Empire State Realty Trust, Inc. (ESRT) P/E Ratio History
Historical price-to-earnings valuation from 2013 to 2025
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ESRT Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, Empire State Realty Trust, Inc. (ESRT) trades at a price-to-earnings ratio of 31.5x, with a stock price of $5.67 and trailing twelve-month earnings per share of $0.18.
The current P/E is 31% below its 5-year average of 45.9x. Over the past five years, ESRT's P/E has ranged from a low of 19.1x to a high of 142.0x, placing the current valuation at the 30th percentile of its historical range.
Compared to the Real Estate sector median P/E of 24.3x, ESRT trades at a 30% premium to its sector peers. The sector includes 170 companies with P/E ratios ranging from 1.1x to 195.0x.
Relative to the broader market, ESRT commands a significant premium over the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our ESRT DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
ESRT P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $6B | 7.5Lowest | - | +10400%Best | |
| $9B | 34.4 | - | +1833% | |
| $3B | 17.8 | - | +54% | |
| $4B | 111.6 | - | -20% | |
| $5B | 19.3 | - | +7359% | |
| $2B | 125.2 | - | -25% | |
| $43B | 37.7 | 3.24 | +23% | |
| $15B | 19.8 | 1.22Best | +45% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
ESRT Historical P/E Data (2013–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $6.52 | $0.21 | 31.4x | -42% |
| FY2025 Q3 | $7.66 | $0.18 | 42.5x | -21% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $8.09 | $0.21 | 37.7x | -30% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $7.82 | $0.28 | 28.3x | -47% |
| FY2024 Q4 | $10.32 | $0.26 | 40.3x | -25% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $11.08 | $0.27 | 41.6x | -23% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $9.38 | $0.26 | 36.7x | -32% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $10.13 | $0.30 | 34.2x | -36% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $9.69 | $0.31 | 31.7x | -41% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $8.04 | $0.33 | 24.2x | -55% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $7.49 | $0.30 | 25.0x | -53% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $6.49 | $0.34 | 19.1x | -64% |
Average P/E for displayed period: 53.8x
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Start ComparisonESRT — Frequently Asked Questions
Quick answers to the most common questions about buying ESRT stock.
Is ESRT stock overvalued or undervalued?
ESRT trades at 31.5x P/E, below its 5-year average of 45.9x. At the 30th percentile of historical range, the stock is priced at a discount to its own history.
How does ESRT's valuation compare to peers?
Empire State Realty Trust, Inc. P/E of 31.5x compares to sector median of 24.3x. The premium reflects expected growth above peers.
What is ESRT's PEG ratio?
ESRT PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2013-2025.