Latest Ratios: P/E Ratio -21.7x · EV/EBITDA N/A · ROE 4.3%. (2021–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Market Cap | $3M | $117M | — | — | — | — |
| Enterprise Value | $2M | $116M | — | — | — | — |
| P/E Ratio → | -21.67 | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — |
| P/B Ratio | 126.04 | 278.02 | — | — | — | — |
| P/FCF | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | 4.3% | 4.3% | -0.1% | — | — | — |
| ROA | 4.1% | 4.1% | -0.0% | — | — | -99999900.0% |
| ROIC | -2.0% | -2.0% | -0.2% | — | — | — |
| ROCE | -2.5% | -2.5% | -0.1% | — | — | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.00 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — |
| Net Debt / Equity | — | -2.08 | -0.02 | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — |
Net cash position: cash ($871350) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.78 | 1.78 | 3.32 | — | — | 0.63 |
| Quick Ratio | 1.78 | 1.78 | 3.32 | — | — | 0.63 |
| Cash Ratio | 1.63 | 1.63 | 3.09 | — | — | 0.35 |
| Asset Turnover | — | — | — | — | — | — |
| Inventory Turnover | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $5M | $0 | $0 | $0 | $29M |
Liquidation and regulatory deadline
As reported in financial statements, ASPC's P/B ratio of 129.36 and negative TTM P/E of -22.24 reflect the entity's status as a non-operating shell, where traditional valuation multiples fail to capture the speculative nature of the underlying trust assets versus the persistent administrative cash burn.
The extreme P/B ratio suggests that the market is pricing the entity based on its potential to execute a business combination rather than its current book value. Investors should monitor whether the stock trades at a discount to its trust value, which would imply significant skepticism regarding the sponsor's ability to finalize a deal before the regulatory deadline.
Based on historical data, ASPC's ROIC has trended into deeply negative territory, reaching -31.6% in 2026Q1, which underscores the structural inability of the shell entity to generate returns on invested capital prior to the successful completion of a business combination or merger event.
The decay in ROIC is a direct consequence of persistent administrative expenses incurred without any offsetting revenue generation. This trend suggests that the company is effectively eroding its capital base, and any future improvement in returns is entirely contingent upon the successful acquisition of an operating business.
According to recent SEC filings, the current ratio has fluctuated significantly, dropping from a peak of 4.52 in 2025Q1 to 1.47 in 2026Q1, indicating that the company's ability to cover its short-term obligations is tightening as cash reserves are depleted by ongoing operational and compliance costs.
The decline in the current ratio warrants investigation, as it suggests the entity is approaching a point where additional sponsor capital may be required to maintain its listing status. The lack of revenue means that liquidity is strictly finite, leaving the company vulnerable to any unexpected legal or administrative expenses.
As indicated by the company's historical financial statements, the use of net margin or operating margin to evaluate ASPC is fundamentally flawed, as these metrics obscure the reality that the entity is a non-operating vehicle designed solely for the purpose of facilitating a future business combination.
Analysts should instead focus on the 'cash burn rate' and the 'trust account value' to assess the company's viability. Applying standard profitability ratios to a shell company creates a misleading narrative of operational failure, whereas the true metric of success is the preservation of capital until a target is identified.
Includes 30+ ratios · 5 years · Updated daily
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Quick answers to the most common questions about buying ASPC stock.
ASPAC III Acquisition Corp.'s current P/E ratio is -21.7x. This places it at the 50th percentile of its historical range.
ASPAC III Acquisition Corp.'s return on equity (ROE) is 4.3%. The historical average is 2.1%.
Based on historical data, ASPAC III Acquisition Corp. is trading at a P/E of -21.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.