (1.83), followed by a sharp drop into negative values in subsequent quarters. The ratio fluctuated between negative and positive values, suggesting inconsistent growth expectations and market sentiment. The overall trend highlights a lack of sustained positive momentum, with the PEG Ratio ending the period near zero.