Latest Ratios: P/E Ratio 41.8x · EV/EBITDA N/A · ROE 3.4%. (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 | $235M | $170M | $218M |
| Enterprise Value | $239M | $174M | $217M |
| P/E Ratio → | 41.85 | 40.88 | 52.95 |
| P/S Ratio | — | — | — |
| P/B Ratio | 1.06 | 1.03 | 1.37 |
| 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 | — | — | 51.47 |
| EV / EBIT | — | — | 51.47 |
| 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 | 3.4% | 3.4% | 2.6% |
| ROA | 3.3% | 3.3% | 2.5% |
| ROIC | -0.7% | -0.7% | — |
| ROCE | -0.9% | -0.9% | -0.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / Equity | 0.02 | 0.02 | — |
| Debt / EBITDA | — | — | — |
| Net Debt / Equity | — | 0.02 | -0.01 |
| Net Debt / EBITDA | — | — | -0.21 |
| Debt / FCF | — | — | — |
| Interest Coverage | -2.73 | -2.73 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Current Ratio | 0.91 | 0.91 | 25.30 |
| Quick Ratio | 0.91 | 0.91 | 25.30 |
| Cash Ratio | 0.01 | 0.01 | 21.29 |
| 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 | 2.4% | 2.4% | 1.9% |
| FCF Yield | — | — | — |
| Buyback Yield | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | — | — |
| Shares Outstanding | — | $16M | $22M |
Imminent Liquidation Deadline
According to current market data, MACI trades at a P/E of 41.85, a valuation that appears disconnected from its status as a pre-revenue shell company, suggesting investors are pricing in a high-risk call option on the sponsor's ability to execute a merger before the liquidation deadline.
The elevated P/E ratio is likely an artifact of non-operating income rather than fundamental earning power, as the company lacks any core business operations. Investors should interpret this multiple with extreme caution, as it implies a growth trajectory that is entirely dependent on the quality of an unidentified target rather than existing assets.
Based on the company's 2026Q1 financial statements, the current ratio has deteriorated to 0.78, marking a significant decline from the 27.91 ratio observed in 2025Q1 and indicating that the entity may struggle to meet its short-term administrative obligations without further sponsor-provided capital injections.
The rapid collapse in liquidity suggests that the company is consuming its remaining cash reserves at an unsustainable pace. This trend warrants close monitoring, as a current ratio below unity typically signals that the entity is becoming increasingly reliant on external financing to maintain its basic compliance and search functions.
As reported in quarterly balance sheet data, MACI's total debt has climbed to $3.9M in 2026Q1 from zero in 2024Q4, reflecting an increasing dependence on sponsor-backed promissory notes to fund ongoing search costs in the absence of any internal revenue generation or operational cash flow.
The shift toward debt financing suggests that the sponsor is effectively subsidizing the search process, which may create pressure to finalize a deal to recoup these outlays. Analysts should consider whether this rising leverage will complicate the capital structure of any future business combination or limit the company's negotiating leverage.
Financial analysts frequently misapply the P/E ratio to MACI, a metric that obscures the reality of a shell company by treating non-operating interest income as sustainable earnings, when in fact the entity's true economic performance is better captured by its quarterly cash burn rate and remaining search runway.
Using earnings-based multiples for a SPAC is fundamentally flawed because it ignores the temporary nature of the trust account interest and the lack of operational scale. Investors should instead focus on the 'cash-to-burn' ratio to assess how much time remains before the company must either announce a transaction or face liquidation.
Includes 30+ ratios · 2 years · Updated daily
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Quick answers to the most common questions about buying MACI stock.
Melar Acquisition Corp. I's current P/E ratio is 41.8x. The historical average is 46.9x. This places it at the 50th percentile of its historical range.
Melar Acquisition Corp. I's return on equity (ROE) is 3.4%. The historical average is 3.0%.
Based on historical data, Melar Acquisition Corp. I is trading at a P/E of 41.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.