Is Gaming & Leisure Properties, Inc. overvalued or undervalued?

As of 24 October 2023, Gaming & Leisure Properties, Inc. has moved from a fair to a very attractive valuation grade. The company is currently considered undervalued, with a P/E ratio of 16, which is significantly lower than peers such as Iron Mountain, Inc. with a P/E of 108.22 and Ventas, Inc. at 338.55. Additionally, the company boasts a robust ROCE of 28.23% and a dividend yield of 625.57%, indicating strong profitability and shareholder returns.
In comparison to its peers, Gaming & Leisure Properties, Inc. has an EV to EBITDA ratio of 8.89, which is favorable against Iron Mountain's 14.04 and Ventas's 43.69. The PEG ratio of 4.68, while high, should be viewed in the context of the company's strong performance metrics. Despite a year-to-date return of -1.97%, the stock has outperformed the S&P 500 over the past week, suggesting potential for recovery and growth. Overall, the valuation metrics indicate that Gaming & Leisure Properties, Inc. is undervalued relative to its peers and market performance.