It is the https://en.m.wikipedia.org/wiki/Conglomerate_discount https://en.m.wikipedia.org/wiki/Conglomerate_discount It is not mispricing, but it is a discoun

It is the https://en.m.wikipedia.org/wiki/Conglomerate_discount https://en.m.wikipedia.org/wiki/Conglomerate_discount It is not mispricing, but it is a discount. Big companies, even very healthy ones, often split to satisfy their investors based on this phenomenon. It hasn't really played much in tech though which might be why you haven't heard of it, but is very very well known in industrial companies.