Two separate market commentaries challenge the valuations behind recent corporate moves. One piece argues that Molson Coors' valuation makes little sense even after the company cut its guidance. A second piece argues that Brait's valuation of Virgin Active does not hold up either.

In the Brait case, the criticism centres on a comparison within the deal itself. Brait is buying Virgin Active, a German premium gym business, and the commentary says the valuation applies a lower multiple to a business that is growing significantly faster.S2

The Molson Coors analysis, by contrast, focuses on the company's valuation following a cut to its guidance, arguing that the shares still look expensive relative to the outlook.S1