Latest Ratios: P/E Ratio 36.3x · EV/EBITDA N/A · ROE 6.9%. (2024–2025 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 |
|---|---|---|---|
| Market Cap | $323M | $210M | — |
| Enterprise Value | $321M | $209M | — |
| P/E Ratio → | 36.33 | 34.53 | — |
| P/S Ratio | — | — | — |
| P/B Ratio | 0.95 | 0.90 | — |
| 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 |
|---|---|---|---|
| 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 |
|---|---|---|---|
| Gross Margin | — | — | — |
| Operating Margin | — | — | — |
| Net Profit Margin | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| ROE | 6.9% | 6.9% | — |
| ROA | 6.6% | 6.6% | -0.0% |
| ROIC | -0.5% | -0.5% | — |
| ROCE | -0.7% | -0.7% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / Equity | — | — | — |
| Debt / EBITDA | — | — | — |
| Net Debt / Equity | — | -0.01 | — |
| Net Debt / EBITDA | — | — | — |
| Debt / FCF | — | — | — |
| Interest Coverage | — | — | — |
Net cash position: cash ($1M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Current Ratio | 10.72 | 10.72 | — |
| Quick Ratio | 10.72 | 10.72 | — |
| Cash Ratio | 9.91 | 9.91 | — |
| 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 |
|---|---|---|---|
| Dividend Yield | — | — | — |
| Payout Ratio | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Earnings Yield | 2.8% | 2.9% | — |
| FCF Yield | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | — |
| Shares Outstanding | — | $20M | $5M |
Imminent liquidation and dilution
According to recent market data, ATII trades at a P/E of 36.07, a multiple that appears disconnected from the entity's lack of operational revenue and the reality that its primary asset is a rapidly depleting cash trust nearing its mandatory liquidation deadline as reported in SEC filings.
The current valuation reflects a speculative premium that likely ignores the high probability of a failed business combination. Investors should monitor whether the P/B ratio of 0.94 continues to compress, as this may indicate that the market is increasingly pricing in the risk of a liquidation event below the trust's net asset value.
Based on reported figures, the current ratio has plummeted from 13.59 in 2025Q3 to 3.94 in 2026Q1, signaling that the company's ability to cover its administrative obligations is deteriorating rapidly as the cash balance is consumed by ongoing compliance and due diligence costs without any offsetting revenue.
The sharp decline in the current ratio suggests that the entity's financial flexibility is severely constrained. This trend warrants investigation into whether the remaining cash is sufficient to sustain operations through the next quarter, or if management will be forced to seek dilutive financing to avoid an immediate liquidation.
As reported in financial statements, the ROIC has fluctuated significantly, reaching -17.2% in 2024Q3 and remaining near zero in subsequent periods, which underscores the entity's inability to generate any meaningful return on the capital held in trust while it searches for a viable acquisition target.
The negative return on capital is a structural feature of the shell entity, as administrative expenses consistently erode the trust's value. This trend suggests that the longer the company remains in its pre-combination state, the more value is destroyed for shareholders through the persistent accumulation of non-productive overhead.
Data from recent SEC filings suggests that the P/E ratio is the most commonly misapplied metric for ATII, as it obscures the fact that the company has no operational business and that reported earnings are merely non-cash accounting artifacts rather than indicators of sustainable earning power.
Analysts should instead focus on the cash-per-share metric and the proximity of the share price to the trust's liquidation value. Relying on P/E multiples in this context may lead to a fundamental misunderstanding of the risk-reward profile, as the entity's value is derived from its cash floor rather than its ability to generate profit.
Includes 30+ ratios · 2 years · Updated daily
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Quick answers to the most common questions about buying ATII stock.
Archimedes Tech SPAC Partners II Co. Ordinary Shares's current P/E ratio is 36.3x. The historical average is 34.5x. This places it at the 100th percentile of its historical range.
Archimedes Tech SPAC Partners II Co. Ordinary Shares's return on equity (ROE) is 6.9%. The historical average is 6.9%.
Based on historical data, Archimedes Tech SPAC Partners II Co. Ordinary Shares is trading at a P/E of 36.3x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.