"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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Last
$33.85 |
Change
-0.380(1.11%) |
Mkt cap ! $4.872B |
Open | High | Low | Value | Volume |
$34.40 | $34.41 | $33.75 | $8.249M | 243.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 488 | $33.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$33.93 | 504 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 488 | 33.790 |
1 | 846 | 33.760 |
2 | 1653 | 33.740 |
3 | 1350 | 33.720 |
1 | 150 | 33.700 |
Price($) | Vol. | No. |
---|---|---|
33.930 | 504 | 2 |
33.980 | 846 | 1 |
34.010 | 846 | 1 |
34.050 | 846 | 1 |
34.080 | 846 | 1 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
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BRG (ASX) Chart |