Is Park Hotels & Resorts, Inc. overvalued or undervalued?

As of 31 July 2024, the valuation grade for Park Hotels & Resorts, Inc. has moved from expensive to very attractive, indicating a significant shift in its perceived value. The company appears undervalued based on its current metrics, with a P/E ratio of 10, a price-to-book value of 0.59, and an EV to EBITDA of 3.13. In comparison, Cousins Properties, Inc. has a much higher P/E of 82.34, while EPR Properties, which is also rated very attractive, has a P/E of 17.90.
Despite recent challenges reflected in the year-to-date return of -13.79%, which underperformed the S&P 500's 12.22%, the long-term perspective shows a positive return of 12.73% over five years, contrasting sharply with the S&P 500's 96.61%. This suggests that while the stock may have faced short-term setbacks, its valuation metrics indicate it could be a compelling investment opportunity at its current price.