"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
$29.45 |
Change
0.460(1.59%) |
Mkt cap ! $4.234B |
Open | High | Low | Value | Volume |
$29.09 | $29.57 | $28.94 | $1.753M | 59.89K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 85 | $29.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$29.46 | 3 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 52 | 29.430 |
4 | 99 | 29.420 |
2 | 92 | 29.410 |
5 | 223 | 29.400 |
5 | 318 | 29.390 |
Price($) | Vol. | No. |
---|---|---|
29.440 | 72 | 7 |
29.450 | 488 | 10 |
29.460 | 204 | 5 |
29.470 | 327 | 12 |
29.480 | 239 | 6 |
Last trade - 12.30pm 15/08/2024 (20 minute delay) ? |
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BRG (ASX) Chart |
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