Essential Properties Realty Trust, Inc. (EPRT) Financial Ratios
10 years of historical data (2016–2025) · Real Estate · REIT - Diversified
EV/EBITDA
↓
17.07
-6% vs avg
5yr avg: 18.23
30Y Low16.2·High22.2
P/FCF
↓
16.66
-1% vs avg
5yr avg: 16.88
30Y Low13.7·High21.1
P/B Ratio
↓
1.41
-3% vs avg
5yr avg: 1.44
30Y Low0.7·High1.7
ROE
↑
6.5%
↓+5% vs avg
5yr avg: 6.2%
30Y Low1%·High7%
Debt/EBITDA
↓
4.89
↓-8% vs avg
5yr avg: 5.29
30Y Low4.9·High25.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EPRT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Essential Properties Realty Trust, Inc. trades at 22.9x earnings, 12% below its 5-year average of 26.0x, sitting at the 13th percentile of its historical range. This is roughly in line with the Real Estate sector median P/E of 24.1x. On a free-cash-flow basis, the stock trades at 16.7x P/FCF, roughly in line with the 5-year average of 16.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.3B | $6.0B | $5.5B | $3.9B | $3.2B | $3.4B | $2.0B | $1.9B | $605M | — | — |
| Enterprise Value | $8.8B | $8.4B | $7.6B | $5.6B | $4.6B | $4.5B | $2.9B | $2.6B | $1.1B | — | — |
| P/E Ratio → | 22.94 | 23.17 | 27.20 | 20.61 | 23.71 | 35.16 | 48.18 | 39.38 | 38.44 | — | — |
| P/S Ratio | 11.30 | 10.64 | 12.32 | 10.91 | 11.13 | 14.71 | 12.43 | 13.41 | 6.29 | — | — |
| P/B Ratio | 1.41 | 1.42 | 1.55 | 1.31 | 1.28 | 1.66 | 1.29 | 1.55 | 0.75 | — | — |
| P/FCF | 16.66 | 15.69 | 17.96 | 15.41 | 15.11 | 20.23 | 20.52 | 21.10 | 13.69 | — | — |
| P/OCF | 16.66 | 15.69 | 17.96 | 15.41 | 15.11 | 20.23 | 20.52 | 21.10 | 13.19 | — | — |
P/E links to full P/E history page with 30-year chart
EPRT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Essential Properties Realty Trust, Inc.'s enterprise value stands at 17.1x EBITDA, 6% below its 5-year average of 18.2x. This is roughly in line with the Real Estate sector median of 17.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 15.02 | 16.97 | 15.50 | 15.95 | 19.62 | 17.53 | 18.56 | 11.86 | — | — |
| EV / EBITDA | 17.07 | 16.36 | 19.05 | 16.17 | 17.31 | 22.24 | 21.75 | 21.02 | 16.93 | — | — |
| EV / EBIT | 24.31 | 23.11 | 26.97 | 22.32 | 27.71 | 34.43 | 39.73 | 34.33 | 22.38 | — | — |
| EV / FCF | — | 22.15 | 24.73 | 21.90 | 21.66 | 26.99 | 28.93 | 29.21 | 25.81 | — | — |
EPRT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Essential Properties Realty Trust, Inc. earns an operating margin of 64.5%, significantly above the Real Estate sector average of 24.8%. Operating margins have compressed from 67.5% to 64.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 6.5% is modest. ROIC of 4.4% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 84.0% | 84.0% | 98.9% | 98.7% | 98.8% | 97.5% | 97.6% | 97.8% | 97.9% | 97.2% | 61.6% |
| Operating Margin | 64.5% | 64.5% | 61.9% | 67.5% | 61.2% | 58.4% | 44.4% | 57.3% | 20.6% | 45.0% | 33.2% |
| Net Profit Margin | 45.0% | 45.0% | 45.2% | 53.0% | 46.8% | 41.6% | 25.8% | 30.0% | 16.2% | 11.6% | 24.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.5% | 6.5% | 6.2% | 7.0% | 5.9% | 5.3% | 3.0% | 4.2% | 1.8% | 0.9% | 0.8% |
| ROA | 4.0% | 4.0% | 3.8% | 4.3% | 3.7% | 3.3% | 1.9% | 2.5% | 1.3% | 0.9% | 0.8% |
| ROIC | 4.4% | 4.4% | 4.1% | 4.3% | 3.7% | 3.6% | 2.5% | 3.7% | 1.0% | 1.5% | — |
| ROCE | 5.8% | 5.8% | 5.3% | 5.6% | 4.9% | 4.7% | 3.3% | 4.8% | 1.7% | 3.5% | 1.1% |
EPRT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Essential Properties Realty Trust, Inc. carries a Debt/EBITDA ratio of 4.9x, which is highly leveraged (38% below the sector average of 7.9x). Net debt stands at $2.5B ($2.5B total debt minus $60M cash). Interest coverage of 3.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.60 | 0.60 | 0.60 | 0.57 | 0.58 | 0.58 | 0.55 | 0.60 | 0.67 | 0.81 | 0.60 |
| Debt / EBITDA | 4.89 | 4.89 | 5.32 | 4.91 | 5.47 | 5.86 | 6.53 | 5.91 | 8.01 | 13.51 | 25.76 |
| Net Debt / Equity | — | 0.59 | 0.58 | 0.55 | 0.55 | 0.55 | 0.53 | 0.60 | 0.66 | 0.80 | 0.60 |
| Net Debt / EBITDA | 4.77 | 4.77 | 5.21 | 4.79 | 5.23 | 5.57 | 6.32 | 5.84 | 7.95 | 13.38 | 25.59 |
| Debt / FCF | — | 6.46 | 6.77 | 6.49 | 6.55 | 6.76 | 8.42 | 8.11 | 12.12 | 32.75 | 25.77 |
| Interest Coverage | 3.17 | 3.17 | 3.60 | 4.75 | 4.09 | 3.90 | 2.44 | 2.79 | 1.69 | 1.29 | — |
EPRT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Essential Properties Realty Trust, Inc.'s current ratio of 6.13x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 2.31x to 6.13x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.13 | 6.13 | 6.40 | 2.31 | 6.09 | 5.38 | 3.10 | 4.25 | 3.07 | 4.69 | 5.66 |
| Quick Ratio | 6.13 | 6.13 | 6.29 | 2.20 | 6.02 | 5.14 | 3.10 | 4.22 | 2.11 | 4.08 | 5.66 |
| Cash Ratio | 0.57 | 0.57 | 0.45 | 0.56 | 0.91 | 0.92 | 0.79 | 0.23 | 0.23 | 1.06 | 0.75 |
| Asset Turnover | — | 0.08 | 0.08 | 0.08 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 | 0.03 |
| Inventory Turnover | — | — | 0.50 | 0.63 | 0.72 | 0.37 | — | 2.54 | 0.11 | 0.37 | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
EPRT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Essential Properties Realty Trust, Inc. returns 4.0% to shareholders annually primarily through dividends. The payout ratio of 92.5% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 4.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.0% | 3.9% | 3.6% | 4.3% | 4.4% | 3.3% | 4.2% | 3.4% | 2.3% | — | — |
| Payout Ratio | 92.5% | 92.5% | 98.4% | 88.2% | 105.6% | 117.4% | 204.6% | 152.7% | 90.1% | 1607.7% | 268.0% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.4% | 4.3% | 3.7% | 4.9% | 4.2% | 2.8% | 2.1% | 2.5% | 2.6% | — | — |
| FCF Yield | 6.0% | 6.4% | 5.6% | 6.5% | 6.6% | 4.9% | 4.9% | 4.7% | 7.3% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 4.0% | 3.9% | 3.6% | 4.3% | 4.4% | 3.3% | 4.2% | 3.4% | 2.3% | — | — |
| Shares Outstanding | — | $202M | $177M | $154M | $136M | $117M | $96M | $75M | $44M | $41M | $41M |
Peer Comparison
Compare EPRT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 EPRTYou | $6B | 22.9 | 17.1 | 16.7 | 84.0% | 64.5% | 6.5% | 4.4% | 4.9 |
 NNN | $9B | 21.7 | 16.0 | 12.8 | 38.0% | 61.5% | 8.9% | 4.8% | 5.8 |
 ADC | $9B | 41.4 | 19.7 | 17.5 | 87.7% | 47.4% | 3.5% | 2.8% | 5.4 |
 NTST | $2B | 234.1 | 21.3 | 17.4 | 90.0% | 30.4% | 0.5% | 1.7% | 7.9 |
 PINE | $274M | -87.0 | 14.5 | — | -10.9% | 30.5% | -0.9% | 2.2% | 8.6 |
 O | $56B | 51.5 | 21.6 | 14.1 | 89.8% | 28.3% | 2.7% | 1.8% | 8.0 |
 WPC | $16B | 33.8 | 18.8 | 14.3 | 28.6% | 44.4% | 5.6% | 3.5% | 6.8 |
 FCPT | $3B | 22.5 | 17.3 | 14.0 | 95.4% | 55.7% | 7.3% | 4.5% | 5.4 |
 GTY | $2B | 24.2 | 16.4 | 15.6 | 40.2% | 54.9% | 7.8% | 4.6% | 5.7 |
 BX | $97B | 31.9 | 14.9 | 55.6 | 86.0% | 51.9% | 14.6% | 16.1% | 1.8 |
 ARCC | $13B | 9.7 | 12.8 | 11.3 | 75.7% | 69.7% | 9.4% | 5.7% | 7.3 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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EPRT — Frequently Asked Questions
Quick answers to the most common questions about buying EPRT stock.
What is Essential Properties Realty Trust, Inc.'s P/E ratio?
Essential Properties Realty Trust, Inc.'s current P/E ratio is 22.9x. The historical average is 32.0x. This places it at the 13th percentile of its historical range.
What is Essential Properties Realty Trust, Inc.'s EV/EBITDA?
Essential Properties Realty Trust, Inc.'s current EV/EBITDA is 17.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.9x.
What is Essential Properties Realty Trust, Inc.'s ROE?
Essential Properties Realty Trust, Inc.'s return on equity (ROE) is 6.5%. The historical average is 4.2%.
Is EPRT stock overvalued?
Based on historical data, Essential Properties Realty Trust, Inc. is trading at a P/E of 22.9x. This is at the 13th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Essential Properties Realty Trust, Inc.'s dividend yield?
Essential Properties Realty Trust, Inc.'s current dividend yield is 3.95% with a payout ratio of 92.5%.
What are Essential Properties Realty Trust, Inc.'s profit margins?
Essential Properties Realty Trust, Inc. has 84.0% gross margin and 64.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Essential Properties Realty Trust, Inc. have?
Essential Properties Realty Trust, Inc.'s Debt/EBITDA ratio is 4.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.