Is Global Medical REIT, Inc. overvalued or undervalued?

As of 3 August 2021, the valuation grade for Global Medical REIT, Inc. moved from risky to very attractive, indicating a significant improvement in its investment appeal. The company appears undervalued, particularly when considering its Price to Book Value of 0.89 and an EV to EBITDA ratio of 4.35, which are favorable compared to its peers. Additionally, the P/E ratio stands at 48, which is higher than the peer average of approximately 46.20 for similar companies like Armada Hoffler Properties, Inc. and New York Mortgage Trust, Inc., both of which also have attractive valuations.
In terms of peer comparison, Global Medical REIT, Inc. has a lower EV to EBITDA than Brandywine Realty Trust, which is at 2.49, suggesting it may be undervalued relative to its earnings potential. Despite a challenging return profile over longer periods, where it has underperformed the S&P 500 (with a 1-year return of -23.77% versus 17.14% for the index), its recent 1-month return of 16.07% compared to the S&P 500's 2.33% indicates a potential turnaround.