Latest Ratios: P/E Ratio -12.4x · 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 | $234M | $79M | — |
| Enterprise Value | $231M | $76M | — |
| P/E Ratio → | -12.39 | — | — |
| 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 | 1.6% | 1.6% | -64.3% |
| ROIC | — | — | — |
| 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 | — | — | — |
| Net Debt / EBITDA | — | — | — |
| Debt / FCF | — | — | — |
| Interest Coverage | — | — | — |
Net cash position: cash ($3M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Current Ratio | 15.19 | 15.19 | — |
| Quick Ratio | 15.19 | 15.19 | — |
| Cash Ratio | 14.83 | 14.83 | — |
| 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 | — | — | — |
| FCF Yield | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | — |
| Shares Outstanding | — | $8M | $27M |
Binary merger execution risk
As reported in recent financial statements, KOYN's TTM P/E of -12.35 reflects its pre-revenue status, where market pricing is driven by the speculative value of the sponsor's deal-sourcing network rather than any underlying operational earnings or historical growth metrics typical of established financial services firms.
The negative P/E ratio is a byproduct of administrative burn rather than operational failure, which is standard for a SPAC in the search phase. Investors should note that traditional valuation multiples are largely irrelevant here, as the current market price primarily represents a floor based on trust value rather than a forward-looking assessment of future cash flows.
Based on the company's reported figures, the ROIC of -0.5% in 2026Q1 highlights the inherent inefficiency of holding capital in a trust while incurring ongoing administrative expenses, a trend that suggests the firm is currently destroying value rather than compounding it during the pre-merger period.
The negative return on capital is an expected outcome for a shell entity, yet it warrants monitoring as the duration of the search extends. The lack of operational assets means that any further decline in ROIC is directly tied to the depletion of the trust through professional fees and legal costs.
According to recent SEC filings, the current ratio has contracted sharply to 4.51 in 2026Q1 from 24.66 in 2025Q3, indicating that the firm's liquidity buffer is rapidly diminishing as it consumes its limited cash reserves to fund the ongoing due diligence and administrative search process.
This rapid compression in liquidity suggests that the company may soon face a critical juncture where it must either secure a target or seek additional sponsor funding to remain viable. The reliance on a shrinking cash pile limits the firm's ability to negotiate effectively, as the ticking clock on the SPAC's lifespan creates pressure to finalize a deal.
As indicated by the company's 2026Q1 financial data, the reported net income of $1.3 million is a misleading metric for investors, as it is primarily driven by non-cash warrant liability revaluations rather than any genuine improvement in the firm's operational or financial health.
Analysts should prioritize the cash burn rate over net income to understand the true sustainability of the firm's operations. Relying on GAAP net income in this context obscures the reality that the company is in a cash-consuming phase, and investors should adjust for these non-cash accounting distortions to assess the actual remaining runway.
Includes 30+ ratios · 2 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying KOYN stock.
CSLM Digital Asset Acquisition Corp III Class A Ordinary Shares's current P/E ratio is -12.4x. This places it at the 50th percentile of its historical range.
Based on historical data, CSLM Digital Asset Acquisition Corp III Class A Ordinary Shares is trading at a P/E of -12.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.