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Why stock valuation hinges more on returns than future earnings
Graph of stock market trends rising and plateauing.

Image: iStock/Peach_iStock

Why stock valuation hinges more on returns than future earnings

Growth stocks don’t generate the long-term returns that would justify their high multiples, according to the 2023 Jacobs Levy Center’s “Best Paper” co-authored by the Wharton School’s Sean Myers.

From Knowledge at Wharton