Latest Ratios: P/E Ratio 43.2x · EV/EBITDA N/A · ROE 2.4%. (2021–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Market Cap | $239M | $180M | — | — |
| Enterprise Value | $237M | $179M | — | — |
| P/E Ratio → | 43.20 | 51.80 | — | — |
| P/S Ratio | — | — | — | — |
| P/B Ratio | 0.74 | 0.89 | — | — |
| 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 2022 | FY 2021 |
|---|---|---|---|---|
| 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 2022 | FY 2021 |
|---|---|---|---|---|
| Gross Margin | — | — | — | — |
| Operating Margin | — | — | — | — |
| Net Profit Margin | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ROE | 2.4% | 2.4% | 0.2% | -0.7% |
| ROA | 2.3% | 2.3% | 0.2% | -0.6% |
| ROIC | — | — | -0.7% | 0.2% |
| ROCE | -1.0% | -1.0% | -0.9% | 0.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Debt / Equity | — | — | — | — |
| Debt / EBITDA | — | — | — | — |
| Net Debt / Equity | — | -0.01 | -0.01 | -0.01 |
| Net Debt / EBITDA | — | — | — | — |
| Debt / FCF | — | — | — | — |
| Interest Coverage | — | — | — | 0.51 |
Net cash position: cash ($1M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Current Ratio | 1.07 | 1.07 | 9.74 | 8.62 |
| Quick Ratio | 1.07 | 1.07 | 9.74 | 8.62 |
| Cash Ratio | 0.96 | 0.96 | 6.85 | 0.63 |
| 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 2022 | FY 2021 |
|---|---|---|---|---|
| Dividend Yield | — | — | — | — |
| Payout Ratio | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Earnings Yield | 2.3% | 1.9% | — | — |
| FCF Yield | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $17M | $19M | $19M |
Includes 30+ ratios · 3 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying NHIC stock.
NewHold Investment Corp III's current P/E ratio is 43.2x. The historical average is 51.8x.
NewHold Investment Corp III's return on equity (ROE) is 2.4%. The historical average is 0.7%.
Based on historical data, NewHold Investment Corp III is trading at a P/E of 43.2x. Compare with industry peers and growth rates for a complete picture.
Key Metrics
Top Statement Risk
Liquidation and deal execution
Metrics are mathematically derived from official filings.
Market Pricing Reflects Shell Status
As reported in financial statements, NHIC trades at a P/B ratio of 0.94, suggesting that the market currently assigns little to no premium for the sponsor's deal-making capabilities, effectively pricing the entity as a liquidation vehicle rather than a growth-oriented industrial platform.
The P/E ratio of 54.95 is largely a mathematical artifact of non-cash warrant accounting rather than a reflection of earnings power. Investors should interpret this valuation as a floor price tied to the trust account, as the lack of an identified target renders traditional forward-looking multiples entirely speculative.
Liquidity Compression Limits Search Runway
According to recent SEC filings, NHIC's current ratio has deteriorated significantly to 0.43 as of 2026Q1, indicating that the company's ability to cover short-term administrative liabilities is becoming increasingly constrained as cash reserves are depleted by ongoing search and compliance costs.
The sharp decline from historical highs above 10.0 suggests that the company is approaching a critical juncture where external capital or sponsor support may be required to maintain operations. This liquidity profile warrants close monitoring, as it may force management into a suboptimal business combination to avoid liquidation.
Capital Efficiency Remains Structurally Negative
Based on the company's reported figures, ROIC has remained consistently negative, reaching -0.4% in 2026Q1, which reflects the inherent inability of a pre-revenue shell company to generate returns on invested capital while incurring fixed administrative expenses without any offsetting operational income.
The erratic ROE fluctuations, including the 70.4% spike in 2022Q1, are driven by non-operating accounting adjustments rather than business performance. These metrics confirm that the entity is currently a capital sink, and investors should disregard these ratios as indicators of future industrial performance.
Misapplication of Traditional Profitability Metrics
As indicated by the company's financial statements, the most commonly misapplied ratio for NHIC is the P/E multiple, which obscures the reality that the company lacks active business operations and is currently burning cash to maintain its public listing status.
Analysts should instead focus on the cash burn rate and the remaining time to liquidation, as these are the only metrics that accurately reflect the company's current operational reality. Using earnings-based multiples for a shell company creates a false sense of fundamental valuation where none exists.