Chess Learning is a retailer focused on education supplies. The company has a book value of $39.58 per share. Chess Learning has a PB ratio of 8.80 and the education supplies industry PB ratio is 6.46. Assuming that comparable industry companies are priced correctly the intrinsic value of Chess Learning's equity per share is:

Overvalued by $92.62 per share
	Overvalued $39.58 per share
	Priced correctly