Question 1

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

Accepted Answer

Essex Property Trust (ESS) P/S ratio is 9.6× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

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

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Essex Property Trust specifically, the relevant sector benchmark is the current sector median of 7.0×.

Question 5

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

Accepted Answer

Essex Property Trust's P/S ratio of 9.6× is below its own 5-year average of 10.6× and above the sector median of 7.0×. That places the current reading at the 47th 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/S ratio range?

Accepted Answer

In the available daily series, Essex Property Trust (ESS) P/S ratio has ranged from a low of 3.6× in 2009 to a high of 16.3× in 2022. The 5-year average is 10.6× and the 5-year median is 9.9×.

Question 7

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

Accepted Answer

Essex Property Trust (ESS) P/S ratio at the end of 2025 was 8.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$1.90B	8.9×	-1.3×	Dec 31, 2025
2024	$18.33B	$1.80B	10.2×	+0.7×	Dec 31, 2024
2023	$15.91B	$1.67B	9.5×	+1.0×	Dec 31, 2023
2022	$13.72B	$1.61B	8.5×	-7.4×	Dec 31, 2022
2021	$22.95B	$1.44B	15.9×	+5.6×	Dec 31, 2021
2020	$15.46B	$1.50B	10.3×	-3.3×	Dec 31, 2020
2019	$19.88B	$1.46B	13.6×	+2.1×	Dec 31, 2019
2018	$16.19B	$1.40B	11.6×	-0.1×	Dec 31, 2018
2017	$15.94B	$1.36B	11.7×	-0.1×	Dec 31, 2017
2016	$15.23B	$1.29B	11.8×	-1.3×	Dec 31, 2016
2015	$15.64B	$1.19B	13.1×	-0.4×	Dec 31, 2015
2014	$13.09B	$970.37M	13.5×	+4.7×	Dec 31, 2014
2013	$5.38B	$609.01M	8.8×	-0.9×	Dec 31, 2013
2012	$5.26B	$542.87M	9.7×	-0.2×	Dec 31, 2012
2011	$4.70B	$472.91M	9.9×	+1.8×	Dec 31, 2011
2010	$3.39B	$414.83M	8.2×	+2.1×	Dec 31, 2010
2009	$2.52B	$410.92M	6.1×	+1.5×	Dec 31, 2009
2008	$1.90B	$410.79M	4.6×	-1.8×	Dec 31, 2008
2007	$2.45B	$378.55M	6.5×	-2.5×	Dec 31, 2007
2006	$2.99B	$333.89M	9.0×	+2.6×	Dec 31, 2006
2005	$2.11B	$332.26M	6.4×	-0.1×	Dec 31, 2005
2004	$1.92B	$299.11M	6.4×	+1.1×	Dec 31, 2004
2003	$1.36B	$253.32M	5.4×	+0.7×	Dec 31, 2003
2002	$932.88M	$200.12M	4.7×	+0.3×	Dec 31, 2002
2001	$911.63M	$208.37M	4.4×	—	Dec 31, 2001


AvalonBay Communities (AVB)	7.5×
American Tower (AMT)	7.4×
VICI Properties (VICI)	7.2×
Equity Residential (EQR)	7.1×
Kimco Realty (KIM)	7.0×
Federal Realty Investment Trust (FRT)	7.0×
Camden Property Trust (CPT)	6.5×
UDR (UDR)	6.4×
Tanger (SKT)	6.4×
Mid-America Apartment Communities (MAA)	6.4×
SBA Communications (SBAC)	6.4×
Ventas (VTR)	6.3×
Invitation Homes (INVH)	5.4×
CoStar Group (CSGP)	4.9×
Apartment Investment and Management (AIV)	4.5×
Iron Mountain (IRM)	4.2×
Healthpeak Properties (DOC)	4.0×
Universal Health Realty Income Trust (UHT)	3.8×
Alexandria Real Estate Equities (ARE)	3.0×
Medical Properties Trust (MPT)	2.8×
BXP (BXP)	2.4×
Host Hotels & Resorts (HST)	2.2×
Arbor Realty Trust (ABR)	1.2×
Opendoor Technologies (OPEN)	1.1×
CBRE Group (CBRE)	0.9×

P/S Ratio for Essex Property Trust (ESS)

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

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

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

Essex Property Trust P/S Ratio by Year

Essex Property Trust P/S Ratio 2025: 8.9×

Essex Property Trust P/S Ratio 2024: 10.2×

Essex Property Trust P/S Ratio 2023: 9.5×

Essex Property Trust P/S Ratio 2022: 8.5×

Essex Property Trust P/S Ratio 2021: 15.9×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Essex Property Trust (ESS) Key Financials

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

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

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

Essex Property Trust P/S Ratio by Year

Essex Property Trust P/S Ratio 2025: 8.9×

Essex Property Trust P/S Ratio 2024: 10.2×

Essex Property Trust P/S Ratio 2023: 9.5×

Essex Property Trust P/S Ratio 2022: 8.5×

Essex Property Trust P/S Ratio 2021: 15.9×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

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

+How is the P/S ratio calculated?

+What is the P/S ratio?

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

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

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

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

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

Essex Property Trust (ESS) Key Financials