That’s a 40 times revenue. The normal metric is a multiple of profits.
There is no way this isn’t overvalued. Even reasonably fast growth of a 40x multiplier would need roughly 1 billion in profits. And yes, I say that as a fan of the tool.
The article didn't say how profitable they are. If they're brining in $1B of revenue per year, and have a profit margin of 30%, then that's 300M in profit, yielding a P/E ratio of 133. If they're growing at over 100% YoY (which seems insane at this scale), then they're down to a very reasonable P/E ration of 33 after 2 years.
