Perhaps PEG Ratio? This is more relevant to co's already making...

Perhaps PEG Ratio?
This is more relevant to co's already making profits
However if market can explosive growth in their target markets.
Still learning myself.

eg
In last 6 months
Aconex, Acx, MC has increased by $700m to $1.5m
https://nz.finance.yahoo.com/q?s=acx.AX

Freelancer , Fln , MC has dropped by $600m.
https://nz.finance.yahoo.com/q?s=fln.AX

Both have revenues unprofitable.
Puzzling?
(not holding them)

--
Is It Overvalued? Look at the PEG Ratio - CFA Institute Blogs

https://blogs.cfainstitute.org/insideinvesting/.../is-it-overvalued-look-at-the-peg-ratio/
Aug 16, 2012 - In his book One Up on Wall Street, Peter Lynch (2000) wrote, “The p/e ratio of any company that’s fairly priced will equal its growth rate” (p. 199). .
Price/Earnings To Growth (PEG Ratio) Definition | Investopedia

www.investopedia.com/terms/p/pegratio.asp
Price/Earnings to Growth (PEG) is a stock's price to earnings ratio divided by the growth rate of its earnings for a specified time period.