Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Essex Property TrustMEX:ESS 79 Cyclically Adjusted Price-to-FCF is 19.74 as of Sep. 15, 2026, which is 22% below its 10-year median of 25.46. GuruFocus rates MEX:ESS with a GF Score™ of 79/100 and a GF Value™ of MXN4,272.08. The stock has 8 warning signs investors should review. Among 438 REITs companies, Essex Property Trust ranks worse than 67.81% on this metric.
The historical rank and industry rank for Essex Property Trust's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
MEX:ESS'
s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.18 Med: 25.46 Max: 184.74
Current: 18.48
During the past years, Essex Property Trust's highest Cyclically Adjusted Price-to-FCF was 184.74. The lowest was 16.18. And the median was 25.46.
MEX:ESS's Cyclically Adjusted Price-to-FCF is ranked worse than 67.81% of 438
companies
in the REITs industry
Industry Median: 12.22
vs MEX:ESS: 18.48
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.
Essex Property Trust's adjusted free cash flow per share data for the three months ended in Jun. 2026 was MXN60.406. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is MXN206.72 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.
Essex Property Trust Cyclically Adjusted Price-to-FCF Related Terms
Essex Property Trust Cyclically Adjusted Price-to-FCF Historical Data
* Premium members only.
The historical data trend for Essex Property Trust's Cyclically Adjusted Price-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:ESS vs INVH, MAA, SUI: Cyclically Adjusted Price-to-FCF Comparison
For the REIT - Residential subindustry, Essex Property Trust's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Essex Property Trust Cyclically Adjusted Price-to-FCF vs REITs Industry
For the REITs industry and Real Estate sector, Essex Property Trust's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Essex Property Trust's Cyclically Adjusted Price-to-FCF falls into.
Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.
Essex Property Trust's Cyclically Adjusted Price-to-FCF for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted Price-to-FCF of 19.74 mean?
Essex Property Trust (MEX:ESS) has a Cyclically Adjusted Price-to-FCF of 19.74 as of Sep. 15, 2026. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on Essex Property Trust and its competitors. This is 22% below median its historical median of 25.46. Over the past decade, Essex Property Trust's Cyclically Adjusted Price-to-FCF has ranged from 16.18 to 184.74. According to the industry distribution chart, Essex Property Trust ranks #297 out of 438 companies in the REITs industry, placing it in the top 67.8%.
Is Essex Property Trust's Cyclically Adjusted Price-to-FCF too high?
Essex Property Trust's current Cyclically Adjusted Price-to-FCF of 19.74 is 22% below median its 10-year median of 25.46. Over the past 10 years, this metric has ranged from a low of 16.18 to a high of 184.74. The REITs industry median Cyclically Adjusted Price-to-FCF is 12.22. Essex Property Trust's value of 19.74 is 61.5% above this industry median. Based on the distribution chart, Essex Property Trust ranks #297 out of 438 companies in the REITs industry, which is below the industry midpoint. Overall, Essex Property Trust has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Essex Property Trust's Cyclically Adjusted Price-to-FCF compare to INVH and MAA?
According to the REITs industry distribution chart, Essex Property Trust ranks #297 out of 438 companies for Cyclically Adjusted Price-to-FCF. This places Essex Property Trust in the lower half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 12.22. Essex Property Trust's value of 19.74 is 61.5% above this benchmark. Historically, Essex Property Trust's own Cyclically Adjusted Price-to-FCF has ranged from 16.18 to 184.74 over the past decade. While the company's 10-year median is 25.46 vs. the industry median of 12.22, Essex Property Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Price-to-FCF for a REITs company?
The median Cyclically Adjusted Price-to-FCF among REITs companies is 12.22, based on 438 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted Price-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted Price-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Essex Property Trust's current Cyclically Adjusted Price-to-FCF of 19.74 is 61.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Price-to-FCF mean?
A high Cyclically Adjusted Price-to-FCF can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on Essex Property Trust and its competitors. For the REITs industry, the median Cyclically Adjusted Price-to-FCF is 12.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Essex Property Trust's current Cyclically Adjusted Price-to-FCF is 19.74, which is 22% below median its own 10-year median of 25.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Essex Property Trust stock overvalued right now?
Essex Property Trust (MEX:ESS) has a current Cyclically Adjusted Price-to-FCF of 19.74. The stock's GF Value™ is MXN4,272.08, compared to a current price of MXN4,081.12 — trading 4.5% below its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 19.74, which is 22% below median its 10-year median of 25.46 and 61.5% above the REITs industry median of 12.22. Essex Property Trust's overall GF Score™ is 79/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Price-to-FCF calculated?
Cyclically Adjusted Price-to-FCF is calculated from a company's financial statements. For Essex Property Trust (MEX:ESS), the current Cyclically Adjusted Price-to-FCF is 19.74 as of Sep. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Essex Property Trust (MEX:ESS) Overvalued in 2026?
Based on GuruFocus' analysis, Essex Property Trust stock appears to be undervalued.
The current stock price of MXN4,081.12 is trading 4.5% below its estimated GF Value™ of MXN4,272.08.
Key valuation signals for MEX:ESS:
Cyclically Adjusted Price-to-FCF: 19.74 (22% below median its 10-year median of 25.46)
GF Value™: MXN4,272.08 vs. price of MXN4,081.12 (4.5% below fair value)
Industry Position: 61.5% above the REITs median (#297 of 438)
No single metric tells the full story. See the MEX:ESS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Essex Property Trust owns a portfolio of 259 apartment communities with over 63,000 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
79GF Score
Get the complete analysis for MEX:ESS
Cyclically Adjusted Price-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:ESS has been successfully added to your 
