For each of the 41 Nasdaq tech names in the scorecard: stock price against actual annual revenue, plus two views that strip out the dual-axis scaling trap — an indexed race (both start at 100) and the price-to-sales ratio over time, the cleanest tell for whether the market is paying progressively more per dollar of sales. Quarterly price points; split/dividend adjusted. Data: Financial Modeling Prep.
The divergence ratio = how many times the price grew ÷ how many times revenue grew over the window. A value near 1 means the stock roughly tracked its sales; well above 1 means price ran faster than the business. P/S vs 10y median flags whether today's valuation is rich or cheap against the company's own history.
| Company | Price CAGR | Rev CAGR | Price × | Rev × | Divergence | P/S now | P/S 10y med | P/S vs median |
|---|
The dual-axis caveat. "Price left, revenue right" is intuitive but the two axes are scaled independently, so the gap between the lines can be inflated or hidden purely by axis choice. Use it for shape, not for measuring divergence. The Indexed and Price-to-Sales views are the rigorous answers to your actual question.
Indexed (=100). Price and revenue are each set to 100 at the window start, so they share one scale. If price sits at 800 while revenue sits at 300, the stock has out-run its sales by ~2.7× in valuation terms — that excess is multiple expansion.
Price-to-Sales. P/S = market cap ÷ trailing revenue, computed at every quarter. A rising P/S is the precise
fingerprint of "price inflating faster than the business"; a flat P/S means price is just keeping pace with sales. We also show today's P/S
versus the company's own 10-year median, since "expensive" only means something relative to that name's normal range.
Data & limits. Quarterly price & market cap are at fiscal-quarter ends, so intra-quarter extremes are smoothed. Revenue is reported annual revenue; for the P/S line, annual revenue is interpolated between fiscal year-ends as a trailing proxy, and the displayed revenue series is aligned to each stock’s price window. Several names carry caveats: MSTR (Strategy) is a bitcoin treasury — its market cap is driven by its bitcoin holdings, not its small (and shrinking) software revenue, so its P/S is not comparable to the rest. WDC spun off its flash unit (SanDisk), which roughly halved revenue while the stock re-rated — its recent P/S is structurally discontinuous. AVGO and NXPI revenue jumps reflect acquisitions (VMware; Freescale), not organic growth; ADI likewise (Linear, Maxim). STX, MU, MCHP and the memory/HDD names are deeply cyclical, so revenue and P/S swing widely. SHOP, TEAM, PLTR-style recent listings have shorter effective windows (TEAM IPO’d Dec 2015). ASML reports revenue in euros while its U.S. market cap is in dollars; its revenue here is converted at ~1.08 USD/EUR, so its P/S level is approximate.
This is descriptive analysis of historical data, not a recommendation. A high P/S can persist or keep rising for years; divergence is a question to investigate, not a signal to act on.
Price & market-cap series and annual income statements via Financial Modeling Prep, pulled Jun 2026. All prices split- and dividend-adjusted. Built for exploration — verify any figure before relying on it.