Shopify's price-to-sales ratio is... nearing 70!
Just a quick chart showing Shopify's price-to-sales ratio, which is nearing 70. That means investors are paying $70 to get $1 in revenue from Shopify. I have yet to see a large cap stock of this size trade at a multiple like it. Truly amazing to see.
No comment if it is overvalued or undervalued. But, it is high up on my watchlist for future volatility and I thought some of you would find it interesting.
They could grow 200%+ and I guess at that point it makes sense. But the expectations are high for them and need to hit on all cylinders.
No comment if it is overvalued or undervalued. But, it is high up on my watchlist for future volatility and I thought some of you would find it interesting.
They could grow 200%+ and I guess at that point it makes sense. But the expectations are high for them and need to hit on all cylinders.
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Leading TradingView's educational videos on Youtube: youtube.com/channel/UCfOflihrkOKDQZ_ZKtF2VfQ
Read my blog here: scheplick.com/latest-posts/
Follow me on X here: x.com/scheplick
Read my blog here: scheplick.com/latest-posts/
Follow me on X here: x.com/scheplick
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.