Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Essex Property Trust's Enterprise Value is $22,066 Mil.
Essex Property Trust's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $774 Mil. Therefore, Essex Property Trust's EV-to-EBIT ratio for today is 28.52.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Essex Property Trust's Enterprise Value is $22,066 Mil.
Essex Property Trust's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 was $1,326 Mil. Therefore, Essex Property Trust's EV-to-EBITDA ratio for today is 16.65.
Essex Property Trust Enterprise Value Historical Data
The historical data trend for Essex Property Trust's Enterprise Value 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.
Competitive Comparison of Essex Property Trust's Enterprise Value
For the REIT - Residential subindustry, Essex Property Trust's Enterprise Value, along with its competitors' market caps and Enterprise Value 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's Enterprise Value Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Essex Property Trust's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Essex Property Trust's Enterprise Value falls into.
Essex Property Trust Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Essex Property Trust's Enterprise Value for the fiscal year that ended in Dec. 2023 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.
Essex Property Trust (NYSE:ESS) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Essex Property Trust's current Enterprise Value is $22,066 Mil.
Essex Property Trust's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $774 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Essex Property Trust's current Enterprise Value is $22,066 Mil.
Essex Property Trust's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,326 Mil.
Essex Property Trust's current Enterprise Value is $22,066 Mil.
Essex Property Trust's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,684 Mil.
* 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 Enterprise Value Related Terms
Thank you for viewing the detailed overview of Essex Property Trust's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Essex Property Trust (Essex Property Trust) Business Description
Essex Property Trust owns a portfolio of 252 apartment communities with over 62,000 units and is developing another property with 264 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.
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