InvestmentIs Advanced Micro Devices Stock Overvalued or Undervalued?SavePrintA chip the size of a coin, developed by AMD is displayed during a press conference held in Taipei, Taiwan, on May 24, 2011. Sam Yeh/AFP via Getty ImagesBenzinga12/15/2021|Updated: 12/15/2021Advanced Micro Devices Inc. shares have outperformed the S&P 500 in 2021, generating a year-to-date total return of 581.4 percent.But after AMD’s huge 2021 performance, investors may be wondering if there’s any value left in the stock heading into 2022.EarningsA price-to-earnings ratio (PE) is one of the most basic fundamental metrics for gauging a stock’s value. The lower the PE, the higher the value.Share this articleLeave a commentBenzingaAuthorAuthor’s Selected ArticlesTwitter Working on Letting Users Control Who Can @Mention Them in a TweetOct 14, 2022Elon Musk’s ‘Special Administrative Zone’ Remarks Anger Taiwan’s Military, Says No More Tesla ‘Purchases’Oct 14, 2022Top Fed Official Sounds Alarm on Stablecoins: ‘Could Pose a Risk to Financial Stability’Oct 14, 2022Why 3 Pepsi Analysts Are Raising Price Targets After Q3 EarningsOct 14, 2022Related TopicsstockAMD