Company value is dictated by what buyers/sellers of the stock say it is. When you especially consider that part of a company’s stock value comes from what peopl

Company value is dictated by what buyers/sellers of the stock say it is. When you especially consider that part of a company’s stock value comes from what people think their future potential is, it’s much more open ended than a simple formula. So it doesn’t make sense to say a company’s value is “fake”, what you’re actually saying is that you highly disagree with what the market thinks the value is. You not agreeing with the value doesn’t make the value invalid.