Is Camden Property Trust overvalued or undervalued?

As of 27 August 2025, Camden Property Trust's valuation grade has moved from expensive to very expensive, indicating a significant deterioration in its perceived value. The company is overvalued based on its high P/E ratio of 110, a price-to-book value of 3.78, and an EV to EBITDA of 19.63. In comparison, peers such as Gaming & Leisure Properties, Inc. have a much lower P/E of 18.89 and EV to EBITDA of 9.45, highlighting the disparity in valuation metrics.
The stock has underperformed against the S&P 500, with a year-to-date return of -7.51% compared to the index's 12.22%, and a one-year return of -14.32% versus 17.14% for the S&P 500. This trend reinforces the conclusion that Camden Property Trust is overvalued in the current market environment.