of valuations I mean, it is not only about a particular ratio versus let's say, its past or versus its peers, because obviously, market is assimilating all the information that is there currently And over a period of time,
it generally finds the right level for various stocks So, what is important here is to understand is what can change in the future for that company,
for that business and for that stock And that I think will matter more, when it comes to judging whether a stock is undervalued Let us say,
there is a change in the nature of a business or because of, let's say, internal changes, because of management changes or external factors, which is cyclical, economy, etc.,
those are the reasons, probably, where a stock can seem undervalued currently and probably can trade at a better valuation in the future Analysing a company or a stock holistically in a sector and in the economic environment can give a judgement of whether a stock is undervalued or correctly valued