Is Essential Properties Realty Trust, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Essential Properties Realty Trust, Inc. moved from fair to attractive, indicating a more favorable assessment of its market position. The company appears to be undervalued based on its current metrics, with a P/E ratio of 28, a price-to-book value of 1.69, and an EV to EBITDA ratio of 14.00. In comparison, peers such as Vornado Realty Trust and Rithm Capital Corp. have P/E ratios of 9.71 and 8.42, respectively, suggesting that Essential Properties may be trading at a premium relative to its peers.
Despite the higher valuation ratios, the company's strong dividend yield of 212.79% and a ROCE of 8.71% provide a compelling case for its attractiveness. Although specific return data is not available, the overall assessment of the company's metrics suggests it is positioned well in the market.