Latest Ratios: P/E Ratio 65.3x · EV/EBITDA N/A · ROE 3.3%. (2022–2025 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 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Market Cap | $115M | $67M | $148M | $200M | — |
| Enterprise Value | $117M | $70M | $149M | $199M | — |
| P/E Ratio → | 65.26 | 61.84 | 19.96 | 137.55 | — |
| P/S Ratio | — | — | — | — | — |
| P/B Ratio | 1.41 | 1.34 | 2.24 | 1.31 | — |
| 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 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — |
| EV / EBITDA | — | — | 20.08 | — | — |
| EV / EBIT | — | — | 20.08 | — | — |
| 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 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — |
| Operating Margin | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| ROE | 3.3% | 3.3% | 6.8% | 1.9% | -3.3% |
| ROA | 3.0% | 3.0% | 6.6% | 1.9% | -0.4% |
| ROIC | -0.9% | -0.9% | -1.0% | -0.5% | — |
| ROCE | -1.2% | -1.2% | -1.3% | -0.6% | -3.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.01 | — | 8.17 |
| Debt / EBITDA | — | — | 0.08 | — | 0.76 |
| Net Debt / Equity | — | 0.05 | 0.01 | -0.00 | 4.51 |
| Net Debt / EBITDA | — | — | 0.07 | — | 0.42 |
| Debt / FCF | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Current Ratio | 0.01 | 0.01 | 0.05 | 61.83 | 0.46 |
| Quick Ratio | 0.01 | 0.01 | 0.05 | 61.83 | 0.46 |
| Cash Ratio | 0.00 | 0.00 | 0.04 | 45.13 | 0.45 |
| 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 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — |
| Payout Ratio | — | — | 92.1% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Earnings Yield | 1.5% | 1.6% | 5.0% | 0.7% | — |
| FCF Yield | — | — | — | — | — |
| Buyback Yield | 15.8% | — | — | — | — |
| Total Shareholder Yield | 15.8% | — | — | — | — |
| Shares Outstanding | — | $6M | $14M | $19M | $19M |
Liquidation and deal failure
According to reported financial statements, KVAC trades at a P/E of 64.11, a figure that appears largely disconnected from operational reality given the company's status as a non-operating shell entity currently lacking any meaningful revenue streams or sustainable earnings growth potential for prospective investors.
The elevated P/E ratio likely reflects non-operating accounting adjustments rather than fundamental business performance. Investors should monitor this valuation with extreme caution, as it fails to account for the significant dilution risks inherent in the SPAC structure and the absence of a viable operating business model.
Based on the provided data, KVAC's ROIC has remained consistently negative, reaching -0.6% in 2026Q1, which suggests that the entity is failing to generate any productive return on the capital deployed during its prolonged and increasingly expensive search for a suitable acquisition target.
The persistent inability to generate positive returns on invested capital highlights the structural inefficiency of maintaining a shell entity over an extended period. This trend warrants further investigation into whether the sponsor's capital allocation strategy is capable of delivering value once a target is eventually identified.
As reported in financial statements, KVAC's current ratio has deteriorated to a precarious 0.02 as of 2026Q1, indicating that the company's liquid assets are insufficient to cover its immediate administrative obligations without relying on external financing or further capital infusions from the sponsor.
This extreme liquidity constraint suggests that the company is operating under significant financial stress, which may force management into a suboptimal merger agreement. Investors should view this lack of a liquidity buffer as a primary indicator of potential insolvency risk before a deal is finalized.
Based on the reported figures, KVAC's debt-to-equity ratio has climbed to 0.48% in 2026Q1, a notable shift from previous periods of near-zero leverage that suggests the entity is increasingly reliant on debt to sustain its basic operations as internal cash reserves are rapidly exhausted.
While the absolute level of debt remains low, the upward trend in leverage during a period of declining assets is a concerning signal of financial instability. This reliance on debt to fund administrative overhead may indicate that the sponsor is struggling to maintain the shell's viability.
As indicated by the company's financial profile, the P/E ratio is the most commonly misapplied metric for KVAC, as it erroneously implies an earnings-based valuation for a shell company whose net income is driven by non-operating items rather than core business operations.
Analysts should instead focus on the 'Trust Retention Rate' and the 'Sponsor Promote' structure to assess the true value of the vehicle. Relying on traditional earnings multiples in this context obscures the fundamental risks associated with the SPAC's potential for dilution and the binary nature of its deal-making success.
Includes 30+ ratios · 4 years · Updated daily
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Quick answers to the most common questions about buying KVAC stock.
Keen Vision Acquisition Corporation Ordinary Shares's current P/E ratio is 65.3x. The historical average is 73.1x. This places it at the 67th percentile of its historical range.
Keen Vision Acquisition Corporation Ordinary Shares's return on equity (ROE) is 3.3%. The historical average is 2.2%.
Based on historical data, Keen Vision Acquisition Corporation Ordinary Shares is trading at a P/E of 65.3x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.