At a valuation of $ 19 billion, Snap stock would trade at 47 times sales, not quite as sky high as the price - to - sales ratio of 62 that we previously compute
At a
valuation of $ 19 billion, Snap stock would trade
at 47 times sales, not quite as sky high as the price - to - sales ratio of 62 that we previously compute
at 47 times sales, not quite as
sky high as the price - to - sales ratio of 62 that we previously computed.
Additionally,
sky -
high valuations, which in the U.K. now stand
at around six times average earnings and are closer to double that ratio in the capital, have contributed to the malaise.