What most accurately describes Jack in the Box using its

$BF\frac{P}{E}$ ratio from a relative value perspective?

Jack in the Box is significantly more expensive than its peers on a P$/$E basis and it

is a little more expensive on a relative historical basis, so it is considered

overvalued.

Jack in the Box is significantly cheaper than its peers on a P$/$E basis but is trading at a

smaller discount than usual on a relative historical basis, so it is considered overvalued.

Jack in the Box is significantly cheaper than its peers on a P$/$E basis and it is trading

at a larger discount than usual on a relative historical basis, so it is considered

undervalued..