Is Plymouth Industrial REIT, Inc. overvalued or undervalued?

As of 26 February 2025, the valuation grade for Plymouth Industrial REIT, Inc. moved from fair to very attractive, indicating a significant improvement in its perceived value. The company appears to be undervalued, supported by a P/E ratio of 5, a Price to Book Value of 1.31, and an EV to EBITDA of 4.59. In comparison to peers, Plymouth's P/E ratio is substantially lower than The GEO Group, Inc. at 32.63, which is considered expensive, and it also fares better than Global Net Lease, Inc., which has a negative return and a higher EV to EBITDA of 3.43.
Despite a recent decline in the stock's performance over the past week, where it returned -0.27% compared to the S&P 500's 1.05%, the company has shown strong returns over longer periods, with a year-to-date return of 23.60% versus the S&P 500's 12.22%. This suggests that while there may be short-term volatility, the long-term outlook for Plymouth Industrial REIT remains promising.