Is PotlatchDeltic Corp. overvalued or undervalued?

As of 5 August 2025, PotlatchDeltic Corp. has moved from an attractive to a fair valuation grade. The company appears to be overvalued, given its high P/E ratio of 63 compared to peers like Vornado Realty Trust with a P/E of 9.71 and Rithm Capital Corp. at 8.42. Additionally, PotlatchDeltic's EV to EBITDA stands at 10.36, which is higher than the industry average, and its PEG ratio of 0.26 suggests that growth expectations may not justify the current price.
In terms of performance, PotlatchDeltic Corp. has underperformed the S&P 500 across multiple periods, with a year-to-date return of 3.69% compared to the S&P 500's 12.22%, and a one-year return of -10.92% against the S&P 500's 17.14%. This trend reinforces the notion that the stock may be overvalued relative to its growth prospects and peer performance.