ALX vs BXP vs ESBA Stock Comparison

Alexanders, Bxp and Empire State Realty OP Prices as of Oct 26, 2026 Peers: Industry group
ALX Alexanders Inc
$251.07 +1.4% 1M +7.0% 1Y
Market cap
$1.28B
P/E
7.5x
Revenue (TTM)
$214.80M
Div. yield
0.07%
Office REITs Real Estate
6 wins
BXP BXP, Inc.
$62.26 -1.8% 1M -16.1% 1Y
Market cap
$9.71B
P/E
32.7x
Revenue (TTM)
$3.52B
Div. yield
–
Office REITs Real Estate
2 wins

Head to Head

10 decided of 12

Alexanders leads on 6 of the 12 questions below (Alexanders 6, Bxp 2, Empire State Realty OP 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionALXBXPESBALeader
Larger companyMarket capitalisation $1.28B $9.71B $1.31B BXP
Cheaper on earningsLower P/E, profitable companies only 7.5x 32.7x 259.5x ALX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 29.7x 30.8x — ALX
Faster revenue growthRevenue growth, trailing twelve months -1.5% +1.9% +2.0% ESBA
More profitableNet margin, trailing twelve months 79.1% 8.4% 0.6% ALX
Better return on capitalReturn on invested capital — — -1.1% –
Less leveragedLower net debt / EBITDA — 7.5x 5.0x ESBA
Higher dividend yieldTrailing dividend yield 0.07% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +7.0% -16.1% -39.1% ALX
Better 5-year returnAnnualised price return, 5 years -2.3%/yr -11.6%/yr -14.3%/yr ALX
Less volatileAnnualised volatility, 1 year 28.0% 28.2% 51.8% ALX
Higher overall scoreMean of the five percentile scores vs peers 36/100 49/100 33/100 BXP

Percentile Scorecard

ALXBXPESBA

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisALXBXPESBA
Valuation 31 #101 of 145 71 #43 of 145 69 #45 of 145
Growth 34 #94 of 142 43 #81 of 142 2 #139 of 142
Profitability 44 #76 of 136 64 #50 of 136 26 #101 of 136
Financial Health 9 #126 of 139 23 #108 of 139 60 #56 of 139
Shareholder Returns 59 #54 of 131 46 #71 of 131 9 #120 of 131
Overall 36 49 33
  • ALX ranked among 149 companies in Property REITs
  • BXP ranked among 149 companies in Property REITs
  • ESBA ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodALXBXPESBASPY
1 month +1.4%-1.8%+20.8% -0.8%
3 months -6.2%-10.0%-13.1% +3.5%
6 months +2.5%+7.3%-13.7% +7.0%
Year to date +15.2%-7.7%-23.3% +12.2%
1 year +7.0%-16.1%-39.1% +13.0%
3 years +40.1%+18.8%-38.8% +86.3%
3 years, per year +11.9%+5.9%-15.1% +23.1%
5 years -10.9%-46.0%-53.8% +68.6%
5 years, per year -2.3%-11.6%-14.3% +11.0%
10 years -35.0%-49.3%-75.4% +258.0%
10 years, per year -4.2%-6.6%-13.1% +13.6%

Risk

MeasureALXBXPESBASPY
Volatility, 1Y 28.0%28.2%51.8% 12.7%
Downside volatility, 1Y 30.5%29.8%61.1% 12.7%
Beta vs S&P 500, 1Y 0.230.670.42 1.00
Return / volatility, 1Y 0.25-0.57-0.75 1.02
Max drawdown, 5Y -44.5%-64.5%-66.4% -25.4%
From 52-week high -12.4%-16.5%-37.7% -1.8%
52-week high $286.59$74.53$7.75 $779.14
52-week low $205.15$51.02$3.85 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleALXBXPESBA
P/E now vs peer median 7.6xmedian 27.4x 33.4xmedian 27.4x 256.9xmedian 27.4x
P/S now vs peer median 6.0xmedian 4.2x 2.8xmedian 4.2x 1.7xmedian 4.2x
EV/EBITDA now vs peer median —median 14.2x 12.7xmedian 14.2x 12.5xmedian 14.2x
P/FCF now vs peer median 88.3xmedian 23.2x -99.1xmedian 23.2x -3.0xmedian 23.2x
P/B now vs peer median 5.7xmedian 1.3x 1.3xmedian 1.3x 0.7xmedian 1.3x
PEG now vs peer median 0.43median 2.11 -1.42median 2.11 -4.30median 2.11

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsALXBXPESBA
Revenue $214.80M $3.52B $784.18M
Gross profit – $3.48B –
Operating income – $957.71M -$34.52M
Net income $169.82M $408.55M $9.26M
Free cash flow $14.53M -$100.19M -$437.31M
EPS (diluted) $33.05 $1.86 $0.02
Cash & equivalents $303.31M $493.95M $85.61M
Total debt $3.48B $14.64B $4.54B
Shares (diluted) 5.14M 159.63M 268.95M
Enterprise value $487.77M $6.37B $871.27M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricALXBXPESBA
P/E 7.6x 33.4x 256.9x
P/FCF 88.3x -99.1x -3.0x
P/Operating cash flow 47.2x 7.7x 5.7x
P/S 6.0x 2.8x 1.7x
P/B 5.7x 1.3x 0.7x
P/Tangible book 5.7x 1.3x 0.7x
EV/EBITDA – 12.7x 12.5x
EV/EBIT – 25.1x -62.8x
EV/Revenue 8.4x 6.8x 2.8x
EV/FCF 124.8x -240.3x -5.0x
EV/Operating cash flow 66.8x 18.7x 9.5x
PEG (3Y EPS CAGR) 0.43 -1.42 -4.30

Growth

14 metrics
MetricALXBXPESBA
Revenue growth (1Y) -1.5% 1.9% 2.0%
Revenue CAGR (3Y) 0.2% 3.2% 2.9%
Gross profit growth (1Y) – 1.9% –
Gross profit CAGR (3Y) – 3.2% –
Operating income growth (1Y) – -3.4% -123.1%
Operating income CAGR (3Y) – -1.5% -31.0%
Net income growth (1Y) 354.2% 432.8% -86.5%
Net income CAGR (3Y) 17.9% -20.7% -51.3%
EPS growth (1Y) 354.0% 5,891% -92.1%
EPS CAGR (3Y) 17.8% -23.6% -59.8%
Operating cash flow growth (1Y) -68.1% 4.2% -13.3%
Operating cash flow CAGR (3Y) -28.8% 0.1% -0.8%
Free cash flow growth (1Y) -74.4% -303.9% -169.4%
Free cash flow CAGR (3Y) -38.2% 27.3% -149.9%

Profitability

14 metrics
MetricALXBXPESBA
Gross margin – 99.0% –
EBITDA margin – 53.8% 22.1%
Operating margin – 27.2% -4.4%
Pretax margin – 10.2% 1.3%
Net margin 79.1% 8.4% 0.6%
FCF margin 6.8% -2.8% -55.8%
Operating cash flow margin 12.6% 36.5% 29.0%
Return on equity – 5.4% 0.5%
Return on assets – 1.6% 0.2%
Return on invested capital – – -1.1%
Return on capital employed – – –
Asset turnover 0.2x 0.1x 0.2x
Cash conversion (OCF / net income) 0.2x 3.1x 24.6x
Stock comp / revenue – 1.4% 3.9%

Financial Health

11 metrics
MetricALXBXPESBA
Debt / assets 69.4% 58.2% 22.4%
Debt / equity 3.7x 1.9x 0.5x
Net debt / EBITDA – 7.5x 5.0x
Debt / FCF 57.4x -146.1x -2.2x
Liabilities / assets 81.4% 69.3% 58.1%
Equity / assets 18.6% 30.7% 41.9%
Interest coverage – 1.5x -0.3x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricALXBXPESBA
Dividend yield 7.2% 4.5% 3.3%
Net buyback yield – 0.0% –
Shareholder yield 7.2% 4.5% 3.3%
Payout ratio (earnings) 54.4% – –
Payout ratio (FCF) 636.3% – –
Dividend growth (1Y) 0.0% – –
Dividend CAGR (3Y) 0.1% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusALXBXPESBA
Forward P/E 29.7xFY2027 30.8xFY2026 –
EPS, next fiscal year $8.44FY2027 $2.02FY2026 –
EPS growth, next FY -31.2%FY2027 +16.1%FY2026 –
EPS growth, the year after – -9.9% –
Revenue, next fiscal year $259.67MFY2026 $3.35BFY2026 –
Revenue growth, next FY +21.8%FY2026 -3.8%FY2026 –
Revenue growth, the year after -8.1% +14.8% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersALXBXPESBA
Held by institutions 38.9% 100.0% –
Institutions holding 153 548 –
Change in shares held, QoQ +2.7% +5.2% –
Institutions buying 71 295 –
Institutions selling 50 166 –
Buyers to sellers 1.42 1.78 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ALXBXPESBA
ALX 1.00 0.38 0.21
BXP 0.38 1.00 0.30
ESBA 0.21 0.30 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ALX, BXP and ESBA?

Bxp (BXP) is the largest by market capitalisation: Alexanders (ALX) $1.28B, Bxp (BXP) $9.71B, Empire State Realty OP (ESBA) $1.31B.

Which stock is cheaper, ALX, BXP and ESBA?

Alexanders (ALX) trades on the lowest price-to-earnings ratio (Alexanders (ALX) 7.5x, Bxp (BXP) 32.7x, Empire State Realty OP (ESBA) 259.5x). On next year's consensus earnings, Alexanders (ALX) is cheapest (Alexanders (ALX) 29.7x, Bxp (BXP) 30.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Empire State Realty OP (ESBA) grew revenue fastest over the trailing twelve months: Alexanders (ALX) -1.5%, Bxp (BXP) +1.9%, Empire State Realty OP (ESBA) +2.0%.

Which company is more profitable?

Alexanders (ALX) has the highest net margin (Alexanders (ALX) 79.1%, Bxp (BXP) 8.4%, Empire State Realty OP (ESBA) 0.6%).

Which stock has performed better?

Over the past year Alexanders (ALX) returned the most: Alexanders (ALX) +7.0%, Bxp (BXP) -16.1%, Empire State Realty OP (ESBA) -39.1%. Over five years, Alexanders (ALX) compounded fastest (Alexanders (ALX) -2.3%/yr, Bxp (BXP) -11.6%/yr, Empire State Realty OP (ESBA) -14.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Alexanders (ALX) 0.07%, Bxp (BXP) 0.00%, Empire State Realty OP (ESBA) 0.00%. Bxp (BXP) and Empire State Realty OP (ESBA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Alexanders (ALX) has been the steadiest (Alexanders (ALX) 28.0%, Bxp (BXP) 28.2%, Empire State Realty OP (ESBA) 51.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ALX, BXP and ESBA?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Alexanders (ALX) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.