Essex Property Trust, Inc (ESS) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
Essex Property Trust owns a portfolio of 258 apartment communities with over 62,000 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban s...
Essex Property Trust, Inc (ESS) currently trades at a P/E ratio of 41.84 (historical range: 18.23–57.71, median: 30.48), placing it at the 84th percentile — expensive relative to its history, P/S ratio of 8.99 (range: 7.95–16.15, 24th percentile — below its historical average), EV/EBITDA of 37.67 (range: 26.59–37.93, 96th percentile).
Over the historical period (2021-09-14 to 2026-10-16), Essex Property Trust, Inc's P/E ratio has contracted by 15% over the observed period (from an average of 35.2 to 30.1).
Essex Property Trust, Inc trades above its historical valuation range, with most metrics above their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 41.84 | 30.48 | 84th | expensive relative to its history |
| P/S Ratio | 8.99 | 9.58 | 24th | below its historical average |
| EV/EBITDA | 37.67 | 28.09 | 96th | expensive relative to its history |
Essex Property Trust, Inc (ESS) Valuation & P/E History
Essex Property Trust, Inc (ESS) is a US-listed stock operating in the Real Estate sector, specifically the Real Estate Investment Trusts industry currently trading at $269.43 with a market capitalization of $17.3 billion. This page provides historical valuation analysis for ESS based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 41.84 is above the historical median of 30.48, placing ESS at the 84th percentile of its valuation range. The P/S ratio of 8.99 compares to a median of 9.58.
ESS Valuation Metrics & Historical Range
The valuation table above shows Essex Property Trust, Inc's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether ESS is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests ESS is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Essex Property Trust, Inc.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is ESS Overvalued or Undervalued?
Essex Property Trust, Inc trades above its historical valuation range, with most metrics above their median levels. The overall valuation percentile of 68 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive ESS is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full ESS analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.ESS trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.