Question 1

What is Essex Property Trust's P/E ratio?

Accepted Answer

Essex Property Trust (ESS) P/E ratio is 32.0× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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 P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Essex Property Trust?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Essex Property Trust specifically, the relevant sector benchmark is the current sector median of 27.5×.

Question 5

Is Essex Property Trust's P/E ratio high or low?

Accepted Answer

Essex Property Trust's P/E ratio of 32.0× is below its own 5-year average of 34.4× and above the sector median of 27.5×. That places the current reading at the 44th 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 P/E ratio range?

Accepted Answer

In the available daily series, Essex Property Trust (ESS) P/E ratio has ranged from a low of 14.4× in 2005 to a high of 124.0× in 2011. The 5-year average is 34.4× and the 5-year median is 31.5×.

Question 7

What was Essex Property Trust's P/E ratio in 2025?

Accepted Answer

Essex Property Trust (ESS) P/E ratio at the end of 2025 was 25.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Essex Property Trust's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$672.49M	25.1×	+0.4×	Dec 31, 2025
2024	$18.33B	$741.52M	24.7×	-14.5×	Dec 31, 2024
2023	$15.91B	$405.82M	39.2×	+5.6×	Dec 31, 2023
2022	$13.72B	$408.31M	33.6×	-13.4×	Dec 31, 2022
2021	$22.95B	$488.55M	47.0×	+19.8×	Dec 31, 2021
2020	$15.46B	$568.87M	27.2×	-18.1×	Dec 31, 2020
2019	$19.88B	$439.29M	45.3×	+3.8×	Dec 31, 2019
2018	$16.19B	$390.15M	41.5×	+4.7×	Dec 31, 2018
2017	$15.94B	$433.06M	36.8×	+0.1×	Dec 31, 2017
2016	$15.23B	$414.98M	36.7×	-30.7×	Dec 31, 2016
2015	$15.64B	$232.12M	67.4×	-36.5×	Dec 31, 2015
2014	$13.09B	$126.04M	103.9×	+69.4×	Dec 31, 2014
2013	$5.38B	$156.28M	34.4×	-7.6×	Dec 31, 2013
2012	$5.26B	$125.28M	42.0×	-57.8×	Dec 31, 2012
2011	$4.70B	$47.07M	99.8×	+5.4×	Dec 31, 2011
2010	$3.39B	$35.93M	94.4×	+26.6×	Dec 31, 2010
2009	$2.52B	$37.11M	67.8×	+38.7×	Dec 31, 2009
2008	$1.90B	$65.35M	29.1×	+7.9×	Dec 31, 2008
2007	$2.45B	$115.64M	21.1×	-32.8×	Dec 31, 2007
2006	$2.99B	$55.48M	53.9×	+27.4×	Dec 31, 2006
2005	$2.11B	$79.72M	26.5×	+2.4×	Dec 31, 2005
2004	$1.92B	$79.71M	24.1×	-11.6×	Dec 31, 2004
2003	$1.36B	$37.95M	35.8×	+18.1×	Dec 31, 2003
2002	$932.88M	$52.87M	17.6×	-1.1×	Dec 31, 2002
2001	$911.63M	$48.54M	18.8×	—	Dec 31, 2001


Crown Castle (CCI)	33.5×
Prologis (PLD)	33.1×
Universal Health Realty Income Trust (UHT)	31.4×
Tanger (SKT)	31.0×
CBRE Group (CBRE)	30.4×
Extra Space Storage (EXR)	29.3×
STAG Industrial (STAG)	28.2×
American Tower (AMT)	28.0×
Camden Property Trust (CPT)	26.4×
BXP (BXP)	26.0×
Invitation Homes (INVH)	25.8×
Public Storage (PSA)	25.0×
Kimco Realty (KIM)	24.5×
Equity Residential (EQR)	23.3×
UDR (UDR)	22.5×
Regency Centers (REG)	22.1×
NNN REIT (NNN)	20.5×
AvalonBay Communities (AVB)	20.0×
Federal Realty Investment Trust (FRT)	18.0×
SBA Communications (SBAC)	17.9×
Host Hotels & Resorts (HST)	13.1×
Simon Property Group (SPG)	12.9×
Arbor Realty Trust (ABR)	12.6×
VICI Properties (VICI)	9.4×
Apartment Investment and Management (AIV)	1.0×

P/E Ratio for Essex Property Trust (ESS)

P/E Ratio daily chart for Essex Property Trust (ESS)

Historical P/E Ratio for Essex Property Trust (ESS) from 2001 to 2025

About P/E Ratio at Essex Property Trust (ESS)

Essex Property Trust P/E Ratio by Year

Essex Property Trust P/E Ratio 2025: 25.1×

Essex Property Trust P/E Ratio 2024: 24.7×

Essex Property Trust P/E Ratio 2023: 39.2×

Essex Property Trust P/E Ratio 2022: 33.6×

Essex Property Trust P/E Ratio 2021: 47.0×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Essex Property Trust (ESS) Key Financials

P/E Ratio daily chart for Essex Property Trust (ESS)

Historical P/E Ratio for Essex Property Trust (ESS) from 2001 to 2025

About P/E Ratio at Essex Property Trust (ESS)

Essex Property Trust P/E Ratio by Year

Essex Property Trust P/E Ratio 2025: 25.1×

Essex Property Trust P/E Ratio 2024: 24.7×

Essex Property Trust P/E Ratio 2023: 39.2×

Essex Property Trust P/E Ratio 2022: 33.6×

Essex Property Trust P/E Ratio 2021: 47.0×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Essex Property Trust's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Essex Property Trust?

+Is Essex Property Trust's P/E ratio high or low?

+What is Essex Property Trust's historical P/E ratio range?

+What was Essex Property Trust's P/E ratio in 2025?

+Why does Essex Property Trust's P/E ratio change over time?

Essex Property Trust (ESS) Key Financials