Is PepsiCo Stock Fairly Valued After Its 50% Recovery?

Even after almost a 50% rise from its March 2020 lows, PepsiCo stock still has marginal upside. PEP stock increased from $104 to $154 off its 2020 lows, though that was still less than the 90% recovery in the S&P 500 from its 2020 bottom. Even though the stock is 40% above its December 2018 level...