Latest Ratios: P/E Ratio 57.8x · EV/EBITDA 30.3x · ROE 3.8%. (2021–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Market Cap | $54M | $78M | $97M | — | — |
| Enterprise Value | $55M | $79M | $98M | — | — |
| P/E Ratio → | 57.78 | 42.04 | 40.95 | — | — |
| P/S Ratio | — | — | — | — | — |
| P/B Ratio | 11.29 | 8.21 | 1.38 | — | — |
| 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 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — |
| EV / EBITDA | 30.31 | 43.43 | 41.24 | — | — |
| EV / EBIT | — | 43.43 | 41.24 | — | — |
| 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 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — |
| Operating Margin | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| ROE | 3.8% | 3.8% | 3.0% | -0.0% | -169.3% |
| ROA | 3.4% | 3.4% | 2.8% | -0.0% | -6.5% |
| ROIC | -2.9% | -2.9% | -3.0% | -0.0% | — |
| ROCE | -3.7% | -3.7% | -3.9% | -0.0% | -0.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Debt / Equity | 0.13 | 0.13 | 0.01 | 0.01 | 18.27 |
| Debt / EBITDA | 0.69 | 0.69 | 0.29 | — | — |
| Net Debt / Equity | — | 0.13 | 0.01 | 0.01 | 18.27 |
| Net Debt / EBITDA | 0.69 | 0.69 | 0.29 | — | — |
| Debt / FCF | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Current Ratio | 0.01 | 0.01 | 0.04 | 1.37 | 1.04 |
| Quick Ratio | 0.01 | 0.01 | 0.04 | 1.37 | 1.04 |
| Cash Ratio | 0.00 | 0.00 | 0.01 | — | — |
| 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 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Earnings Yield | 1.7% | 2.4% | 2.4% | — | — |
| FCF Yield | — | — | — | — | — |
| Buyback Yield | 100.0% | — | — | — | — |
| Total Shareholder Yield | 100.0% | — | — | — | — |
| Shares Outstanding | — | $7M | $9M | $9M | $9M |
Imminent Liquidation Deadline Risk
According to recent SEC filings, ATMC's P/E ratio of 57.78 and P/B of 11.29 appear disconnected from its status as a pre-combination shell, suggesting that market participants may be mispricing the entity's optionality relative to its actual net asset value and the high probability of liquidation.
The elevated valuation multiples are largely artifacts of accounting adjustments rather than fundamental earning power, as the company lacks operational revenue. Investors should monitor whether these premiums reflect genuine confidence in the sponsor's deal-sourcing network or merely speculative trading behavior that ignores the hard floor provided by the trust account.
As reported in financial statements, ATMC's current ratio has deteriorated to a nominal 0.01 as of 2025Q3, indicating that the entity possesses virtually no discretionary liquidity to cover administrative expenses without relying on external capital infusions from its sponsor, Alphamade Holding LP.
This extreme liquidity constraint suggests that the company is operating on a just-in-time funding basis, which leaves it highly vulnerable to any unexpected regulatory or legal costs. The reliance on sponsor-provided promissory notes to maintain the public listing warrants further investigation into the sponsor's long-term commitment to the entity.
Based on reported figures, ATMC's debt-to-equity ratio has reached 0.13, reflecting a strategic reliance on sponsor-provided promissory notes to fund ongoing search costs, which highlights the entity's inability to generate internal cash flow to support its own administrative and regulatory compliance requirements.
While the absolute debt level remains low, the rising D/E ratio in the context of a shrinking asset base suggests that the company is becoming increasingly dependent on its sponsor. This dynamic may indicate that the sponsor's willingness to backstop expenses is the only factor preventing a premature liquidation of the shell.
As indicated by the company's financial data, the P/E ratio is the most commonly misapplied metric for ATMC, as it erroneously implies the existence of sustainable earnings in a vehicle that is fundamentally designed to hold cash until a business combination is successfully consummated.
Using P/E to evaluate a pre-deal SPAC obscures the reality that net income is often distorted by non-operating accounting adjustments and warrant valuations. Analysts should instead focus on the discount or premium to the trust account's net asset value per share to gauge the true economic position of the investment.
Includes 30+ ratios · 4 years · Updated daily
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Quick answers to the most common questions about buying ATMC stock.
AlphaTime Acquisition Corp's current P/E ratio is 57.8x. The historical average is 41.5x. This places it at the 100th percentile of its historical range.
AlphaTime Acquisition Corp's current EV/EBITDA is 30.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 42.3x.
AlphaTime Acquisition Corp's return on equity (ROE) is 3.8%. The historical average is -40.6%.
Based on historical data, AlphaTime Acquisition Corp is trading at a P/E of 57.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
AlphaTime Acquisition Corp's Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.