SONY undervalued?

Sony still gets priced like it’s mostly PlayStation and TVs, but that’s not really the business anymore. Gaming is moving from hardware to software and subscriptions, so margins are better and the cycle matters less than people think. On top of that, they own a massive amount of IP that just keeps earning over time. Their image sensor business is kind of underappreciated too. Sony is basically a key supplier for smartphone cameras globally, so you’re getting semiconductor exposure without owning a pure chip stock. Music and film are also steady cash generators. It’s not flashy, but it’s recurring revenue from content they own, which tends to hold up pretty well. Recent guidance was basically steady growth plus buybacks. Nothing exciting on the surface, but it signals consistent earnings power and that management thinks the stock isn’t expensive. Overall it still feels like the market is valuing them as a legacy consumer electronics company, when in reality it’s more like a mix of IP, semis, and recurring digital revenue. Thoughts?