Valuation dashboard for Essex Property Trust, Inc. (ESS) with P/E 70.13, P/B 3.17, EV/EBITDA 13.52 and dividend yield 3.96%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Real Estate companies.
Essex Property Trust, Inc., a prominent S&P 500 constituent, operates as a vertically integrated real estate investment trust (REIT). The company focuses on the purchase, construction, renovation, and ongoing management of residential apartment complexes across select West Coast regions.
Analysis Summary
Essex Property Trust, Inc. reported revenue of $1.90B in the most recent fiscal year, growing at a 5-year CAGR of 4.9%. Net income reached $672.5M, with a 3.4% 5-year CAGR.
Trailing-twelve-month margins: gross margin 68.7%, operating margin 29.0%, net margin 18.0%.
At $265.22 (closing price, October 29, 2026), ESS trades at a P/E of 70.13 and an ROE of 6.48%. Market capitalisation stands at $17.0B, placing it among large-cap names.
Balance sheet quality for ESS: current ratio of 2.3. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Long-term track record: over the past decade, ESS has compounded revenue at 4.8% annually and net income at 11.2%. This decade-long view smooths out cyclical fluctuations and reveals the underlying business momentum more reliably than single-year snapshots.
Valuation Ratios
| P/E Ratio | 70.13 |
| Price / Book | 3.17 |
| EV / EBITDA | 13.52 |
| Dividend Yield | 3.96% |
Valuation Models
| DCF Fair Value | $649.28 |
| vs Current Price | +144.8% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| ESS | Essex Property Trust, Inc. | $17.0B | 70.13 | 3.17 | 6.5% |
| SUI | Sun Communities, Inc. | $14.6B | 2.60 | -12.2% | |
| INVH | Invitation Homes Inc. | $15.7B | 23.37 | 1.78 | 7.5% |
| MAA | Mid-America Apartment Communities, Inc. | $13.7B | 35.84 | 2.59 | 7.1% |
| UDR | UDR, Inc. | $11.4B | 22.56 | 3.84 | 16.3% |
| IRT | Independence Realty Trust, Inc. | $3.5B | 80.65 | 1.04 | 1.3% |
| VMRK | Vivmark Residential | $23.2B | 27.08 | 2.21 | 8.1% |
Price
| Price | $265.22 (closing price, October 29, 2026) |
| Market Cap | $17.0B |
| Exchange | NYSE |
| Country | US |
Profitability
| Return on Equity | 6.48% |
| Return on Invested Capital | 263.88% |
| Return on Assets | 2.73% |
| Gross Margin | 68.69% |
| Operating Margin | 29.04% |
| Net Margin | 17.99% |
Related companies: SUI · INVH · MAA · UDR · IRT · VMRK
Explore sector: Real Estate · REIT - Residential
More sections of ESS: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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