apt has a current 38x revenue valuationZip 10xsezzle 17xAffirm...

apt has a current 38x revenue valuation

Zip 10x
sezzle 17x
Affirm 20x

That kind of difference given especially zip and Afterpay are both global and zip growing faster than Afterpay in both US and ANZ it begs the question.
Either Afterpay is overvalued and should drop to a more reasonable multiple.
Or zip shareprice needs to go up

Or Afterpay have to start differentiating themselves enough to be valueds at twice the multiple of any other.
when affirms revenue is 750 million USD last FY and Afterpays is 502Million AUD you know something is up and they grew 98 and 97 % YoY revenues respectively.

I've heard of Tech stocks and multiples like this. But these software companies are generally delivering 50 percent margins not 4