Stock prices often confuse new investors. A company may look “cheap” because its share price is low, while another may look “expensive” because its stock trades at a high price. But markets do not work that way. A stock becomes expensive or cheap based on how investors value the underlying business, not the number printed on the screen. What matters is the relationship between price and intrinsic value, which is shaped by earnings, growth, risk, and expectations about the future. In simple terms, the stock market is constantly trying to answer...