I think, you've got it wrong. Your market capitalisation changes...

I think, you've got it wrong. Your market capitalisation changes when share price changes. What about the number of issued shares and the financial positions? MHL issued 3,629,516,408, wheras OIP 155,000,000

Example:
MHL - In 2009, cash reserves at Monitor Energy Ltd fell by 569.00k. Cash Flow from Financing totalled 1.97m or 4,470.45% of revenues. In addition the company used 1.76m for operations while cash used for investing totalled 906.00k

Shares Outstanding 3.63bn
Market Cap 11.13mAUD
Book Value Per Share 0.0003
Tangible Book Value Per Share 0.0003

http://markets.ft.com/tearsheets/performance.asp?s=MHL%3AASX&vsc_appId=ts&ftsite=FTCOM&searchtype=equity&searchOption=equity&x=34&y=14

OIP - In 2009, cash reserves at Orion Petroleum Ltd fell by 6.34m. Cash Flow from Financing was even, which indicates that this company's capital needs are balanced. In addition the company used 6.34m for operations while cash used for investing totalled 5.00k.

Shares Outstanding 155.00m
Market Cap 15.19mAUD
Book Value Per Share 0.0951
Tangible Book Value Per Share 0.0951

http://markets.ft.com/tearsheets/performance.asp?s=OIP%3AASX

You need to consider more indicators when you look at fundamentals. In conclusion, MHL is well overvalued and OIP is undervalued.

cheers nj