ALX vs ESBA vs BXP Stock Comparison

Alexanders, Empire State Realty OP and Bxp Prices as of Nov 3, 2026 Peers: Industry group
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ALX Alexanders Inc
$240.12 -1.7% 1M +7.0% 1Y
Market cap
$1.28B
P/E
6.7x
Revenue (TTM)
$233.43M
Div. yield
0.07%
Office REITs Real Estate
7 wins
BXP BXP, Inc.
$62.61 +3.6% 1M -11.3% 1Y
Market cap
$10.42B
P/E
35.1x
Revenue (TTM)
$3.52B
Div. yield
–
Office REITs Real Estate
2 wins

Head to Head

10 decided of 12

Alexanders leads on 7 of the 12 questions below (Alexanders 7, Bxp 2, Empire State Realty OP 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionALXESBABXPLeader
Larger companyMarket capitalisation $1.28B $1.38B $10.42B BXP
Cheaper on earningsLower P/E, profitable companies only 6.7x 272.8x 35.1x ALX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 28.5x — 31.0x ALX
Faster revenue growthRevenue growth, trailing twelve months +8.2% +2.0% +1.9% ALX
More profitableNet margin, trailing twelve months 81.9% 0.6% 8.4% ALX
Better return on capitalReturn on invested capital — -1.1% — –
Less leveragedLower net debt / EBITDA — 5.0x 7.5x ESBA
Higher dividend yieldTrailing dividend yield 0.07% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +7.0% -32.4% -11.3% ALX
Better 5-year returnAnnualised price return, 5 years -2.8%/yr -12.9%/yr -11.4%/yr ALX
Less volatileAnnualised volatility, 1 year 27.8% 50.4% 27.9% ALX
Higher overall scoreMean of the five percentile scores vs peers 46/100 35/100 49/100 BXP

Percentile Scorecard

ALXESBABXP

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

AxisALXESBABXP
Valuation 42 #85 of 146 69 #46 of 146 71 #43 of 146
Growth 51 #71 of 145 3 #141 of 145 39 #89 of 145
Profitability 65 #50 of 141 28 #102 of 141 66 #49 of 141
Financial Health 11 #130 of 146 59 #60 of 146 21 #116 of 146
Shareholder Returns 62 #52 of 136 16 #115 of 136 50 #68 of 136
Overall 46 35 49
  • ALX ranked among 149 companies in Property REITs
  • ESBA ranked among 149 companies in Property REITs
  • BXP ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodALXESBABXPSPY
1 month -1.7%+28.1%+3.6% -2.0%
3 months -12.5%+4.7%-11.4% -2.2%
6 months -4.4%-9.4%+7.0% +4.2%
Year to date +10.2%-21.7%-7.2% +10.6%
1 year +7.0%-32.4%-11.3% +10.4%
3 years +23.4%-46.2%+6.3% +73.6%
3 years, per year +7.3%-18.7%+2.1% +20.2%
5 years -13.2%-49.9%-45.4% +61.6%
5 years, per year -2.8%-12.9%-11.4% +10.1%
10 years -35.2%-73.7%-45.1% +261.3%
10 years, per year -4.2%-12.5%-5.8% +13.7%

Risk

MeasureALXESBABXPSPY
Volatility, 1Y 27.8%50.4%27.9% 12.8%
Downside volatility, 1Y 30.4%58.4%29.0% 12.8%
Beta vs S&P 500, 1Y 0.200.330.65 1.00
Return / volatility, 1Y 0.25-0.64-0.41 0.81
Max drawdown, 5Y -43.8%-66.4%-64.5% -25.4%
From 52-week high -16.2%-34.4%-14.3% -3.2%
52-week high $286.59$7.52$73.02 $779.14
52-week low $205.15$3.85$51.02 $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.

MultipleALXESBABXP
P/E now vs peer median 6.5xmedian 26.1x 262.2xmedian 26.1x 33.6xmedian 26.1x
P/S now vs peer median 5.3xmedian 4.1x 1.7xmedian 4.1x 2.8xmedian 4.1x
EV/EBITDA now vs peer median —median 14.4x 12.6xmedian 14.4x 12.8xmedian 14.4x
P/FCF now vs peer median 29.2xmedian 21.6x -3.0xmedian 21.6x -99.7xmedian 21.6x
P/B now vs peer median 5.4xmedian 1.3x 0.7xmedian 1.3x 1.3xmedian 1.3x
PEG now vs peer median 0.27median 1.95 -4.39median 1.95 -1.42median 1.95

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 monthsALXESBABXP
Revenue $233.43M $784.18M $3.52B
Gross profit – – $3.48B
Operating income – -$34.52M $957.71M
Net income $191.25M $9.26M $408.55M
Free cash flow $42.06M -$437.31M -$100.19M
EPS (diluted) $37.21 $0.02 $1.86
Cash & equivalents $299.79M $85.61M $493.95M
Total debt $837.16M $955.23M $14.64B
Shares (diluted) 5.14M 268.95M 159.63M
Enterprise value $469.24M $938.50M $7.08B

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
MetricALXESBABXP
P/E 6.5x 262.2x 33.6x
P/FCF 29.2x -3.0x -99.7x
P/Operating cash flow 23.0x 5.8x 7.8x
P/S 5.3x 1.7x 2.8x
P/B 5.4x 0.7x 1.3x
P/Tangible book 5.4x 0.7x 1.3x
EV/EBITDA – 12.6x 12.8x
EV/EBIT – -63.6x 25.2x
EV/Revenue 7.6x 2.8x 6.9x
EV/FCF 41.9x -5.0x -240.9x
EV/Operating cash flow 33.1x 9.6x 18.8x
PEG (3Y EPS CAGR) 0.27 -4.39 -1.42

Growth

14 metrics
MetricALXESBABXP
Revenue growth (1Y) 8.2% 2.0% 1.9%
Revenue CAGR (3Y) 2.8% 2.9% 3.2%
Gross profit growth (1Y) – – 1.9%
Gross profit CAGR (3Y) – – 3.2%
Operating income growth (1Y) – -123.1% -3.4%
Operating income CAGR (3Y) – -31.0% -1.5%
Net income growth (1Y) 421.4% -86.5% 432.8%
Net income CAGR (3Y) 24.4% -51.3% -20.7%
EPS growth (1Y) 421.1% -92.1% 5,891%
EPS CAGR (3Y) 24.3% -59.8% -23.6%
Operating cash flow growth (1Y) -34.0% -13.3% 4.2%
Operating cash flow CAGR (3Y) -16.2% -0.8% 0.1%
Free cash flow growth (1Y) -18.9% -169.4% -303.9%
Free cash flow CAGR (3Y) -19.7% -149.9% 27.3%

Profitability

14 metrics
MetricALXESBABXP
Gross margin – – 99.0%
EBITDA margin – 22.1% 53.8%
Operating margin – -4.4% 27.2%
Pretax margin – 1.3% 10.2%
Net margin 81.9% 0.6% 8.4%
FCF margin 18.0% -55.8% -2.8%
Operating cash flow margin 22.8% 29.0% 36.5%
Return on equity – 0.5% 5.4%
Return on assets – 0.2% 1.6%
Return on invested capital – -1.1% –
Return on capital employed – – –
Asset turnover 0.2x 0.2x 0.1x
Cash conversion (OCF / net income) 0.3x 24.6x 3.1x
Stock comp / revenue – 3.9% 1.4%

Financial Health

11 metrics
MetricALXESBABXP
Debt / assets 69.9% 22.4% 58.2%
Debt / equity 3.7x 0.5x 1.9x
Net debt / EBITDA – 5.0x 7.5x
Debt / FCF 19.9x -2.2x -146.1x
Liabilities / assets 81.0% 58.1% 69.3%
Equity / assets 19.0% 41.9% 30.7%
Interest coverage – -0.3x 1.5x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricALXESBABXP
Dividend yield 7.5% 3.2% 4.5%
Net buyback yield – – 0.0%
Shareholder yield 7.5% 3.2% 4.5%
Payout ratio (earnings) 48.3% – –
Payout ratio (FCF) 219.8% – –
Dividend growth (1Y) 0.1% – –
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.

ConsensusALXESBABXP
Forward P/E 28.5xFY2027 – 31.0xFY2026
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
HoldersALXESBABXP
Held by institutions 38.9% – 100.0%
Institutions holding 153 – 551
Change in shares held, QoQ +2.7% – +5.2%
Institutions buying 71 – 297
Institutions selling 50 – 166
Buyers to sellers 1.42 – 1.79

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.

ALXESBABXP
ALX 1.00 0.20 0.37
ESBA 0.20 1.00 0.31
BXP 0.37 0.31 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ALX, ESBA and BXP?

Bxp (BXP) is the largest by market capitalisation: Alexanders (ALX) $1.28B, Empire State Realty OP (ESBA) $1.38B, Bxp (BXP) $10.42B.

Which stock is cheaper, ALX, ESBA and BXP?

Alexanders (ALX) trades on the lowest price-to-earnings ratio (Alexanders (ALX) 6.7x, Empire State Realty OP (ESBA) 272.8x, Bxp (BXP) 35.1x). On next year's consensus earnings, Alexanders (ALX) is cheapest (Alexanders (ALX) 28.5x, Bxp (BXP) 31.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Alexanders (ALX) grew revenue fastest over the trailing twelve months: Alexanders (ALX) +8.2%, Empire State Realty OP (ESBA) +2.0%, Bxp (BXP) +1.9%.

Which company is more profitable?

Alexanders (ALX) has the highest net margin (Alexanders (ALX) 81.9%, Empire State Realty OP (ESBA) 0.6%, Bxp (BXP) 8.4%).

Which stock has performed better?

Over the past year Alexanders (ALX) returned the most: Alexanders (ALX) +7.0%, Empire State Realty OP (ESBA) -32.4%, Bxp (BXP) -11.3%. Over five years, Alexanders (ALX) compounded fastest (Alexanders (ALX) -2.8%/yr, Empire State Realty OP (ESBA) -12.9%/yr, Bxp (BXP) -11.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

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

Which stock is riskier?

By one-year price volatility, Alexanders (ALX) has been the steadiest (Alexanders (ALX) 27.8%, Empire State Realty OP (ESBA) 50.4%, Bxp (BXP) 27.9%). Volatility measures how widely the price swings, not the risk of the business.

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

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 7. 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.