I'm in the midst of revisiting Warren Buffet's Interpretation of Financial Statements book in order to be able to do my own due diligence in finding fair value within a company.
The book covers fundamentals like; durable competitive advantage, consistent profitability, and efficient capital management, however I'm very green and wanted to open a discussion as to what metric other traders consistently look for and how they determine if a company is being offered at a fair price?
For example, what metrics would tell you that a company is potentially overvalued therefore you should consider waiting to see if price were to go lower before buying, if all other fundamentals are in place?