Could someone compare the credit business of Collection House...

Could someone compare the credit business of Collection House (CLH) against the business of Credit Corp?

CCP appears to have a much higher margin business, and on top of that CCP appears to have a higher growth rate. Unfortunately, CCP also has a much richer valuation. If I try to understand the current valuation of the businesses by their return on equity, and I adjust that for the surplus in market price over book value, CCP is trading for around a 5.8% return:
Book Value = 4.56 / Trading Price = 18.18 * Return on Equity = 23.3% = 5.84%

CLH is trading around:
Book Value = 1.34 / Trading Price = 1.52 * Return on Equity = 10.58% = 9.32%

These aren't actually valuations. Rather, if the return on equity is a correct long term estimate of the business growth, the above numbers let me know how much of that growth I am getting if I buy at the current market price.

Quick summary: CCP looks like a much better business, but it is overpriced and the market is not giving you very much of that higher growth because of the premium you pay to book value. CLH looks reasonably priced, but maybe it does not have as good growth prospects so you lose potential for substantial upside surprise in growth.