Jamin Ball does a great job sharing these on Twitter and his web:
https://twitter.com/jaminball/status/1522583867021950976?s=2…
I think there are a lot of stocks in these numbers, and ours are most akin to the high-growth.
Looking at that, it appears multiples are close now to 2018/2019 levels.
By the way, those weren’t “cheap” but Jamin uses the term “normalized” which I agree with.
There is a top 5 and they are still a bit high, which speaks to the SNOW/DDOG’s of the world may still be a bit rich (or maybe they deserve it).
Good stuff and worth a follow if you like the hyper-growth stocks.
Dreamer