Is City Office REIT, Inc. overvalued or undervalued?

As of 5 October 2023, the valuation grade for City Office REIT, Inc. has moved from very attractive to risky. The company is currently considered overvalued based on its financial metrics. Key ratios include a price to book value of 0.29, an EV to EBITDA of 2.01, and a dividend yield of an extraordinary 765.65%. However, the negative P/E ratio indicates that the company is loss-making, which further complicates its valuation.
In comparison to peers, City Office REIT, Inc. has a significantly lower EV to EBITDA ratio than Postal Realty Trust, Inc. at 9.6775 and Transcontinental Realty Investors, Inc. at 34.8138, both of which are rated very attractive. The company's recent stock performance has shown a 1-year return of 11.60%, which outperformed the S&P 500's return of 10.26%, but this does not mitigate the overall risk reflected in its current valuation.