"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
$29.32 |
Change
0.300(1.03%) |
Mkt cap ! $4.205B |
Open | High | Low | Value | Volume |
$29.00 | $29.38 | $28.90 | $11.26M | 385.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1203 | $29.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$29.33 | 786 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7 | 30.000 |
2 | 253 | 29.500 |
1 | 14 | 29.200 |
1 | 687 | 29.100 |
1 | 180 | 29.000 |
Price($) | Vol. | No. |
---|---|---|
27.860 | 87 | 1 |
28.620 | 34 | 1 |
29.300 | 2 | 1 |
29.320 | 20 | 1 |
29.500 | 1000 | 1 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
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