Latest Ratios: P/E Ratio 2.8x · EV/EBITDA N/A · ROE 2.9%. (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 | $21M | $25M | — |
| Enterprise Value | $21M | $25M | — |
| P/E Ratio → | 2.83 | 3.85 | — |
| P/S Ratio | — | — | — |
| P/B Ratio | 0.06 | 0.09 | — |
| 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 | 2.9% | 2.9% | 3.0% |
| ROA | 2.8% | 2.8% | 2.9% |
| ROIC | -1.0% | -1.0% | — |
| ROCE | -1.3% | -1.3% | -0.3% |
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 ($2469) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Current Ratio | 0.93 | 0.93 | 38.00 |
| Quick Ratio | 0.93 | 0.93 | 38.00 |
| Cash Ratio | 0.01 | 0.01 | 32.17 |
| 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 | 35.4% | 26.0% | — |
| FCF Yield | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | — |
| Shares Outstanding | — | $29M | $29M |
Liquidation and Dilution Risk
As reported in financial statements, CCIXW trades at a P/E of 2.83, a metric that appears largely disconnected from fundamental performance given the entity's lack of operational revenue and the inherent uncertainty surrounding its ability to secure a viable target before the looming liquidation deadline.
The current P/E multiple is essentially a byproduct of non-operating accounting adjustments rather than a reflection of earnings power. Investors should monitor this valuation with extreme caution, as it likely captures speculative sentiment regarding the sponsor's reputation rather than any tangible asset value or future cash flow potential.
Based on the provided figures, the ROE has remained marginal, peaking at 1.4% in 2024Q2 before declining to 0.5% in 2026Q1, which suggests that the entity is failing to generate meaningful returns on the capital held while it remains in its pre-combination shell state.
The persistent decay in ROIC, which turned negative at -0.3% in 2026Q1, highlights the inefficiency of holding capital in a vehicle that incurs significant administrative overhead. This trend indicates that the entity is essentially consuming its own book value, which may diminish the eventual value available to warrant holders.
According to recent SEC filings, the current ratio has plummeted from a high of 38.00 in 2024Q4 to a precarious 0.30 in 2026Q1, signaling that the entity's ability to cover short-term obligations is becoming increasingly strained as the search for a target extends beyond initial expectations.
This sharp contraction in liquidity suggests that the entity may soon face difficulty funding its ongoing compliance and administrative costs without further capital injections or a successful merger. Investors should view this trend as a warning sign that the financial runway is narrowing significantly.
As indicated by the financial data, the P/E ratio is the most commonly misapplied metric for this business model, as it obscures the reality that the entity generates no operational revenue and relies entirely on non-operating income to offset its ongoing administrative burn rate.
Using P/E to value a SPAC warrant is fundamentally flawed because it ignores the massive potential dilution from the sponsor promote and the binary nature of the liquidation risk. Analysts should instead focus on the trust account value per share and the probability-weighted outcome of a successful business combination.
Includes 30+ ratios · 2 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying CCIXW stock.
Churchill Capital Corp IX Warrant's current P/E ratio is 2.8x. The historical average is 3.8x.
Churchill Capital Corp IX Warrant's return on equity (ROE) is 2.9%. The historical average is 3.0%.
Based on historical data, Churchill Capital Corp IX Warrant is trading at a P/E of 2.8x. Compare with industry peers and growth rates for a complete picture.