Meta trades at approximately 16x forward earnings versus its 10-year average above 20x, representing a ~20% discount to historical norms despite robust core advertising fundamentals and an AI monetization runway that is only beginning to materialize. The stock has staged a constructive V-shaped recovery from the $532 post-earnings low, printing higher lows and breaking above key resistance levels, suggesting the market has over-punished the stock for near-term capex concerns while underpricing the long-term earnings power of its 3+ billion user ecosystem. Entering now at $590.24 captures the early phase of a rerating toward fair value as AI agent monetization and Advantage+ ad platform growth provide tangible near-term revenue catalysts.