In light of the current WAAAX Stock movements, I want to do a...

In light of the current WAAAX Stock movements, I want to do a quick update of their P/S ratios and perhaps project another price of NEA if it was to trade at similar P/S ratios to WiseTech or AfterPay:

WiseTech's P/S = $7.181 Billion / $221.6 Million = 32.4061
AfterPay's P/S = $6.52 Billion / $142.3 Million = 45.8210
Appen's P/S = $3.113 Billion / $250 Million = 12.4510
Altium's P/S = $4.507 Billion / $195.65 Million = 23.0335
Xero's P/S = $7.751 Billion / $383.81 Million = 20.1948

In comparison, Nearmap's P/S = $1.607 Billion / $53.6 Million = 29.9886

Again, Nearmap has a Price-Sale ratio roughly in the middle of all of the WAAAX stocks. So from a pure revenue perspective, its price is still better value in comparison to both WiseTech & Afterpay.

So despite the recent rise in Nearmap's share price, in comparison to the other WAAAX peers, NEA's current share price is still NOT the most expensive in the technology sector.In fact, if Nearmap was to trade at either WiseTech or Afterpay's P/S ratios then Nearmap's current share price of $3.59 should be around $3.88 or $5.49 !