P/E ratio for Essex Property Trust (ESS)
P/E ratio as of April 2024 (TTM): 30.3
According to Essex Property Trust 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.308. At the end of 2022 the company had a P/E ratio of 33.7.
P/E ratio history for Essex Property Trust from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 33.7 | -28.05% |
| 2021 | 46.9 | 71.08% |
| 2020 | 27.4 | -39.22% |
| 2019 | 45.1 | 8.71% |
| 2018 | 41.5 | 13.28% |
| 2017 | 36.6 | -1.23% |
| 2016 | 37.1 | -45.94% |
| 2015 | 68.6 | -30.94% |
| 2014 | 99.3 | 179.62% |
| 2013 | 35.5 | -17.16% |
| 2012 | 42.9 | -62.16% |
| 2011 | 113 | 12.1% |
| 2010 | 101 | 267.34% |
| 2009 | 27.5 | -22.92% |
| 2008 | 35.7 | 60.75% |
| 2007 | 22.2 | -57.05% |
| 2006 | 51.7 | 89.53% |
| 2005 | 27.3 | 10.35% |
| 2004 | 24.7 | -39.18% |
| 2003 | 40.6 | 109.42% |
| 2002 | 19.4 | 2.52% |
| 2001 | 18.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Federal Realty Investment Trust
FRT | 21.9 | -27.73% | 🇺🇸 USA |
 CyrusOne
CONE | 452 | 1,390.70% | 🇺🇸 USA |
 Mack-Cali CLI | N/A | N/A | 🇺🇸 USA |
 Camden Property Trust
CPT | 47.7 | 57.40% | 🇺🇸 USA |
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.