Meta Platforms (NASDAQ:META) stock is underperforming the market this year.

It ended the week at $577, down by 27% from its highest point last year, with its valuation falling from $2 trillion to $1.47 trillion.

Meta Platforms Has Become a Bargain The ongoing Meta stock retreat has made it a bargain.

Its trailing price-to-earnings ratio has dropped to 20, its lowest level since February 27 2023.

It has been in a slow downtrend after peaking at 32 in October last year.