180x Price To Earnings for a 5% profit margin?

Webjet is trading at 180x Price to Earnings ratio, whilst having roughly a 5% profit margin. The company is has only just returned to profitability post covid, and the stock price is ridiculously valued.

Webjet caters to the shrinking demographic of those not booking their flights / accomodation direct with the providers. Their biggest competitor is google, that provides a price aggregation service for flights now.

Not to mention the cost of being long leveraged is rising with interest rates...

Short selling webjet really is a no brainer fundamentally.