Essex Property Trust, Inc. (ESS)

NYSE · Real Estate · market cap 18.79B

Share price

$265.49

At the last nightly close

Intrinsic value

$398.44

A single conservative estimate.

Margin of safety

+50.1%

($398.44 − $265.49) ÷ $265.49

EV / EBIT

n/a

Not ranked: reit sector.

How these numbers are computed

The valuations are calculated in Python from filed accounts, not written by a language model. Three methods run side by side: earnings power value, which capitalises a normalised operating profit; a free-cash-flow model; and the Graham Number as an asset-side cross-check. The conservative figure above starts from the lower of the first two; the Graham Number never enters it.

The frame gives no credit for growth unless the company has earned it: only a return on invested capital that has beaten the cost of capital year after year earns a growth credit, and that credit is capped. A company that compounds will therefore usually read as expensive against it — that is deliberate. It is a price-discipline floor, not a price target, and it is not a view on what the shares will do.

The EV/EBIT ranking uses the median operating profit of up to fifteen fiscal years — a full cycle — where the free screeners use the last twelve months. When the data cannot support a method, the figure reads n/a rather than a number: a free-cash-flow valuation on a bank, a PEG on erratic earnings, a multiple on a company with no operating profit to speak of.

Fundamentals from SEC EDGAR. Prices, market data and technicals from yfinance. Valuation computed 2026-09-02.

Key metrics

Price / earnings49.3
Price / book3.2
EV / EBITDA18.5
FCF / EVn/a
Return on equity+6.5%
Return on assets+3.2%
Debt / equity1.21
Gross margin+68.4%

Market position

52-week high$295.51
52-week low$232.76
From 52-week high-10.1%
RSI (14)43.3
200-day moving average$267.79

Annual financials

PeriodRevenueOperating incomeNet incomeEPSFree cash flow
2025-FY1.89B601.9M669.7M10.40934.1M
2024-FY1.77B528.5M741.5M11.55931.9M
2023-FY1.67B525.4M405.8M6.32839.7M
2022-FY1.61B513.2M408.3M6.27812.5M
2021-FY1.44B530.0M515.7M7.51n/a

Filed figures from SEC EDGAR, in the reporting currency.

Next earnings

Q1 2027 expectedFebruary 3, 2027
Consensus EPS estimate1.51

Recent news

The figures above are the arithmetic. To see what a board of eight AI agents makes of them — macro, sector, filings, news and a devil's advocate whose only job is to attack the thesis — run the full analysis on ESS.

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This page presents computed figures and filed financial data for information only. It is not investment advice, not a recommendation to buy or sell any security, and not a statement about what these shares will do. Sperio is a research tool, not an investment adviser. Figures are derived automatically from public filings and market data and may be incomplete, out of date or wrong. See the Terms & Disclaimer.