What most accurately describes TGT using its BF P/E ratio from a relative value perspective? TGT is significantly more expensive than its peers on a P/E basis and it is cheaper on a relative historical basis, so it is considered overvalued. TGT is significantly cheaper than its peers on a P/E basis and it is more expensive on a relative historical basis, so it is considered fairly valued. TGT is significantly cheaper than its peers on a P/E basis and on a relative historical basis, so it is considered undervalued