Latest Ratios: P/E Ratio 37.4x · EV/EBITDA N/A · ROE 7.8%. (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 | $312M | $244M | $196M |
| Enterprise Value | $312M | $244M | $195M |
| P/E Ratio → | 37.41 | 36.52 | 38.65 |
| P/S Ratio | — | — | — |
| P/B Ratio | — | — | 0.87 |
| 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 | 7.8% | 7.8% | 2.3% |
| ROA | 3.4% | 3.4% | 2.2% |
| ROIC | -1.1% | -1.1% | — |
| ROCE | -0.7% | -0.7% | -0.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / Equity | — | — | — |
| Debt / EBITDA | — | — | — |
| Net Debt / Equity | — | — | -0.00 |
| Net Debt / EBITDA | — | — | — |
| Debt / FCF | — | — | — |
| Interest Coverage | — | — | — |
Net cash position: cash ($30146) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Current Ratio | 0.23 | 0.23 | 9.67 |
| Quick Ratio | 0.23 | 0.23 | 9.67 |
| Cash Ratio | 0.04 | 0.04 | 7.79 |
| 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 | 2.7% | 2.7% | 2.6% |
| FCF Yield | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $23M | $19M |
Liquidation and Capital Depletion
As reported in financial statements, LPAA currently trades at a TTM P/E of 37.34, a figure that appears disconnected from the entity's lack of operational revenue and suggests that market participants are pricing in speculative deal-sourcing optionality rather than any underlying fundamental business performance or earnings power.
The P/E multiple is essentially a byproduct of non-operating accounting adjustments rather than a reflection of core profitability. Investors should monitor whether this valuation premium persists as the entity approaches its expiration window, as the lack of a definitive target makes traditional valuation metrics largely irrelevant for assessing long-term value.
Based on 2026Q1 data, the current ratio has plummeted to 0.30 from 7.05 in 2025Q1, indicating that the company's ability to cover short-term liabilities has become severely constrained as cash reserves are exhausted by ongoing professional and administrative expenses required to maintain the shell entity's status.
This rapid deterioration in liquidity suggests that the entity is nearing a critical juncture where external capital or a successful business combination is required to avoid insolvency. The current ratio trend implies that the firm's operational runway is significantly shorter than historical levels, warranting close scrutiny of future financing activities.
According to quarterly financial data, ROIC has trended into negative territory, reaching -0.4% in 2025Q3, which highlights the inherent difficulty of generating returns on invested capital while the entity remains in a pre-revenue search phase without an active business combination to drive operational efficiency or asset utilization.
The negative ROIC trend reflects the persistent administrative burn that is not being offset by any productive asset deployment. This decay in capital efficiency is expected for a SPAC, but the lack of a clear path to positive returns suggests that shareholders are effectively funding the sponsor's search costs without immediate compensation.
The most commonly misapplied metric for LPAA is the P/E ratio, which obscures the reality that the entity is a pre-revenue shell where net income is driven by non-cash warrant liability adjustments rather than operational success, making it a poor indicator of the firm's actual economic health.
Analysts should instead focus on the 'Cash held outside Trust' and the 'Time to Expiration' to gauge the entity's true viability. Relying on earnings-based multiples in this context may lead to a fundamental misunderstanding of the risks associated with the SPAC's potential for liquidation or sub-optimal deal execution.
Includes 30+ ratios · 2 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying LPAA stock.
Launch One Acquisition Corp.'s current P/E ratio is 37.4x. The historical average is 37.6x. This places it at the 50th percentile of its historical range.
Launch One Acquisition Corp.'s return on equity (ROE) is 7.8%. The historical average is 5.0%.
Based on historical data, Launch One Acquisition Corp. is trading at a P/E of 37.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.