In general, you should avoid comparing stocks by their price alone, as the comparison provides barely any useful information. For example, let’s say that you buy 1 share of Company A for $1,000, and 10 shares of Company B for $100 each. If the shares of both companies increase by 10%, you will still end up with a total of $1,100 worth of stock in both cases. In other words, the fact that a company’s shares feel expensive just from their price alone shouldn’t really be a factor to consider when investing. Preferring cheaper stocks to more expensive stocks is a common misconception among beginner investors. Instead, it’s worth considering factors such as the company’s price-to-earnings ratio (P/E) in an attempt to determine whether the company in question is potentially overvalued or undervalued.