$H-Source Holdings Ltd(HSI.CA)$ As market profitability declines, p/E ratios rise. The epidemic has made the performance of many enterprises decline, the bull market is no longer, the valuation will move down, until the performance increases. On the other hand, a large number of high-tech medical start-ups will drive up the valuation of the broader market, which may change the valuation logic. Value stocks are undervalued, masked by high p/ES for technology stocks. In the future, value stocks will rise and technology stocks will revert to the mean