Last 48 quarters of trend data · Real Estate · Residential REITs
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 50.00 | 44.31 | 75.15 | 36.67 | 52.34 | 26.14 | 20.60 | 24.25 | 17.80 | 40.14 | 46.93 | 14.40 | 60.77 | 38.99 | 37.79 | 21.97 | 18.52 | 42.35 | 75.15 | 77.12 | 41.93 |
| — | +69.5% | +264.9% | +51.2% | +194.1% | -34.9% | -56.1% | +68.4% | -70.7% | +3.0% | +24.2% | -34.4% | +228.1% | -7.9% | -49.7% | -71.5% | -55.8% | -3.6% | +0.2% | +193.9% | +3.9% | |
| P/S Ratio | 8.99 | 8.79 | 9.61 | 8.05 | 8.79 | 9.11 | 9.71 | 10.32 | 10.09 | 10.27 | 9.88 | 8.95 | 9.43 | 8.12 | 9.04 | 8.17 | 8.26 | 9.62 | 10.67 | 14.78 | 15.48 |
| — | -3.5% | -1.0% | -22.0% | -12.9% | -11.3% | -1.7% | +15.3% | +6.9% | +26.5% | +9.3% | +9.5% | +14.2% | -15.6% | -15.3% | -44.7% | -46.6% | -33.0% | -23.3% | +18.6% | +45.0% | |
| P/B Ratio | 3.06 | 3.17 | 3.43 | 2.77 | 2.94 | 2.96 | 3.13 | 3.41 | 3.19 | 3.35 | 3.07 | 2.73 | 2.83 | 2.37 | 2.60 | 2.31 | 2.32 | 2.67 | 2.83 | 3.65 | 3.70 |
| — | +7.3% | +9.6% | -18.7% | -7.8% | -11.8% | +1.7% | +24.9% | +12.7% | +41.3% | +18.4% | +18.0% | +22.1% | -11.0% | -8.2% | -36.7% | -37.5% | -21.1% | -10.6% | +29.0% | +48.9% | |
| P/FCF | 17.82 | 17.64 | 17.16 | 14.59 | 21.66 | 14.08 | 25.40 | 19.44 | 25.55 | 16.97 | 23.71 | 13.62 | 25.24 | 13.62 | 21.30 | 13.17 | 30.94 | 15.47 | 27.23 | 19.44 | 34.81 |
| — | +25.3% | -32.4% | -25.0% | -15.2% | -17.1% | +7.1% | +42.7% | +1.2% | +24.6% | +11.3% | +3.4% | -18.4% | -11.9% | -21.8% | -32.3% | -11.1% | -28.8% | +11.8% | -21.5% | +11.5% | |
| EV / EBITDA | 20.60 | 19.30 | 24.33 | 18.07 | 19.82 | 19.70 | 14.49 | 16.20 | 13.76 | 23.01 | 20.99 | 20.06 | 20.30 | 18.11 | 19.32 | 14.97 | 13.54 | 20.78 | 21.96 | 29.37 | 31.40 |
| — | -2.0% | +67.8% | +11.5% | +44.0% | -14.4% | -30.9% | -19.3% | -32.2% | +27.1% | +8.6% | +34.0% | +49.9% | -12.9% | -12.0% | -49.0% | -56.9% | -17.1% | -24.0% | +61.1% | +40.0% | |
| EV / EBIT | 29.15 | 35.83 | 47.62 | 31.79 | 40.69 | 25.30 | 21.06 | 41.54 | 51.94 | 45.10 | 37.58 | 37.72 | 27.19 | 21.74 | 33.13 | 16.92 | 16.27 | 23.80 | 30.06 | 35.31 | 26.96 |
| — | +41.6% | +126.1% | -23.5% | -21.7% | -43.9% | -44.0% | +10.1% | +91.0% | +107.5% | +13.4% | +123.0% | +67.1% | -8.7% | +10.2% | -52.1% | -39.7% | -12.5% | -13.1% | +74.8% | +10.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.8% | 66.9% | 68.4% | 70.9% | 68.6% | 69.7% | 68.6% | 68.4% | 14.4% | 68.3% | 69.0% | 68.7% | 86.1% | 86.1% | 68.6% | 85.9% | 86.4% | 86.1% | 86.5% | 85.0% | 85.5% |
| — | -4.0% | -0.3% | +3.6% | +374.6% | +2.0% | -0.5% | -0.4% | -83.2% | -20.6% | +0.5% | -20.1% | -0.3% | -0.1% | -20.7% | +1.2% | +1.1% | +1.5% | +2.0% | +0.3% | +0.2% | |
| Operating Margin | 43.9% | 31.8% | 22.0% | 32.0% | 30.3% | 32.1% | 59.5% | 53.8% | 67.0% | 27.9% | 31.1% | 30.1% | 30.9% | 31.4% | 32.4% | 45.4% | 54.9% | 31.4% | 32.2% | 28.8% | 27.3% |
| — | -0.7% | -63.0% | -40.5% | -54.7% | +15.1% | +91.6% | +78.6% | +116.8% | -11.4% | -4.1% | -33.7% | -43.8% | +0.2% | +0.8% | +58.0% | +101.6% | -17.5% | +20.9% | -48.2% | -11.9% | |
| Net Margin | 35.4% | 19.9% | 12.8% | 21.9% | 17.4% | 34.8% | 47.1% | 42.5% | 56.6% | 25.6% | 21.0% | 62.1% | 15.5% | 20.8% | 23.9% | 37.2% | 44.6% | 22.7% | 14.3% | 19.2% | 36.8% |
| — | -42.8% | -72.9% | -48.5% | -69.3% | +35.8% | +124.3% | -31.5% | +265.4% | +23.0% | -12.3% | +66.8% | -65.2% | -8.1% | +67.9% | +94.1% | +21.1% | -30.6% | -22.8% | -59.6% | +39.3% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.7% | 1.8% | 1.1% | 1.9% | 1.4% | 2.8% | 3.8% | 3.5% | 4.5% | 2.1% | 1.6% | 4.8% | 1.2% | 1.5% | 1.7% | 2.6% | 3.1% | 1.6% | 0.9% | 1.2% | 2.2% |
| — | -36.5% | -70.5% | -47.0% | -68.0% | +35.2% | +134.7% | -26.5% | +291.9% | +37.8% | -5.3% | +83.4% | -63.2% | -2.6% | +83.6% | +121.0% | +41.5% | -19.0% | -10.6% | -56.3% | +44.5% | |
| ROA | 5.2% | 0.8% | 0.5% | 0.8% | 0.6% | 1.3% | 1.7% | 1.6% | 2.0% | 0.9% | 0.7% | 2.2% | 0.5% | 0.7% | 0.8% | 1.2% | 1.5% | 0.7% | 0.5% | 0.6% | 1.1% |
| — | -39.0% | -71.4% | -48.0% | -68.5% | +32.8% | +129.4% | -28.0% | +282.7% | +33.5% | -9.9% | +73.5% | -64.5% | -4.3% | +80.3% | +119.1% | +39.6% | -20.5% | -11.3% | -56.6% | +46.0% | |
| ROIC | 5.0% | 1.0% | 0.7% | 0.9% | 0.9% | 0.9% | 1.7% | 1.6% | 1.9% | 0.8% | 0.9% | 0.8% | 0.8% | 0.8% | 0.9% | 1.2% | 1.4% | 0.8% | 0.8% | 0.7% | 0.6% |
| — | +7.1% | -60.7% | -39.9% | -53.5% | +12.7% | +93.2% | +82.6% | +121.8% | -4.8% | +0.4% | -28.5% | -40.7% | +6.1% | +8.4% | +78.3% | +132.6% | -5.2% | +39.8% | -44.2% | -9.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.20 | 1.22 | 1.23 | 1.22 | 1.20 | 1.15 | 1.17 | 1.18 | 1.16 | 1.13 | 1.11 | 1.15 | 1.11 | 1.09 | 1.04 | 1.03 | 1.02 | 1.05 | 1.01 | 0.99 | 1.02 |
| — | +5.6% | +5.4% | +2.9% | +4.0% | +1.6% | +4.7% | +3.0% | +3.8% | +3.7% | +7.4% | +12.1% | +9.5% | +3.6% | +3.0% | +3.6% | -0.6% | +5.6% | +0.2% | +0.2% | +0.6% | |
| Debt / EBITDA | 4.79 | 21.46 | 25.78 | 22.11 | 23.10 | 22.14 | 15.80 | 16.76 | 14.69 | 23.32 | 22.39 | 24.32 | 23.37 | 23.30 | 22.13 | 18.46 | 16.56 | 23.61 | 23.10 | 25.12 | 27.24 |
| — | -3.1% | +63.1% | +31.9% | +57.3% | -5.1% | -29.4% | -31.1% | -37.1% | +0.1% | +1.2% | +31.8% | +41.1% | -1.3% | -4.2% | -26.5% | -39.2% | +2.9% | -17.3% | +32.7% | +4.2% | |
| Current Ratio | 2.30 | 3.97 | 0.36 | 0.45 | 2.30 | 0.54 | 0.44 | 1.01 | 0.66 | 0.97 | 0.77 | 1.96 | 1.88 | 1.66 | 0.84 | 0.79 | 0.66 | 0.64 | 0.91 | 0.96 | 0.85 |
| — | +632.5% | -19.7% | -54.8% | +246.1% | -44.0% | -42.3% | -48.6% | -64.6% | -41.9% | -7.6% | +146.4% | +183.4% | +161.5% | -8.1% | -16.9% | -22.2% | -39.0% | -19.3% | -41.1% | -37.4% | |
| Quick Ratio | 2.30 | 3.97 | 0.36 | 0.45 | 2.30 | 0.54 | 0.38 | 0.74 | 0.66 | 0.80 | 0.77 | 1.96 | 1.88 | 1.66 | 0.84 | 0.79 | 0.66 | 0.64 | 0.91 | 0.96 | 0.85 |
| — | +632.5% | -6.5% | -38.9% | +246.1% | -32.3% | -50.5% | -62.0% | -64.6% | -51.9% | -7.6% | +146.4% | +183.4% | +161.5% | -8.1% | -16.9% | -22.2% | -39.0% | -19.3% | -41.1% | -29.0% | |
| Interest Coverage | 3.71 | 2.63 | 2.00 | 2.75 | 2.25 | 3.65 | 4.55 | 2.54 | 1.96 | 2.37 | 2.67 | 2.59 | 3.64 | 4.14 | 3.01 | 5.61 | 7.62 | 3.95 | 2.84 | 3.49 | 5.39 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying ESS stock.
Essex Property Trust, Inc.'s current P/E is 50.0x. The average P/E over the last 4 quarters is 52.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Essex Property Trust, Inc.'s current operating margin is 43.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Essex Property Trust, Inc.'s business trajectory between earnings reports.