Depending on time horizon. Based on 3-6 months, I feel it's overvalued. Too many headwinds now. Poor market sentiment, lower sales projection due to lower consumer demand for electronic goods, strong dollar which put pressure on overseas sale revenue, rising raw material cost and supply chain disruption, etc. Based on horizon of 2-5 years, Apple can be considered as undervalued due to its new chip, rising revenue from its service, upcoming new projects, etc. Of course, things will be harder to predict when horizon become longer. So do your due diligence and make your bets accordingly. Remember to practice risk management and not go all in.