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What does it mean for a stock to be undervalued?

An undervalued stock means that the current price of the stock is lower than its actual value. For example: the actual value of the stock is 15 yuan, but the current stock price is 12 yuan, which means that the stock is undervalued.

How to find out specifically? You can find some stocks that have fallen below their net assets. For example, many steel stocks are currently undervalued.