I had a similar table but in the P:E ratio I took the earnings...

I had a similar table but in the P:E ratio I took the earnings to be profit, not revenue (so Price:EPS which is the same as Enterprise Value:Net Profit).

Ive gone on the lower end that it would be 20% Net Profit (so 30+ gross) and a P:E of 5:1 because it's still speculative so not going to attract a higher P:E until there's more proven (i.e. the profit model is proven, not just the tech). this also makes the maths simpler - it's basically just the market share of DRAM equals the enterprise value.

obviously this is not considering the AI market which is distinct from this.




Sorry for the quality.