3 Stocks That Look Absurdly Overvalued but Really Aren't
You might think there's no way that Fastly could be viewed as anything but ridiculously overpriced with such a sky-high forward earnings multiple, but it's important to look at the big picture. For one thing, Fastly doesn't generate any earnings yet. Using the forward P/E to gauge Fastly's valuation at this point is futile.