IntermediateMAD Academy0:45Valuation

The Peer Set Decides the Answer

Relative valuation is only as honest as the comparison group, and choosing the group is where most of the judgment lives.

0:45 · 6 scenes

This lesson is part of a MAD Academy plan.

What the Lesson Covers

  1. 0:00Change the peer group and the same company goes from cheap to expensive.
  2. 0:05The same firm, two groups. Against software it looks expensive. Against retail it looks cheap. Same company.
  3. 0:15What makes a real peer. The same economics — margins, capital needs, growth — not the same sector label.
  4. 0:24Median, not mean. One extreme member drags an average badly. The median resists it.
  5. 0:32The limit of the whole method. If the entire group is mispriced, relative valuation cannot see it.
  6. 0:40Choose the peers deliberately, and say why you chose them.
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Educational content only. MadStockAlerts provides market commentary, research, and educational content. It is not personalized investment advice, and nothing here is a recommendation to buy or sell any security. Trading and investing involve substantial risk, including loss of capital. See the Risk Disclosure and Customer Agreement.
Educational content only. MadStockAlerts provides market commentary, research, and educational content. It is not personalized investment advice, and nothing here is a recommendation to buy or sell any security. Trading and investing involve substantial risk, including loss of capital. See the Risk Disclosure and Customer Agreement.
The Peer Set Decides the Answer — MAD Academy Training Video · MadStockAlerts