Commerce.com, Inc. (CMRC)

Market price: $3.42

3 valuation methods

• P / B: $0.68 to $2.02 (midpoint $1.23)
• DCF (FCFF): $1.72 to $1.86 (midpoint $1.78)
• EV / Gross Profit: $4.27 to $13.94 (midpoint $8.44)

Pre-profit company — earnings-based methods not meaningful.