Essex Property Trust, Inc. ESS

271.61 (0.04) (0.01%) as of 25 Sep
Market cap
$18.1B
P/E
42.2×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

Against its own ten years

Low 13.6× High 34.5×
Ten-year median 23.6×
Current reading's percentile 23

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)

The full definition of EV/EBITDA →

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