Are "Fair companies at wounderful prices" the new value traps now?

As Warren Buffet already started:

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

You named them: PYPL, TTD, ADBE. These stocks are decent companies with ridiculous low valuations, but still gets punished.

I know that wounderful business like GOOG will perform better than cheap fair stocks like PYPL, but I didn't know these one make you loose money long term. Even if the intrinsic value is way above its current stock price. I expect mispriced fair stocks to be corrected sooner or later, but it seems not to happen.