[airstrike]

Markets dictate the value empirically, because by definition the price is set at the market, so that's something of a tautology. But markets don't do fundamental analysis on a stock to take a step back and think what is this really worth.

In other words, markets are great at discovering the price at which something will transact, but that's just a function over all price expectation of all market participants.

But each participant can do their own fundamental analysis. This is one of them.

Some participants are better than others at such analyses. It's up to you to think through the ones that get published.

Pricing things differently from the market observed price is how you get alpha.