Essex Property TrustMEX:ESS 78 Earnings Yield (Joel Greenblatt) % is 3.84% as of Mar. 2026, which is 3% above its 10-year median of 3.74. GuruFocus rates MEX:ESS with a GF Score™ of 78/100 and a GF Value™ of MXN3,818.31. The stock has 12 warning signs investors should review. Among 975 REITs companies, Essex Property Trust ranks worse than 52.1% on this metric.
Essex Property Trust's Enterprise Value for the quarter that ended in Mar. 2026 was MXN387,136 Mil.
Essex Property Trust's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was MXN15,876 Mil. Essex Property Trust's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 3.84%.
The historical rank and industry rank for Essex Property Trust's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MEX:ESS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.48 Med: 3.74 Max: 6
Current: 3.31
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Essex Property Trust was 6.00%. The lowest was 2.48%. And the median was 3.74%.
MEX:ESS's Earnings Yield (Joel Greenblatt) % is ranked worse than 52.1% of 975
companies
in the REITs industry
Industry Median: 3.48
vs MEX:ESS: 3.31
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Essex Property Trust's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 8.30%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Essex Property Trust Earnings Yield (Joel Greenblatt) % Related Terms
Essex Property Trust Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Essex Property Trust's Earnings Yield (Joel Greenblatt) % 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.
For the REIT - Residential subindustry, Essex Property Trust's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Essex Property Trust's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Essex Property Trust's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Essex Property Trusts Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Essex Property Trust's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN15,876 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 3.84% mean?
Essex Property Trust (MEX:ESS) has a Earnings Yield (Joel Greenblatt) % of 3.84% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Essex Property Trust and its competitors. This is near median its historical median of 3.74. Over the past decade, Essex Property Trust's Earnings Yield (Joel Greenblatt) % has ranged from 2.48 to 6.00. According to the industry distribution chart, Essex Property Trust ranks #508 out of 975 companies in the REITs industry, placing it in the top 52.1%.
Is Essex Property Trust's Earnings Yield (Joel Greenblatt) % too high?
Essex Property Trust's current Earnings Yield (Joel Greenblatt) % of 3.84% is near median its 10-year median of 3.74. Over the past 10 years, this metric has ranged from a low of 2.48 to a high of 6.00. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.48. Essex Property Trust's value of 3.84% is 10.3% above this industry median. Based on the distribution chart, Essex Property Trust ranks #508 out of 975 companies in the REITs industry, which is below the industry midpoint. Overall, Essex Property Trust has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Essex Property Trust's Earnings Yield (Joel Greenblatt) % compare to INVH and MAA?
According to the REITs industry distribution chart, Essex Property Trust ranks #508 out of 975 companies for Earnings Yield (Joel Greenblatt) %. This places Essex Property Trust in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.48. Essex Property Trust's value of 3.84% is 10.3% above this benchmark. Historically, Essex Property Trust's own Earnings Yield (Joel Greenblatt) % has ranged from 2.48 to 6.00 over the past decade. While the company's 10-year median is 3.74 vs. the industry median of 3.48, 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 Earnings Yield (Joel Greenblatt) % for a REITs company?
The median Earnings Yield (Joel Greenblatt) % among REITs companies is 3.48, based on 975 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Essex Property Trust's current Earnings Yield (Joel Greenblatt) % of 3.84% is 10.3% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Essex Property Trust and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Essex Property Trust's current Earnings Yield (Joel Greenblatt) % is 3.84%, which is near median its own 10-year median of 3.74. 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 Earnings Yield (Joel Greenblatt) % of 3.84%. The stock's GF Value™ is MXN3,818.31, compared to a current price of MXN4,081.12 — trading 6.9% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 3.84%, which is near median its 10-year median of 3.74 and 10.3% above the REITs industry median of 3.48. Essex Property Trust's overall GF Score™ is 78/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Essex Property Trust (MEX:ESS), the current Earnings Yield (Joel Greenblatt) % is 3.84% as of Mar. 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 overvalued.
The current stock price of MXN4,081.12 is trading 6.9% above its estimated GF Value™ of MXN3,818.31.
Key valuation signals for MEX:ESS:
Earnings Yield (Joel Greenblatt) %: 3.84% (near median its 10-year median of 3.74)
GF Value™: MXN3,818.31 vs. price of MXN4,081.12 (6.9% above fair value)
Industry Position: 10.3% above the REITs median (#508 of 975)
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.
78GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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