Latest Ratios: P/E Ratio 37.6x · EV/EBITDA N/A · ROE 3.6%. (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 | $322M | $245M | $178M |
| Enterprise Value | $322M | $245M | $177M |
| P/E Ratio → | 37.59 | 36.76 | 38.81 |
| P/S Ratio | — | — | — |
| P/B Ratio | 1.07 | 1.05 | 0.79 |
| 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 | — | — | 34.59 |
| EV / EBIT | — | — | 34.59 |
| 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 | 3.6% | 3.6% | 2.3% |
| ROA | 3.4% | 3.4% | 2.2% |
| ROIC | -0.5% | -0.5% | — |
| 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 | -0.00 |
| Net Debt / EBITDA | — | — | -0.17 |
| 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 | $18M |
Liquidation deadline execution risk
As reported in financial statements, LPAAU trades at a P/E of 37.28, a figure that appears fundamentally detached from the company's status as a pre-revenue shell entity with no underlying operational business to justify such a multiple.
The P/E ratio is essentially a function of interest income earned on the trust account rather than earnings from business operations. Investors should monitor this metric with extreme caution, as it provides no insight into the potential value of a future business combination.
Based on the provided quarterly data, the company's ROIC has consistently hovered in negative territory, reaching -0.1% in 2026Q1, which reflects the ongoing erosion of capital through administrative expenses without any offsetting operational returns.
The inability to generate positive returns on invested capital is expected for a SPAC, yet the trend suggests that the cost of maintaining the vehicle is increasingly weighing on the capital base. This decay in efficiency warrants further investigation into whether the sponsor's network can eventually offset these costs through a high-quality acquisition.
According to recent SEC filings, the company's current ratio has plummeted from a peak of 28.04 in 2024Q3 to a precarious 0.30 in 2026Q1, signaling a significant reduction in the liquidity buffer available to cover ongoing administrative and compliance-related operational expenses.
The rapid contraction in the current ratio suggests that the entity is consuming its available working capital at an accelerating pace. This trend appears to indicate that the company may face increasing pressure to secure a merger target before its liquidity position becomes critically constrained.
As reported in financial statements, the most commonly misapplied ratio for this business model is the P/E ratio, which obscures the fact that the company is a pre-revenue shell rather than an operating entity.
Using P/E to evaluate a SPAC is fundamentally flawed because it treats interest income on trust assets as sustainable earnings. Analysts should instead focus on the net cash per share after potential redemptions and the quality of the sponsor's deal-flow pipeline to assess true value.
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 LPAAU stock.
Launch One Acquisition Corp. Unit's current P/E ratio is 37.6x. The historical average is 37.8x. This places it at the 50th percentile of its historical range.
Launch One Acquisition Corp. Unit's return on equity (ROE) is 3.6%. The historical average is 2.9%.
Based on historical data, Launch One Acquisition Corp. Unit is trading at a P/E of 37.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.