Meta FWD PE today is at 16x. If we were to exclude loss from Metaverse money pit - stock is actually at 13-14x FWD PE.
META did 30% top line growth YoY. On Rev base of >200B.
Meanwhile you have speculative junk company like TTD trading at FWD PE of 16-18x. That's after the 70% collapse YTD for this stock. TTD grew sales 3% YoY on tiny rev base and their guidance is revenue decrease of 10-12% YoY for next quarter. And their SBC is almost 50% of their FCF. Lol. This is a company getting crushed by competition (from Amazon) and may not exist 5 yrs from now... and it is priced higher than Meta, a monopoly with top tier top line growth and moat as wide as pacific ocean.
So, today Meta is priced like a speculative junk stock. Wtf?