Travis Hoium

Enterprise value to sales is about $13K still.

Price-to-earnings ratio is $126K on a trailing basis, and on a forward basis, still $65K.

Not really a good value argument here, but where do you get to the point where you go, man, this is just too cheap to pass up?

All right, let's go to another company that's really taking it on the chin.

This has been on my watch list for a long time, but I've never been a shareholder.

That is Workday.

Shares are down 53% from their all-time high.

That actually goes back to 2024.

But the valuation getting a little bit more compelling than we get at Shopify.

Enterprise value to sales is 3.8.

Forward price to earnings multiple is just 13.

One of the reasons this caught my eye this week was one of the big AI labs said that they were adopting Workday.

So even the big AI labs aren't building a Workday to replace Workday.

Lou, is that saying something to you?

By the way, what they're doing is really, you can't make mistakes.

It's not easy.

One of the companies that I'm intrigued by and may actually fall in the value stock category at this price is Adobe.

Shares are down 62% from their high.

Then the valuation numbers are just getting kind of crazy.

Enterprise value to sales is four, but they're actually a really high margin business.