Is NetSTREIT Corp. overvalued or undervalued?

As of 31 October 2025, the valuation grade for NetSTREIT Corp. has moved from very expensive to expensive, indicating a shift towards a less favorable valuation perspective. The company appears to be overvalued based on its current metrics, particularly with a P/E ratio of 71, which is significantly higher than the industry average, and an EV to EBITDA ratio of 24.75. Additionally, the Price to Book Value stands at 1.02, suggesting that the stock is trading at a premium relative to its book value.
In comparison to peers, NetSTREIT's P/E ratio of 69.57 is notably higher than The GEO Group, Inc. at 32.63 and Uniti Group, Inc. at 50.89, both of which are also considered expensive or risky. Furthermore, while NetSTREIT has shown a year-to-date return of 31.59%, it has underperformed the S&P 500's return of 16.30% over the same period. This performance, combined with its high valuation ratios, reinforces the conclusion that NetSTREIT Corp. is overvalued in the current market environment.