Is Hudson Pacific Properties, Inc. overvalued or undervalued?

As of 27 April 2022, Hudson Pacific Properties, Inc. has moved from a very attractive to a risky valuation grade. The company appears to be overvalued given its significant negative returns and poor financial ratios. Key ratios include a Price to Book Value of 0.12, an EV to EBITDA of 0.73, and an EV to Sales of 0.25, all indicating a lack of profitability and efficiency in generating returns.
In comparison to peers, Hudson Pacific's valuation metrics are notably weaker; for instance, Global Net Lease, Inc. has a P/E of -16.68 and an EV to EBITDA of 3.43, while UMH Properties, Inc. shows a much healthier P/E of 42.21 and an EV to EBITDA of 11.11. The company's stock has underperformed significantly, with a one-year return of -45.52% compared to the S&P 500's 17.14%, reinforcing the perception of overvaluation.