Question 1

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

Accepted Answer

Essex Property Trust (ESS) P/E ratio is 32.8× as of July 22, 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.

Question 5

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

Accepted Answer

Essex Property Trust's P/E ratio of 32.8× is below its own 5-year average of 34.4×. That places the current reading at the 48th 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	$16.9B	$672M	25.1×	+0.4×	Dec 31, 2025
2024	$18.3B	$742M	24.7×	-14.5×	Dec 31, 2024
2023	$15.9B	$406M	39.2×	+5.6×	Dec 31, 2023
2022	$13.7B	$408M	33.6×	-13.4×	Dec 31, 2022
2021	$23B	$489M	47.0×	+19.8×	Dec 31, 2021
2020	$15.5B	$569M	27.2×	-18.1×	Dec 31, 2020
2019	$19.9B	$439M	45.3×	+3.8×	Dec 31, 2019
2018	$16.2B	$390M	41.5×	+4.7×	Dec 31, 2018
2017	$15.9B	$433M	36.8×	+0.1×	Dec 31, 2017
2016	$15.2B	$415M	36.7×	-30.7×	Dec 31, 2016
2015	$15.6B	$232M	67.4×	-36.5×	Dec 31, 2015
2014	$13.1B	$126M	103.9×	+69.4×	Dec 31, 2014
2013	$5.38B	$156M	34.4×	-7.6×	Dec 31, 2013
2012	$5.26B	$125M	42.0×	-57.8×	Dec 31, 2012
2011	$4.7B	$47.1M	99.8×	+5.4×	Dec 31, 2011
2010	$3.39B	$35.9M	94.4×	+26.6×	Dec 31, 2010
2009	$2.52B	$37.1M	67.8×	+38.7×	Dec 31, 2009
2008	$1.9B	$65.4M	29.1×	+7.9×	Dec 31, 2008
2007	$2.45B	$116M	21.1×	-32.8×	Dec 31, 2007
2006	$2.99B	$55.5M	53.9×	+27.4×	Dec 31, 2006
2005	$2.11B	$79.7M	26.5×	+2.4×	Dec 31, 2005
2004	$1.92B	$79.7M	24.1×	-11.6×	Dec 31, 2004
2003	$1.36B	$37.9M	35.8×	+18.1×	Dec 31, 2003
2002	$933M	$52.9M	17.6×	-1.1×	Dec 31, 2002
2001	$912M	$48.5M	18.8×	—	Dec 31, 2001

P/E Ratio for Essex Property Trust (ESS) 2001-2026

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×

Frequently asked questions

Essex Property Trust (ESS) Key Financials