Essex Property Trust, Inc. ESS
- Market cap
- $18.1B
- P/E
- 42.2×
Follow ESS
Essex Property Trust, Inc. (ESS) EV/EBITDA
As of 25 September 2026, Essex Property Trust, Inc. (ESS) trades at a EV/EBITDA of 19.3×. Over the past ten years it has ranged from 13.6× (October 2025) to 34.5× (March 2015); the current reading is higher than 23% of that period. That is above the Reit Residential industry median of 15.7× and above the Real Estate sector median of 15.2×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 15.6× | (19.17%) |
| FY2024 | 19.3× | 0.38% |
| FY2023 | 19.2× | 11.30% |
| FY2022 | 17.2× | (37.34%) |
| FY2021 | 27.5× | 27.27% |
| FY2020 | 21.6× | (20.28%) |
| FY2019 | 27.1× | 21.66% |
| FY2018 | 22.3× | (7.03%) |
| FY2017 | 24.0× | (2.15%) |
| FY2016 | 24.5× | (11.04%) |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 20.3× | 28.66% |
| Mar 2026 | 15.8× | 1.30% |
| Dec 2025 | 15.6× | 8.48% |
| Sep 2025 | 14.3× | (9.48%) |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| UDR United Dominion Realty Trust, Inc. compare | 11.7× |
| INVH Invitation Home compare | 13.2× |
| VMRK Vivmark Residential compare | 13.5× |
| MAA Mid-America Apartment Communities, Inc. compare | 15.6× |
| ELS Equity Lifestyle Properties, Inc. compare | 15.8× |
| AMH American Homes 4 Rent compare | 16.1× |
| CPT Camden Property Trust compare | 16.6× |
| ESS Essex Property Trust, Inc. | 19.3× |
| SUI Sun Communities, Inc. compare | 36.6× |
| Reit Residential industry median | 15.7× |
| Real Estate sector median | 15.2× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on ESS
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement