As of Jul 26, 2024, the ESS stock has a PE ratio of 35.05. The calculation is based on the latest EPS of $8.18 and the stock price of $286.74 per share. An increase of 13% has been observed in the PE ratio compared to its average of 30.9 of the last four quarters.
The mean historical PE ratio of Essex Property Trust over the last ten years is 45.88. The current 35.05 P/E ratio is 24% 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 higher than its peer stocks AGNC and GEO.
| Stock name | PE ratio | Market cap |
|---|---|---|
| AGNC AGNC Investment Corp | 10.36 | $7.31B |
| LTC Ltc Properties Inc | 19.77 | $1.66B |
| GEO Geo Group Inc | 22.72 | $2.14B |
| ESS Essex Property Trust Inc | 35.05 | $18.41B |
| CMCT CIM Commercial Trust Corp | N/A | $51.73M |
The price to earnings ratio for ESS stock as of Jul 26, 2024, stands at 35.05.
The 3-year average price to earnings ratio for ESS stock is 38.55.
The 5-year average price to earnings ratio for ESS stock is 37.16.
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 24% 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 (Jul 26, 2024), Essex Property Trust's share price is $286.74. 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 35.05. PE RATIO(35.05) = STOCK PRICE($286.74) / TTM EPS($8.18)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.