ESRT
Empire State Realty Trust
PE ratio, current and historical analysis
- Stocks
- Real Estate
- NYSE: ESRT
- PE Ratio
As of Jun 22, 2026, the Empire State Realty Trust stock's price-to-earnings ratio is 23.41. This results from the current EPS of $0.22 and stock price of $5.15. The P/E ratio has decreased by 19% from the past four quarters average of 29.0.
ESRT PE ratio history
The PE ratio of Empire State Realty Trust has averaged 43.73 over the last ten years. The current PE ratio of 23.41 is 46% below the historical average. In the past ten years, ESRT's PE ratio was at its highest in the Jun 2022 quarter at 140.6, when the stock price was $7.03 and the EPS was $0.05. The lowest value was in the Mar 2023 quarter, when it reached 19.67 with a price of $6.49 and an EPS of $0.33.
Empire State Realty Trust PE ratio by year
Maximum annual increase: 36.64% in 2019
Maximum annual decrease: -29.53% in 2025
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 25.08 | -29.53% | $6.52 | $0.26 |
| 2024 | 35.59 | 10.19% | $10.32 | $0.29 |
| 2023 | 32.3 | 5.42% | $9.69 | $0.3 |
| 2022 | 30.64 | N/A | $6.74 | $0.22 |
| 2021 | N/A | N/A | $8.9 | -$0.06 |
| 2020 | N/A | N/A | $9.32 | -$0.1 |
| 2019 | 49.86 | 36.64% | $13.96 | $0.28 |
| 2018 | 36.49 | -28.91% | $14.23 | $0.39 |
| 2017 | 51.33 | -3.39% | $20.53 | $0.4 |
| 2016 | 53.13 | -11.79% | $20.19 | $0.38 |
| 2015 | 60.23 | -7.5% | $18.07 | $0.3 |
| 2014 | 65.11 | N/A | $17.58 | $0.27 |
Empire State Realty Trust PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 23.64 | -5.74% | $5.2 | $0.22 |
| Dec 2025 | 25.08 | -27.97% | $6.52 | $0.26 |
| Sep 2025 | 34.82 | 7.6% | $7.66 | $0.22 |
| Jun 2025 | 32.36 | 28.26% | $8.09 | $0.25 |
| Mar 2025 | 25.23 | -29.11% | $7.82 | $0.31 |
| Dec 2024 | 35.59 | -16.49% | $10.32 | $0.29 |
| Sep 2024 | 42.62 | 13.59% | $11.08 | $0.26 |
| Jun 2024 | 37.52 | 7.41% | $9.38 | $0.25 |
| Mar 2024 | 34.93 | 8.14% | $10.13 | $0.29 |
| Dec 2023 | 32.3 | 32.59% | $9.69 | $0.3 |
| Sep 2023 | 24.36 | -5.69% | $8.04 | $0.33 |
| Jun 2023 | 25.83 | 31.32% | $7.49 | $0.29 |
| Mar 2023 | 19.67 | -35.8% | $6.49 | $0.33 |
| Dec 2022 | 30.64 | -43.95% | $6.74 | $0.22 |
| Sep 2022 | 54.67 | -61.12% | $6.56 | $0.12 |
ESRT Price vs fair value
ESRT average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, ESRT's PE ratio is lower than the 3, 5 and 10-year averages.
PE comparison
Empire State Realty Trust's P/E of 23.41 is below the Real Estate sector and the industry average. But compared to its Real Estate sector average of 23.85, Empire State Realty Trust's P/E is only 1.8% lower.
ESRT PE vs peers
Compared to its peer stock PVH, ESRT's PE ratio stands higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PVH Pvh Corp | 21.34 | $3.38B |
| ESRT Empire State Realty Trust Inc | 23.45 | $889.74M |
| PEB Pebblebrook Hotel Trust | N/A | $2.08B |
Frequently asked questions
What is Empire State Realty Trust's PE ratio?
The price to earnings ratio for ESRT stock as of Jun 22, 2026, stands at 23.41.
What is the 3-year average PE ratio for Empire State Realty Trust (ESRT)?
The average PE ratio for ESRT stock over the past 3 years is 31.19.
What is the 5-year average PE ratio for Empire State Realty Trust (ESRT)?
The average PE ratio for ESRT stock over the past 5 years is 38.74.
What is the highest PE ratio for ESRT?
The highest quarterly PE ratio in the last ten years has been 140.6 and it was in the Jun 2022 quarter.
How does the current PE ratio for ESRT compare to its historical average?
ESRT's price to earnings ratio is currently 46% below its 10-year historical average.
How is ESRT's PE ratio calculated (Empire State Realty Trust PE ratio formula)?
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jun 22, 2026), Empire State Realty Trust's stock price is $5.15. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $0.22. Therefore, Empire State Realty Trust's P/E ratio for today is 23.41. PE RATIO(23.41) = STOCK PRICE($5.15) / TTM EPS($0.22)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.