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Disney Co . had the total revenues of $ 8 8 , 8 9 8 million in 2 0 2 3 , with a net

Disney Co. had the total revenues of $88,898 million in 2023, with a net profit margin of 2.65%. Its current share price is $109.46 per share. It has 1,830 million shares outstanding. Compute its current Price-Earnings (P/E) ratio. Given the S&P 500 average P/E ratio of 27.95, do you find Disney stock undervalued, overvalued, or fairly priced? Why?

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