Is the Tesco share price overvalued or undervalued at the moment?

Fundamentals of a stock matter. But occasionally, macro factors will overwhelm these fundamentals. In 2022, investors were more concerned about the impact of inflation, war in Ukraine, cost-of-living crisis, et cetera. As a result, they are marking down most stocks.

Tesco could not escape from this wholesale de-rating of UK stocks. By some measu...