True, but most people have enough sense to realize that everything and anything that can be bought or sold is only worth what someone will pay for it.
It's laughably overpricing some of my obscure domains. I think it has the decimal place two digits too far to the right, certainly for less valuable domains.
But a useful resource for anyone selling their domain name, when you WANT it to be way overvalued... One other thing I noticed was that the values change when you use capital letters instead of small caps, another credibility problem for the evaluation.