“Being still and doing nothing are two completely different things.” Jackie Chan Last Friday markets were in free fall zone, falling 1.9% on a single day or over 15% in last six months. Is this culmination of the market correction going on for over last few months or beginning of a new wave of further corrections? Usually price to earnings or PE, price to book value or PB and market cap to GDP are tracked to test if markets are overpriced or fairly priced or undervalued. Let’s try to decode and analyze them to see where market stands today.   Indicator Sep-24 Feb-25 Rise / Decline Nifty 26216 22124 -15.61% EPS 1063 1125 5.83% PE 24.66 19.67 -20.26% PB 4.27 3.29 -22.95% Market Cap to GDP 139.36 110 -21.07% Source: www.trendlyne.com...