Is Cousins Properties, Inc. overvalued or undervalued?

As of 7 July 2025, the valuation grade for Cousins Properties, Inc. has moved from attractive to fair. The company appears to be overvalued based on its current metrics. Notable valuation ratios include a P/E ratio of 94, an EV to EBITDA ratio of 8.77, and a Price to Book Value of 1.04, which are significantly higher than those of peers such as Essential Properties Realty Trust, Inc. with a P/E of 25.37 and Kilroy Realty Corp. with a P/E of 23.34.
In comparison to the S&P 500, Cousins Properties has underperformed recently, with a year-to-date return of -4.44% versus the S&P 500's 12.22%. This trend continues over longer periods, as the stock's 3-year return of 8.97% falls short of the S&P 500's impressive 70.41%. Overall, these factors suggest that Cousins Properties is overvalued relative to its peers and the broader market.