Essex Property Trust Inc stock PB Ratio (=3.33) is close to 3-year high of 3.68.
The historical rank and industry rank for Essex Property Trust's PB Ratio or its related term are showing as below:
MEX:ESS'
s PB Ratio Range Over the Past 10 Years
Min: 2 Med: 2.84 Max: 3.88
Current: 3.33
During the past 13 years, Essex Property Trust's highest PB Ratio was 3.88. The lowest was 2.00. And the median was 2.84.
MEX:ESS's PB Ratio is ranked worse than 95.59% of 929
companies
in the REITs industry
Industry Median: 0.86
vs MEX:ESS: 3.33
During the past 12 months, Essex Property Trust's average Book Value Per Share Growth Rate was -2.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -1.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Essex Property Trust was 32.40% per year. The lowest was -4.00% per year. And the median was 3.80% per year.
Back to Basics: PB Ratio
Essex Property Trust (MEX:ESS) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Essex Property Trust PB Ratio Related Terms
Essex Property Trust PB Ratio Historical Data
* Premium members only.
The historical data trend for Essex Property Trust's PB 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.
For the REIT - Residential subindustry, Essex Property Trust's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Essex Property Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Essex Property Trust's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Essex Property Trust (MEX:ESS) has a PB Ratio of 2.68 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Essex Property Trust and its competitors. This is near median its historical median of 2.84. Over the past decade, Essex Property Trust's PB Ratio has ranged from 2.00 to 3.88. According to the industry distribution chart, Essex Property Trust ranks #888 out of 929 companies in the REITs industry, placing it in the top 95.6%.
Is Essex Property Trust's PB Ratio too high?
Essex Property Trust's current PB Ratio of 2.68 is near median its 10-year median of 2.84. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 3.88. The REITs industry median PB Ratio is 0.86. Essex Property Trust's value of 2.68 is 211.6% above this industry median. Based on the distribution chart, Essex Property Trust ranks #888 out of 929 companies in the REITs industry, which is in the bottom quartile relative to peers. 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 PB Ratio compare to INVH and SUI?
According to the REITs industry distribution chart, Essex Property Trust ranks #888 out of 929 companies for PB Ratio. This places Essex Property Trust in the lower half of its industry. The industry median PB Ratio is 0.86. Essex Property Trust's value of 2.68 is 211.6% above this benchmark. Historically, Essex Property Trust's own PB Ratio has ranged from 2.00 to 3.88 over the past decade. While the company's 10-year median is 2.84 vs. the industry median of 0.86, 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 PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.86, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Essex Property Trust's current PB Ratio of 2.68 is 211.6% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Essex Property Trust and its competitors. For the REITs industry, the median PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Essex Property Trust's current PB Ratio is 2.68, which is near median its own 10-year median of 2.84. 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 PB Ratio of 2.68. The stock's GF Value™ is MXN4,039.24, compared to a current price of MXN4,081.12 — trading 1% above its estimated fair value. The current PB Ratio is 2.68, which is near median its 10-year median of 2.84 and 211.6% above the REITs industry median of 0.86. Essex Property Trust's overall GF Score™ is 78/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Essex Property Trust (MEX:ESS), the current PB Ratio is 2.68 as of Jun. 25, 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 1% above its estimated GF Value™ of MXN4,039.24.
Key valuation signals for MEX:ESS:
PB Ratio: 2.68 (near median its 10-year median of 2.84)
GF Value™: MXN4,039.24 vs. price of MXN4,081.12 (1% above fair value)
Industry Position: 211.6% above the REITs median (#888 of 929)
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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