ESS
Essex Property Trust
PE ratio, current and historical analysis
- Stocks
- Real Estate
- NYSE: ESS
- PE Ratio
As of Jun 22, 2026, the ESS stock has a PE ratio of 31.04. The calculation is based on the latest EPS of $8.9 and the stock price of $276.28 per share. An increase of 30% has been observed in the PE ratio compared to its average of 23.9 of the last four quarters.
ESS PE ratio history
The mean historical PE ratio of Essex Property Trust over the last ten years is 36.53. The current 31.04 P/E ratio is 15% lower than the historical average. Looking back at the last ten years, ESS's PE ratio peaked in the Mar 2022 quarter at 57.2, with a price of $345.48 and an EPS of $6.04. The Sep 2025 quarter marked the lowest point at 20.32, with a price of $267.66 and an EPS of $13.17.
Essex Property Trust PE ratio by year
Maximum annual increase: 181.71% in 2014
Maximum annual decrease: -62.16% in 2012
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 25.16 | 1.82% | $261.68 | $10.4 |
| 2024 | 24.71 | -37.01% | $285.44 | $11.55 |
| 2023 | 39.23 | 16.07% | $247.94 | $6.32 |
| 2022 | 33.8 | -27.93% | $211.92 | $6.27 |
| 2021 | 46.9 | 71.67% | $352.23 | $7.51 |
| 2020 | 27.32 | -39.44% | $237.42 | $8.69 |
| 2019 | 45.11 | 8.72% | $300.86 | $6.67 |
| 2018 | 41.49 | 13.11% | $245.21 | $5.91 |
| 2017 | 36.68 | -0.92% | $241.37 | $6.58 |
| 2016 | 37.02 | -45.88% | $232.5 | $6.28 |
| 2015 | 68.4 | -31.47% | $239.41 | $3.5 |
| 2014 | 99.81 | 181.71% | $206.6 | $2.07 |
| 2013 | 35.43 | -17.37% | $143.51 | $4.05 |
| 2012 | 42.88 | -62.16% | $146.65 | $3.42 |
| 2011 | 113.31 | 13.1% | $140.51 | $1.24 |
Essex Property Trust PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 27.19 | 8.07% | $242 | $8.9 |
| Dec 2025 | 25.16 | 23.82% | $261.68 | $10.4 |
| Sep 2025 | 20.32 | -10.72% | $267.66 | $13.17 |
| Jun 2025 | 22.76 | -22.35% | $283.4 | $12.45 |
| Mar 2025 | 29.31 | 18.62% | $306.57 | $10.46 |
| Dec 2024 | 24.71 | -28.4% | $285.44 | $11.55 |
| Sep 2024 | 34.51 | 2.43% | $295.42 | $8.56 |
| Jun 2024 | 33.69 | 12.56% | $272.2 | $8.08 |
| Mar 2024 | 29.93 | -23.71% | $244.81 | $8.18 |
| Dec 2023 | 39.23 | 50.54% | $247.94 | $6.32 |
| Sep 2023 | 26.06 | -8.69% | $212.09 | $8.14 |
| Jun 2023 | 28.54 | 2.77% | $234.3 | $8.21 |
| Mar 2023 | 27.77 | -17.84% | $209.14 | $7.53 |
| Dec 2022 | 33.8 | -22.97% | $211.92 | $6.27 |
| Sep 2022 | 43.88 | -0.84% | $242.23 | $5.52 |
ESS Price vs fair value
ESS 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, ESS's PE ratio is higher than the 3-year average, but it is lower than its 5 and 10-year averages.
PE comparison
With a price to earnings (P/E) of 31.04, ESS ranks higher than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 23.85, Essex Property Trust's price to earnings (P/E) is 30% higher.
ESS PE vs peers
ESS's PE ratio stands higher than its peer stocks AGNC and GEO.
| Stock name | PE ratio | Market cap |
|---|---|---|
| AGNC AGNC Investment Corp | 8.22 | $11.98B |
| LTC Ltc Properties Inc | 14.44 | $1.91B |
| GEO Geo Group Inc | 14.98 | $4B |
| ESS Essex Property Trust Inc | 31.38 | $17.95B |
| CMCT CIM Commercial Trust Corp | N/A | $9.26M |
Frequently asked questions
What is Essex Property Trust's PE ratio?
The price to earnings ratio for ESS stock as of Jun 22, 2026, stands at 31.04.
What is the 3-year average PE ratio for Essex Property Trust (ESS)?
The 3-year average price to earnings ratio for ESS stock is 28.45.
What is the 5-year average PE ratio for Essex Property Trust (ESS)?
The 5-year average price to earnings ratio for ESS stock is 34.51.
What is the highest PE ratio for ESS?
The highest quarterly PE ratio in the last ten years has been 57.2 and it was in the Mar 2022 quarter.
How does the current PE ratio for ESS compare to its historical average?
ESS's current price to earnings ratio is 15% below its 10-year historical average.
How is ESS's PE ratio calculated (Essex Property Trust PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jun 22, 2026), Essex Property Trust's share price is $276.28. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $8.9. Therefore, Essex Property Trust's PE ratio for today is 31.04. PE RATIO(31.04) = STOCK PRICE($276.28) / TTM EPS($8.9)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.