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Comment by engineer_22

2 days ago

Will they maintain an edge over other AI companies long term? With so many market participants will it become a race to the bottom?

This valuation puts their P/E around 40.

Anthropic $380B valuation on $13B ARR. P/E around 30.

5 years ago Uber was in similar territory. Tesla... Well we won't mention Tesla.

That's not P/E. That's Price to Sales. P/E is price to earnings ratio. Earnings is profit. Since neither of these companies is profitable, they don't have a P/E ratio today.