A firm is operating in food and beverage sector and trading in Borsa Istanbul.

Total Shares: 10 million

Market Price per share: 8 TL

Total Net Profit: 5 million TL

Calculate P/E multiple of this firm. The average P/E ratio of comparable firms in food nad beverage sector in BIST is 10. Is this firm undervalued or overvalued? Would you invest in this firm according to P/E multple. Calculate the expected fundamental price per share according to average of P/E multiple.