Is Industrial Logistics Properties Trust overvalued or undervalued?

As of 26 July 2022, the valuation grade for Industrial Logistics Properties Trust has moved from very attractive to risky. This shift indicates a significant change in the company's financial outlook, leading to the conclusion that the company is overvalued. The current price is $4.68, and with a P/E ratio of NA due to losses, the Price to Book Value stands at 0.40, while the EV to EBITDA is at -0.06, reflecting negative operational performance.
In comparison to its peers, Industrial Logistics Properties Trust's valuation metrics are concerning. For instance, Postal Realty Trust, which is rated very attractive, has a P/E of 67.11, while Transcontinental Realty Investors, rated attractive, has a P/E of 43.81. The stark contrast in these ratios highlights the overvaluation of Industrial Logistics Properties Trust. Additionally, the company's recent stock performance has outpaced the S&P 500 over the past month, with a return of 51.95% compared to the S&P 500's 3.83%, but this does not mitigate the underlying financial risks reflected in its valuation.