Is Orion Office REIT, Inc. overvalued or undervalued?

As of 24 March 2022, the valuation grade for Orion Office REIT, Inc. has moved from does not qualify to risky, indicating a significant shift in its perceived risk profile. The company appears to be overvalued given its financial metrics, including a Price to Book Value of 0.16, an EV to EBITDA ratio of 1.55, and a ROE of -7.30%. These ratios suggest that the company is struggling financially, especially in comparison to its peers.
In terms of peer comparison, Orion Office REIT, Inc. has a less favorable EV to EBITDA ratio than Diversified Healthcare Trust, which stands at 2.3723, and significantly lower than Orchid Island Capital, Inc., which is rated very attractive with a P/E ratio of 21.1470. The company's recent stock performance has also been underwhelming, with a year-to-date return of -34.5%, contrasting sharply with the S&P 500's gain of 2.44% during the same period. Overall, these indicators suggest that Orion Office REIT, Inc. is overvalued in the current market environment.