Overvalued is a fundamentals statement. It is not a prediction on future prices. If someone buys an asset for $100B that yields one penny per year with no gro

Overvalued is a fundamentals statement. It is not a prediction on future prices. If someone buys an asset for $100B that yields one penny per year with no growth - it is safe to say it's overvalued / a speculative investment. It does not mean that someone won't buy it for $200B tomorrow.