Latest Ratios: P/E Ratio 28.8x · EV/EBITDA N/A · ROE 5.2%. (2023–2025 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 | FY 2023 |
|---|---|---|---|---|
| Market Cap | $66M | $31M | $77M | $77M |
| Enterprise Value | $68M | $33M | $77M | $77M |
| P/E Ratio → | 28.81 | 28.28 | 44.50 | 901.80 |
| P/S Ratio | — | — | — | — |
| P/B Ratio | 5.08 | 4.99 | 2.11 | 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 | FY 2023 |
|---|---|---|---|---|
| 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 | FY 2023 |
|---|---|---|---|---|
| Gross Margin | — | — | — | — |
| Operating Margin | — | — | — | — |
| Net Profit Margin | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ROE | 5.2% | 5.2% | 3.7% | 0.1% |
| ROA | 4.3% | 4.3% | 3.5% | 0.1% |
| ROIC | -3.3% | -3.3% | -1.6% | — |
| ROCE | -4.2% | -4.2% | -2.1% | -0.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Debt / Equity | 0.28 | 0.28 | 0.01 | — |
| Debt / EBITDA | — | — | — | — |
| Net Debt / Equity | — | 0.28 | 0.01 | -0.01 |
| Net Debt / EBITDA | — | — | — | — |
| Debt / FCF | — | — | — | — |
| Interest Coverage | — | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Current Ratio | 0.02 | 0.02 | 0.10 | 2.09 |
| Quick Ratio | 0.02 | 0.02 | 0.10 | 2.09 |
| Cash Ratio | 0.01 | 0.01 | 0.07 | 1.86 |
| 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 | FY 2023 |
|---|---|---|---|---|
| Dividend Yield | — | — | — | — |
| Payout Ratio | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Earnings Yield | 3.5% | 3.5% | 2.2% | 0.1% |
| FCF Yield | — | — | — | — |
| Buyback Yield | 46.0% | 97.2% | 31.1% | 0.0% |
| Total Shareholder Yield | 46.0% | 97.2% | 31.1% | 0.0% |
| Shares Outstanding | — | $3M | $7M | $8M |
Imminent capital exhaustion
According to recent market data, BAYA trades at a P/B ratio of 5.08, which appears to reflect a speculative premium over its pro-rata trust value rather than any underlying operational earnings power, as the company currently lacks the revenue streams necessary to justify a traditional P/E multiple.
The P/E ratio of 28.81 is largely an artifact of non-operating accounting adjustments rather than fundamental performance. Investors should monitor this valuation closely, as it likely incorporates an embedded option value on the sponsor's ability to source a high-quality merger target before the liquidation deadline.
Based on reported financial statements, BAYA has consistently generated negative ROIC, reaching -4.5% in 2026Q1, which underscores the structural reality that the company is consuming its invested capital to fund administrative search activities rather than generating returns through productive business operations.
The decay in ROIC from near-zero levels in 2023Q4 to current negative figures suggests that the cost of maintaining the shell structure is outpacing any interest income generated by the trust. This trend warrants further investigation into whether the sponsor can pivot to a value-accretive transaction before capital is fully depleted.
As indicated by recent SEC filings, the company's current ratio has deteriorated significantly to 0.03 in 2026Q1, signaling a precarious liquidity position that leaves the entity highly dependent on external sponsor support to meet its short-term administrative obligations as the search for a target continues.
The collapse of the quick ratio from 2.09 in 2023Q4 to near-zero levels suggests that the company has exhausted its readily available working capital. This trend implies that the firm may face an imminent need for additional promissory notes or dilutive financing to remain a going concern.
Based on the company's reported figures, the debt-to-equity ratio has climbed from zero in 2024Q2 to 0.33 in 2026Q1, indicating an increasing reliance on external financing to cover operational costs as the entity's internal cash reserves continue to dwindle toward nominal levels.
The shift toward debt financing suggests that the sponsor is increasingly subsidizing the search process, which may create future dilution for common shareholders. Investors should monitor the terms of these obligations, as they could impact the final equity distribution in the event of a successful business combination.
As reported in financial statements, the P/E ratio is the most commonly misapplied metric for BAYA, as it obscures the company's lack of operational revenue and the distortive impact of non-cash warrant liability revaluations on the bottom line.
Analysts should instead focus on the net cash burn rate and the pro-rata trust value per share to assess the company's true financial health. Relying on earnings-based multiples for a pre-combination shell company may lead to a fundamental misunderstanding of the entity's risk profile and capital structure.
Includes 30+ ratios · 3 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying BAYA stock.
Bayview Acquisition Corp Class A Ordinary Shares's current P/E ratio is 28.8x. The historical average is 36.4x. This places it at the 50th percentile of its historical range.
Bayview Acquisition Corp Class A Ordinary Shares's return on equity (ROE) is 5.2%. The historical average is 3.0%.
Based on historical data, Bayview Acquisition Corp Class A Ordinary Shares is trading at a P/E of 28.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.