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Buyback “P/E” watchlist right now (roughly FDV divided by annualized buybacks). 🧾
$MET: x6.8 (discretionary buybacks, might be off)
$PUMP: x9.7 (100% of revenue)
$JUP: x16.6 (50%)
$FLUID: x22.0 (100% from ETH mainnet)
$ETHFI: x22.2 (100% from eETH withdrawal fees)
$HYPE: x29.0 (100%)
$AAVE: x63.8 ($50M annually)
$SYRUP: x108 (25%)
Not including ve(3,3) like
$AERO or $PENDLE, different category.
Also not factoring liquidity, volume, or unlocks.
What am I missing?