Most of what passes for valuation on Wall Street is actually pricing—determining what comparable companies trade at and applying similar multiples—rather than true valuation based on cash flows, growth, and risk; real estate agents price houses by comparing similar properties, and equity analysts do the same with stock multiples

factualpending

Speaker

Aswath Domodaran

Evidence Quote

Much of what you see passing for valuation out there's is really pricing... You hire a realtor... She looks at other apartments... It's pricing There's no valuation going on.

Source

Valuation in Four Lessons | Aswath Damodaran | Talks at GoogleTalks at Google
Created: 8/11/2026, 1:45:13 AM

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