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What does underperformed mean?

Looking for the meaning or definition of the word underperformed? Here's what it means.

Verb
  1. simple past tense and past participle of underperform
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Examples
So it's no surprise that, based on their price-earnings ratio, their shares have long underperformed those of most rivals.
Even if it has underperformed the market over a long period, has it demonstrated robustness through tough times?
Even by the low standards of his party, he has underperformed at reaching millennials in the thriving culture where they live.
It's over, and we're out, having underperformed and underachieved in a major tournament yet again.
During the first half of the year the Fund slightly underperformed its benchmark, the 91 D TBill index, mainly due to a shorter term to maturity.
The mission would fail if any of the four engine burns needed to reach the Moon and get into lunar orbit underperformed.

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