Since many companies in the biopharma industry and beauty segment are still new and unprofitable, I prefer using the EV/sales methodology to value the stock.

Source: https://seekingalpha.com/article/4594928-evolus-capitalizing-on-the-growth-of-aesthetics-market?source=feed_all_articles

The 5-year Business Redesign restructuring that cost Ford some $15 billion in cash and EBIT write-offs during 2018 through 2022, cut out most of the unproductive and unprofitable "fat".

Source: https://seekingalpha.com/article/4631420-ford-stock-three-headwinds-keep-from-buying-reiterate-sell?source=feed_all_articles

This once uninspired, unloved, and unprofitable company has since become a cash cow with a broad array of exciting product lines with intense brand loyalty and satisfaction.

Source: https://seekingalpha.com/article/4589727-crocs-why-this-turnaround-story-has-incredible-upside?source=feed_all_articles