Latest Ratios: P/E Ratio 38.5x · 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 | $318M | $242M | $116M |
| Enterprise Value | $319M | $242M | $115M |
| P/E Ratio → | 38.54 | 37.54 | 55.50 |
| P/S Ratio | — | — | — |
| P/B Ratio | 1.06 | 1.03 | 0.51 |
| 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 | — | — | 37.78 |
| EV / EBIT | — | — | 37.78 |
| 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% | 1.4% |
| ROA | 3.5% | 3.5% | 1.3% |
| ROIC | -0.5% | -0.5% | — |
| ROCE | -0.6% | -0.6% | -0.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | — |
| Debt / EBITDA | — | — | — |
| Net Debt / Equity | — | 0.00 | -0.00 |
| Net Debt / EBITDA | — | — | -0.26 |
| Debt / FCF | — | — | — |
| Interest Coverage | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Current Ratio | 0.85 | 0.85 | 3103.66 |
| Quick Ratio | 0.85 | 0.85 | 3103.66 |
| Cash Ratio | 0.25 | 0.25 | 10.57 |
| 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 | 2.6% | 2.7% | 1.8% |
| FCF Yield | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $23M | $12M |
Liquidation and deal execution
As reported in financial statements, POLE trades at a P/B of 1.06, which suggests that the market is pricing in a modest premium over the trust account's redemption value, reflecting investor sentiment regarding the sponsor's ability to identify a high-quality target within the automotive technology sector.
The current P/E of 38.39 is largely an artifact of non-operating interest income rather than fundamental earnings, rendering traditional valuation multiples largely irrelevant for this shell entity. Investors should monitor whether this premium persists as the liquidation clock approaches, as any significant discount to the trust value may indicate waning confidence in the sponsor's deal-making capabilities.
Based on recent SEC filings, POLE's current ratio has experienced significant volatility, dropping from 13.53 in 2024Q3 to 31.35 in 2026Q1, though this metric is heavily skewed by the classification of trust assets rather than true operational liquidity available for ongoing administrative expenses.
The sharp decline in available working capital cash, now down to approximately $48,469, suggests that the entity is increasingly reliant on sponsor support or external financing to maintain its public listing. This liquidity profile warrants close monitoring, as the inability to cover compliance costs could force an premature liquidation or a dilutive capital raise.
According to the 2026Q1 balance sheet, the emergence of $1.1M in total debt marks a departure from the entity's previous zero-debt status, indicating that the shell is now utilizing external capital to bridge the gap between interest income and rising administrative burn rates.
While the D/E ratio remains low, the shift toward debt financing suggests that the sponsor is attempting to preserve the trust account for the eventual business combination. Investors should interpret this as a sign of structural stress, as the cost of servicing this debt may further erode the net equity available to shareholders upon a potential merger.
As indicated by the provided financial data, the most commonly misapplied ratio for POLE is the P/E multiple, which obscures the fact that the entity generates zero operating revenue and relies entirely on non-recurring interest income to report positive net income figures.
Analysts should instead focus on the 'premium to trust' and the 'cash burn rate' as primary indicators of value and sustainability. Relying on P/E or other profitability-based ratios for a pre-combination SPAC is fundamentally flawed, as it ignores the reality that the current income statement is a temporary byproduct of the shell structure rather than a reflection of business performance.
Includes 30+ ratios · 2 years · Updated daily
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Quick answers to the most common questions about buying POLE stock.
Andretti Acquisition Corp. II's current P/E ratio is 38.5x. The historical average is 46.5x. This places it at the 50th percentile of its historical range.
Andretti Acquisition Corp. II's return on equity (ROE) is 3.6%. The historical average is 2.5%.
Based on historical data, Andretti Acquisition Corp. II is trading at a P/E of 38.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.