Latest Ratios: P/E Ratio 65.2x · EV/EBITDA N/A · ROE 3.7%. (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 | $326M | $202M | — |
| Enterprise Value | $326M | $201M | — |
| P/E Ratio → | 65.19 | 64.31 | — |
| P/S Ratio | — | — | — |
| P/B Ratio | 0.91 | 0.90 | — |
| 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 | 3.7% | 3.7% | — |
| ROA | 3.5% | 3.5% | -0.1% |
| ROIC | -2.5% | -2.5% | — |
| ROCE | -3.2% | -3.2% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / Equity | — | — | — |
| Debt / EBITDA | — | — | 209093.11 |
| Net Debt / Equity | — | -0.00 | — |
| Net Debt / EBITDA | — | — | 172920.00 |
| Debt / FCF | — | — | — |
| Interest Coverage | — | — | — |
Net cash position: cash ($543258) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 |
|---|---|---|---|
| Current Ratio | 0.23 | 0.23 | — |
| Quick Ratio | 0.23 | 0.23 | — |
| Cash Ratio | 0.17 | 0.17 | — |
| 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 | 1.5% | 1.6% | — |
| FCF Yield | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | — |
| Shares Outstanding | — | $20M | $7M |
Liquidation and capital exhaustion
As reported in recent financial filings, FERA trades at a P/E of 65.19, a valuation metric that appears disconnected from the company's status as a pre-revenue shell entity with no operational income streams to justify such a premium relative to its underlying net asset value.
The elevated P/E ratio likely reflects non-operating accounting adjustments rather than fundamental earning power, which warrants extreme caution for investors. Given the absence of revenue, traditional valuation multiples are largely meaningless and may mislead market participants regarding the company's true economic worth.
Based on the company's 2026Q1 financial statements, the current ratio has deteriorated to 0.19, indicating that FERA's liquid assets are insufficient to cover its immediate administrative obligations without relying on external capital injections or sponsor support to maintain its public listing status.
This sharp decline in liquidity suggests that the company is rapidly exhausting its available working capital while searching for a merger target. Investors should monitor the cash burn rate closely, as the current trajectory may necessitate dilutive financing or an accelerated, potentially suboptimal, business combination.
According to historical data, FERA's ROIC has trended into negative territory, reaching -0.7% in 2026Q1, which reflects the inherent value destruction of a shell company that incurs ongoing administrative and regulatory costs without generating any offsetting operational returns on its invested capital.
The negative return profile is a structural feature of the SPAC model during the search phase rather than a reflection of poor management execution. However, the persistent decay in ROIC underscores the urgency for management to finalize a merger before the capital base is further eroded by fixed costs.
As indicated by the company's financial disclosures, the most commonly misapplied metric for FERA is the Price-to-Earnings ratio, which obscures the reality that reported net income is driven by non-cash accounting items rather than the operational profitability required to sustain a viable business model.
Investors should instead focus on the Net Asset Value per share and the remaining cash held in the trust account to assess the floor value of the investment. Relying on P/E ratios for a shell company ignores the binary nature of its business, where value is contingent on deal completion rather than recurring earnings.
Includes 30+ ratios · 2 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying FERA stock.
Fifth Era Acquisition Corp I Class A Ordinary Shares's current P/E ratio is 65.2x. The historical average is 64.3x. This places it at the 100th percentile of its historical range.
Fifth Era Acquisition Corp I Class A Ordinary Shares's return on equity (ROE) is 3.7%. The historical average is 3.7%.
Based on historical data, Fifth Era Acquisition Corp I Class A Ordinary Shares is trading at a P/E of 65.2x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.