Is AG Mortgage Investment Trust, Inc. overvalued or undervalued?

As of 7 August 2023, AG Mortgage Investment Trust, Inc. moved from risky to very attractive, indicating a significant improvement in its valuation outlook. The company appears undervalued, with a P/E ratio of 4, a Price to Book Value of 0.40, and an EV to EBITDA ratio of 0.23, all suggesting that the stock is trading at a discount compared to its intrinsic value.
In comparison to its peers, AG Mortgage Investment Trust, Inc. has a much lower P/E ratio than Industrial Logistics Properties Trust, which has a P/E of -4.68, and City Office REIT, Inc., which has a P/E of -28.93. The company's strong ROCE of 96.89% further supports its attractive valuation. Over the past year, AG Mortgage Investment Trust, Inc. has returned 0.77%, significantly lagging behind the S&P 500's return of 17.14%, highlighting the potential for upside as the market recognizes its value.