Part 2/8:
Current trading data reveals Palantir's price-to-earnings (P/E) ratio at an unprecedented 600, and its price-to-sales (P/S) ratio at 88. These figures stand far above those of traditional tech giants at comparable valuation points. For example, when Apple first reached a $250 billion valuation in 2011, its revenue was $108 billion and net income was $26 billion, resulting in a P/S ratio of just 2. In contrast, Palantir's projected revenue for 2025 is estimated at $3.7 billion, with a net income forecast of about $0.7 billion, assuming a net profit margin of 20%—a figure that exceeds its peak performance so far.