Is Vornado Realty Trust overvalued or undervalued?

As of 31 October 2025, the valuation grade for Vornado Realty Trust moved from attractive to very attractive. The company appears to be undervalued, considering its P/E ratio of 51, which is significantly higher than peers like Rithm Capital Corp. with a P/E of 8.42, and its PEG ratio of 0.62 suggests growth potential at a reasonable price. Additionally, the EV to EBITDA ratio stands at 10.46, indicating a favorable valuation compared to the industry.
In comparison to its peers, Vornado Realty Trust's valuation metrics highlight its relative attractiveness, especially when contrasted with Agree Realty Corp., which has a P/E of 41.08. While the stock has shown resilience, the lack of recent return data makes it difficult to draw a direct comparison with the S&P 500; however, the overall valuation metrics suggest a strong position in the market.