Good tech companies do not trade at 5x revenue.
XRO did $848.8m in revenue in 12 months to March 31 2021.. they were trading at around $125 a share which puts them at a MC of a shade under $19b. 22x revenue.
12-25x revenue is the general ballpark for quality tech.
God know what yank tech cos are at. 40-100x sales
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Good tech companies do not trade at 5x revenue. XRO did $848.8m...
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