price to sales ratios
Well is often lumped in with the "high flying tech" crowd, probably because of its rapid increase in share price, its early stage growth, and the fact that it is not at the moment profitable. Some figures to keep in mind for comparison:
LSPD (even after recent drop in share price) has a price to sales ratio of 14.30.
SHOP (even after recent drop in share price) has a price to sales ratio of 34.35.
WELL currently has a price to sales ratio of 5.1, and looking forward into the balance of this year where $400 million sales is estimated, our price to sales ratio will be 2.49.
Our market cap is currently less than a billion, and sales will soon be half a billion.
Although we are currently not profitable, 2022 is anticipated to be the last year where we are unprofitable. Growth, both organic and otherwise have exploded and will continue in an upward trajectory, and price to sales ratios and price to earnings ratios will only become more appealing in the years to come.