Latest Ratios: P/E Ratio 52.5x · EV/EBITDA N/A · ROE 2.7%. (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 | $86M | $64M | $74M |
| Enterprise Value | $88M | $65M | $73M |
| P/E Ratio → | 52.52 | 50.67 | 154.85 |
| P/S Ratio | — | — | — |
| P/B Ratio | 1.08 | 1.04 | 1.24 |
| 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 | — | — | 153.91 |
| EV / EBIT | — | — | 153.91 |
| 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 | 2.7% | 2.7% | 0.8% |
| ROA | 2.6% | 2.6% | 0.8% |
| ROIC | -1.1% | -1.1% | — |
| ROCE | -1.5% | -1.5% | -0.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / Equity | 0.02 | 0.02 | — |
| Debt / EBITDA | — | — | — |
| Net Debt / Equity | — | 0.02 | -0.01 |
| Net Debt / EBITDA | — | — | -0.98 |
| Debt / FCF | — | — | — |
| Interest Coverage | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Current Ratio | 0.12 | 0.12 | 5.77 |
| Quick Ratio | 0.12 | 0.12 | 5.77 |
| Cash Ratio | 0.05 | 0.05 | 4.52 |
| 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% | 2.0% | 0.6% |
| FCF Yield | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $6M | $7M |
Capital exhaustion and liquidation
According to recent market data, CAPN trades at a P/E of 52.52, a figure that appears largely disconnected from operational reality given the company's lack of revenue and its status as a pre-combination blank-check entity currently searching for an Asian target.
The elevated P/E ratio likely reflects non-cash accounting adjustments rather than fundamental earning power, as the company has no underlying business operations. Investors should monitor whether this valuation premium is supported by sponsor reputation or if it represents a mispricing of the inherent risks associated with the SPAC lifecycle.
As reported in financial statements, CAPN's ROIC has trended into negative territory, reaching -0.5% in 2026Q1, which underscores the company's inability to generate productive returns on invested capital while it remains in a dormant, pre-merger state.
The persistent decay in return metrics suggests that the capital provided by sponsors and shareholders is being consumed by administrative overhead rather than deployed into value-accretive assets. This trend warrants investigation into whether the current management team can pivot toward a target that offers a viable path to positive capital compounding.
Based on the provided balance sheet data, CAPN's current ratio has collapsed from 7.33 in 2024Q3 to a precarious 0.09 in 2026Q1, indicating a severe reduction in the company's ability to cover its short-term obligations without immediate external capital injections.
This rapid deterioration in liquidity suggests that the entity is approaching a critical juncture where its ability to fund due diligence and legal compliance is severely compromised. Investors should monitor the company's reliance on external debt, which has grown to $1.3M, as a potential indicator of impending financial distress.
The most commonly misapplied metric for CAPN is the P/E ratio, which obscures the company's lack of operational revenue and the distortive impact of non-cash derivative liabilities on reported net income.
Analysts should instead focus on the 'Cash Burn Rate' and 'Time to Liquidation' to assess the viability of the business model. Relying on earnings-based multiples in a pre-combination SPAC context may lead to a fundamental misunderstanding of the entity's risk profile and its reliance on sponsor-provided capital.
Includes 30+ ratios · 2 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 CAPN stock.
Cayson Acquisition Corp Ordinary shares's current P/E ratio is 52.5x. The historical average is 102.8x. This places it at the 50th percentile of its historical range.
Cayson Acquisition Corp Ordinary shares's return on equity (ROE) is 2.7%. The historical average is 1.8%.
Based on historical data, Cayson Acquisition Corp Ordinary shares is trading at a P/E of 52.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.