Is Camden Property Trust overvalued or undervalued?

As of 6 February 2025, Camden Property Trust's valuation grade has moved from expensive to very expensive, indicating a significant increase in perceived overvaluation. The company is currently assessed as overvalued, with a P/E ratio of 110, well above the industry average, and an EV to EBITDA ratio of 19.63. Additionally, the Price to Book Value stands at 3.78, further emphasizing the high valuation relative to its assets.
In comparison to peers, Essex Property Trust, Inc. has a P/E of 28.13 and an EV to EBITDA of 15.29, while Kimco Realty Corp. is valued at a P/E of 25.49 and an EV to EBITDA of 10.80, both indicating more attractive valuations. Camden's recent stock performance has lagged behind the S&P 500, with a 1-year return of 5.98% compared to the index's 10.26%, reinforcing the notion of overvaluation.