Latest Ratios: P/E Ratio 51.9x · EV/EBITDA N/A · ROE 5.2%. (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 | $321M | $394M | — |
| Enterprise Value | $320M | $393M | — |
| P/E Ratio → | 51.90 | 51.30 | — |
| P/S Ratio | — | — | — |
| P/B Ratio | 1.34 | 1.32 | — |
| 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 | 5.2% | 5.2% | -3431.2% |
| ROA | 4.9% | 4.9% | -286.5% |
| ROIC | -0.3% | -0.3% | — |
| ROCE | -0.4% | -0.4% | -3431.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / Equity | — | — | 10.51 |
| Debt / EBITDA | — | — | 188.94 |
| Net Debt / Equity | — | -0.00 | 11.33 |
| Net Debt / EBITDA | — | — | — |
| Debt / FCF | — | — | — |
| Interest Coverage | — | — | — |
Net cash position: cash ($701592) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Current Ratio | 8.47 | 8.47 | 0.33 |
| Quick Ratio | 8.47 | 8.47 | 0.33 |
| Cash Ratio | 7.33 | 7.33 | — |
| 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 | 1.9% | 1.9% | — |
| FCF Yield | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | — |
| Shares Outstanding | — | $38M | $6525 |
Liquidation and deal failure
As reported in 2025Q2 financial statements, NPAC trades at a P/E of 51.90, a metric that appears largely irrelevant given the company's lack of core operational revenue and its status as a shell vehicle awaiting a potential business combination in the consumer sector.
The elevated P/E ratio is a byproduct of non-operating accounting gains rather than fundamental earning power, rendering traditional valuation multiples ineffective for assessing the company's intrinsic value. Investors should view this multiple as a reflection of market sentiment regarding the sponsor's deal-sourcing capability rather than a measure of current business performance.
According to recent SEC filings, NPAC maintains a current ratio of 13.83, yet this figure is heavily skewed by trust-restricted assets that are unavailable for the company's ongoing administrative expenses, leaving only $701,592 in operating cash to fund the search for a target.
The high current ratio provides a false sense of security, as the vast majority of assets are legally locked until a merger is consummated. The limited operating cash balance suggests that the company's liquidity position is increasingly precarious, potentially forcing management to seek external financing or face liquidation if a deal is not finalized promptly.
Based on 2025Q2 data, the company reported an ROE of 0.7%, a figure that reflects interest income generated by the trust account rather than any meaningful return on invested capital derived from productive business operations or value-creating activities within the consumer industry.
This marginal return on equity highlights the company's role as a passive capital holder rather than an active business entity. The lack of a meaningful ROIC trend suggests that the company is currently failing to compound capital, as the returns are entirely dependent on prevailing interest rates rather than management's operational execution.
As indicated by the 2025Q2 financial data, the most commonly misapplied ratio for NPAC is the Net Margin, which obscures the company's lack of core business activity by including non-cash warrant liability adjustments that do not reflect the actual economic health of the shell.
Analysts should instead focus on the 'Cash Burn Rate' relative to the remaining operating cash balance to determine the viability of the entity. Relying on standard profitability ratios for a pre-merger SPAC is fundamentally flawed, as it ignores the structural reality that the company is designed to consume capital until a target is acquired.
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 NPAC stock.
New Providence Acquisition Corp. III's current P/E ratio is 51.9x. The historical average is 51.3x. This places it at the 100th percentile of its historical range.
New Providence Acquisition Corp. III's return on equity (ROE) is 5.2%. The historical average is 5.2%.
Based on historical data, New Providence Acquisition Corp. III is trading at a P/E of 51.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.