"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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"But, alas as we know, eye watering valuations are all relative....
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Last
$27.14 |
Change
-0.240(0.88%) |
Mkt cap ! $3.892B | |||
| Open | High | Low | Value | Volume |
| $27.40 | $27.75 | $26.95 | $4.693M | 172.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1258 | $27.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.23 | 298 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BRG (ASX) Chart |