We had a discussion in the group. 30x P/S is not normal. We just stopped acting like it is.
For context:• S&P 500: ~3.5x sales• Mature SaaS: 5 to 15x• $NVIDIA(NVDA.US): ~20x• $Palantir Tech(PLTR.US): ~56x• $IonQ(IONQ.US): ~77x• $SpaceX(SPCX.US): ~110xAt 30x sales, the market is paying $30 for every $1 of revenue. Not profit. Revenue. What history says?: It usually does not stay extraordinary forever. Markets have a funny way of humbling anyone who calls 70x or 100x "the new normal."On X, its turning normal to pump stocks that are stupidly valued stocks, but think twice before acting on them.The copyright of this article belongs to the original author/organization.
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