This is since 1995. If I take this back longer, that historical range is much lower. During the dot com bubble, which nobody's going to argue, During the dot com bubble, it got to 4.8%. Where is it today? 5.5 times. That's much bigger than the dot com bubble. Now another one. Price to sales. What's the company sales? How many more times than their sales as a company's trading at from a value standpoint.com bubble 2.1 times. (27:46–27:52)
CLAIM
Asserts that the current price-to-book value ratio is 5.5 times, higher than the 4.8 times during the dot com bubble.
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