Is AMREP Corp. overvalued or undervalued?

As of 30 June 2025, the valuation grade for AMREP Corp. has moved from fair to attractive, indicating a positive shift in its perceived value. The company appears undervalued based on several key metrics, including a P/E ratio of 9, a Price to Book Value of 0.89, and an EV to EBITDA ratio of 5.61. In comparison to peers, AMREP Corp. has a more favorable PEG ratio of 0.28, while Five Point Holdings LLC has a P/E of 8.22 and an EV to EBITDA of 4.34, both of which are lower than AMREP's metrics.
Despite a year-to-date return of -10.48%, AMREP Corp. has outperformed the S&P 500 over the longer term, with a 3-year return of 114.74% compared to the S&P's 70.41%. This suggests that while recent performance may raise concerns, the overall trend indicates strong potential for future growth.