Is Getty Realty Corp. overvalued or undervalued?

As of 15 January 2025, Getty Realty Corp. has moved from a fair to a very attractive valuation grade. The company is currently considered undervalued. Key ratios include a P/E ratio of 22, an EV to EBITDA of 9.56, and a dividend yield of 577.14%, which significantly outpaces industry averages.
In comparison to its peers, Getty Realty Corp. has a P/E ratio of 21.89, while Apollo Commercial Real Estate Finance, Inc. shows a much higher P/E of 169.66, indicating that Getty is more attractively priced relative to its earnings. Additionally, the company's ROCE stands at 11.46%, suggesting efficient capital utilization. Despite a recent underperformance against the S&P 500 over the past three years, the current valuation metrics suggest that Getty Realty Corp. presents a compelling investment opportunity.