Reflections on Palantir

Not every company trades on P/E. Some trade on EBITDA, others on Revenue. It's a spectrum. The more mature (code for more profitable, lower growth), the more likely it trades on P/E.

Palantir has $0.09 earnings per share. 2023 was the first year they were profitable. So P/E isn't the right metric to look at here.

Also no investor ever trades on _trailing_ metrics. It's all about forward earnings, but 99.999999% of valuation multiples you see online are trailing metrics (or use questionable forward estimates pulled from some aggregate which is also just noise instead of actually diligencing estimates)