Is EastGroup Properties, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for EastGroup Properties, Inc. moved from very expensive to expensive. The company is currently considered overvalued based on its high valuation ratios. The P/E ratio stands at 39, significantly higher than the industry average, while the EV to EBITDA ratio is 34.11, also above the peer average of 18.76. Additionally, the Price to Book Value is 2.69, indicating a premium over its book value compared to peers such as Annaly Capital Management, which has a P/E of 19.50, and Omega Healthcare Investors, with a P/E of 26.03.
In terms of recent performance, EastGroup Properties has underperformed relative to the S&P 500, with a year-to-date return of 8.75% compared to the index's 16.30%. This trend continues over longer periods, with a 5-year return of 31.15% versus the S&P 500's 109.18%, reinforcing the notion that the stock may be overvalued given its high valuation ratios and lagging performance.