Is Anzen IYEP Trust overvalued or undervalued?

As of 7 March 2025, the valuation grade for Anzen IYEP Trust has moved from does not qualify to very expensive, indicating a significant shift in its perceived value. The company is currently overvalued, as evidenced by its PE ratio of -137.72, an EV to EBIT of 68.75, and a Price to Book Value of 1.44. These ratios suggest that the market is pricing the stock at an unsustainable level compared to its earnings and asset values.
In comparison with peers, Altius Telecom has a PE ratio of 52.97 and an EV to EBITDA of 11.81, while Embassy Office REIT shows a PE of 23.06 and an EV to EBITDA of 21.67, both of which highlight the stark contrast in valuation metrics. Additionally, Anzen IYEP Trust's return year-to-date of 12.29% outperformed the Sensex's 6.24%, yet this performance does not justify its current valuation, reinforcing the conclusion that the stock is overvalued.