(NASDAQ: PYPL) was once on top of the world. Since its spin-off from eBay in July 2015 to their all-time high in July 2021, shares skyrocketed 740%. This means that had you invested $119,000 in the payments business at the spin-off, you would've become a millionaire in six short years.

It's been a totally different story for this fintech stock since reaching that peak. Shares currently trade 81% off that high (as of June 18), as investors have become extremely pessimistic about PayPal's prospects.

But the stock trades at a dirt cheap price-to-earnings ratio of just 14.9, which is about the cheapest it has ever sold for and a 37% discount to the broader S 500. Can the undervalued shares of PayPal make you a millionaire one day?

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Source Fool.com