Is JBG SMITH Properties overvalued or undervalued?

As of 8 August 2023, the valuation grade for JBG SMITH Properties has moved from very attractive to risky, indicating a significant shift in its financial outlook. The company is currently considered overvalued, particularly given its troubling financial ratios, including a Price to Book Value of 0.99, an EV to EBITDA of 7.25, and a negative ROE of -7.43%.
When compared to peers, JBG SMITH's valuation stands out unfavorably; for instance, OUTFRONT Media, Inc. has a P/E ratio of 9.58 and an EV to EBITDA of 6.05, while Urban Edge Properties shows a P/E of 43.22 and an EV to EBITDA of 9.27. Additionally, the company's recent stock performance has been lackluster, with a 1-week return of -4.73% compared to a slight decline of 0.13% in the S&P 500, although it has outperformed the index over the past year with a return of 19.50%. Overall, these indicators suggest that JBG SMITH Properties is not a favorable investment at this time.