The absolute price of a stock has very little to do with the value that an investor receives, and yet there seems to be some kind of aura that surrounds stocks that are priced at extremely high prices, particularly those selling for more than $100.

IN PICTURES: World's Greatest Investors

Part of this may stem from the existence of Berkshire Hathaway (NYSE:BRK.A, BRK.B) and the success that the stock has enjoyed over the past generation, making millionaires out of its early investors.

In reality, there is nothing special about stocks selling at this level, because at the end of the day, what matters is what the value is per share, compared to what you are paying per share - the relative movement between buying and selling.

Expensive Stocks
There are dozens of stocks currently trading at higher than $100 per share, some of them household names and others relatively unknown.

Seaboard Corp (NYSE:SEB) sells for $2,191 per share. The company is a conglomerate that is involved in many different businesses. These include food processing, power generation, containerized shipping, commodity trading and sugar and citrus production. (Huge companies may not be as infallible as previously assumed. (Find out why bigger isn't always better. Read Conglomerates: Cash Cows Or Corporate Chaos?)

NVR (NYSE:NVR) trades in the mid-$760 range per share. NVR is a homebuilder, doing business under the Ryan Homes brand name. Despite a 10.69% return already this year, the company suffered as much as its peers during the recession and financial crisis, hitting a low of $313 per share back in March, 2009.

Google (Nasdaq:GOOG) of course needs no introduction, as it is one of the go-to stocks of the 21st century. Google sells near $600 per share.

There is more to the Washington Post (NYSE:WPO) than the famed namesake newspaper published in the nation's capital. The company also owns Newsweek magazine and several other newspaper properties, cable assets and TV broadcast stations. Shares trade at $425.

Wesco Financial (NYSE:WSC) does some insurance business, and also owns a furniture rental business along with a steel segment. The company is majority owned by a subsidiary of Berkshire Hathaway. Shares currently trade at $390.

One company that sought out the fame of triple digit pricing is Biglari Holdings (NYSE:BH), which closed at $402.

The Bottom Line
Psychology is an important part of the investment process, and stocks selling at triple digits and higher seem to have panache that attracts certain types of investors. Although this can't be explained by any legitimate reason, it is still a part of the market that investors must deal with. (Investing in a corporate giant may not be as safe as you think. To learn more, check out Conglomerates: Risky Proposition?) Use the Investopedia Stock Simulator to trade the stocks mentioned in this stock analysis, risk free!

Related Articles
  1. Stock Analysis

    5 Cheap Dividend Stocks for a Bear Market

    Here are five stocks that pay safe dividends and should be at least somewhat resilient to a bear market.
  2. Investing

    How to Win More by Losing Less in Today’s Markets

    The further you fall, the harder it is to climb back up. It’s a universal truth that is painfully apparent in the investing world.
  3. Fundamental Analysis

    Use Options Data To Predict Stock Market Direction

    Options market trading data can provide important insights about the direction of stocks and the overall market. Here’s how to track it.
  4. Stock Analysis

    2 Oil Stocks to Buy Right Now (PSX,TSO)

    Can these two oil stocks buck the trend?
  5. Investing News

    What Alcoa’s (AA) Breakup Means for Investors

    Alcoa plans to split into two companies. Is this a bullish catalyst for investors?
  6. Stock Analysis

    Top 3 Stocks for the Coming Holiday Season

    If you want to buck the bear market trend by going long on consumer stocks, these three might be your best bets.
  7. Investing News

    Could a Rate Hike Send Stocks Higher?

    A rate hike would certainly alter the investment scene, but would it be for the better or worse?
  8. Investing News

    Corporate Bonds or Stocks: Which is Better Now?

    With market volatility high, you may think it is time to run for corporate bonds instead of stocks. Before you do take a deeper look into which is better.
  9. Mutual Funds & ETFs

    Using Short ETFs to Battle a Down Market

    Instead of selling your stocks to get gains, consider a short selling strategy, specifically one that uses short ETFs that help manage the risk.
  10. Investing Basics

    How to Diversify with International Stocks

    Diversifying with international stocks can benefit most portfolios, but beware of country risk.
  1. How do dividends affect retained earnings?

    When a company issues a cash dividend to its shareholders, the retained earnings listed on the balance sheet are reduced ... Read Full Answer >>
  2. What is the difference between called-up share capital and paid-up share capital?

    The difference between called-up share capital and paid-up share capital is investors have already paid in full for paid-up ... Read Full Answer >>
  3. Why would a corporation issue convertible bonds?

    A convertible bond represents a hybrid security that has bond and equity features; this type of bond allows the conversion ... Read Full Answer >>
  4. How does additional paid in capital affect retained earnings?

    Both additional paid-in capital and retained earnings are entries under the shareholders' equity section of a company's balance ... Read Full Answer >>
  5. What types of capital are not considered share capital?

    The money a business uses to fund operations or growth is called capital, and there are a number of capital sources available. ... Read Full Answer >>
  6. What is the difference between issued share capital and subscribed share capital?

    The difference between subscribed share capital and issued share capital is the former relates to the amount of stock for ... Read Full Answer >>

You May Also Like

Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!