Essex Property Trust, Inc. (ESS)

Real Estate Investment Trusts

Latest Price

$269.39

TTM P/E

41.96

Normalized P/E

32.60

Div Yield

3.83%

Book Value

82.83

P/B Ratio

3.25

Valuation metrics

EPS: $10.40

Book value / share: $85.99

Formula: √(22.5 × EPS × BVPS)

Graham Number

$141.85

47% downside

Norm. op. income: $584M (median of 7yr)

Tax rate: 25%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$59.28

78% downside

EPS: $10.40

Target P/E: 33×

Formula: EPS × P/E

P/E Fair Value

$343.20

+27% upside

100.0% held by institutions

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