18 times next years revenues. Last time we saw this was in the 2000 internet bubble.
Once you enter irrational pricing by Mr. Market there is no price that is any less rational then another. BIDU could go to 1000 or 2000 in a heartbeat or back down under 300 just as fast. Be nimble whether you are short or long. I'm out with my profit. Not good enough to call when this bubble will burst and I'm not gonna be one of the bagholders.