Just over 40x multiple on a company that is growing more than 100% YoY, and has a roadmap to continue to enter new markets. Have you seen their presentation tool? I don't think I'd ever go back to google docs or powerpoint. They'll continue to execute and grow revenue.

Or why don't you look at the market cap of Adobe at 10x Canva, but not growing like Canva is.

Let's not be flippant about companies that are doing well. I remember people hating on Mel (Canva CEO) when they hit $300M valuation...don't they look foolish now.

That’s a 40 times revenue. The normal metric is a multiple of profits.

There is no way this isn’t overvalued. Even reasonably fast growth of a 40x multiplier would need roughly 1 billion in profits. And yes, I say that as a fan of the tool.

The article didn't say how profitable they are. If they're brining in $1B of revenue per year, and have a profit margin of 30%, then that's 300M in profit, yielding a P/E ratio of 133. If they're growing at over 100% YoY (which seems insane at this scale), then they're down to a very reasonable P/E ration of 33 after 2 years.

40B valuations on website making tools, the taleban is back in town, it's 2000 all over again.