SpaceX trading at 103x sales. Palantir at 87x. CrowdStrike at 52x.
Meanwhile $NVDA — the chip everyone's obsessed with — sits at 19x. $AAPL at 11x. $AMZN at 4x. The $SPX average? 3.5x.
This isn't a quality ranking. It's a hype ranking.
Price-to-sales doesn't tell you who wins long-term. But it does tell you how much forgiveness the market's already priced in. At 100x sales, you're not buying a company — you're buying a religion.
The best businesses compound quietly while everyone chases the expensive ones. Just something to remember when the narrative shifts.
Meanwhile $NVDA — the chip everyone's obsessed with — sits at 19x. $AAPL at 11x. $AMZN at 4x. The $SPX average? 3.5x.
This isn't a quality ranking. It's a hype ranking.
Price-to-sales doesn't tell you who wins long-term. But it does tell you how much forgiveness the market's already priced in. At 100x sales, you're not buying a company — you're buying a religion.
The best businesses compound quietly while everyone chases the expensive ones. Just something to remember when the narrative shifts.