How should we evaluate TGT compared to Canadian Tire analyzing their BF P$/$E ratio from a relative value and historical average perspective? $1-$ Canadian Tire has a lower P$/$E multiple, but it is trading at a smaller historical discount than it usually does, so it is considered relatively overvalued when evaluating its P$/$E premium$/$ discount level from a historical perspective.

$2-$ Canadian Tire has a lower P$/$E multiple, and it is trading at a larger historical premium than it usually does, so it is considered relatively undervalued when evaluating its P$/$E premium$/$ discount level from a historical perspective.

historical average perspective?

premium$/$discount level from a historical perspective$\mathrm{.}3-$ TGT has a lower P$/$E multiple, but it is trading at a larger historical premium than it usually does so it is considered relatively overvalued when evaluating its P$/$E premium$/$ discount level from a historical perspective.