“Even with the near 60% share price calamity, Atlassian is trading on a multiple of more than 19 times sales.”
Atlassian made money as a startup and loses money as a 20-year-old company. Revenue grew about 24 percent, and the stock still trades at 19 times sales after dropping almost 60 percent. There is no price-earnings ratio to quote because there are no earnings. Jira users already pay for this in patience.