Valuation

Valuation is a data page on the Companies desk of Glassbox Auditing. Each company's price against its earnings (P/E) compared with its own last 10 years.

Last updated: 8 Nov 2026.

What is on this page today?

TDS: P/E 8.0, near the bottom of its 10-year range — 10-year average 26.1 · range 8.0-87.7 · lower than 100% of the decade's days (Consolidated · SEC filings, 8 Nov 2026) TDS
FPS: P/E 59.4, near the bottom of its 10-year range — 10-year average 373.4 · range 55.5-720.7 · lower than 99% of the decade's days (Consolidated · SEC filings, 8 Nov 2026) FPS
ZM: P/E 8.3, near the bottom of its 10-year range — 10-year average 670.8 · range 8.1-5138.5 · lower than 100% of the decade's days (Consolidated · SEC filings, 8 Nov 2026) ZM
EXPE: P/E 15.2, near the bottom of its 10-year range — 10-year average 40.5 · range 12.1-110.9 · lower than 99% of the decade's days (Consolidated · SEC filings, 8 Nov 2026) EXPE
MELI: P/E 40.5, near the bottom of its 10-year range — 10-year average 277.8 · range 40.5-3833.9 · lower than 100% of the decade's days (Consolidated · SEC filings, 8 Nov 2026) MELI
ETSY: P/E 10.9, near the bottom of its 10-year range — 10-year average 59.1 · range 10.7-218.6 · lower than 100% of the decade's days (Consolidated · SEC filings, 8 Nov 2026) ETSY
AFRM: P/E 11.8, near the bottom of its 10-year range — 10-year average 139.4 · range 11.8-614.5 · lower than 100% of the decade's days (Consolidated · SEC filings, 8 Nov 2026) AFRM
ICHR: P/E 442.4, near the top of its 10-year range — 10-year average 25.2 · range 5.1-521.9 · higher than 100% of the decade's days (Consolidated · SEC filings, 8 Nov 2026) ICHR
PLTR: P/E 112.9, near the bottom of its 10-year range — 10-year average 335.7 · range 109.1-698.5 · lower than 100% of the decade's days (NASDAQ · SEC filings, 8 Nov 2026) PLTR
TENB: P/E 324.1, near the bottom of its 10-year range — 10-year average 614.6 · range 324.1-863.0 · lower than 100% of the decade's days (Consolidated · SEC filings, 8 Nov 2026) TENB
BROS: P/E 43.9, near the bottom of its 10-year range — 10-year average 444.5 · range 43.9-3358.0 · lower than 100% of the decade's days (Consolidated · SEC filings, 7 Nov 2026) BROS
EQIX: P/E 60.8, near the bottom of its 10-year range — 10-year average 119.5 · range 59.7-371.1 · lower than 100% of the decade's days (NASDAQ · SEC filings, 7 Nov 2026) EQIX
LB: P/E 49.7, near the bottom of its 10-year range — 10-year average 544.3 · range 47.2-1222.1 · lower than 100% of the decade's days (Consolidated · SEC filings, 7 Nov 2026) LB
SMCI: P/E 6.1, near the bottom of its 10-year range — 10-year average 20.8 · range 6.1-92.9 · lower than 100% of the decade's days (NASDAQ · SEC filings, 7 Nov 2026) SMCI
GEV: P/E 20.3, near the bottom of its 10-year range — 10-year average 67.6 · range 20.2-160.9 · lower than 100% of the decade's days (NYSE · SEC filings, 7 Nov 2026) GEV
000660.KS: P/E 5.0, near the bottom of its 10-year range — 10-year average 23.0 · range 5.0-49.9 · lower than 100% of the decade's days (Consolidated · SEC filings, 7 Nov 2026) 000660.KS
CENX: P/E 3.9, near the bottom of its 10-year range — 10-year average 24.9 · range 3.5-161.8 · lower than 100% of the decade's days (Consolidated · SEC filings, 7 Nov 2026) CENX
CRDO: P/E 42.4, near the bottom of its 10-year range — 10-year average 475.5 · range 39.6-3168.3 · lower than 100% of the decade's days (NASDAQ · SEC filings, 7 Nov 2026) CRDO
SNDK: P/E 6.6, near the bottom of its 10-year range — 10-year average 39.2 · range 6.4-79.8 · lower than 99% of the decade's days (NASDAQ · SEC filings, 7 Nov 2026) SNDK
GOOGL: P/E 14.9, near the bottom of its 10-year range — 10-year average 30.2 · range 14.6-72.0 · lower than 100% of the decade's days (NASDAQ · SEC filings, 7 Nov 2026) GOOGL

Where does the data come from?

Items on this page come from Consolidated · SEC filings; NASDAQ · SEC filings; NYSE · SEC filings; SEC filings (XBRL earnings) and exchange closes; SEC filings (XBRL earnings per share) and exchange closes; SEC filings (XBRL statements, commitments notes); Robert J. Shiller, U.S. stock market data; SEC filings (XBRL cash-flow statements, 8-Ks). Each item links to its own source. All sources, how items are checked.

What does this page lead to?

Household Finances (Macro): Most stock is held by the top tenth of households, so higher share prices relative to earnings raise household net worth and, with a lag, spending (the wealth effect). (moves the same way; quarters; economy scale) Source: Federal Reserve Distributional Financial Accounts.
Report Reactions (Calendar): A company priced well above its own P/E history needs results to keep beating expectations; at high multiples a miss or a guidance cut tends to move the shares more on report day. (moves the same way; report day; company scale) Source: SEC EDGAR filings (10-Q/10-K text).
Company Research (Companies): At a higher P/E each buyback dollar retires fewer shares, so the same spending lifts earnings per share less. (moves the other way; quarters; company scale) Source: SEC EDGAR XBRL company facts (10-Q/10-K).
Leadership (Companies): Executives' stock awards are worth more at higher prices, and planned insider sales tend to pick up after shares re-rate upward. (moves the same way; weeks to months; company scale) Source: SEC Form 4 insider filings.
AI Supply Chain (AI): High valuations on the AI leaders let them raise money cheaply in stock and bonds, which pays for chips and data centers further down the chain. (moves the same way; quarters; sector scale) Source: Yahoo Finance quarterly statements.

What feeds this page?

Signals (Briefing): Divergence signals flag a share price or P/E rising while revenue or free cash flow falls, which leaves the valuation stretched against the company's own 10-year record. (moves the same way; quarters; company scale) Source: SEC EDGAR XBRL company facts (10-Q/10-K).
Company Reports (Calendar): Each report resets trailing earnings, so a company's P/E can jump or drop on the report day even when the share price barely moves. (either way, depending on the cause; same day; company scale) Source: SEC EDGAR XBRL company facts (10-Q/10-K).
Report Reactions (Calendar): A big reaction to an earnings report re-prices the company against its own earnings, moving its P/E against its 10-year record. (either way, depending on the cause; same day; company scale) Source: Yahoo Finance quarterly statements.
Trade Exposure (Companies): Tariff costs a company cannot pass on come out of gross margin and cut earnings, which changes the P/E this page compares with the company's own history. (either way, depending on the cause; weeks; company scale) Source: SEC EDGAR XBRL company facts (10-Q/10-K).
Products & Share (Companies): Product lines that grow faster than the rest of the company tend to earn a higher multiple, so a revenue mix shifting toward them tends to lift the company's P/E. (moves the same way; quarters; company scale) Source: SEC EDGAR XBRL company facts (10-Q/10-K).
Cloud Prices (Companies): AWS earns most of Amazon's operating income, so price changes on its services reach the earnings behind Amazon's P/E. (moves the same way; quarters; company scale) Source: SEC EDGAR XBRL company facts (10-Q/10-K).
Competitors (Companies): Same-industry peers are the yardstick for a company's P/E, and a re-rating of the industry tends to move the whole group together. (moves the same way; same day; sector scale) Source: SEC EDGAR XBRL company facts (10-Q/10-K).
Regulatory Exposure (Companies): EU AI Act fines reach 7% of worldwide turnover for banned uses and compliance work is a running cost, so wider exposure weighs on expected earnings. (moves the other way; years; company scale) Source: Official texts: EUR-Lex, state legislatures, the Federal Register and national gazettes (each law links its own).
Supply & Demand (Companies): A company whose stock grows much faster than its sales tends to discount to clear it, which lowers gross margin and the earnings that its P/E is measured on. (moves the other way; quarters; company scale) Source: SEC EDGAR XBRL company facts (10-Q/10-K).
Debt & Interest (Macro): Higher real yields discount distant profits more steeply, which tends to pull price-to-earnings multiples down, most for growth companies whose earnings lie far ahead. (moves the other way; weeks to months; sector scale) Source: FRED, 10-year Treasury inflation-indexed yield (DFII10).
Prices & Inflation (Macro): Higher inflation tends to lift bond yields and lower the price investors pay per dollar of earnings, most for companies whose profits lie far ahead. (moves the other way; months; sector scale) Source: FRED (Federal Reserve Bank of St. Louis).
SPY History (Markets): Between reports earnings stay fixed, so a long rally lifts P/E ratios across the index and pushes more companies above their own 10-year ranges until earnings catch up. (moves the same way; same day; company scale) Source: Yahoo Finance quarterly statements.
Stock by Stock (Markets): Between reports a company's earnings stay fixed, so its share price move changes its P/E one for one and shifts where it sits against its own 10-year range. (moves the same way; same day; company scale) Source: Yahoo Finance quarterly statements.
Investing Basics (Personal Finance): Long-run stock returns come from earnings growth, dividends and changes in what investors pay per dollar of earnings, the P/E the Valuation page tracks company by company. (either way, depending on the cause; years; company scale) Source: Aswath Damodaran, Historical Returns on Stocks, Bonds and Bills (NYU Stern).
Central Banks (World Powers): Higher policy rates raise the rate investors use to discount future earnings, which tends to lower price-to-earnings multiples, most for long-dated growth stocks. (moves the other way; months; sector scale) Source: FRED (Federal Reserve Bank of St. Louis).

Valuation

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