Essex Property TrustESS +1.07%78 EV-to-FCF is 27.52 as of Jul. 03, 2026, which is 5% below its 10-year median of 28.95. GuruFocus rates ESS with a GF Score™ of 78/100 and a GF Value™ of $278.80 (Fairly Valued). The stock has 12 warning signs investors should review. Among 738 REITs companies, Essex Property Trust ranks worse than 59.62% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Essex Property Trust's Enterprise Value is $26,085 Mil.
Essex Property Trust's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $948 Mil. Therefore, Essex Property Trust's EV-to-FCF for today is 27.52.
The historical rank and industry rank for Essex Property Trust's EV-to-FCF or its related term are showing as below:
ESS'
s EV-to-FCF Range Over the Past 10 Years
Min: 22.94 Med: 28.95 Max: 41.41
Current: 27.52
During the past 13 years, the highest EV-to-FCF of Essex Property Trust was 41.41. The lowest was 22.94. And the median was 28.95.
ESS's EV-to-FCF is ranked worse than 59.62% of 738
companies
in the REITs industry
Industry Median: 23.01
vs ESS: 27.52
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Essex Property Trust's PE Ratio (TTM) for today is calculated as:
Essex Property Trust's share price for today is $298.33.
Essex Property Trust's Earnings per Share (Diluted) 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 $8.900.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Essex Property Trust EV-to-FCF Related Terms
Essex Property Trust EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Essex Property Trust's EV-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.
For the REIT - Residential subindustry, Essex Property Trust's EV-to-FCF, along with its competitors' market caps and EV-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 EV-to-FCF vs REITs Industry
For the REITs industry and Real Estate sector, Essex Property Trust's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Essex Property Trust's EV-to-FCF falls into.
Essex Property Trust's current Enterprise Value is $26,085 Mil.
Essex Property Trust's Free Cash Flow 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 $948 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 (ESS) has a EV-to-FCF of 27.52 as of Jul. 03, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Essex Property Trust and its competitors. This is near median its historical median of 28.95. Over the past decade, Essex Property Trust's EV-to-FCF has ranged from 22.94 to 41.41. According to the industry distribution chart, Essex Property Trust ranks #440 out of 738 companies in the REITs industry, placing it in the top 59.6%.
Is Essex Property Trust's EV-to-FCF too high?
Essex Property Trust's current EV-to-FCF of 27.52 is near median its 10-year median of 28.95. Over the past 10 years, this metric has ranged from a low of 22.94 to a high of 41.41. The REITs industry median EV-to-FCF is 23.01. Essex Property Trust's value of 27.52 is 19.6% above this industry median. Based on the distribution chart, Essex Property Trust ranks #440 out of 738 companies in the REITs industry, which is below the industry midpoint. Overall, Essex Property Trust has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Essex Property Trust's EV-to-FCF compare to INVH and MAA?
According to the REITs industry distribution chart, Essex Property Trust ranks #440 out of 738 companies for EV-to-FCF. This places Essex Property Trust in the lower half of its industry. The industry median EV-to-FCF is 23.01. Essex Property Trust's value of 27.52 is 19.6% above this benchmark. Historically, Essex Property Trust's own EV-to-FCF has ranged from 22.94 to 41.41 over the past decade. While the company's 10-year median is 28.95 vs. the industry median of 23.01, 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 EV-to-FCF for a REITs company?
The median EV-to-FCF among REITs companies is 23.01, based on 738 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Essex Property Trust's current EV-to-FCF of 27.52 is 19.6% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Essex Property Trust and its competitors. For the REITs industry, the median EV-to-FCF is 23.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Essex Property Trust's current EV-to-FCF is 27.52, which is near median its own 10-year median of 28.95. 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?
Based on GuruFocus' analysis, Essex Property Trust (ESS) is currently considered Fairly Valued. The stock's GF Value™ is $278.80, compared to a current price of $298.33 — trading 7% above its estimated fair value. The current EV-to-FCF is 27.52, which is near median its 10-year median of 28.95 and 19.6% above the REITs industry median of 23.01. 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 EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Essex Property Trust (ESS), the current EV-to-FCF is 27.52 as of Jul. 03, 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 (ESS) Overvalued in 2026?
Based on GuruFocus' analysis, Essex Property Trust stock appears to be overvalued.
The current stock price of $298.33 is trading 7% above its estimated GF Value™ of $278.80.
GuruFocus considers Essex Property Trust to be Fairly Valued.
Key valuation signals for ESS:
EV-to-FCF: 27.52 (near median its 10-year median of 28.95)
GF Value™: $278.80 vs. price of $298.33 (7% above fair value)
Industry Position: 19.6% above the REITs median (#440 of 738)
No single metric tells the full story. See the 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.
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