LVT's ARR is $53.8m and its trailing annual ARR growth is just under 35%. I encourage you to do some research and discover why LVT had a falling SP most of last year when ARR growth was much higher (between 100 & 150%). SaaS companies (more than 50) on the ASX trade at ARR multiples ranging from 2.5 to 20+, which suggests that the market has a handle on assessing value and the factors that influence that.