Intrinsiqq
ESSEX PROPERTY TRUST, INC. logoEssex Property Trust, Inc.ESS
$274.11+0.75%
ESSEX PROPERTY TRUST, INC. logo

Essex Property Trust, Inc.

ESS

$274.11

+$2.03 (+0.75%)

⊜ Compare
ProfitabilityStrong marginsGrowthSteady growthCash FlowN/AValuationRichly valued
What stands out

47.65% operating margin is above average. ROIC at 10.85%.

What's changing

Revenue grew 6.4%, steady but not accelerating.

What deserves caution

At 43x earnings, the current multiple leaves limited room for execution misses or growth deceleration.

Valuation context

42.7x earnings. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.

Price History

+4.6%

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$17.62B
EPS$6.42
P/E42.70
P/FCF—
EV/EBITDA19.34
FCF Yield—
Div. Yield3.77%
Net Debt/FCF—
52-Week Range
$239.61$298.33

Profitability & Returns

Revenue (TTM)

$1.93B

▲ +6.4% YoY

Net Income (TTM)

$414M

▼ -9.7% YoY

Op. Margin

32.54%

▲ +8.0pp YoY

ROIC

4.65%

▲ +2.4pp YoY

Cash Flow & Balance Sheet

FCF

N/A

Op. Cash Flow (TTM)

$1.12B

▲ +0.6% YoY

Net Debt

$6.38B

Cash & Equiv.

$58M

5Y CAGR: +4.8%

Continue Research

SourceComputed from the 10-Q filed 23 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 3 Oct 2026. How this is calculated.

Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.

Is Essex Property Trust (ESS) overvalued?

At a P/E of 42.7, Essex Property Trust (ESS) trades around a two-stage DCF intrinsic value of about $308.21 per share, so at $274.11 the stock looks around fair value (12.4% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.

On quality, Essex Property Trust scores 69/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 3.8%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.

Frequently asked

What is Essex Property Trust's fair value?+

Intrinsiqq's two-stage DCF estimates an intrinsic value of about $308.21 per share for ESS, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $231.16. At today's $274.11, that puts the stock about 12.4% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.

Is Essex Property Trust a high-quality business?+

Essex Property Trust scores 69 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 32.5% operating margin and a 4.7% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.

Does Essex Property Trust (ESS) pay a dividend, and how much?+

Yes, Essex Property Trust pays a regular dividend of about $10.32 per share per year (typically in quarterly installments), a yield of roughly 3.8% at the current price. That is a payout ratio of about 160.3% of earnings, so the dividend is stretched at this level. Essex Property Trust has grown the dividend at roughly 4.8% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For ESS's full payout history, growth streak and dividend-safety score, see the dividends tab.

Is Essex Property Trust a good stock to buy right now?+

That depends on valuation and quality together, not either alone. ESS currently trades around its estimated intrinsic value and scores 69/100 on quality (solid). It also yields about 3.8%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.

Related stocks: Real Estate Investment Trusts

Spot a number that looks wrong? Check it in ESS's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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Not financial advice. Analytical data for research only.

Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.