Latest Ratios: P/E Ratio 49.0x · EV/EBITDA N/A · ROE 5.1%. (2022–2025 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 | FY 2022 |
|---|---|---|---|---|---|
| Market Cap | $16M | $118M | $157M | — | — |
| Enterprise Value | $15M | $118M | $157M | — | — |
| P/E Ratio → | 49.05 | 47.82 | 83.33 | — | — |
| P/S Ratio | — | — | — | — | — |
| P/B Ratio | 7.93 | 7.74 | 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 | FY 2022 |
|---|---|---|---|---|---|
| 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 | FY 2022 |
|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — |
| Operating Margin | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| ROE | 5.1% | 5.1% | 3.1% | — | -41.0% |
| ROA | 5.0% | 5.0% | 3.1% | -24.7% | -20.9% |
| ROIC | -0.8% | -0.8% | -0.7% | — | — |
| ROCE | -1.1% | -1.1% | -0.9% | — | -41.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — |
| Net Debt / Equity | — | -0.03 | -0.01 | — | -1.96 |
| Net Debt / EBITDA | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — |
Net cash position: cash ($428700) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Current Ratio | 0.68 | 0.68 | 1.66 | 0.91 | 2.04 |
| Quick Ratio | 0.68 | 0.68 | 1.66 | 0.91 | 2.04 |
| Cash Ratio | 0.23 | 0.23 | 1.14 | 0.91 | 2.04 |
| 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 | FY 2022 |
|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Earnings Yield | 2.0% | 2.1% | 1.2% | — | — |
| FCF Yield | — | — | — | — | — |
| Buyback Yield | 100.0% | — | — | — | — |
| Total Shareholder Yield | 100.0% | — | — | — | — |
| Shares Outstanding | — | $11M | $16M | $16M | $16M |
Imminent Liquidation and Insolvency
Based on reported figures, IBAC trades at a P/E of 49.05, a metric that appears largely disconnected from the company's lack of operational revenue and the binary nature of its existence as a pre-merger shell entity awaiting a potential business combination to justify its market capitalization.
The elevated P/E ratio likely reflects speculative option value rather than fundamental earning power, as the company currently generates no core revenue. Investors should monitor whether this valuation premium can be sustained as the search period for a target nears its expiration, potentially forcing a liquidation event.
As reported in recent financial statements, the current ratio has deteriorated significantly to 0.16 in 2026Q2, down from a peak of 5.02 in 2024Q2, indicating that the company's ability to cover its short-term administrative obligations is rapidly approaching a critical failure point.
The collapse in the current ratio suggests that the entity is consuming its remaining liquid assets to fund ongoing compliance and due diligence costs. This trend warrants further investigation, as the lack of a buffer may force management into a suboptimal merger or an immediate liquidation of the vehicle.
According to historical data, IBAC has consistently reported negative ROIC, reaching -5.1% in 2026Q2, which highlights the structural inability of the shell vehicle to generate returns on invested capital prior to the successful execution of a business combination with an operating target.
The persistent negative return profile is an expected outcome for a pre-revenue SPAC, yet the trend of deepening losses suggests that the cost of maintaining the corporate structure is outpacing any potential interest income. This indicates that capital is being eroded rather than compounded during the search phase.
The P/E ratio is the most commonly misapplied metric for IBAC, as it obscures the reality that the company is a capital pool rather than an operating business, making traditional earnings-based valuation models fundamentally inappropriate for assessing its true risk-adjusted potential.
Instead of relying on P/E, investors should focus on the net tangible asset value and the cash-in-trust per share, which provide a more accurate floor for the investment. Using earnings multiples in this context risks misinterpreting non-cash accounting adjustments as genuine operational performance.
Includes 30+ ratios · 4 years · Updated daily
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Quick answers to the most common questions about buying IBAC stock.
IB Acquisition Corp. Common Stock's current P/E ratio is 49.0x. The historical average is 65.6x. This places it at the 50th percentile of its historical range.
IB Acquisition Corp. Common Stock's return on equity (ROE) is 5.1%. The historical average is -10.9%.
Based on historical data, IB Acquisition Corp. Common Stock is trading at a P/E of 49.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.