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by rich_sasha 2182 days ago
Agree, but would extend: company “value” as in market cap is also affected by other things, notably debt; given two identical companies but one with more debt, it will have lower market cap.

There is a bit on this here: https://mondaynote.com/tesla-and-apple-valuation-questions-c... apparently for Ford it’s pension liabilities are more than 2x it’s market cap; so if you were to exclude them, the company is worth 3x more. Tesla, as a young company (and born in a different era) doesn’t have such liabilities. Etc etc