Latest Ratios: P/E Ratio 286.9x · EV/EBITDA N/A · ROE 6.1%. (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 | $83M | $61M | $19M |
| Enterprise Value | $82M | $60M | $17M |
| P/E Ratio → | 286.91 | 276.70 | 20.06 |
| P/S Ratio | — | — | — |
| P/B Ratio | 34.92 | 33.68 | 2.43 |
| 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 | — | — | 195.26 |
| EV / EBIT | — | — | 195.26 |
| 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 | 6.1% | 6.1% | 12.2% |
| ROA | 0.5% | 0.5% | 1.6% |
| ROIC | -0.9% | -0.9% | — |
| ROCE | -0.1% | -0.1% | -0.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / Equity | — | — | — |
| Debt / EBITDA | — | — | — |
| Net Debt / Equity | — | -0.57 | -0.17 |
| Net Debt / EBITDA | — | — | -14.98 |
| 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 | 392.79 | 392.79 | 12.01 |
| Quick Ratio | 392.79 | 392.79 | 12.01 |
| Cash Ratio | 6.49 | 6.49 | 11.97 |
| 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 | 0.3% | 0.4% | 5.0% |
| FCF Yield | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $6M | $2M |
Liquidation timeline expiration risk
As reported in financial statements, FVN's P/E ratio of 286.39 reflects a valuation decoupled from operational performance, as the market prices the entity based on the pro-rata trust value rather than earnings, which remain non-existent for this pre-combination shell company.
The elevated P/E multiple is a mathematical artifact of minimal interest income relative to the share price, rather than an indicator of growth expectations. Investors should monitor the P/B ratio of 34.86, which suggests that the market is pricing in the potential for future deal-making optionality rather than the current book value of the entity.
Based on FVN's reported figures, the ROIC has consistently hovered in negative territory, reaching -0.2% in 2026Q1, which underscores the inherent inability of a pre-merger shell company to generate returns on invested capital until a business combination is successfully executed.
The lack of positive ROIC is a structural feature of the SPAC model, where capital is held in trust rather than deployed into productive assets. The marginal fluctuations in ROE appear to be driven by interest income on trust assets rather than any improvement in operational efficiency or capital allocation.
According to recent SEC filings, FVN maintains a current ratio of 165.23 as of 2026Q1, which provides a substantial, albeit misleading, liquidity cushion that is primarily composed of cash held in trust for potential redemption rather than working capital available for operations.
While the high current ratio suggests a strong position, the entity's reliance on this trust cash for both operations and potential redemptions warrants further investigation. The rapid decline in the current ratio from 392.79 in 2025Q4 to 165.23 in 2026Q1 suggests that the entity is consuming its liquid resources to fund ongoing compliance and due diligence activities.
As evidenced by the historical data, FVN has maintained a D/E ratio of 0.00 in the most recent quarter, indicating that the entity has avoided external debt financing, which is a prudent approach given the absence of operational cash flows to service interest obligations.
The absence of debt is consistent with the standard SPAC structure, which relies on equity capital and sponsor contributions to fund the search for a target. Investors should monitor whether the entity resorts to bridge financing as the liquidation deadline approaches, as this would signal a significant shift in the risk profile.
The most commonly misapplied metric for FVN is the P/E ratio, which obscures the reality that the company is a shell entity with no operational revenue, making traditional earnings-based valuation models entirely inappropriate for assessing the intrinsic value of the sponsor's deal-sourcing network.
Analysts should instead focus on the pro-rata trust value per share and the remaining time until the liquidation deadline, as these metrics provide a more accurate reflection of the downside protection and the value of the merger optionality. Relying on P/E or other profitability ratios may lead to erroneous conclusions regarding the company's financial health and future prospects.
Includes 30+ ratios · 2 years · Updated daily
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Quick answers to the most common questions about buying FVN stock.
Future Vision II Acquisition Corp.'s current P/E ratio is 286.9x. The historical average is 20.1x. This places it at the 100th percentile of its historical range.
Future Vision II Acquisition Corp.'s return on equity (ROE) is 6.1%. The historical average is 9.1%.
Based on historical data, Future Vision II Acquisition Corp. is trading at a P/E of 286.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.