@Ataraxia_Invest @CarlGrapenfelt @MikaelSarwe ...5% net profit margin and the P/S is 1.0x, then you have a P/E of 20x. And if you have a a software business with 33% net profit margin (e.g. $MSFT), you can have a P/S of 6.7x and the same P/E of 20x...