I think it would be more helpful to compare specifically the software companies (SHOP, OKTA, PVTL, MDB, AYX, etc.) vs. services (TTD, HUBS) vs. hardware (NVDA, PSTG, MU) vs. med tech (ALGN, ABMD, ISRG) etc.
It seems that no matter what PSTG and MU are not going to get a 10x P/S unless they can somehow become dominant like NVDA.
However, for whatever reason ABMD gets valued at 30x (up 50% from your original post), ALGN at 18x, ISRG at 15x.
Chinese stocks seem to always be valued below their American (or Canadian) counterparts.