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,

"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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