Is Ladder Capital Corp. overvalued or undervalued?

As of 6 May 2021, Ladder Capital Corp. has moved from a risky to a very attractive valuation grade. The company is currently undervalued, with a P/E ratio of 13, which is significantly lower than peers such as LTC Properties, Inc. at 17.18 and Getty Realty Corp. at 21.89. Additionally, Ladder Capital's Price to Book Value stands at 0.91, and it boasts a robust ROCE of 30.29%, indicating strong operational efficiency.
In comparison to its peers, Ladder Capital's EV to EBITDA ratio of 2.56 is more favorable than LTC Properties' 9.73, reinforcing its attractive valuation. Despite a challenging year-to-date return of -3.84% compared to the S&P 500's 2.44%, the company's solid dividend yield of 8.48% and favorable valuation metrics suggest it presents a compelling investment opportunity at its current price of $10.76.