Latest Ratios: P/E Ratio 7.3x · EV/EBITDA N/A · ROE 3.9%. (2023–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 |
|---|---|---|---|
| Market Cap | $158M | $412M | $397M |
| Enterprise Value | $160M | $413M | $398M |
| P/E Ratio → | 7.34 | 6.88 | 27.37 |
| P/S Ratio | — | — | — |
| P/B Ratio | 1.39 | 1.30 | 1.31 |
| 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 2024 | FY 2023 |
|---|---|---|---|
| EV / Revenue | — | — | — |
| EV / EBITDA | — | — | 52.52 |
| EV / EBIT | — | — | 52.52 |
| 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 2024 | FY 2023 |
|---|---|---|---|
| Gross Margin | — | — | — |
| Operating Margin | — | — | — |
| Net Profit Margin | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 |
|---|---|---|---|
| ROE | 3.9% | 3.9% | 2.5% |
| ROA | 3.7% | 3.7% | 2.4% |
| ROIC | -1.0% | -1.0% | — |
| ROCE | -1.3% | -1.3% | -0.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 |
|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 |
| Debt / EBITDA | — | — | 0.40 |
| Net Debt / Equity | — | 0.00 | 0.00 |
| Net Debt / EBITDA | — | — | 0.14 |
| Debt / FCF | — | — | — |
| Interest Coverage | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 |
|---|---|---|---|
| Current Ratio | 5.53 | 5.53 | 11.40 |
| Quick Ratio | 5.53 | 5.53 | 11.40 |
| Cash Ratio | 5.10 | 5.10 | 10.13 |
| 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 2024 | FY 2023 |
|---|---|---|---|
| Dividend Yield | — | — | — |
| Payout Ratio | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 |
|---|---|---|---|
| Earnings Yield | 13.6% | 14.5% | 3.7% |
| FCF Yield | — | — | — |
| Buyback Yield | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | — | — |
| Shares Outstanding | — | $38M | $38M |
SPAC charter expiration risk
According to recent financial data, NETD trades at a P/E of 7.34, a metric that lacks meaningful context given the company's status as a pre-revenue shell entity where earnings are driven by non-cash warrant liability fluctuations rather than core operational performance or sustainable business growth.
The current valuation appears to be anchored strictly to the net asset value of the trust account rather than any growth-oriented multiple. Investors should note that the absence of a forward P/E or EV/EBITDA ratio underscores the market's view of the entity as a binary outcome vehicle rather than an operating business.
Based on reported figures, NETD's ROIC has trended into negative territory, reaching -1.2% in 2025Q3, which highlights the structural inability of the current shell structure to generate returns on invested capital prior to the successful identification and integration of a target acquisition.
The negative return profile is an expected consequence of the high administrative burn rate relative to the interest income generated by the trust. This trend suggests that capital is being eroded by search costs, which warrants close monitoring as the company approaches its mandatory liquidation deadline.
As reported in recent SEC filings, the company's current ratio plummeted to 0.23 in 2025Q3 from 2.86 in the prior quarter, indicating that the entity's ability to cover short-term obligations is rapidly deteriorating as the cash reserves are consumed by ongoing operational and administrative expenses.
This sharp decline in liquidity suggests that the company may be nearing a point where it must either secure additional sponsor funding or accelerate its merger timeline to avoid insolvency. Investors should interpret this as a signal of heightened financial stress compared to the more stable liquidity profile observed in 2024.
As indicated by the financial statements, the most commonly misapplied ratio for NETD is the P/E multiple, which obscures the reality that the company generates no operational revenue and that reported net income is merely a byproduct of accounting adjustments related to volatile warrant liabilities.
Analysts should instead focus on the Net Asset Value per share and the remaining cash runway, as these metrics provide a more accurate assessment of the company's floor value and survival probability. Relying on earnings-based valuation for a SPAC is fundamentally flawed and may lead to a significant mispricing of the underlying risk.
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 NETD stock.
Nabors Energy Transition Corp. II Class A Ordinary Shares's current P/E ratio is 7.3x. The historical average is 17.1x. This places it at the 50th percentile of its historical range.
Nabors Energy Transition Corp. II Class A Ordinary Shares's return on equity (ROE) is 3.9%. The historical average is 3.2%.
Based on historical data, Nabors Energy Transition Corp. II Class A Ordinary Shares is trading at a P/E of 7.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.