Is EPR Properties overvalued or undervalued?

As of 29 April 2022, EPR Properties has moved from a fair to a very attractive valuation grade. The company appears to be undervalued, given its current P/E ratio of 21, which is significantly lower than its peers such as Essential Properties Realty Trust, Inc. with a P/E of 28.21 and Phillips Edison & Co., Inc. at 67.30. Additionally, EPR's EV to EBITDA ratio stands at 8.87, which is competitive compared to peers like Sabra Health Care REIT, Inc. at 9.35.
The dividend yield for EPR Properties is notably high at 410.24%, and the company's ROCE is 15.83%, indicating strong operational efficiency. In comparison to the S&P 500, EPR has outperformed with a year-to-date return of 33.49% versus the index's 2.44%, reinforcing the notion that the stock is undervalued relative to its performance and peer metrics.