Is Highwoods Properties, Inc. overvalued or undervalued?

As of 9 November 2018, the valuation grade for Highwoods Properties, Inc. moved from fair to very attractive, indicating a significant improvement in its perceived value. The company appears to be undervalued, supported by a P/E ratio of 17, a PEG ratio of 0.35, and an EV to EBITDA ratio of 6.50, all of which suggest a favorable valuation compared to its peers.
In comparison to its industry, Highwoods Properties has a lower P/E ratio than National Health Investors, Inc. at 24.77 and Broadstone Net Lease, Inc. at 24.20, both of which are also rated very attractive. While the stock has underperformed the S&P 500 over the 1-year, 3-year, and 5-year periods, it has shown a positive return of 11.43% over the past month, contrasting with the S&P 500's 2.33% return, which may indicate a potential turnaround.