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

As of 31 October 2025, the valuation grade for Phillips Edison & Co., Inc. moved from expensive to fair. The company appears fairly valued based on its current 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 Agree Realty Corp. have a P/E of 41.08, while Vornado Realty Trust stands out with a very attractive P/E of 9.71, indicating that Phillips Edison is relatively more expensive than some of its peers.
In terms of recent performance, Phillips Edison has underperformed against the S&P 500, with a year-to-date return of -9.66% compared to the index's 16.30%. This discrepancy reinforces the notion that while the stock is currently fairly valued, its recent performance may warrant caution for potential investors.