Figma, Inc.'s high P/S ratio post-IPO limits alpha potential. Explore efficient strategies for better returns in undervalued markets. Click for more on FIG stock.

As a business, Figma appears to have a bright future ahead of it, but after tripling on its IPO day, the stock now has a market cap of roughly $60 billion, giving it a price-to-sales ratio (P/S) of around 70. That's a sky-high valuation for even the brightest of IPOs.