An undervalued stock is defined as a stock that is selling at a price significantly below what is assumed to be its intrinsic value. For example, if a stock is selling for $50, but it is worth $100 based on predictable future cash flows, then it is an undervalued stock.
The financials and share structure (among other factors) of ONCI warrant a much higher PPS. See realistic valuation posted in the PlusOneCoin Top Posts above to gain an understanding of the potential here.