Stock Analysis
Essex Property Trust, IncESS
P/E 41.84×· 5Y range 18.23–57.71×· top 16% of history
Sector: Real Estate · Industry: Real Estate Investment Trusts
AnalystsHold31 analystsP/E 41.8× sits at the 84th percentile of its 5.086926762491444-year history.
PMP Verdict
Mixed fundamentals, expensive valuation
Strengths
- Profitability67
- Quality60
Risks
- Valuation32
- Financial Health20
Mixed fundamentals at a demanding price.
What's happening with ESS
Profile
financial health, valuation, growth and moat lag behind.
How is each axis scored?
- Valuation32/100 · Weak
- P/E vs own history (84th pct)0/25
- FCF yield (n/a)10/25
- P/S (9.0x)12/25
- EV/EBIT (n/a)10/25
- Growth36/100 · Weak
- Revenue CAGR (5.0%)12/25
- Net income CAGR (8.2%)12/25
- EPS CAGR 5Y (8.5%)12/25
- Fwd implied growth (-7.1%)0/25
- Profitability67/100 · Moderate
- ROIC (9.1%)12/25
- ROE (7.5%)5/25
- Net margin (21.5%)25/25
- Operating margin (32.5%)25/25
- Financial Health20/100 · Weak
- Altman Z (1.77)10/25
- Current ratio (0.68)0/25
- Interest coverage (2.3x)10/25
- Net cash / debt (n/a)0/25
- Quality60/100 · Moderate
- Piotroski F (5/9)15/25
- Beneish M (-2.71)25/25
- FCF conversion (n/a)0/25
- Margin stability (σ 7.6%)20/25
- Moat38/100 · Weak
- ROIC >12% years (1/9 yrs)0/25
- Median gross margin (31.8%)13/25
- FCF-positive years (n/a)0/25
- Worst-year net margin (worst 24.3%)25/25
Risk Flags
- ⚠Altman Z 1.8 — distress-zone balance sheet
- ⚠Interest coverage 2.3× — thin debt cushion
- ⚠P/E 41.8× at top 16% of 5-year history
About Essex Property Trust, Inc
Essex Property Trust owns a portfolio of 258 apartment communities with over 62,000 units. Show more
The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
Headquarters: SAN MATEO, CA · Employees: 1,689 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
32DP/E (TTM)41.8xD
Grade D: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 18.2x–57.7x · 84th pct
P/FCF29.9xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield3.3%C
Grade C: LowInverse of Finnhub P/FCF (own TTM FCF unavailable)
P/S (TTM)8.99xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 7.9x–16.1x · 24th pct
EV/EBITDA19.3xC
Grade C: ExpensiveEnterprise value / EBITDA (Finnhub) — capital-structure neutral — vs own 5Y history: 26.6x–37.9x · 96th pct
EV/Sales12.5xD
Grade D: Very expensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E45.1xD
Grade D: ExpensivePrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio3.13xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio—
Finnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield3.82%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio160.3%D
Grade D: UnsustainableDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
67BROIC9.1%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE7.5%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA3.2%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin21.5%A
Grade A: HighNet Income / Revenue
Operating Margin32.5%A
Grade A: HighTTM EBIT / TTM Revenue
Gross Margin29.2%D
Grade D: LowGross Profit / Revenue
FCF Margin—
FCF / Revenue
True FCF Margin—
TTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
36DRevenue CAGR5.0%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR8.2%C
Grade C: OkCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)8.5%C
Grade C: OkCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth-7.1%D
Grade D: Decl.Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-1.2%B
Grade B: FlatShare count change over 5Y
SBC / Net Income2.7%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.6%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
20EAltman Z-Score1.77D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio0.68xD
Grade D: LowCurrent Assets/Liabilities
Quick Ratio0.14xD
Grade D: Low(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage2.3xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF
Net Debt/EBIT—
Leverage. <2x Low, >4x High
Debt/Equity1.26xC
Grade C: MedDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt—
Cash covers how much of total debt. >1 = could repay all debt from cash
Quality
60BPiotroski F-Score5/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.71A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion—
FCF / Net Income
Margin Stability7.6%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue—
TTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.15xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 records| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Kasaris Mary Filed | Kasaris Mary | SellOpen market sale | -600 | |
MARCUS GEORGE M Filed | MARCUS GEORGE M | Grant / award | +1.1K | |
Arabia John V Filed | Arabia John V | Grant / award | +633 | |
Johnson Amal M Filed | Johnson Amal M | Grant / award | +633 | |
GUERICKE KEITH R Filed | GUERICKE KEITH R | Grant / award | +633 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Kasaris Mary Filed | Kasaris Mary | Grant / award | +633 | |
HAWTHORNE MARIA R Filed | HAWTHORNE MARIA R | Grant / award | +633 | |
GUST ANNE B Filed | GUST ANNE B | Grant / award | +633 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
38DROIC >12% Years1/9 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)31.8%C
Grade C: ModerateMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years—
Share of completed fiscal years with positive free cash flow
Net Margin Floor24.3%A
Grade A: DurableWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$6.44
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$0.91
Cash & short-term investments per share (Finnhub)
Book Value / Share$82.83
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt—
Total debt obligations (short + long term)
Cash & Equiv.$76.24M
Cash and short-term investments
Net Debt—
Total Debt minus Cash. Negative = Net Cash position
Total Equity$5.54B
Shareholders' equity (book value)
Asset / Liability1.77xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$17.32B
Current Market Capitalization
Beta0.71B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Essex Property Trust, Inc (ESS)
Piotroski F-Score of 5/9 indicates mixed fundamentals for Essex Property Trust, Inc. Altman Z-Score of 1.77 is below the 1.81 distress threshold — an elevated financial-risk flag.
- Beneish M-Score of -2.71 suggests a low likelihood of earnings manipulation.
- The stock currently yields 3.8% in dividends.
See how ESS ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all ESS moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 7 | After-hours | 267.78 | -1.73% | -2.08 |
| Sep 30 | After-hours | 269.12 | -1.76% | -2.28 |
Frequently Asked Questions about ESS
What is the current Essex Property Trust, Inc (ESS) stock price?
ESS is trading at $269.43 at the last market close, down 0.09% on the session. PreMarketPrice tracks ESS pre-market, intraday and after-hours prices.
Is ESS stock a buy right now?
PreMarketPrice's quantitative model rates Essex Property Trust, Inc's financial health at 20/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is ESS stock overvalued?
Essex Property Trust, Inc trades at a trailing P/E of 41.8 and our valuation score rates it 32/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Essex Property Trust, Inc report earnings?
No confirmed earnings date is currently scheduled for ESS. The Earnings section lists recent reports and updates as dates are announced.
What sector does Essex Property Trust, Inc operate in?
Essex Property Trust, Inc operates in the Real Estate sector, within the Real Estate Investment Trusts industry. The Related Stocks section lists sector peers for comparison.
What does Essex Property Trust, Inc do?
Essex Property Trust owns a portfolio of 258 apartment communities with over 62,000 units.
About Essex Property Trust, Inc (ESS) Stock
Essex Property Trust, Inc (ESS) is a US-listed stock operating in the Real Estate sector, specifically the Real Estate Investment Trusts industry. As of the latest update, Essex Property Trust, Inc is trading at $269.43, down 0.09% on the day with a market capitalization of $17.3 billion. The financial health score for ESS is 20/100, which indicates poor financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for ESS stock.
ESS Stock Analysis & Key Metrics
On PreMarketPrice, you can track Essex Property Trust, Inc (ESS) across multiple dimensions:
- Pre-market price & movement: Real-time ESS stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for ESS with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Essex Property Trust, Inc across multiple reporting periods.
- Financial health score: A composite score of 20/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for ESS.
- Sector peers: Compare ESS against 5 other real estate stocks on key financial metrics.
Is ESS a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Essex Property Trust, Inc (ESS) as an investment. The financial health score of 20/100 suggests poor financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Essex Property Trust, Inc (ESS) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.