These are the 10 most richly valued tech stocks — at over 50x annual revenues (Mar 2022)
Tech stocks have boomed in the past couple years since Covid, reaching stratospheric heights. A strong private fundraising environment has helped them along.
As of data from yesterday (Thu, Mar 10, 2022), let’s take a look at the 10 most richly valued tech stocks by price to sales — the ratio between the revenue and the market cap of the company (we’ve restricted the companies to a min current market cap of $10bn).
Here’s the detailed analysis on Fidap.
Tech companies by PS ratio
Snowflake and Bill.com are the only two tech companies that command a PS of greater than 50, according to our data. Here are the details —
Interesting to note —
- All of the companies listed are B2B — there’s not a single B2C company in the mix.
- Six of the ten are technical infrastructure companies
- Nine of the ten have year over year quarterly revenue growth rates of over 50% (Atlassian is at “only” 37%)
- All of the companies have double digit negative 3 month returns (led by Cloudflare at -46%)
What if we relaxed the $10bn market cap floor to $1bn? Here are the new numbers —
I haven’t heard of most of the companies above. Only Snowflake remains from our existing list.
Here’s the SQL query from Fidap that got us these results —
SELECT
ticker,
name,
ps,
round(revenueusd / 1e9,2) as rev_bn,
round(marketcap / 1e9,2) as mc_bn,
round(rev_yoy*100,2) as rev_yoy,
round(pc_3m*100,2) as pc_3m
FROM
fidap.US_EQUITIES.tickers
WHERE
marketcap > 1e10
AND ps > 0 and sector='Technology'
ORDER BY
ps desc
LIMIT
10