Latest Ratios: P/E Ratio 39.8x · EV/EBITDA N/A · ROE 3.8%. (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 | $193M | $180M | $216M |
| Enterprise Value | $193M | $179M | $215M |
| P/E Ratio → | 39.78 | 38.63 | 229.17 |
| P/S Ratio | — | — | — |
| P/B Ratio | 1.05 | 1.02 | 1.27 |
| 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 | 3.8% | 3.8% | 0.6% |
| ROA | 3.7% | 3.7% | 0.6% |
| ROIC | -0.3% | -0.3% | — |
| ROCE | -0.4% | -0.4% | -0.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / Equity | — | — | — |
| Debt / EBITDA | — | — | — |
| Net Debt / Equity | — | -0.00 | -0.01 |
| Net Debt / EBITDA | — | — | — |
| Debt / FCF | — | — | — |
| Interest Coverage | — | — | — |
Net cash position: cash ($772506) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Current Ratio | 6.08 | 6.08 | 10.42 |
| Quick Ratio | 6.08 | 6.08 | 10.42 |
| Cash Ratio | 5.24 | 5.24 | 8.90 |
| 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 | 2.5% | 2.6% | 0.4% |
| FCF Yield | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $17M | $22M |
Liquidation and capital depletion
According to recent market data, NTWO trades at a P/E of 39.37, a figure that appears disconnected from fundamental reality given the company's lack of revenue and the speculative nature of its search for a business combination target within the current micro-SPAC ecosystem.
The P/E multiple is essentially a reflection of non-operating accounting adjustments rather than earnings power, rendering it a poor metric for assessing intrinsic value. Investors should monitor the P/B ratio of 1.04, which suggests the market is pricing the entity near its liquidation value, reflecting significant skepticism regarding the sponsor's ability to close a deal.
As reported in financial statements, the company's current ratio has compressed significantly from 10.42 in 2024Q4 to 5.22 in 2026Q1, signaling a rapid depletion of liquid assets relative to the ongoing administrative liabilities required to maintain the entity's regulatory standing as a public shell.
The decline in the current ratio highlights the tightening liquidity profile, which may limit management's flexibility to pursue complex acquisition structures. This trend warrants further investigation into whether the remaining cash reserves are sufficient to cover the costs of a potential merger process before the mandatory liquidation deadline.
Based on historical filings, NTWO has consistently reported negative ROIC figures, such as the -0.1% observed in 2026Q1, which underscores the structural inability of the shell entity to generate returns on invested capital while it remains in a pre-combination, non-operational state.
The persistent negative ROIC is an expected outcome for a blank-check vehicle, yet it highlights the ongoing decay of sponsor capital through administrative burn. This metric confirms that the entity is currently a capital-consuming vehicle rather than a compounding one, with no path to positive returns until a successful business combination is finalized.
Financial disclosures indicate that the use of P/E ratios to evaluate NTWO is fundamentally flawed, as the reported net income is heavily distorted by non-cash derivative warrant liabilities rather than reflecting the underlying operational health or the true economic value of the shell entity.
Investors should instead focus on the trust value per share and the remaining cash runway, as these metrics provide a more accurate assessment of the entity's viability. Relying on traditional profitability ratios in this context obscures the reality that the company is a binary bet on a future transaction rather than an ongoing business concern.
Includes 30+ ratios · 2 years · Updated daily
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Quick answers to the most common questions about buying NTWO stock.
Newbury Street II Acquisition Corp's current P/E ratio is 39.8x. The historical average is 38.6x. This places it at the 100th percentile of its historical range.
Newbury Street II Acquisition Corp's return on equity (ROE) is 3.8%. The historical average is 2.2%.
Based on historical data, Newbury Street II Acquisition Corp is trading at a P/E of 39.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.