News: BRG Breville Group Says HY Net Profit After Income Tax Attributable Up 19.7% To $43.5 Million, page-10

"But, alas as we know, eye watering valuations are all relative. Appen has a market cap similar to BRG, but annual earnings are expected to be much less than BRG, about $45m..."

Yes, I hear that sort of argument often being made over time.

Mostly I come across it when markets are becoming overly frothy, and when people seek to justify buying, or continuing to own, stocks that are over-valued.

And it is quite an easy argument to make, because one can almost always find some or other stock which is even more expensive than the one being owned/bought.

But wealth creation comes about by buying shares that are undervalued in absolute terms, not because they are not quite as over-valued as other even more overvalued shares.

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