What factors justify stocks selling at higher relative valuation multiples (or lower yields) than comparison firms or

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What factors justify stocks selling at higher relative valuation multiples (or lower yields) than comparison firms or the industry average?
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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