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Essex Property TrustFRA:EXP +0.42%80 Shiller PE Ratio is 29.88 as of Sep. 04, 2026, which is 40% below its 10-year median of 49.61. GuruFocus rates FRA:EXP with a GF Score™ of 80/100 and a GF Value™ of €243.81 (Fairly Valued). The stock has 9 warning signs investors should review. Among 476 REITs companies, Essex Property Trust ranks worse than 85.29% on this metric.
The historical rank and industry rank for Essex Property Trust's Shiller PE Ratio or its related term are showing as below:
FRA:EXP'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 26.95 Med: 49.61 Max: 79.97
Current: 30.58
During the past years, Essex Property Trust's highest Shiller PE Ratio was 79.97. The lowest was 26.95. And the median was 49.61.
FRA:EXP's Shiller PE Ratio is ranked worse than 85.29% of 476
companies
in the REITs industry
Industry Median: 13.325
vs FRA:EXP: 30.58
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Essex Property Trust's adjusted earnings per share data for the three months ended in Jun. 2026 was €0.842. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €8.00 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Essex Property Trust (FRA:EXP) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Essex Property Trust Shiller PE Ratio Related Terms
Essex Property Trust Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Essex Property Trust's Shiller PE 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.
FRA:EXP vs INVH, MAA, SUI: Shiller PE Ratio Comparison
For the REIT - Residential subindustry, Essex Property Trust's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.
Essex Property Trust Shiller PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Essex Property Trust's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Essex Property Trust's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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.
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Essex Property Trust (FRA:EXP) has a Shiller PE Ratio of 29.88 as of Sep. 04, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Essex Property Trust and its competitors. This is 40% below median its historical median of 49.61. Over the past decade, Essex Property Trust's Shiller PE Ratio has ranged from 26.95 to 79.97. According to the industry distribution chart, Essex Property Trust ranks #406 out of 476 companies in the REITs industry, placing it in the top 85.3%.
Is Essex Property Trust's Shiller PE Ratio too high?
Essex Property Trust's current Shiller PE Ratio of 29.88 is 40% below median its 10-year median of 49.61. Over the past 10 years, this metric has ranged from a low of 26.95 to a high of 79.97. The REITs industry median Shiller PE Ratio is 13.33. Essex Property Trust's value of 29.88 is 124.2% above this industry median. Based on the distribution chart, Essex Property Trust ranks #406 out of 476 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Essex Property Trust has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Essex Property Trust's Shiller PE Ratio compare to INVH and MAA?
According to the REITs industry distribution chart, Essex Property Trust ranks #406 out of 476 companies for Shiller PE Ratio. This places Essex Property Trust in the lower half of its industry. The industry median Shiller PE Ratio is 13.33. Essex Property Trust's value of 29.88 is 124.2% above this benchmark. Historically, Essex Property Trust's own Shiller PE Ratio has ranged from 26.95 to 79.97 over the past decade. While the company's 10-year median is 49.61 vs. the industry median of 13.33, Essex Property 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 Shiller PE Ratio for a REITs company?
The median Shiller PE Ratio among REITs companies is 13.33, based on 476 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Essex Property Trust's current Shiller PE Ratio of 29.88 is 124.2% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Essex Property Trust and its competitors. For the REITs industry, the median Shiller PE Ratio is 13.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Essex Property Trust's current Shiller PE Ratio is 29.88, which is 40% below median its own 10-year median of 49.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Essex Property Trust stock overvalued right now?
Based on GuruFocus' analysis, Essex Property Trust (FRA:EXP) is currently considered Fairly Valued. The stock's GF Value™ is €243.81, compared to a current price of €239.00 — trading 2% below its estimated fair value. The current Shiller PE Ratio is 29.88, which is 40% below median its 10-year median of 49.61 and 124.2% above the REITs industry median of 13.33. Essex Property Trust's overall GF Score™ is 80/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Essex Property Trust (FRA:EXP), the current Shiller PE Ratio is 29.88 as of Sep. 04, 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 Essex Property Trust (FRA:EXP) Overvalued in 2026?
Based on GuruFocus' analysis, Essex Property Trust stock appears to be undervalued.
The current stock price of €239.00 is trading 2% below its estimated GF Value™ of €243.81.
GuruFocus considers Essex Property Trust to be Fairly Valued.
Key valuation signals for FRA:EXP:
Shiller PE Ratio: 29.88 (40% below median its 10-year median of 49.61)
GF Value™: €243.81 vs. price of €239.00 (2% below fair value)
Industry Position: 124.2% above the REITs median (#406 of 476)
No single metric tells the full story. See the FRA:EXP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Essex Property Trust owns a portfolio of 259 apartment communities with over 63,000 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
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