Empire State Realty Trust (STU:ES9) ROCE %: 3.18% (As of Mar. 2026)


STU:ES9 Empire State Realty Trust Inc STU:ES9
42 GF Score
Price €4.84
GF Value €7.53
Valuation Possible Value Trap
! 7 Warning Signs
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What is Empire State Realty Trust ROCE %?

Empire State Realty Trust STU:ES9 -2.81% 42 ROCE % is 3.18% as of Mar. 2026. GuruFocus rates STU:ES9 with a GF Score™ of 42/100 and a GF Value™ of €7.53 (Possible Value Trap). The stock has 7 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Empire State Realty Trust's annualized ROCE % for the quarter that ended in Mar. 2026 was 3.18%.

Empire State Realty Trust  (STU:ES9) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Empire State Realty Trust ROCE % Related Terms

Empire State Realty Trust ROCE % Historical Data

* Premium members only.

The historical data trend for Empire State Realty Trust's ROCE % 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 ROCE % Chart

Empire State Realty Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.26 4.68 5.11 5.31 4.49

Empire State Realty Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.55 3.92 4.39 6.34 3.18
STU:ES9
42GF Score
Empire State Realty Trust Inc STU:ES9
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Empire State Realty Trust ROCE % Calculation

Empire State Realty Trust's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=153.138/( ( (4307.324 - 731.994) + (3816.493 - 565.189) )/ 2 )
=153.138/( (3575.33+3251.304)/ 2 )
=153.138/3413.317
=4.49 %

Empire State Realty Trust's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=104.044/( ( (3816.493 - 565.189) + (3810.951 - 515.965) )/ 2 )
=104.044/( ( 3251.304 + 3294.986 )/ 2 )
=104.044/3273.145
=3.18 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 3.18% mean?
Empire State Realty Trust (STU:ES9) has a ROCE % of 3.18% as of Mar. 2026.
Is Empire State Realty Trust's ROCE % too high?
Empire State Realty Trust's current ROCE % is 3.18%. The REITs industry median ROCE % is 5.17. Empire State Realty Trust's value of 3.18% is 38.5% below this industry median. Overall, Empire State Realty Trust has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Empire State Realty Trust's ROCE % compare to JBGS and CTO?
Empire State Realty Trust's ROCE % of 3.18% can be compared against companies in the REITs industry. The industry median ROCE % is 5.17. Empire State Realty Trust's value of 3.18% is 38.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a REITs company?
The median ROCE % among REITs companies is 5.17, based on 753 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Empire State Realty Trust's current ROCE % of 3.18% is 38.5% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median ROCE % is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire State Realty Trust's current ROCE % is 3.18%. 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 (STU:ES9) is currently considered Possible Value Trap. The stock's GF Value™ is €7.53, compared to a current price of €4.84 — trading 35.7% below its estimated fair value. The current ROCE % is 3.18% and 38.5% below the REITs industry median of 5.17. Empire State Realty Trust's overall GF Score™ is 42/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Empire State Realty Trust (STU:ES9), the current ROCE % is 3.18% 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 (STU:ES9) Overvalued in 2026?

Based on GuruFocus' analysis, Empire State Realty Trust stock appears to be undervalued. The current stock price of €4.84 is trading 35.7% below its estimated GF Value™ of €7.53. GuruFocus considers Empire State Realty Trust to be Possible Value Trap.

Key valuation signals for STU:ES9:

  • ROCE %: 3.18%
  • GF Value™: €7.53 vs. price of €4.84 (35.7% below fair value)
  • GF Score™: 42/100 with 7 warning signs
  • Industry Position: 38.5% below the REITs median

No single metric tells the full story. See the STU:ES9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Empire State Realty Trust Business Description

Industry Real EstateREITs
Other Exchanges ESRT:USA
Address 111 West 33rd Street, 12th Floor, New York, NY, USA, 10120
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.
42GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.84
Price
€7.53
GF Value