Many listed companies are losing money or even insolvent, but their stocks are still at a positive price and their market value is still very high.
Its industry is optimistic, optimistic about the company's development for several years or even decades, and give a certain high valuation.
The shell resources of listed companies are not easy to get listed on the stock exchange. It took several years or even more than ten years of money and energy to go public, which is also a value that cannot be underestimated.
Brand valuation, a financial brand established by Goldman Sachs in the past 100 years, is also a valuation.
Implicit value: resources, contacts, qualifications, management, scale, and so on.