Quality tech on ASX typically resides in the 12-18x revenue zone, with bigger co's slightly higher. If we look at Xero as an example, they did $848m in revenue full year ending 31 March 2021 and were trading at a market cap of $19b on March 31. That equals a trading price of 22x revenue.
In the US the big co's can stretch out to 40, 50, 80x sales.
Quality tech on ASX typically resides in the 12-18x revenue...
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