As of May 6, 2024, the ESS stock has a PE ratio of 31.23. The calculation is based on the latest EPS of $8.18 and the stock price of $255.49 per share. The PE ratio currently is comparable to its last 4-quarter average.
The mean historical PE ratio of Essex Property Trust over the last ten years is 46.14. The current 31.23 P/E ratio is 32% lower than the historical average. Looking back at the last ten years, ESS's PE ratio peaked in the Dec 2014 quarter at 99.81, with a price of $206.6 and an EPS of $2.07. The Sep 2020 quarter marked the lowest point at 21.97, with a price of $200.79 and an EPS of $9.14.
Maximum annual increase: 181.71% in 2014
Maximum annual decrease: -45.88% in 2016
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 39.23 | 16.07% |
| 2022 | 33.8 | -27.93% |
| 2021 | 46.9 | 71.67% |
| 2020 | 27.32 | -39.44% |
| 2019 | 45.11 | 8.72% |
| 2018 | 41.49 | 13.11% |
| 2017 | 36.68 | -0.92% |
| 2016 | 37.02 | -45.88% |
| 2015 | 68.4 | -31.47% |
| 2014 | 99.81 | 181.71% |
Currently, ESS's PE ratio is lower than its 3, 5 and 10-year averages.
ESS's PE ratio stands lower than its peer stock AGNC, but it is higher than GEO's and LTC's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| LTC Ltc Properties Inc | 17.4 | $1.46B |
| GEO Geo Group Inc | 18.67 | $1.72B |
| ESS Essex Property Trust Inc | 31.5 | $16.54B |
| AGNC AGNC Investment Corp | 190.2 | $6.61B |
| CMCT CIM Commercial Trust Corp | N/A | $70.75M |
The price to earnings ratio for ESS stock as of May 6, 2024, stands at 31.23.
The 3-year average price to earnings ratio for ESS stock is 39.38.
The 5-year average price to earnings ratio for ESS stock is 37.64.
The highest quarterly PE ratio in the last ten years has been 99.81 and it was in the Dec 2014 quarter.
ESS's current price to earnings ratio is 32% below its 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 6, 2024), Essex Property Trust's share price is $255.49. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $8.18. Therefore, Essex Property Trust's PE ratio for today is 31.23. PE RATIO(31.23) = STOCK PRICE($255.49) / TTM EPS($8.18)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.