Within the same industry, I see that ExxonMobil (XOM) has a P/E ratio of 23.2 and Chevron
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Question:
"Within the same industry, I see that ExxonMobil (XOM) has a P/E ratio of 23.2 and Chevron (CVX) has a P/E ratio of 28.5. Therefore, XOM is more likely to be an undervalued stock."
True.
False.
Cannot reach that conclusion using only that information.
PS: the answer is NOT True
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