Empire State Realty TrustESRT +3.27%64 Return-on-Tangible-Asset is 0.25% as of Mar. 2026, which is 84% below its 10-year median of 1.52. GuruFocus rates ESRT with a GF Scoreâ„¢ of 64/100 and a GF Valueâ„¢ of $8.82 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 938 REITs companies, Empire State Realty Trust ranks worse than 70.36% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Empire State Realty Trust's annualizedNet Income for the quarter that ended in Mar. 2026 was $9.1 Mil. Empire State Realty Trust's average total tangible assets for the quarter that ended in Mar. 2026 was $3,641.3 Mil. Therefore, Empire State Realty Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.25%.
The historical rank and industry rank for Empire State Realty Trust's Return-on-Tangible-Asset or its related term are showing as below:
ESRT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.39 Med: 1.52 Max: 2.09
Current: 1.15
During the past 13 years, Empire State Realty Trust's highest Return-on-Tangible-Asset was 2.09%. The lowest was -0.39%. And the median was 1.52%.
ESRT's Return-on-Tangible-Asset is ranked worse than 70.36% of 938
companies
in the REITs industry
Industry Median: 3.265
vs ESRT: 1.15
Empire State Realty Trust (NYSE:ESRT) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companyÂ’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companyÂ’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Empire State Realty Trust Return-on-Tangible-Asset Related Terms
Empire State Realty Trust Return-on-Tangible-Asset Historical Data
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The historical data trend for Empire State Realty Trust's Return-on-Tangible-Asset 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.
Empire State Realty Trust Return-on-Tangible-Asset Chart
ESRT vs JBGS, CTO, SAFE: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, Empire State Realty Trust's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Empire State Realty Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Empire State Realty Trust's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.25% mean?
Empire State Realty Trust (ESRT) has a Return-on-Tangible-Asset of 0.25% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Empire State Realty Trust and its competitors. This is 84% below median its historical median of 1.52. According to the industry distribution chart, Empire State Realty Trust ranks #660 out of 938 companies in the REITs industry, placing it in the top 70.4%.
Is Empire State Realty Trust's Return-on-Tangible-Asset too high?
Empire State Realty Trust's current Return-on-Tangible-Asset of 0.25% is 84% below median its 10-year median of 1.52. The REITs industry median Return-on-Tangible-Asset is 3.27. Empire State Realty Trust's value of 0.25% is 92.3% below this industry median. Based on the distribution chart, Empire State Realty Trust ranks #660 out of 938 companies in the REITs industry, which is below the industry midpoint. Overall, Empire State Realty Trust has a GF Scoreâ„¢ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Empire State Realty Trust's Return-on-Tangible-Asset compare to JBGS and CTO?
According to the REITs industry distribution chart, Empire State Realty Trust ranks #660 out of 938 companies for Return-on-Tangible-Asset. This places Empire State Realty Trust in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.27. Empire State Realty Trust's value of 0.25% is 92.3% below this benchmark. While the company's 10-year median is 1.52 vs. the industry median of 3.27, 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 Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Empire State Realty Trust's current Return-on-Tangible-Asset of 0.25% is 92.3% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Empire State Realty Trust and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire State Realty Trust's current Return-on-Tangible-Asset is 0.25%, which is 84% below median its own 10-year median of 1.52. 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 $8.82, compared to a current price of $5.69 — trading 35.5% below its estimated fair value. The current Return-on-Tangible-Asset is 0.25%, which is 84% below median its 10-year median of 1.52 and 92.3% below the REITs industry median of 3.27. Empire State Realty Trust's overall GF Score™ is 64/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Empire State Realty Trust (ESRT), the current Return-on-Tangible-Asset is 0.25% 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 $5.69 is trading 35.5% below its estimated GF Value™ of $8.82.
GuruFocus considers Empire State Realty Trust to be Possible Value Trap.
Key valuation signals for ESRT:
Return-on-Tangible-Asset: 0.25% (84% below median its 10-year median of 1.52)
GF Value™: $8.82 vs. price of $5.69 (35.5% below fair value)
Industry Position: 92.3% below the REITs median (#660 of 938)
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.
64GF Score
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