This question has crossed my mind, and I tried finding some solutions to that functional equation, then to find a pattern.
It's surprisingly hard to find real functional equation calculators online, so I only found 3 solutions.
$f(x)=\frac{1}{1-x}=f^{\circ4}$
$f(x)=\frac{1}{2-2x}=f^{\circ5}$
$f(x)=\frac{1}{3-3x}=f^{\circ7}$
I didn't really found more, nor find a pattern, nor anything online. So if anyone has an answer, feel free to share it!
Reduce[1/(a - a x) == Nest[1/(a - a#) &, x, n], {a, x}]($n$ is the number of iterations (replace it by a natural number $> 2$) and $f\left( x \right) = \frac{1}{a - a \cdot x}$). Plotting these values via the curve $a\left( n \right)$ in a graph would look like this (graph from $n = 1$ to $n = 25$). – The Art Of Repetition Dec 23 '23 at 22:17