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The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Essex Property Trust's share price is $299.79. Essex Property Trust's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2024 was $27.12. Hence, Essex Property Trust's PS Ratio for today is 11.05.
Warning Sign:
Essex Property Trust Inc stock PS Ratio (=11.05) is close to 2-year high of 11.79
The historical rank and industry rank for Essex Property Trust's PS Ratio or its related term are showing as below:
During the past 13 years, Essex Property Trust's highest PS Ratio was 15.92. The lowest was 8.00. And the median was 11.79.
Essex Property Trust's Revenue per Sharefor the three months ended in Sep. 2024 was $7.01. Its Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2024 was $27.12.
Good Sign:
Essex Property Trust Inc has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Essex Property Trust was 5.00% per year. During the past 3 years, the average Revenue per Share Growth Rate was 4.40% per year. During the past 5 years, the average Revenue per Share Growth Rate was 3.80% per year. During the past 10 years, the average Revenue per Share Growth Rate was 4.40% per year.
During the past 13 years, Essex Property Trust's highest 3-Year average Revenue per Share Growth Rate was 20.90% per year. The lowest was -3.80% per year. And the median was 4.90% per year.
The historical data trend for Essex Property Trust's PS 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.
Essex Property Trust Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
PS Ratio | Get a 7-Day Free Trial | 13.59 | 10.41 | 15.91 | 8.59 | 9.54 |
Essex Property Trust Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
PS Ratio | Get a 7-Day Free Trial | 8.21 | 9.54 | 9.33 | 10.22 | 10.89 |
For the REIT - Residential subindustry, Essex Property Trust's PS Ratio, along with its competitors' market caps and PS 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.
For the REITs industry and Real Estate sector, Essex Property Trust's PS Ratio distribution charts can be found below:
* The bar in red indicates where Essex Property Trust's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Essex Property Trust's PS Ratio for today is calculated as
PS Ratio | = | Share Price | / | Revenue per Share (TTM) |
= | 299.79 | / | 27.119 | |
= | 11.05 |
Essex Property Trust's Share Price of today is $299.79.
Essex Property Trust's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $27.12.
* 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:
PS Ratio | = | Market Cap | / | Revenue |
The Revenue here is for the trailing 12 months.
Essex Property Trust (NYSE:ESS) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.
Be Aware
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Thank you for viewing the detailed overview of Essex Property Trust's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Amal M Johnson | director | C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085 |
Anne Morrison | officer: SVP - General Counsel | C/O ESSEX PROPERTY TRUST, INC., 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403 |
Angela L. Kleiman | officer: Executive Vice President & CFO | 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403 |
Keith R Guericke | director, officer: Vice Chairman, President & CEO | C/O ESSEX PROPERTY TRUST, 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403 |
Thomas E Robinson | director | 309 GARRISON FOREST ROAD, OWNINGS MILLS MD 21117 |
Lyons Irving F Iii | director | C/O ESSEX PROPERTY TRUST, INC., 925 E. MEADOW DRIVE, PALO ALTO CA 94303 |
Michael J Schall | director, officer: Sr. Exec. Vice President & CFO | C/O ESSEX PROPERTY TRUST, 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403 |
Adam W Berry | officer: Co-Chief Investment Officer | C/O ESSEX PROPERTY TRUST, INC., 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403 |
Barbara Pak | officer: Executive Vice President & CFO | C/O ESSEX PROPERTY TRUST, INC., 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403 |
John Farias | officer: Group Vice President and CAO | C/O ESSEX PROPERTY TRUST, INC, 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403 |
Byron A Scordelis | director | |
Maria R Hawthorne | director | 701 WESTERN AVENUE, GLENDALE CA 91201 |
John F. Burkart | officer: Executive Vice President | C/O ESSEX PROPERTY TRUST INC., 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403 |
Craig K Zimmerman | officer: Executive Vice President | C/O ESSEX PROPERTY TRUST, 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403 |
Janice L. Sears | director | 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403 |
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