Is Veris Residential, Inc. overvalued or undervalued?

As of 3 August 2020, the valuation grade for Veris Residential, Inc. moved from very attractive to risky, indicating a significant shift in its financial outlook. The company is currently considered overvalued, as evidenced by its P/E ratio being NA due to losses, a Price to Book Value of 1.30, and an EV to EBITDA ratio of 11.26. Additionally, the Return on Capital Employed (ROCE) stands at a mere 3.68%, while the Return on Equity (ROE) is negative at -2.22%. In comparison to its peers, Veris Residential's valuation metrics are concerning. For instance, Ready Capital Corp. has a P/E ratio of -2.03 and an EV to EBITDA of 1.31, while Claros Mortgage Trust, Inc. shows a P/E of -1.72 and an EV to EBITDA of -16.08. These figures suggest that Veris Residential is not only underperforming relative to its peers but also carries a higher risk profile. Despite a recent positive stock return of 1.00% over the past week compared to a slight decline in the S&P 500, the overall trend indicates that the company is struggling to keep pace with broader market performance.