> For the complete documentation index, see [llms.txt](https://docs.sterlinglabs.co/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.sterlinglabs.co/research/priced-in.md). # Priced In Priced In turns the current share price into the expectations it implies: how fast revenue and net income would have to grow, over what horizon, and at what multiple, for the price to be fair. Open a company and select **Priced In** in the sidebar. ## Market view The default view shows what the market is pricing in as of the latest snapshot. Step back through earlier snapshots with the date controls. * **Revenue CAGR** and **Net income CAGR**: the compound annual growth the price implies. * **Market-implied horizon**: how many years of that growth the price assumes. * **Implied LTM P/E**: the trailing multiple the price represents. Two sections explain the numbers. **Revenue Expectations** sets out the market thesis and compares it with peers. **Net Income Expectations** covers the earnings thesis and the exit multiple the price assumes. **Read in analyst** on either opens the reasoning in the Analyst. ## Custom analysis Select **Custom analysis** to test your own view. Enter either a **Custom price target** or a **Target IRR**, choose a period from one to five years, and select **Calculate**. Generating a new snapshot can take up to a minute. The result shows the change against the current share price, the trailing multiple your scenario implies, that multiple's spread to peers, and the implied target price. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.sterlinglabs.co/research/priced-in.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.