Stocktoria

ESSEX PROPERTY TRUST, INC. ESS

NYSE · reit · Real Estate Investment Trusts · website · IPO 1994-06-07 · LEI

ESSEX PROPERTY TRUST, INC. statistics & valuation

P / S10.1×
P / B3.3×
Graham number -49.9%$143.98

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($143.98); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
70.20% 70.10% 70.00% 69.90% 2016201720182019202020212022202320242025
Operating margin (%)
32.50% 34.70% 36.60% 32.90% 32.90% 36.80% 37.00% 35.00% 39.60% 47.60% 2016201720182019202020212022202320242025
Return on equity (%)
6.60% 6.80% 6.10% 2016201720182019202020212022202320242025
Shares outstanding
65.6M 66.1M 66.1M 66.1M 65.6M 65.2M 65.1M 64.3M 64.3M 64.4M 2016201720182019202020212022202320242025
Net debt ($)
$2.13B $1.96B $1.67B $920.6M $569.9M $590.5M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
3.40% 3.50% 3.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.35× 0.31× 0.28× 0.15× 0.10× 0.10× 2016201720182019202020212022202320242025
EPS ($)
$6.27 $6.57 $5.90 $6.66 $8.69 $7.51 $6.27 $6.32 $11.54 $10.40 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ESSEX PROPERTY TRUST, INC. trades at about 27.6× earnings — below its 10-year norm (10-year range 24.2×–46.5×, median 36.1×).

24.2× 46.5×

Shaded band = 10-year range (24.2×–46.5×); dot = today's 27.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin69.9%70.0%70.1%70.2%
Operating margin47.6%39.6%35.0%37.0%36.8%32.9%32.9%36.6%34.7%32.5%
Net margin27.9%31.8%32.1%
Return on assets3.2%3.5%3.4%
Return on equity6.1%6.8%6.6%
Debt / equity0.10×0.10×0.15×0.28×0.31×0.35×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.