The indicator allows you to quickly compare business growth rates (by default, earnings per share, EPS) and stock prices to determine overbought or undervalued.
The financial parameter as a percentage fits together several years ago, by default 5, and displays the dynamics. To date, it allows you to see how much the price is higher or lower than fair. The lag in...
![GOOGL: Fair Price [XSfera]](https://s3.tradingview.com/o/OCxTxNBM_mid.png "Fair Price [XSfera]")
