Empire State Realty OP, L.P. (FISK) P/E Ratio History
UndervaluedTrading at 31.2x vs 5Y avg 43.6x · 25th percentile · Below historical baseline · Data 2013–2026
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P/E Ratio Analysis
As of June 30, 2026, Empire State Realty OP, L.P. (FISK) trades at a price-to-earnings ratio of 31.2x, with a stock price of $5.61 and trailing twelve-month earnings per share of $0.15.
The current P/E is 29% below its 5-year average of 43.6x. Over the past five years, FISK's P/E has ranged from a low of 15.8x to a high of 138.7x, placing the current valuation at the 25th percentile of its historical range.
Compared to the Real Estate sector median P/E of 24.9x, FISK trades at a 25% premium to its sector peers. The sector includes 173 companies with P/E ratios ranging from 0.8x to 165.4x.
Relative to the broader market, FISK commands a significant premium over the S&P 500 median P/E of 25.1x. 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 FISK 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.
FISK Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
FISK P/E vs Peers
Gateway CBD Office REITs peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $912M | 29.6 | - | -36% | |
| $7B | 9.4Lowest | - | +10400%Best | |
| $11B | 38.5 | - | +1833% | |
| $3B | 20.8 | - | +54% | |
| $5B | 125.6 | - | -20% | |
| $1B | 86.8 | - | -37% | |
| $40B | 35.3 | 3.04 | +23% | |
| $15B | 19.1 | 1.17Best | +45% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
FISK Historical P/E Data (2013–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $5.20 | $0.16 | 32.0x | -39% |
| FY2025 Q4 | Dec 31 2025 | $6.54 | $0.21 | 31.5x | -40% |
| FY2025 Q3 | - | $7.33 | $0.18 | 40.7x | -23% |
| FY2025 Q2 | Jun 30 2025 | $8.30 | $0.21 | 38.7x | -26% |
| FY2025 Q1 | Mar 31 2025 | $7.60 | $0.28 | 27.5x | -48% |
| FY2024 Q4 | - | $10.05 | $0.26 | 39.2x | -25% |
| FY2024 Q3 | Sep 30 2024 | $10.99 | $0.27 | 41.3x | -21% |
| FY2024 Q2 | Jun 30 2024 | $8.49 | $0.26 | 33.2x | -37% |
| FY2024 Q1 | Mar 31 2024 | $9.75 | $0.30 | 33.0x | -37% |
| FY2023 Q4 | Dec 31 2023 | $9.77 | $0.31 | 31.9x | -39% |
| FY2023 Q3 | Sep 30 2023 | $8.00 | $0.33 | 24.1x | -54% |
| FY2023 Q2 | Jun 30 2023 | $7.50 | $0.30 | 25.1x | -52% |
| FY2023 Q1 | Mar 31 2023 | $5.35 | $0.34 | 15.8x | -70% |
| FY2022 Q4 | Dec 31 2022 | $6.68 | $0.24 | 28.2x | -46% |
| FY2022 Q3 | Sep 30 2022 | $6.40 | $0.15 | 43.4x | -17% |
| FY2022 Q2 | - | $7.25 | $0.09 | 82.3x | +57% |
| FY2020 Q3 | Sep 30 2020 | $5.98 | $0.04 | 138.7x | +164% |
| FY2020 Q2 | - | $6.66 | $0.12 | 54.3x | +3% |
| FY2020 Q1 | - | $8.65 | $0.20 | 42.8x | -18% |
| FY2019 Q4 | - | $13.82 | $0.20 | 68.4x | +30% |
| FY2019 Q3 | Sep 30 2019 | $14.19 | $0.24 | 58.7x | +12% |
| FY2019 Q2 | Jun 30 2019 | $14.44 | $0.24 | 59.3x | +13% |
| FY2019 Q1 | Mar 31 2019 | $15.73 | $0.31 | 51.5x | -2% |
| FY2018 Q4 | Dec 31 2018 | $13.95 | $0.35 | 40.4x | -23% |
| FY2018 Q3 | Sep 30 2018 | $16.36 | $0.27 | 59.6x | +14% |
| FY2018 Q2 | Jun 30 2018 | $17.07 | $0.28 | 60.4x | +15% |
| FY2018 Q1 | Mar 31 2018 | $16.66 | $0.24 | 69.7x | +33% |
| FY2017 Q4 | Dec 31 2017 | $20.40 | $0.24 | 85.3x | +63% |
| FY2017 Q3 | Sep 30 2017 | $20.21 | $0.24 | 84.8x | +62% |
| FY2017 Q2 | Jun 30 2017 | $20.46 | $0.23 | 88.2x | +68% |
| FY2017 Q1 | Mar 31 2017 | $20.40 | $0.27 | 76.8x | +46% |
| FY2016 Q4 | Dec 31 2016 | $19.98 | $0.27 | 75.2x | +43% |
| FY2016 Q3 | Sep 30 2016 | $21.10 | $0.28 | 76.0x | +45% |
| FY2016 Q2 | - | $18.79 | $0.32 | 58.7x | +12% |
| FY2016 Q1 | - | $17.46 | $0.33 | 52.9x | +1% |
| FY2015 Q4 | - | $17.96 | $0.30 | 59.9x | +14% |
| FY2015 Q3 | Sep 30 2015 | $16.67 | $0.27 | 61.7x | +18% |
| FY2015 Q2 | - | $16.87 | $0.26 | 64.9x | +24% |
| FY2015 Q1 | - | $18.55 | $0.20 | 92.7x | +77% |
| FY2014 Q4 | Dec 31 2014 | $17.39 | $0.19 | 92.5x | +76% |
| FY2014 Q3 | - | $15.07 | $0.94 | 16.1x | -69% |
| FY2014 Q2 | Jun 30 2014 | $15.65 | $0.87 | 17.9x | -66% |
| FY2014 Q1 | Mar 31 2014 | $13.95 | $0.87 | 16.1x | -69% |
| FY2013 Q4 | - | $14.70 | $0.87 | 16.9x | -68% |
Average P/E for displayed period: 52.5x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
13+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
FISK — Frequently Asked Questions
Quick answers to the most common questions about buying FISK stock.
What is FISK's P/E ratio?
Empire State Realty OP, L.P. (FISK) trailing twelve-month P/E ratio is 31.2x, based on TTM diluted EPS of $0.15. The 5-year average P/E is 43.6x and the historical range spans 15.8x to 138.7x.
Is FISK stock overvalued or undervalued?
FISK trades at 31.2x P/E, below its 5-year average of 43.6x. At the 25th percentile of its historical range (15.8x–138.7x), the stock is priced at a discount to its own history.
Is FISK stock expensive?
No, FISK is not expensive on a historical basis. The current P/E of 31.2x is below the 5-year average of 43.6x and sits at the 25th percentile of its valuation range.
What is FISK's historical P/E range?
Over the past 5 years, FISK's P/E ratio has ranged from 15.8x to 138.7x, with a median of 38.7x and an average of 43.6x. The current P/E of 31.2x places the stock at the 25th percentile of this range. Full historical data spans 2013–2026.
How does FISK's P/E compare to the S&P 500?
FISK trades at 31.2x P/E versus the S&P 500 median of 25.1x. The 24% premium to the market typically reflects higher expected earnings growth or quality.
How does FISK's valuation compare to Real Estate peers?
Empire State Realty OP, L.P. P/E of 31.2x compares to the Real Estate sector median of 24.9x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is FISK's PEG ratio?
FISK PEG ratio is N/A, based on a P/E of 31.2x and EPS growth of -35.7%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is FISK's earnings yield?
FISK earnings yield is 3.21%, the inverse of its 31.2x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.