Empire State Realty TrustESRT +1.94%64 3-Year ROIIC % is 4.78 as of Dec. 2025, which is 23% below its 10-year median of 6.24. GuruFocus rates ESRT with a GF Score™ of 64/100 and a GF Value™ of $8.82 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 698 REITs companies, Empire State Realty Trust ranks better than 58.17% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Empire State Realty Trust's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 4.78%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Empire State Realty Trust's 3-Year ROIIC % or its related term are showing as below:
ESRT's 3-Year ROIIC % is ranked better than 58.17% of 698
companies
in the REITs industry
Industry Median: 3.505
vs ESRT: 4.78
Empire State Realty Trust (NYSE:ESRT) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Empire State Realty Trust 3-Year ROIIC % Related Terms
Empire State Realty Trust 3-Year ROIIC % 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 JBGS, CTO, SAFE: 3-Year ROIIC % Comparison
For the REIT - Diversified subindustry, Empire State Realty Trust's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Empire State Realty Trust's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Empire State Realty Trust's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Empire State Realty Trust (ESRT) has a 3-Year ROIIC % of 4.78 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Empire State Realty Trust and its competitors. This is 23% below median its historical median of 6.24. According to the industry distribution chart, Empire State Realty Trust ranks #292 out of 698 companies in the REITs industry, placing it in the top 41.8%.
Is Empire State Realty Trust's 3-Year ROIIC % too high?
Empire State Realty Trust's current 3-Year ROIIC % of 4.78 is 23% below median its 10-year median of 6.24. The REITs industry median 3-Year ROIIC % is 3.51. Empire State Realty Trust's value of 4.78 is 36.4% above this industry median. Based on the distribution chart, Empire State Realty Trust ranks #292 out of 698 companies in the REITs industry, which is above the industry midpoint. Overall, Empire State Realty Trust has a GF Score™ 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 3-Year ROIIC % compare to JBGS and CTO?
According to the REITs industry distribution chart, Empire State Realty Trust ranks #292 out of 698 companies for 3-Year ROIIC %. This puts Empire State Realty Trust in the upper half of its industry. The industry median 3-Year ROIIC % is 3.51. Empire State Realty Trust's value of 4.78 is 36.4% above this benchmark. While the company's 10-year median is 6.24 vs. the industry median of 3.51, Empire State Realty 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 3-Year ROIIC % for a REITs company?
The median 3-Year ROIIC % among REITs companies is 3.51, based on 698 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Empire State Realty Trust's current 3-Year ROIIC % of 4.78 is 36.4% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Empire State Realty Trust and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire State Realty Trust's current 3-Year ROIIC % is 4.78, which is 23% below median its own 10-year median of 6.24. 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 $5.52 — trading 37.5% below its estimated fair value. The current 3-Year ROIIC % is 4.78, which is 23% below median its 10-year median of 6.24 and 36.4% above the REITs industry median of 3.51. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Empire State Realty Trust (ESRT), the current 3-Year ROIIC % is 4.78 as of Dec. 2025. 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 $5.52 is trading 37.5% below its estimated GF Value™ of $8.82.
GuruFocus considers Empire State Realty Trust to be Possible Value Trap.
Key valuation signals for ESRT:
3-Year ROIIC %: 4.78 (23% below median its 10-year median of 6.24)
GF Value™: $8.82 vs. price of $5.52 (37.5% below fair value)
Industry Position: 36.4% above the REITs median (#292 of 698)
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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