RE:RE:RE:RE: Check this out ; Well worth it.SHOP trades at 72x sales. Lots of other American SaaS or eCommerce companies trade around 40x sales.
40x sales is very expensive by any historical standard but these companies are growing extremely fast, especially since COVID started. If the growth continues the sales multiple will come down. That is the expectation.
If they don't grow fast enough, the market will punish them. If that's too risky for you there are lots of other companies with more conservative valuations. People buying at these prices think the company will grow really fast, simple as that.
glta
freeradical1 wrote: Aside from someone saying that WE is a good pick because it is smaller than SHOP I would be interesting in hearing why you think this is a buy given its current valuation at 40x revenue.