Empire State Realty TrustESRT +4.47%66 Pretax Margin % is 1.02% as of Mar. 2026, which is 91% below its 10-year median of 11.33. 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 927 REITs companies, Empire State Realty Trust ranks worse than 78.86% on this metric.
The historical rank and industry rank for Empire State Realty Trust's Pretax Margin % or its related term are showing as below:
ESRT'
s Pretax Margin % Range Over the Past 10 Years
Min: -4.98 Med: 11.33 Max: 17.95
Current: 8.02
ESRT's Pretax Margin % is ranked worse than 78.86% of 927
companies
in the REITs industry
Industry Median: 46.7
vs ESRT: 8.02
Empire State Realty Trust (NYSE:ESRT) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Empire State Realty Trust Pretax Margin % Related Terms
Empire State Realty Trust Pretax Margin % 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: Pretax Margin % Comparison
For the REIT - Diversified subindustry, Empire State Realty Trust's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Empire State Realty Trust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Empire State Realty Trust's Pretax Margin % falls into.
* 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 Pretax Margin % of 1.02% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Empire State Realty Trust and its competitors. This is 91% below median its historical median of 11.33. According to the industry distribution chart, Empire State Realty Trust ranks #731 out of 927 companies in the REITs industry, placing it in the top 78.9%.
Is Empire State Realty Trust's Pretax Margin % too high?
Empire State Realty Trust's current Pretax Margin % of 1.02% is 91% below median its 10-year median of 11.33. The REITs industry median Pretax Margin % is 46.70. Empire State Realty Trust's value of 1.02% is 97.8% below this industry median. Based on the distribution chart, Empire State Realty Trust ranks #731 out of 927 companies in the REITs industry, which is in the bottom quartile 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 Pretax Margin % compare to SAFE and JBGS?
According to the REITs industry distribution chart, Empire State Realty Trust ranks #731 out of 927 companies for Pretax Margin %. This places Empire State Realty Trust in the lower half of its industry. The industry median Pretax Margin % is 46.70. Empire State Realty Trust's value of 1.02% is 97.8% below this benchmark. While the company's 10-year median is 11.33 vs. the industry median of 46.70, Empire State Realty Trust has consistently been below 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 Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 46.70, based on 927 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Empire State Realty Trust's current Pretax Margin % of 1.02% is 97.8% below 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Empire State Realty Trust and its competitors. For the REITs industry, the median Pretax Margin % is 46.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire State Realty Trust's current Pretax Margin % is 1.02%, which is 91% below median its own 10-year median of 11.33. 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 Pretax Margin % is 1.02%, which is 91% below median its 10-year median of 11.33 and 97.8% below the REITs industry median of 46.70. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Empire State Realty Trust (ESRT), the current Pretax Margin % is 1.02% 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 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:
Pretax Margin %: 1.02% (91% below median its 10-year median of 11.33)
GF Value™: $8.80 vs. price of $5.37 (39% below fair value)
Industry Position: 97.8% below the REITs median (#731 of 927)
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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