Latest Ratios: P/E Ratio 49.5x · EV/EBITDA 136.5x · 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 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Market Cap | $101M | $71M | — | — | — | — |
| Enterprise Value | $100M | $71M | — | — | — | — |
| P/E Ratio → | 49.51 | 60.53 | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — |
| P/B Ratio | 1.04 | 1.02 | — | — | — | — |
| 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 | FY 2021 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — |
| EV / EBITDA | 136.53 | — | — | — | — | — |
| 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 | FY 2021 |
|---|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — | — |
| Operating Margin | — | — | 22643.9% | — | — | — |
| Net Profit Margin | — | — | -242.1% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | 2.4% | 2.4% | 0.0% | — | — | — |
| ROA | 2.3% | 2.3% | 0.0% | -82.8% | -107.3% | -6.9% |
| ROIC | -0.7% | -0.7% | -0.5% | -135.9% | -119.6% | — |
| ROCE | -0.9% | -0.9% | -0.7% | — | — | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.00 | — | — | — |
| Debt / EBITDA | — | — | 0.18 | — | — | — |
| Net Debt / Equity | — | -0.00 | -0.01 | — | — | — |
| Net Debt / EBITDA | — | — | -14.54 | — | — | — |
| Debt / FCF | — | — | — | — | — | — |
| Interest Coverage | — | — | 59.57 | — | — | — |
Net cash position: cash ($287601) exceeds total debt ($11730)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.48 | 0.48 | 2.63 | 0.00 | 0.00 | — |
| Quick Ratio | 0.48 | 0.48 | 2.63 | 0.00 | 0.00 | — |
| Cash Ratio | 0.36 | 0.36 | 2.14 | 0.00 | 0.00 | — |
| Asset Turnover | — | — | -0.00 | — | — | — |
| 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 | FY 2021 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | 2.0% | 1.7% | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $7M | $3M | $2M | $2M | $8M |
Includes 30+ ratios · 5 years · Updated daily
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10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying NOEM stock.
CO2 Energy Transition Corp.'s current P/E ratio is 49.5x. The historical average is 60.5x.
CO2 Energy Transition Corp.'s current EV/EBITDA is 136.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
CO2 Energy Transition Corp.'s return on equity (ROE) is 2.4%. The historical average is 1.2%.
Based on historical data, CO2 Energy Transition Corp. is trading at a P/E of 49.5x. Compare with industry peers and growth rates for a complete picture.
Key Metrics
Top Statement Risk
Imminent liquidation and delisting
Metrics are mathematically derived from official filings.
Distressed Shell Valuation Disconnect
According to reported financial data, NOEM's P/E ratio of 61.29 appears entirely disconnected from its lack of operational revenue, suggesting that the market is pricing the entity based on speculative shell value rather than any underlying fundamental earning power or tangible growth prospects within the CCUS sector.
The elevated P/E multiple is a mathematical artifact of non-operating income rather than a reflection of business performance. Investors should interpret this valuation as a premium on the remaining trust assets, which is increasingly difficult to justify given the company's inability to close a business combination.
Capital Compounding Remains Nonexistent
As reported in quarterly filings, the company's ROIC has consistently trended in negative territory, reaching -0.2% in 2026Q1, which confirms that the entity is failing to generate any productive return on its invested capital while it remains in a dormant, pre-revenue state.
The persistent decay in return metrics highlights the structural inefficiency of holding capital in a shell vehicle without an active business. This trend suggests that the longer the company remains without a target, the more value is eroded by administrative overhead and the opportunity cost of capital.
Liquidity Runway Nearing Exhaustion
Based on the company's 2026Q1 financial statements, the current ratio has declined to 2.58, yet this figure masks a critical vulnerability as the absolute cash balance has dwindled to a level that may be insufficient to cover ongoing compliance and administrative costs through the next fiscal period.
The rapid contraction in liquidity ratios indicates that the company is approaching a terminal point where it may lack the working capital to maintain its public listing. Investors should monitor the cash burn rate closely, as any further depletion will likely necessitate an immediate liquidation or a dilutive capital injection.
Misapplied P/E Valuation Metric
The P/E ratio is the most commonly misapplied metric for NOEM, as it obscures the reality that the company generates no operating revenue and is essentially a pool of capital subject to redemption, rendering traditional earnings-based valuation models entirely inappropriate for assessing this specific business model.
Instead of P/E, analysts should focus on the Net Asset Value (NAV) per share relative to the remaining trust balance and the time remaining until the liquidation deadline. Relying on earnings multiples in a pre-revenue SPAC context risks misinterpreting non-operating interest income as sustainable operational profitability.