Is NTO significantly under-priced relative to peers / similar local tech companies?
Looking at a Price to Sales for the next twelve months we have;Comparable companies
Docusign : P/S NTM - 18.95
Adobe: P/S NTM - 13.20
Locally;
XRO: 18.07
APT: 23.59
NEA : 8.31
NTO is currently at 8.09 which to me seems significantly undervalued when gross margins are 89%, Net Recurring Revenue is 117%, and 40+ mil of deferred revenue.
I feel like NTO should be trading closer to Adobe levls?
What am I missing here?