Can this valuation ratio be used on bitcoin cash?

https://read.cash/@Wee/a-dive-into-ethereum-20-s-economic-model-and-its-price-valuation-ratio-5adbe1ab

submitted by /u/yenwee0804
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source https://www.reddit.com/r/btc/comments/mbunn1/can_this_valuation_ratio_be_used_on_bitcoin_cash/