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This discussion seems to be one one that continually comes up every few years, shame the initial topic is missing.
It’s incredibly hard to define overpriced in this context, it very much depends on how you value something, your interests, and what brings you enjoyment. Trying to do like-for-like comparisons or cost per miniature is a futile exercise for this as theres so many variables to account for.
This hobby is a luxury, it costs money and companies exist to make money, in general terms if you can’t afford something or don’t want to pay the asked price for it then it is overpriced but that is specific to every individual.
Personally, I don’t buy GW products (except LotR), while I find the sculpting generally good, I have no interest in their game systems and for me, they are “overpriced” but I have no issue with people playing or buying their games.