P/E ratio for Empire State Realty Trust (ESRT)
P/E ratio as of April 2024 (TTM): 28.2
According to Empire State Realty Trust 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.1515. At the end of 2022 the company had a P/E ratio of 30.6.
P/E ratio history for Empire State Realty Trust from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 30.6 | -124.1% |
| 2021 | -127 | 38.09% |
| 2020 | -92.1 | -278.08% |
| 2019 | 51.7 | 41.7% |
| 2018 | 36.5 | -30.69% |
| 2017 | 52.6 | -0.92% |
| 2016 | 53.1 | -11.79% |
| 2015 | 60.2 | -4.07% |
| 2014 | 62.8 | 224.19% |
| 2013 | 19.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Phillips-Van Heusen
PVH | 37.5 | 33.32% | 🇺🇸 USA |
 American Campus Communities
ACC | N/A | N/A | 🇺🇸 USA |
 Mack-Cali CLI | N/A | N/A | 🇺🇸 USA |
 Thomson Reuters
TRI | 30.9 | 9.75% | 🇨🇦 Canada |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.