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

As of 27 January 2025, the valuation grade for W.P. Carey, Inc. moved from expensive to very attractive, indicating a significant improvement in its perceived value. The company appears undervalued based on its current metrics, with a P/E ratio of 29, a Price to Book Value of 1.64, and an EV to EBITDA of 11.33. In comparison to peers, W.P. Carey, Inc. has a more favorable valuation than Ventas, Inc., which has a P/E of 105.02, and Iron Mountain, Inc., with a P/E of 127.46.
Despite a recent decline in stock price, W.P. Carey has shown a year-to-date return of 23.81%, outperforming the S&P 500's return of 12.22% in the same period. This performance, along with its attractive valuation ratios, supports the conclusion that W.P. Carey, Inc. is currently undervalued in the market.