Is Independence Realty Trust, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Independence Realty Trust, Inc. moved from expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 138, an EV to EBITDA of 12.27, and a PEG ratio of 0.28, indicating that while the P/E is high, the PEG suggests potential growth relative to its price.
In comparison to peers, Vornado Realty Trust has a significantly lower P/E of 9.71, while Essential Properties Realty Trust, Inc. shows a P/E of 25.37, highlighting the varying valuations within the sector. The stock has underperformed against the S&P 500 over multiple periods, with a year-to-date return of -18.30% compared to the S&P 500's 16.30%, reinforcing the notion that the stock may be fairly valued given its recent performance trends.