BIII (Black Spade Acquisition III Co) EV-to-OCF: -488.70 (As of Sep. 11, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BIII Black Spade Acquisition III Co BIII
8 GF Score
Price $10.06
View Full Analysis

What is Black Spade Acquisition III Co EV-to-OCF?

Black Spade Acquisition III Co BIII 8 EV-to-OCF is -488.70 as of Sep. 11, 2026. GuruFocus rates BIII with a GF Score™ of 8/100. Among 519 Diversified Financial Services companies, Black Spade Acquisition III Co ranks worse than 192678.03% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Black Spade Acquisition III Co's Enterprise Value is $228.23 Mil. Black Spade Acquisition III Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $-0.47 Mil. Therefore, Black Spade Acquisition III Co's EV-to-OCF for today is -488.70.

The historical rank and industry rank for Black Spade Acquisition III Co's EV-to-OCF or its related term are showing as below:

BIII's EV-to-OCF is not ranked *
in the Diversified Financial Services industry.
Industry Median: -48.32
* Ranked among companies with meaningful EV-to-OCF only.

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-09-11), Black Spade Acquisition III Co's stock price is $10.06. Black Spade Acquisition III Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $0.000. Therefore, Black Spade Acquisition III Co's PE Ratio (TTM) for today is N/A.


Black Spade Acquisition III Co  (NYSE:BIII) EV-to-OCF Explanation

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Black Spade Acquisition III Co's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=10.06/0.000
=N/A

Black Spade Acquisition III Co's share price for today is $10.06.
Black Spade Acquisition III Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.000.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Black Spade Acquisition III Co EV-to-OCF Related Terms


Black Spade Acquisition III Co EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Black Spade Acquisition III Co's EV-to-OCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Black Spade Acquisition III Co EV-to-OCF Chart

Black Spade Acquisition III Co Annual Data
Trend Dec25
EV-to-OCF
0.00

Black Spade Acquisition III Co Quarterly Data
Aug25 Dec25 Mar26 Jun26
EV-to-OCF 0.00 0.00 0.00 0.00

BIII vs BLRK, SUMA, COPL: EV-to-OCF Comparison

For the Shell Companies subindustry, Black Spade Acquisition III Co's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Black Spade Acquisition III Co EV-to-OCF vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Black Spade Acquisition III Co's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Black Spade Acquisition III Co's EV-to-OCF falls into.


BIII
8GF Score
Black Spade Acquisition III Co BIII
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Black Spade Acquisition III Co EV-to-OCF Calculation

Black Spade Acquisition III Co's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=228.225/-0.467
=-488.70

Black Spade Acquisition III Co's current Enterprise Value is $228.23 Mil.
Black Spade Acquisition III Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.47 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-OCF →
What does a EV-to-OCF of -488.70 mean?
Black Spade Acquisition III Co (BIII) has a EV-to-OCF of -488.70 as of Sep. 11, 2026. According to the industry distribution chart, Black Spade Acquisition III Co ranks #999999 out of 519 companies in the Diversified Financial Services industry.
Is Black Spade Acquisition III Co's EV-to-OCF too high?
Black Spade Acquisition III Co's current EV-to-OCF is -488.70. Based on the distribution chart, Black Spade Acquisition III Co ranks #999999 out of 519 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, Black Spade Acquisition III Co has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Black Spade Acquisition III Co's EV-to-OCF compare to BLRK and SUMA?
According to the Diversified Financial Services industry distribution chart, Black Spade Acquisition III Co ranks #999999 out of 519 companies for EV-to-OCF. This places Black Spade Acquisition III Co in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Diversified Financial Services company?
A good EV-to-OCF depends on the Diversified Financial Services industry context. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. Black Spade Acquisition III Co's current EV-to-OCF is -488.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Spade Acquisition III Co stock overvalued right now?
Black Spade Acquisition III Co (BIII) has a current EV-to-OCF of -488.70. The current EV-to-OCF is -488.70. Black Spade Acquisition III Co's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Black Spade Acquisition III Co (BIII), the current EV-to-OCF is -488.70 as of Sep. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Black Spade Acquisition III Co Business Description

Address 60 Wyndham Street, Suite 2902, 29th Floor, The Centrium, Central, Hong Kong, HKG
Black Spade Acquisition III Co is a blank check company.
8GF Score

Get the complete analysis for BIII

EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.06
Price