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 in perception regarding its valuation. The company appears to be overvalued based on its current metrics, particularly with a P/E ratio of 94, which is significantly higher than its peers, such as Essential Properties Realty Trust, Inc. with a P/E of 25.37, and Kilroy Realty Corp. at 23.34. Additionally, Cousins Properties has an EV to EBITDA ratio of 26.40, while its peer average is considerably lower, suggesting that it is trading at a premium compared to its industry counterparts.
In terms of performance, Cousins Properties has struggled recently, with a year-to-date return of -16.71%, compared to a positive return of 16.30% for the S&P 500. This underperformance reinforces the notion that the stock may be overvalued in the current market environment. Overall, the combination of high valuation ratios and poor relative performance suggests that Cousins Properties, Inc. is not an attractive investment at this time.