That would mean that the value of the stock would be decoupled from financial success of the company, which is clearly not the case. A company with very few assets and record profits every quarter will have an expensive stock price.
One wonders what they're doing with all those profits then. Seems like they would either reinvest in the company (accumulating assets), put it in the bank (fairly literally accumulating assets), or pay it out to shareholders (perhaps the most straightforward way in which stocks are worth money).
