Latest Ratios: P/E Ratio 48.8x · EV/EBITDA N/A · ROE N/A. (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 | $151M | $57M | — |
| Enterprise Value | $151M | $57M | — |
| P/E Ratio → | 48.80 | 47.86 | — |
| P/S Ratio | — | — | — |
| P/B Ratio | — | — | — |
| 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 | — | — | — |
| ROA | 3.1% | 3.1% | -1.4% |
| ROIC | — | — | — |
| ROCE | -0.6% | -0.6% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / Equity | — | — | — |
| Debt / EBITDA | — | — | — |
| Net Debt / Equity | — | — | — |
| Net Debt / EBITDA | — | — | — |
| Debt / FCF | — | — | — |
| Interest Coverage | — | — | — |
Net cash position: cash ($666920) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Current Ratio | 9.04 | 9.04 | 0.10 |
| Quick Ratio | 9.04 | 9.04 | 0.10 |
| Cash Ratio | 7.94 | 7.94 | — |
| 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 | 2.0% | 2.1% | — |
| FCF Yield | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | — |
| Shares Outstanding | — | $6M | $2500 |
Liquidation and funding risk
According to recent financial data, INAC trades at a P/E ratio of 48.76, a figure that appears disconnected from the company's lack of operating revenue and suggests market participants are pricing in speculative potential rather than any tangible fundamental performance metrics or historical earnings growth.
The elevated P/E multiple is likely an artifact of non-operating income rather than a reflection of core business value. Investors should interpret this valuation with extreme caution, as the absence of forward-looking earnings estimates renders traditional valuation multiples largely irrelevant for assessing the company's true intrinsic worth.
Based on reported figures, INAC's ROIC has fluctuated into negative territory, reaching -0.2% in 2026Q1, which highlights the entity's inability to generate productive returns on invested capital while it remains in a pre-combination shell state without any active business operations to drive value.
The negative ROIC trend underscores the structural inefficiency of maintaining a public listing without an underlying operating business. This decay in capital efficiency suggests that the company is currently a value-destructive vehicle for shareholders until a successful business combination is finalized.
As reported in recent financial statements, INAC's current ratio dropped from 11.35 in 2025Q3 to 7.84 in 2026Q1, indicating that the company's ability to cover its short-term obligations is deteriorating as cash reserves are depleted by ongoing administrative and regulatory search costs.
While a current ratio of 7.84 might appear healthy in isolation, it masks the reality of a shrinking cash pile that is essential for funding the search for a merger target. The rapid decline in liquidity suggests that the company may soon face a critical funding gap if a transaction is not secured.
As indicated by the company's negative equity position of $3.5 million in 2026Q1, the use of traditional Price-to-Book ratios is fundamentally flawed for INAC, as it obscures the reality that the entity's book value is driven by accounting adjustments rather than tangible assets.
Analysts should avoid relying on P/B or ROE for this business model, as these metrics fail to account for the unique nature of SPAC trust assets and warrant liabilities. Instead, investors should focus on the cash-in-trust per share and the remaining time to the acquisition deadline to gauge the true risk-reward profile.
Includes 30+ ratios · 2 years · Updated daily
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Quick answers to the most common questions about buying INAC stock.
Indigo Acquisition Corp.'s current P/E ratio is 48.8x. The historical average is 47.9x. This places it at the 100th percentile of its historical range.
Based on historical data, Indigo Acquisition Corp. is trading at a P/E of 48.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.