Why might a company with similar growth and profitability to its comps be valued at a premium?

• Because a premium always signals that the comp set was chosen incorrectly and needs to be rebuilt from scratch
• Because the market rounds multiples upward for well-known names, inflating them above true value
• Qualitative factors: stronger moat, lower risk, better management, scarcity, or sentiment
• Because it is larger, and size alone commands a higher multiple regardless of growth or margins
• Because matching growth and margins forces identical multiples, so the gap must be a data error