P/E inflation flow through etc. company, through, something, beer

hw0799

Ok, I get that the higher the flow through rate and low the inflation the better for a company, but why is a company with a high P/E valued higher than one with a lower P/E? My brain is fried and maybe I'm just missing something, but wouldn't it be better to have a lower price co. with higher earnings making the P/E value lower? uggh I need a beer.