The 1b “annual sales” refers to their 2020 revenue. A P/S ratio of 10 doesn’t strike me as crazy for a high growth company. Their GMV is something like 40-50bn, can’t remember right now By any objective measure, Afterpay is more richly valued
MKT The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint