It would be normal if the revenue growth is higher but with ...

It would be normal if the revenue growth is higher but with revenue growth to be projected in the lower teens then it doesn’t give much optimism. You’re paying a premium for PayPal $PayPal (PYPL.US)$ . Even next year PayPals PE ratio is still kinda high at current price levels. The same goes with Square $Block (SQ.US)$ who is probably even more over valued.

For example, a company like visa $Visa (V.US)$ has lower PE ratio and higher growth going forward. I think they’re the better play although they had a good run lately