Is NetSTREIT Corp. overvalued or undervalued?

As of 31 October 2025, the valuation grade for NetSTREIT Corp. moved from very expensive to expensive, indicating a shift in perception regarding its valuation. Based on the current metrics, the company appears to be overvalued. The P/E ratio stands at 71, significantly higher than the peer average, while the EV to EBITDA ratio is 9.81, which also suggests a premium valuation compared to its peers.
In comparison to its peers, The GEO Group, Inc. has a P/E ratio of 32.63, and Alexander & Baldwin, Inc. presents a much lower P/E of 17.61, highlighting that NetSTREIT Corp. is trading at a much higher valuation. Additionally, the company's return of 22.38% over the past year outperformed the S&P 500's return of 19.89%, but its 3-year return of 0.32% starkly contrasts with the S&P 500's impressive 76.66%, reinforcing the notion that while short-term performance has been decent, long-term prospects may not justify the current valuation.