For growth companies equity analysts look at forward ratios - projected several years out. 10x in 2018 will probably be 5-6x in 2019 and 3-4x in 2020 and maybe

For growth companies equity analysts look at forward ratios - projected several years out. 10x in 2018 will probably be 5-6x in 2019 and 3-4x in 2020 and maybe 2-3x in 2021. Still very high but at least approaching sane levels.