Latest Ratios: P/E Ratio 3.6x · EV/EBITDA N/A · ROE 3.6%. (2020–2025 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 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Market Cap | $30M | $248M | — | — | — | — |
| Enterprise Value | $30M | $247M | — | — | — | — |
| P/E Ratio → | 3.63 | 38.52 | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — |
| P/B Ratio | 0.10 | 1.03 | — | — | — | — |
| 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 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| 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 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| ROE | 3.6% | 3.6% | 0.4% | 47.1% | 6.9% | -0.1% |
| ROA | 3.5% | 3.5% | 0.4% | 10.4% | 4.2% | -0.1% |
| ROIC | -0.4% | -0.4% | -0.0% | -7.2% | -1.2% | -0.2% |
| ROCE | -0.5% | -0.5% | -0.0% | -7.3% | -1.5% | -0.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | 0.02 | — |
| Debt / EBITDA | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.00 | -0.01 | — | 0.01 | -0.01 |
| Net Debt / EBITDA | — | — | -3.12 | — | — | — |
| Debt / FCF | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — |
Net cash position: cash ($452680) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.91 | 1.91 | 86.51 | 0.03 | 0.00 | 9.90 |
| Quick Ratio | 1.91 | 1.91 | 86.51 | 0.03 | 0.00 | 9.90 |
| Cash Ratio | 1.55 | 1.55 | 79.81 | 0.01 | 0.00 | 8.97 |
| 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 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | 0.4% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Earnings Yield | 27.6% | 2.6% | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — |
| Shares Outstanding | — | $24M | $31M | $19M | $18M | $14M |
Liquidation and capital exhaustion
According to recent financial data, MLAC's P/E ratio of 3.63 appears artificially low, reflecting non-operating accounting adjustments rather than fundamental value, while the P/B ratio of 0.10 suggests the market is pricing in a high probability of liquidation or significant value destruction before any potential business combination occurs.
The P/E multiple is essentially meaningless for a shell company, as it is driven by warrant liability fluctuations rather than earnings power. Investors should monitor the P/B ratio, which indicates that the market is discounting the trust assets heavily, likely due to the lack of a clear, high-conviction merger target.
Based on reported figures, MLAC's ROIC has fluctuated between -33.8% and -0.1% over the last ten quarters, confirming that the entity is failing to generate any meaningful return on invested capital as it consumes its limited resources to maintain its public listing status and search for targets.
The negative ROIC trend highlights the structural inefficiency of the SPAC model during the pre-combination phase. Without an operating business to deploy capital into, the company is effectively destroying value through administrative burn, which warrants further investigation into the sponsor's ability to secure a viable target.
As reported in financial statements, MLAC's current ratio has deteriorated to 0.63 in 2026Q1, down from a peak of 86.51 in 2024Q4, signaling that the company's ability to cover its immediate administrative obligations is increasingly reliant on external sponsor support rather than internal cash reserves.
The sharp decline in the current ratio suggests that the company is rapidly exhausting its operating cash, leaving little room for the due diligence required to close a merger. This liquidity constraint may force management into a suboptimal deal or an early liquidation, which investors should monitor closely.
As indicated by the provided financial data, the most commonly misapplied metric for MLAC is net income, which frequently includes non-cash warrant liability adjustments that obscure the company's actual cash burn and operational viability, leading to a false sense of profitability in an otherwise pre-revenue shell entity.
Analysts should instead focus on the change in cash and equivalents and the remaining runway for administrative expenses. Using traditional earnings metrics for a SPAC is fundamentally flawed because it ignores the reality that the company is a financial vehicle, not an operating business, and its primary goal is capital preservation.
Includes 30+ ratios · 5 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 MLAC stock.
Mountain Lake Acquisition Corp.'s current P/E ratio is 3.6x. The historical average is 38.5x.
Mountain Lake Acquisition Corp.'s return on equity (ROE) is 3.6%. The historical average is 11.6%.
Based on historical data, Mountain Lake Acquisition Corp. is trading at a P/E of 3.6x. Compare with industry peers and growth rates for a complete picture.