Latest Ratios: P/E Ratio 47.4x · EV/EBITDA N/A · ROE 2.9%. (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 | $400M | $306M | $296M |
| Enterprise Value | $400M | $306M | $294M |
| P/E Ratio → | 47.39 | 46.22 | 31.21 |
| P/S Ratio | — | — | — |
| P/B Ratio | 1.05 | 1.03 | 1.02 |
| 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 |
|---|---|---|---|
| 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 | 2.9% | 2.9% | 3.0% |
| ROA | 2.8% | 2.8% | 2.9% |
| ROIC | -1.0% | -1.0% | — |
| ROCE | -1.3% | -1.3% | -0.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / Equity | — | — | — |
| Debt / EBITDA | — | — | — |
| Net Debt / Equity | — | -0.00 | -0.01 |
| Net Debt / EBITDA | — | — | — |
| Debt / FCF | — | — | — |
| Interest Coverage | — | — | — |
Net cash position: cash ($2469) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Current Ratio | 0.93 | 0.93 | 38.00 |
| Quick Ratio | 0.93 | 0.93 | 38.00 |
| Cash Ratio | 0.01 | 0.01 | 32.17 |
| 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 | 2.1% | 2.2% | 3.2% |
| FCF Yield | — | — | — |
| Buyback Yield | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | — | — |
| Shares Outstanding | — | $29M | $29M |
Liquidation and Dilution Risk
According to recent financial data, CCIX trades at a P/E ratio of 47.26, a metric that appears largely disconnected from the entity's lack of operational revenue and its status as a pre-merger blank-check vehicle currently searching for a viable business combination target in a challenging market.
The current P/E multiple is essentially meaningless given the absence of core earnings, reflecting instead the market's speculative pricing of the sponsor's ability to source a deal. Investors should monitor whether this valuation premium persists as the search clock nears its liquidation deadline, which may force a downward re-rating.
Based on reported figures, CCIX's ROIC has trended into negative territory, reaching -0.3% in 2026Q1, which highlights the ongoing erosion of invested capital as the entity incurs administrative expenses without generating any offsetting returns from operational activities or successful business combinations.
The negative return on capital is a structural byproduct of the SPAC model during the search phase, where capital is consumed by legal and administrative overhead. This trend suggests that the longer the search persists, the more the underlying equity value is diluted by the persistent burn rate.
As reported in financial statements, the current ratio has plummeted from 38.00 in 2024Q4 to a precarious 0.30 in 2026Q1, indicating that the entity's ability to cover its short-term liabilities has significantly weakened as cash reserves are depleted by ongoing search-related administrative costs.
This rapid decline in liquidity suggests that the entity may soon require additional capital injections from the sponsor to maintain operations. Investors should be wary of the potential for dilutive financing arrangements if the current cash position remains insufficient to sustain the search for a target.
As indicated by the financial data, the most commonly misapplied metric for CCIX is the P/E ratio, which obscures the reality that the entity is a cost center rather than an operating business, making traditional valuation multiples fundamentally inappropriate for assessing its true economic value.
Analysts should instead focus on the 'Net Cash per Share' and the 'Trust Account' balance, as these metrics provide a more accurate floor for shareholder value. Relying on earnings-based multiples in a pre-merger context risks misinterpreting non-operating accounting gains as evidence of sustainable business performance.
Includes 30+ ratios · 2 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying CCIX stock.
Churchill Capital Corp IX Ordinary Shares's current P/E ratio is 47.4x. The historical average is 38.7x. This places it at the 100th percentile of its historical range.
Churchill Capital Corp IX Ordinary Shares's return on equity (ROE) is 2.9%. The historical average is 3.0%.
Based on historical data, Churchill Capital Corp IX Ordinary Shares is trading at a P/E of 47.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.