They are barely profitable. Massive revenue, tiny profit. So, this makes their P/E ration quite massive and crazy as well. Usually companies are based on the

They are barely profitable. Massive revenue, tiny profit. So, this makes their P/E ration quite massive and crazy as well. Usually companies are based on the present value of all future earnings, kind of implying a P/E multiple of like 8 or 25 or whatever. Amazons is crazy high. This is because it's assumed that Amazon could, at any time, start declaring massive profits, but they chose to re-invest instead.