Is Phillips Edison & Co., Inc. overvalued or undervalued?

As of 11 September 2025, the valuation grade for Phillips Edison & Co., Inc. moved from expensive to fair. The company is currently fairly valued based on its metrics. Key ratios include a P/E ratio of 69, an EV to EBITDA of 11.31, and a Price to Book Value of 2.14. In comparison, peers such as Vornado Realty Trust have a much lower P/E of 9.71, while Agree Realty Corp. shows a fair valuation with a P/E of 41.08.
Despite the fair valuation, Phillips Edison has underperformed against the S&P 500, with a year-to-date return of -5.26% compared to the index's 12.22%. Over a three-year period, however, the company achieved a return of 11.39%, which is significantly lower than the S&P 500's 70.41% return, indicating potential concerns about its growth prospects relative to the broader market.