Is Cousins Properties, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Cousins Properties, Inc. moved from very expensive to expensive, indicating a shift towards a more cautious outlook. The company appears to be overvalued based on its current metrics, with a P/E ratio of 94, an EV to EBITDA of 8.77, and a Price to Book Value of 1.04. In comparison, peers such as Essential Properties Realty Trust, Inc. have a P/E of 25.37, and Kilroy Realty Corp. shows a P/E of 23.34, highlighting that Cousins Properties is trading at a significantly higher valuation.
The recent performance of Cousins Properties has been underwhelming, with a year-to-date return of -15.37% compared to the S&P 500's gain of 16.30%, and a one-year return of -15.34% against the S&P 500's 19.89%. This stark contrast reinforces the notion that the stock is currently overvalued relative to its peers and the broader market.