Has the P/E ratio actually outlived its usefulness for growth stocks? (Example: Shopify)

Hey everyone, I've been racking my brain lately about the good old P/E ratio and whether it's even relevant anymore. Honestly, the metric feels completely useless for a lot of modern business models. The problem is: P/E only looks in the rearview mirror and tells you zero about future potential. We're currently seeing companies that barely make a cent of profit but still skyrocket and turn into 10x baggers (just look at all the space stocks right now). A prime example for me right now is Shopify