What is the price-earnings ratio of Xiaomi IPO?

Hello, there are reports that:

1, Apple's current market value is 91365438+700 million US dollars, and the price-earnings ratio is 18.34 times. According to this P/E ratio, Xiaomi, whose current profit is $65.438+0 billion, should be valued at around $65.438+0.834 billion, which is far lower than the company's current valuation in the private equity market.

2. In the past year, Tencent became the most valued technology company in China, with a current P/E ratio of 63.7 times. Even at this price-earnings ratio, Xiaomi's valuation is only $63.7 billion, which is still far below the low end of the $80 billion valuation range that many people say.