How should we evaluate TGT compared to Canadian Tire analyzing their BF P / E ratio from a relative value and historical average perspective? 1 - Canadian Tire has a lower P / E multiple, but it is trading at a smaller historical discount than it usually does, so it is considered relatively overvalued when evaluating its P / E premium / discount level from a historical perspective. 2 - Canadian Tire has a lower P / E multiple, and it is trading at a larger historical premium than it usually does, so it is considered relatively undervalued when evaluating its P / E premium / discount level from a historical perspective. historical average perspective? premium / discount level from a historical perspective . 3 - TGT has a lower P / E multiple, but it is trading at a larger historical premium than it usually does so it is considered relatively overvalued when evaluating its P / E premium / discount level from a historical perspective