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ESS Essex Property Trust PE ratio, current and historical analysis

As of Jun 20, 2024, the ESS stock has a PE ratio of 34.24. The calculation is based on the latest EPS of $8.18 and the stock price of $280.08 per share. An increase of 11% has been observed in the PE ratio compared to its average of 30.9 of the last four quarters.

ESS PE ratio history

How has ESS's PE ratio performed in the past

The mean historical PE ratio of Essex Property Trust over the last ten years is 46.14. The current 34.24 P/E ratio is 26% 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.

Average
46.14
Median
44.07
Minimum
21.97
Maximum
99.81

Essex Property Trust PE ratio by year

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%

ESS average PE ratio chart

What is the average PE ratio of ESS for the past years

Currently, ESS's PE ratio is lower than its 3, 5 and 10-year averages.

3-year avg
39.38
5-year avg
37.64
10-year avg
46.14
15-year avg
52.95

ESS PE vs peers

What is ESS's PE ratio compared to its peers

ESS's PE ratio stands higher than its peer stocks AGNC and GEO.

Stock name PE ratio Market cap
AGNC AGNC Investment Corp 10.09 $7.12B
LTC Ltc Properties Inc 17.38 $1.46B
GEO Geo Group Inc 18.36 $1.73B
ESS Essex Property Trust Inc 34.24 $17.98B
CMCT CIM Commercial Trust Corp N/A $60.38M

Frequently asked questions

What is Essex Property Trust's PE ratio?

The price to earnings ratio for ESS stock as of Jun 20, 2024, stands at 34.24.

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 39.38.

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 37.64.

What is the highest PE ratio for ESS?

The highest quarterly PE ratio in the last ten years has been 99.81 and it was in the Dec 2014 quarter.

How does the current PE ratio for ESS compare to its historical average?

ESS's current price to earnings ratio is 26% 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 20, 2024), Essex Property Trust's share price is $280.08. 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 34.24. PE RATIO(34.24) = STOCK PRICE($280.08) / TTM EPS($8.18)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.