Dozens of famous investors and TV pundits claim the stock market and some stocks like BofI Holding are "overvalued." However, the true story may be not so black and white. In this segment of The Motley Fool's everything-financials show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the importance of defining over-valution, and thus, under-performance.
People Say the Stock Market Is "Overvalued." But What Does That Really Mean?
By Matt Koppenheffer and David Hanson – Dec 20, 2013 at 7:00AM
NYSE: AX
Axos Financial

Market Cap
$4.5B
Today's Change
(-0.36%) $0.29
Current Price
$80.11
Price as of October 27, 2025 at 4:00 PM ET
An answer without context is useless.
About the Author
Matt is the head of the Coverage Team for The Motely Fool's premium products. Previously, he's been . Matt is a heavy user of AI tools and is working on harnessing them to help Fool members. Previously, Matt was GM of Motley Fool Ascent, led The Motley Fool Deutschland, has been an investor on various Fool services, and co-hosted the podcast "Where the Money Is". He also co-authored the book The Astonishing Collapse of MF Global. Matt started his career in San Francisco as a technology-focused investment banker and also worked at a $15 billion private equity company. When he's thinking about how to make Fools smarter, happier, and richer, you can usually find Matt running trails or making a mess in the kitchen. He's a graduate of the University of Pennsylvania, but is a lifelong fan of Penn State football.