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 shift in perception regarding its investment potential. The company appears to be overvalued, particularly given its negative P/E ratio and low ROE of -7.43%. Key ratios include a Price to Book Value of 0.99, an EV to EBITDA of 7.25, and an EV to Sales ratio of 2.74, which suggest that the company is not performing well relative to its assets and sales.
In comparison to peers, JBG SMITH Properties has a significantly lower valuation with an EV to EBITDA of 8.4830, while OUTFRONT Media, Inc. boasts a more favorable EV to EBITDA of 7.3225 and a P/E of 24.9457. This highlights the challenges JBG SMITH faces in attracting investor confidence. Notably, the company's stock has outperformed the S&P 500 in the short term, with a year-to-date return of 56.47% compared to the S&P 500's 12.22%, but its long-term performance has been lackluster, indicating potential volatility ahead.