Question 1

What is Essex Property Trust's EV/EBITDA ratio?

Accepted Answer

Essex Property Trust (ESS) EV/EBITDA ratio is 17.4× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Essex Property Trust?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Essex Property Trust specifically, the relevant sector benchmark is the current sector median of 15.8×.

Question 5

Is Essex Property Trust's EV/EBITDA ratio high or low?

Accepted Answer

Essex Property Trust's EV/EBITDA ratio of 17.4× is above its own 5-year average of 17.1× and above the sector median of 15.8×. That places the current reading at the 51th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Essex Property Trust's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Essex Property Trust (ESS) EV/EBITDA ratio has ranged from a low of 5.3× in 2002 to a high of 60.0× in 2007. The 5-year average is 17.1× and the 5-year median is 16.8×.

Question 7

What was Essex Property Trust's EV/EBITDA ratio in 2025?

Accepted Answer

Essex Property Trust (ESS) EV/EBITDA ratio at the end of 2025 was 16.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Essex Property Trust's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$16.87B	$1.45B	16.3×	-5.4×	Dec 31, 2025
2024	$18.33B	$1.14B	21.7×	+6.4×	Dec 31, 2024
2023	$15.91B	$1.42B	15.3×	+2.0×	Dec 31, 2023
2022	$13.72B	$1.47B	13.4×	-5.8×	Dec 31, 2022
2021	$22.95B	$1.52B	19.1×	+5.8×	Dec 31, 2021
2020	$15.46B	$1.62B	13.3×	-4.8×	Dec 31, 2020
2019	$19.88B	$1.41B	18.1×	+2.2×	Dec 31, 2019
2018	$16.19B	$1.35B	15.9×	-0.3×	Dec 31, 2018
2017	$15.94B	$1.32B	16.2×	-2.5×	Dec 31, 2017
2016	$15.23B	$1.10B	18.7×	-4.3×	Dec 31, 2016
2015	$15.64B	$906.49M	22.9×	-4.4×	Dec 31, 2015
2014	$13.09B	$659.58M	27.3×	+9.0×	Dec 31, 2014
2013	$5.38B	$452.97M	18.3×	-0.6×	Dec 31, 2013
2012	$5.26B	$420.64M	19.0×	-3.3×	Dec 31, 2012
2011	$4.70B	$313.57M	22.2×	+2.7×	Dec 31, 2011
2010	$3.39B	$283.70M	19.5×	+1.6×	Dec 31, 2010
2009	$2.52B	$247.64M	18.0×	+4.5×	Dec 31, 2009
2008	$1.90B	$269.27M	13.4×	-11.2×	Dec 31, 2008
2007	$2.45B	$166.78M	24.6×	-27.2×	Dec 31, 2007
2006	$2.99B	$81.69M	51.8×	+34.1×	Dec 31, 2006
2005	$2.11B	$195.00M	17.7×	+0.0×	Dec 31, 2005
2004	$1.92B	$183.01M	17.6×	+3.5×	Dec 31, 2004
2003	$1.36B	$165.47M	14.1×	+3.0×	Dec 31, 2003
2002	$932.88M	$155.36M	11.1×	+5.0×	Dec 31, 2002
2001	$911.63M	$251.86M	6.1×	—	Dec 31, 2001


Public Storage (PSA)	17.7×
Regency Centers (REG)	17.7×
CBRE Group (CBRE)	17.2×
Invitation Homes (INVH)	16.1×
AvalonBay Communities (AVB)	16.1×
SBA Communications (SBAC)	16.0×
Mid-America Apartment Communities (MAA)	15.9×
Tanger (SKT)	15.7×
Kimco Realty (KIM)	15.1×
UDR (UDR)	15.0×
STAG Industrial (STAG)	14.8×
NNN REIT (NNN)	14.7×
Universal Health Realty Income Trust (UHT)	14.7×
Arbor Realty Trust (ABR)	14.1×
Equity Residential (EQR)	13.1×
Extra Space Storage (EXR)	13.0×
Federal Realty Investment Trust (FRT)	12.8×
Medical Properties Trust (MPT)	12.8×
BXP (BXP)	12.6×
Camden Property Trust (CPT)	12.4×
Healthpeak Properties (DOC)	11.7×
VICI Properties (VICI)	11.6×
Simon Property Group (SPG)	11.5×
Apartment Investment and Management (AIV)	8.8×
Host Hotels & Resorts (HST)	8.1×

EV/EBITDA for Essex Property Trust (ESS)

EV/EBITDA daily chart for Essex Property Trust (ESS)

Historical EV/EBITDA for Essex Property Trust (ESS) from 2001 to 2025

About EV/EBITDA at Essex Property Trust (ESS)

Essex Property Trust EV/EBITDA by Year

Essex Property Trust EV/EBITDA 2025: 16.3×

Essex Property Trust EV/EBITDA 2024: 21.7×

Essex Property Trust EV/EBITDA 2023: 15.3×

Essex Property Trust EV/EBITDA 2022: 13.4×

Essex Property Trust EV/EBITDA 2021: 19.1×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Essex Property Trust (ESS) Key Financials

EV/EBITDA daily chart for Essex Property Trust (ESS)

Historical EV/EBITDA for Essex Property Trust (ESS) from 2001 to 2025

About EV/EBITDA at Essex Property Trust (ESS)

Essex Property Trust EV/EBITDA by Year

Essex Property Trust EV/EBITDA 2025: 16.3×

Essex Property Trust EV/EBITDA 2024: 21.7×

Essex Property Trust EV/EBITDA 2023: 15.3×

Essex Property Trust EV/EBITDA 2022: 13.4×

Essex Property Trust EV/EBITDA 2021: 19.1×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Essex Property Trust's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for Essex Property Trust?

+Is Essex Property Trust's EV/EBITDA ratio high or low?

+What is Essex Property Trust's historical EV/EBITDA ratio range?

+What was Essex Property Trust's EV/EBITDA ratio in 2025?

+Why does Essex Property Trust's EV/EBITDA ratio change over time?

Essex Property Trust (ESS) Key Financials