You wrote that it’s intrinsic value is $72 and some cents and his stock price is $102. Then you said this shows that the intrinsic value is measurably higher than the stock price you have that backwards the stock price is measurably higher than the intrinsic value

I apologize for the confusion in my previous response. You are correct that the stock price is measurably higher than the intrinsic value. I made an error in my calculation and the provided information. The correct intrinsic value calculation based on the data provided is as follows: 1. **Intrinsic Value Calculation**: Ryanair Holdings' intrinsic value, based on projected free cash flow (FCF) and book value, is estimated to be $71.92. This is lower than the current stock price of $102.12, suggesting that the stock may be overvalued. 2. **Valuation Ratios**: The company's price-to-FCF ratio is 1.4, which is relatively low, indicating that the stock may be undervalued compared to its cash flow generation ability. Additionally, the price-to-book ratio is 2.72, which is lower than the industry average, further suggesting a potential undervaluation. Given these figures, it is clear that Ryanair's intrinsic value is significantly lower than its stock price, which could indicate that the stock may be overvalued or that there are other market factors at play.