Peter Lynch just called. He said to thank you for your valuation methods because if it weren't for people like you, he and his students wouldn't be rich.
You value Taco Bell based on its 100 restaurants. Peter Lynch and his students valued Taco Bell based on the 5,000 restaurants they knew were coming.
The notion of a PE of 8 not being cheap for this thing is nothing less than insanity to investors who know what they're doing.