ZM - With a revenue multiple of 117x... Only 50x on a forward basis, though. What was a stratospheric valuation has only become more so.
Not the only one - so many others with nose-bleed valuations.
How about $3.3 billion for a pet insurance company with under $10 million of EBITDA trading at 7.5x revenue (TRUP).
Perhaps an insurance "tech" company with $100 million in revenue, losing more than $100 million in EBITDA. Sure, let's pay 36x revenue. (LMND)
How high these valuations go, anyone knows, but at some point, reality will have to set in.
