Estee Lauder shares down 80% from 2021 highs but may be undervalued long-term.

Estee Lauder's stock has fallen about 80% since its 2021 peak and is down 15% over the past decade. While recent business performance justifies some decline, the current sell-off seems excessive. The stock now trades near fair value if considering only short-term results, but on a longer horizon, it appears undervalued as profitability improves and the company's turnaround plan progresses. This suggests potential investment opportunity if one focuses on long-term fundamentals rather than short-term fluctuations.