Empire State Realty TrustESRT +4.47%66 Median PS Value is $12.13 as of Jun. 27, 2026, which is 2105% above its 10-year median of 0.55. GuruFocus rates ESRT with a GF Score™ of 66/100 and a GF Value™ of $8.80 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 413 REITs companies, Empire State Realty Trust ranks better than 91.53% on this metric.
This valuation method assumes that the stock valuation will revert to its historical (10-Year) median in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
The historical rank and industry rank for Empire State Realty Trust's Median PS Value or its related term are showing as below:
ESRT'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.38 Med: 0.55 Max: 0.67
Current: 0.44
During the past 13 years, the highest Price to Median PS Value of Empire State Realty Trust was 0.67. The lowest was 0.38. And the median was 0.55.
ESRT's Price-to-Median-PS-Value is ranked better than 91.53% of 413
companies
in the REITs industry
Industry Median: 0.87
vs ESRT: 0.44
Empire State Realty Trust (NYSE:ESRT) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Empire State Realty Trust's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
5.37
/
12.13
=
0.44
* 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.
Empire State Realty Trust Median PS Value Related Terms
Empire State Realty Trust Median PS Value Historical Data
* 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.
ESRT vs SAFE, JBGS, CTO: Median PS Value Comparison
For the REIT - Diversified subindustry, Empire State Realty Trust's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-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.
Empire State Realty Trust Price-to-Median-PS-Value vs REITs Industry
For the REITs industry and Real Estate sector, Empire State Realty Trust's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Empire State Realty Trust's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 4.2162.
Empire State Realty Trust's Revenue per Share 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 $2.877.
* 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.
Empire State Realty Trust (ESRT) has a Median PS Value of $12.13 as of Jun. 27, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Empire State Realty Trust and its competitors. This is 2105% above median its historical median of 0.55. Over the past decade, Empire State Realty Trust's Median PS Value has ranged from 0.38 to 0.67. According to the industry distribution chart, Empire State Realty Trust ranks #35 out of 413 companies in the REITs industry, placing it in the top 8.5%.
Is Empire State Realty Trust's Median PS Value too high?
Empire State Realty Trust's current Median PS Value of $12.13 is 2105% above median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 0.67. The REITs industry median Median PS Value is 0.87. Empire State Realty Trust's value of $12.13 is 1294.3% above this industry median. Based on the distribution chart, Empire State Realty Trust ranks #35 out of 413 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Empire State Realty Trust has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Empire State Realty Trust's Median PS Value compare to SAFE and JBGS?
According to the REITs industry distribution chart, Empire State Realty Trust ranks #35 out of 413 companies for Median PS Value. This places Empire State Realty Trust in the top 9% of its industry — outperforming the majority of peers. The industry median Median PS Value is 0.87. Empire State Realty Trust's value of $12.13 is 1294.3% above this benchmark. Historically, Empire State Realty Trust's own Median PS Value has ranged from 0.38 to 0.67 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 0.87, Empire State Realty 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 Median PS Value for a REITs company?
The median Median PS Value among REITs companies is 0.87, based on 413 companies in the industry. Companies in the top quartile (top 25%) have a Median PS Value significantly above this median, while those in the bottom quartile fall well below. However, Median PS Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Empire State Realty Trust's current Median PS Value of $12.13 is 1294.3% 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 Median PS Value mean?
A high Median PS Value can signal that a stock is expensive relative to its fundamentals. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Empire State Realty Trust and its competitors. For the REITs industry, the median Median PS Value is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire State Realty Trust's current Median PS Value is $12.13, which is 2105% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empire State Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Empire State Realty Trust (ESRT) is currently considered Possible Value Trap. The stock's GF Value™ is $8.80, compared to a current price of $5.37 — trading 39% below its estimated fair value. The current Median PS Value is $12.13, which is 2105% above median its 10-year median of 0.55 and 1294.3% above the REITs industry median of 0.87. Empire State Realty Trust's overall GF Score™ is 66/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Median PS Value calculated?
Median PS Value is calculated from a company's financial statements. For Empire State Realty Trust (ESRT), the current Median PS Value is $12.13 as of Jun. 27, 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 Empire State Realty Trust (ESRT) Overvalued in 2026?
Based on GuruFocus' analysis, Empire State Realty Trust stock appears to be undervalued.
The current stock price of $5.37 is trading 39% below its estimated GF Value™ of $8.80.
GuruFocus considers Empire State Realty Trust to be Possible Value Trap.
Key valuation signals for ESRT:
Median PS Value: $12.13 (2105% above median its 10-year median of 0.55)
GF Value™: $8.80 vs. price of $5.37 (39% below fair value)
Industry Position: 1294.3% above the REITs median (#35 of 413)
No single metric tells the full story. See the ESRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Empire State Realty Trust Inc is a real estate investment trust (REIT) that owns and operates office, retail, and multifamily properties located in New York City, prominently in Manhattan. Its portfolio includes office and retail space as well as residential units. The company's objective is to maximize cash flow and total returns to its shareholders and to increase the value of the properties. Its reportable segments consist of a real estate segment and an Observatory segment. The majority of revenue is derived from the Real Estate segment, which includes all activities related to the ownership, management, operation, acquisition, redevelopment, repositioning and disposition of its traditional real estate assets.
66GF Score
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