Hi Homey,As you say, it all depends on the P/E ratio...

Hi Homey,

As you say, it all depends on the P/E ratio applied.

Historically they have often been sub 5x, even in the good times, probably as the market has needed evidence of sustained revenue and/or they have simply flown under the radar due to the small market cap. A few good revenue cycles over the last 10 years weren't sustained. It is a fast moving tech field.

But if this current technology leadership and revenue expansion cycle is sustainable, then perhaps 10x or more is justified?


Jess