Latest Ratios: P/E Ratio 517.6x · EV/EBITDA N/A · ROE 0.5%. (2023–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2023 |
|---|---|---|---|
| Market Cap | $476M | $462M | — |
| Enterprise Value | $475M | $461M | — |
| P/E Ratio → | 517.65 | 502.45 | — |
| P/S Ratio | — | — | — |
| P/B Ratio | 1.42 | 1.37 | — |
| 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 2023 |
|---|---|---|---|
| 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 2023 |
|---|---|---|---|
| Gross Margin | — | — | — |
| Operating Margin | — | — | — |
| Net Profit Margin | — | — | — |
| Metric | TTM | FY 2025 | FY 2023 |
|---|---|---|---|
| ROE | 0.5% | 0.5% | — |
| ROA | 0.5% | 0.5% | -7.0% |
| ROIC | -0.8% | -0.8% | — |
| ROCE | -1.0% | -1.0% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2023 |
|---|---|---|---|
| Debt / Equity | — | — | — |
| Debt / EBITDA | — | — | — |
| Net Debt / Equity | — | -0.00 | — |
| Net Debt / EBITDA | — | — | — |
| Debt / FCF | — | — | — |
| Interest Coverage | — | — | — |
Net cash position: cash ($619576) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2023 |
|---|---|---|---|
| Current Ratio | 0.36 | 0.36 | 0.00 |
| Quick Ratio | 0.36 | 0.36 | 0.00 |
| Cash Ratio | 0.23 | 0.23 | 0.00 |
| 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 2023 |
|---|---|---|---|
| Dividend Yield | — | — | — |
| Payout Ratio | — | — | — |
| Metric | TTM | FY 2025 | FY 2023 |
|---|---|---|---|
| Earnings Yield | 0.2% | 0.2% | — |
| FCF Yield | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | — |
| Shares Outstanding | — | $45M | $39M |
Liquidation and deal failure
According to reported financial data, GTEN trades at a P/E of 512.25, a metric that appears largely disconnected from fundamental performance given the company's pre-revenue status and reliance on non-cash accounting adjustments to drive reported earnings in recent periods.
The elevated P/E ratio reflects the market's attempt to price the optionality of a future business combination rather than current operational output. Investors should monitor whether this valuation premium holds as the search period extends, as the lack of a definitive target makes traditional valuation multiples largely irrelevant for assessing the company's intrinsic value.
Based on 2026Q1 financial filings, GTEN's current ratio has declined to 0.29, indicating that the company's unrestricted liquid assets are increasingly insufficient to cover short-term administrative liabilities without potential reliance on sponsor-provided working capital loans.
This liquidity profile suggests a heightened risk of operational strain as the company continues to burn through its limited cash reserves. The reliance on external funding to maintain its public listing status warrants further investigation into the sponsor's willingness to continue supporting the vehicle as the liquidation deadline approaches.
As reported in financial statements, GTEN's ROIC has trended into negative territory, reaching -0.3% by 2025Q4, which underscores the company's inability to generate returns on invested capital while it remains in a pre-operational, search-only phase.
The negative return profile is a direct consequence of persistent administrative costs and the absence of revenue-generating activities. This trend suggests that shareholder capital is being systematically eroded by the fixed costs of maintaining the shell, rather than being deployed into productive assets.
The P/E ratio is the most commonly misapplied metric for GTEN, as it obscures the fact that earnings are driven by non-cash warrant liability revaluations rather than operational success, making it a poor indicator of the company's progress toward a merger.
Analysts should instead focus on the 'Trust Account Yield' and the 'Redemption Rate' as more meaningful indicators of the company's health and potential for a successful business combination. Relying on traditional profitability metrics for a blank check company may lead to a fundamental misunderstanding of the risks associated with the sponsor's search process.
Includes 30+ ratios · 2 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying GTEN stock.
Gores Holdings X, Inc.'s current P/E ratio is 517.6x. This places it at the 50th percentile of its historical range.
Gores Holdings X, Inc.'s return on equity (ROE) is 0.5%. The historical average is 0.5%.
Based on historical data, Gores Holdings X, Inc. is trading at a P/E of 517.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.