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Essex Property TrustSTU:EXP +0.08%79 Cyclically Adjusted PS Ratio is 10.56 as of Jul. 30, 2026, which is 16% below its 10-year median of 12.50. GuruFocus rates STU:EXP with a GF Score™ of 79/100 and a GF Value™ of €243.07. The stock has 12 warning signs investors should review. Among 546 REITs companies, Essex Property Trust ranks worse than 84.25% on this metric.
The historical rank and industry rank for Essex Property Trust's Cyclically Adjusted PS Ratio or its related term are showing as below:
STU:EXP'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.17 Med: 12.5 Max: 17.36
Current: 10.49
During the past years, Essex Property Trust's highest Cyclically Adjusted PS Ratio was 17.36. The lowest was 8.17. And the median was 12.50.
STU:EXP's Cyclically Adjusted PS Ratio is ranked worse than 84.25% of 546
companies
in the REITs industry
Industry Median: 5.895
vs STU:EXP: 10.49
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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Essex Property Trust's adjusted revenue per share data for the three months ended in Mar. 2026 was €6.505. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €24.47 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Essex Property Trust (STU:EXP) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.
Essex Property Trust Cyclically Adjusted PS Ratio Related Terms
Essex Property Trust Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Essex Property Trust's Cyclically Adjusted PS Ratio 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.
Essex Property Trust Cyclically Adjusted PS Ratio Chart
STU:EXP vs INVH, MAA, SUI: Cyclically Adjusted PS Ratio Comparison
For the REIT - Residential subindustry, Essex Property Trust's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Essex Property Trust's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Essex Property Trust's Cyclically Adjusted PS Ratio falls into.
Essex Property Trust Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.
* 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 PS Ratio of 10.56 mean?
Essex Property Trust (STU:EXP) has a Cyclically Adjusted PS Ratio of 10.56 as of Jul. 30, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Essex Property Trust and its competitors. This is 16% below median its historical median of 12.50. Over the past decade, Essex Property Trust's Cyclically Adjusted PS Ratio has ranged from 8.17 to 17.36. According to the industry distribution chart, Essex Property Trust ranks #460 out of 546 companies in the REITs industry, placing it in the top 84.2%.
Is Essex Property Trust's Cyclically Adjusted PS Ratio too high?
Essex Property Trust's current Cyclically Adjusted PS Ratio of 10.56 is 16% below median its 10-year median of 12.50. Over the past 10 years, this metric has ranged from a low of 8.17 to a high of 17.36. The REITs industry median Cyclically Adjusted PS Ratio is 5.90. Essex Property Trust's value of 10.56 is 79.1% above this industry median. Based on the distribution chart, Essex Property Trust ranks #460 out of 546 companies in the REITs industry, which is in the bottom quartile relative to peers. 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 PS Ratio compare to INVH and MAA?
According to the REITs industry distribution chart, Essex Property Trust ranks #460 out of 546 companies for Cyclically Adjusted PS Ratio. This places Essex Property Trust in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.90. Essex Property Trust's value of 10.56 is 79.1% above this benchmark. Historically, Essex Property Trust's own Cyclically Adjusted PS Ratio has ranged from 8.17 to 17.36 over the past decade. While the company's 10-year median is 12.50 vs. the industry median of 5.90, 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 PS Ratio for a REITs company?
The median Cyclically Adjusted PS Ratio among REITs companies is 5.90, based on 546 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Essex Property Trust's current Cyclically Adjusted PS Ratio of 10.56 is 79.1% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue 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 PS Ratio is 5.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Essex Property Trust's current Cyclically Adjusted PS Ratio is 10.56, which is 16% below median its own 10-year median of 12.50. 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 (STU:EXP) has a current Cyclically Adjusted PS Ratio of 10.56. The stock's GF Value™ is €243.07, compared to a current price of €258.40 — trading 6.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 10.56, which is 16% below median its 10-year median of 12.50 and 79.1% above the REITs industry median of 5.90. Essex Property Trust's overall GF Score™ is 79/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Essex Property Trust (STU:EXP), the current Cyclically Adjusted PS Ratio is 10.56 as of Jul. 30, 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 (STU:EXP) Overvalued in 2026?
Based on GuruFocus' analysis, Essex Property Trust stock appears to be overvalued.
The current stock price of €258.40 is trading 6.3% above its estimated GF Value™ of €243.07.
Key valuation signals for STU:EXP:
Cyclically Adjusted PS Ratio: 10.56 (16% below median its 10-year median of 12.50)
GF Value™: €243.07 vs. price of €258.40 (6.3% above fair value)
Industry Position: 79.1% above the REITs median (#460 of 546)
No single metric tells the full story. See the STU:EXP 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
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