ESS
Essex Property Trust
$276.28
▲ 0.9%Updated Today 7:15 PM ET
▼ Down 3.6% over the last 12 months
Market Cap
$17.59B
P/E
30.8x
Forward P/E (est.)
36.22x
ROE
10.3%
Revenue Growth
5.3%
EPS Growth
-15.0%
Profit Margin
30.0%
FCF Yield
6.1%
Debt / Equity
1.23x
ROIC
6.0%
Interest Coverage
4.22x
Current Ratio
—
Dividend Yield
3.7%
Implied Growth (rev. DCF)
—
Rating Score
50/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what ESS's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. ESS trades near $276.28, above its 50-day average ($268.00) and 200-day average ($259.62). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 47 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. ESS's is $5.54 (~2.0% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month ESS found buyers near $268.04 (support) and sellers near $288.31 (resistance); its 52-week range is $238.46–$294.09. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.9× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
Essex Property Trust (ESS) is a large-cap company in the Multi-Family Residential REITs industry, part of the Real Estate sector of the S&P 500, with a market value around $17.59B.
In its latest reported year it generated about $9.38M in revenue.
Our model rates ESS Neutral (50/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
0.7%
Revenue moved from $9.14M in 2021 to $9.38M in 2025, a 0.7% compound annual growth rate. The most recent year grew a steady 5.3% year over year. Slower, mature growth is common for established businesses.
Gross Margin
14060.1%
Operating Margin
9586.6%
Net Margin
30.0%
ROE
10.3%
Essex Property Trust keeps about 30.0% of each sales dollar as net profit, with a 14060.1% gross margin and 9586.6% operating margin. Return on equity is 10.3% and return on invested capital about 6.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$6.84B
Net Debt
$6.80B
Net Debt / EBITDA
7.56x
Debt / Equity
1.23x
Leverage: debt-to-equity is 1.2x, and operating profit covers interest about 4.2x. That is a moderate, manageable debt load for most businesses. It carries roughly $6.84B of total debt against $38.01M of cash.
Operating CF
$1.07B
Free Cash Flow
$1.07B
FCF Margin
11453.2%
In the latest year Essex Property Trust produced about $1.07B of operating cash flow and $1.07B of free cash flow after capital spending. That is a free-cash-flow yield of about 6.1% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
P/E
30.8x
P/S
9.58x
P/B
2.99x
EV / EBITDA
24.13x
ESS trades at 30.8x trailing earnings (about 36.2x on estimated forward earnings), 9.6x sales, and 3.0x book value. That is a premium multiple that needs growth to justify it.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How ESS stacks up against its Real Estate peers — valuation, profitability, and growth versus the sector median.
In the Real Estate sector (31 S&P 500 companies), ESS ranks #19 of 31 by our overall rating. It trades at roughly in line versus the sector on earnings (30.8x P/E vs. 30.8x median) with a higher return on equity (10.3% vs. 8.0%) and slower revenue growth (5.3% vs. 5.3%).
P/E vs sector
30.8x
median 30.8x
ROE vs sector
10.3%
median 8.0%
Growth vs sector
5.3%
median 5.3%
Sector rank
#19
of 31 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Real Estate companies by sub-industry and size. Sector median is across all 31 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$1.06 – $1.73
vs. $276.28 today · expected CAGR -67% – -64%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $9.85M | $10.34M | $10.86M | $11.40M | $11.97M |
| Net income | $2.96M | $3.10M | $3.26M | $3.42M | $3.59M |
| EPS | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 |
| Share price (low) | $0.87 | $0.92 | $0.96 | $1.01 | $1.06 |
| Share price (high) | $1.43 | $1.50 | $1.57 | $1.65 | $1.73 |
| CAGR (low–high) | -100% / -99% | -94% / -93% | -85% / -82% | -75% / -72% | -67% / -64% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for ESS:
- High net margins (30.0%) point to pricing power or efficiency.
- Healthy free-cash-flow yield (~6.1%) funds buybacks and dividends.
- Pays a 3.7% dividend on top of any price gains.
The case against ESS:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Valuation risk — at 30.8x earnings, disappointing results could compress the multiple.
Balance-sheet risk — debt/equity of 1.2x magnifies the impact of higher rates or weaker earnings.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Essex Property Trust is a large-cap real estate business growing at a mature pace, with solid profitability, and a heavier debt load to watch. It trades at 30.8x earnings, which our model scores Neutral (50/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.