Is CBL & Associates Properties, Inc. overvalued or undervalued?

As of 20 February 2025, the valuation grade for CBL & Associates Properties, Inc. has moved from attractive to very attractive, indicating a strong improvement in its perceived value. The company is currently considered undervalued based on its financial metrics. Key ratios include a P/E ratio of 12, an EV to EBITDA of 2.45, and a remarkable ROCE of 72.81%.
In comparison to peers, CBL's P/E ratio of 12 is significantly better than Piedmont Office Realty Trust, Inc., which has a P/E of -20.20, and Saul Centers, Inc., which has a P/E of 17.89. The company's EV to EBITDA ratio of 2.45 also stands out favorably against the industry average, suggesting that it is trading at a lower multiple compared to its peers. Notably, CBL has outperformed the S&P 500 over the past year with a return of 14.53% compared to the index's 10.26%, reinforcing the narrative of its undervaluation.