Is W.P. Carey, Inc. overvalued or undervalued?

As of 24 January 2025, W.P. Carey, Inc. has moved from a fair to very attractive valuation grade. The company appears to be undervalued based on its current metrics. Key ratios include a P/E ratio of 29, an EV to EBITDA of 11.33, and a dividend yield of 5.49%.
In comparison to peers, W.P. Carey stands out with a significantly lower P/E ratio than Iron Mountain, Inc. at 108.22 and Ventas, Inc. at 338.55, both of which are considered expensive. Additionally, W.P. Carey’s EV to EBITDA ratio is more favorable than the industry average, suggesting it offers better value relative to its earnings potential. Notably, the stock has outperformed the S&P 500 over the past year, reinforcing its attractive valuation narrative.