Yea, not a real thought out statement in hindsight. BuTTT.. These companies have a book value that is basically near zero and they are losing book value everyday with more and more losses.
They carry massive valuations, relative to their tangible book value, AND they lose money. I don't mind the lack of book value, AMZN has never had much, but the lack of book value coupled with losses as far as the eye can see leads eventually to a penny stock.
Valuation
Industry Average & Percentile Methodology
|
RIOT |
Software Average |
Industry Percentile |
Market Cap |
$772.49M |
$61.29B |
|
46th |
P/E (Trailing Twelve Months) |
-- |
59.40 |
|
-- |
P/E (5-Year Average) |
-- |
59.53 |
|
-- |
PEG Ratio (5-Year Projected) |
-- |
3.78 |
|
-- |
Enterprise Value |
$742.43M |
$720.57B |
|
47th |
Price/Cash Flow (Most Recent Quarter) |
-430.12 |
147.65 |
|
5th |
Price/Cash Flow (TTM) |
-- |
83.69 |
|
-- |
Price/Sales (Most Recent Quarter) |
78.44 |
16.24 |
|
98th |
Price/Sales (TTM) |
69.95 |
16.47 |
|
98th |
Price/Book |
15.12
12/29/2020 |
22.34 |
|
68th |
Book Value |
1.24
09/30/2020 |
15.67 |
|
40th |
Look at RIOT. Has roughly $50 million in sales, no earnings and if you could buy every share outstanding you'd spend $800 million.
Would you really buy a company with $50 million in sales that is losing money for $800 million???