ESBA vs ALX Stock Comparison

Empire State Realty OP and Alexanders 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

Head to Head

8 decided of 12

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

QuestionESBAALXLeader
Larger companyMarket capitalisation $1.30B $1.28B ESBA
Cheaper on earningsLower P/E, profitable companies only 256.9x 7.5x ALX
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 29.7x –
Faster revenue growthRevenue growth, trailing twelve months +2.0% -1.5% ESBA
More profitableNet margin, trailing twelve months 0.6% 79.1% ALX
Better return on capitalReturn on invested capital -1.1% — –
Less leveragedLower net debt / EBITDA 5.0x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.07% –
Better 1-year returnPrice return, last 12 months -39.1% +7.0% ALX
Better 5-year returnAnnualised price return, 5 years -14.3%/yr -2.3%/yr ALX
Less volatileAnnualised volatility, 1 year 51.8% 28.0% ALX
Higher overall scoreMean of the five percentile scores vs peers 33/100 36/100 ALX

Percentile Scorecard

ESBAALX

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

AxisESBAALX
Valuation 69 #45 of 145 31 #101 of 145
Growth 2 #139 of 142 34 #94 of 142
Profitability 26 #101 of 136 44 #76 of 136
Financial Health 60 #56 of 139 9 #126 of 139
Shareholder Returns 9 #120 of 131 59 #54 of 131
Overall 33 36
  • ESBA ranked among 149 companies in Property REITs
  • ALX ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodESBAALXSPY
1 month +20.8%+1.4% -0.8%
3 months -13.1%-6.2% +3.5%
6 months -13.7%+2.5% +7.0%
Year to date -23.3%+15.2% +12.2%
1 year -39.1%+7.0% +13.0%
3 years -38.8%+40.1% +86.3%
3 years, per year -15.1%+11.9% +23.1%
5 years -53.8%-10.9% +68.6%
5 years, per year -14.3%-2.3% +11.0%
10 years -75.4%-35.0% +258.0%
10 years, per year -13.1%-4.2% +13.6%

Risk

MeasureESBAALXSPY
Volatility, 1Y 51.8%28.0% 12.7%
Downside volatility, 1Y 61.1%30.5% 12.7%
Beta vs S&P 500, 1Y 0.420.23 1.00
Return / volatility, 1Y -0.750.25 1.02
Max drawdown, 5Y -66.4%-44.5% -25.4%
From 52-week high -37.7%-12.4% -1.8%
52-week high $7.75$286.59 $779.14
52-week low $3.85$205.15 $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.

MultipleESBAALX
P/E now vs peer median 256.9xmedian 27.4x 7.6xmedian 27.4x
P/S now vs peer median 1.7xmedian 4.2x 6.0xmedian 4.2x
EV/EBITDA now vs peer median 12.5xmedian 14.2x —median 14.2x
P/FCF now vs peer median -3.0xmedian 23.2x 88.3xmedian 23.2x
P/B now vs peer median 0.7xmedian 1.3x 5.7xmedian 1.3x
PEG now vs peer median -4.30median 2.11 0.43median 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 monthsESBAALX
Revenue $784.18M $214.80M
Operating income -$34.52M –
Net income $9.26M $169.82M
Free cash flow -$437.31M $14.53M
EPS (diluted) $0.02 $33.05
Cash & equivalents $85.61M $303.31M
Total debt $4.54B $3.48B
Shares (diluted) 268.95M 5.14M
Enterprise value $857.82M $485.54M

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
MetricESBAALX
P/E 256.9x 7.6x
P/FCF -3.0x 88.3x
P/Operating cash flow 5.7x 47.2x
P/S 1.7x 6.0x
P/B 0.7x 5.7x
P/Tangible book 0.7x 5.7x
EV/EBITDA 12.5x –
EV/EBIT -62.8x –
EV/Revenue 2.8x 8.4x
EV/FCF -5.0x 124.8x
EV/Operating cash flow 9.5x 66.8x
PEG (3Y EPS CAGR) -4.30 0.43

Growth

14 metrics
MetricESBAALX
Revenue growth (1Y) 2.0% -1.5%
Revenue CAGR (3Y) 2.9% 0.2%
Gross profit growth (1Y) – –
Gross profit CAGR (3Y) – –
Operating income growth (1Y) -123.1% –
Operating income CAGR (3Y) -31.0% –
Net income growth (1Y) -86.5% 354.2%
Net income CAGR (3Y) -51.3% 17.9%
EPS growth (1Y) -92.1% 354.0%
EPS CAGR (3Y) -59.8% 17.8%
Operating cash flow growth (1Y) -13.3% -68.1%
Operating cash flow CAGR (3Y) -0.8% -28.8%
Free cash flow growth (1Y) -169.4% -74.4%
Free cash flow CAGR (3Y) -149.9% -38.2%

Profitability

14 metrics
MetricESBAALX
Gross margin – –
EBITDA margin 22.1% –
Operating margin -4.4% –
Pretax margin 1.3% –
Net margin 0.6% 79.1%
FCF margin -55.8% 6.8%
Operating cash flow margin 29.0% 12.6%
Return on equity 0.5% –
Return on assets 0.2% –
Return on invested capital -1.1% –
Return on capital employed – –
Asset turnover 0.2x 0.2x
Cash conversion (OCF / net income) 24.6x 0.2x
Stock comp / revenue 3.9% –

Financial Health

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

Shareholder Returns

7 metrics
MetricESBAALX
Dividend yield 3.3% 7.2%
Net buyback yield – –
Shareholder yield 3.3% 7.2%
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.

ConsensusESBAALX
Forward P/E – 29.7xFY2027
EPS, next fiscal year – $8.44FY2027
EPS growth, next FY – -31.2%FY2027
Revenue, next fiscal year – $259.67MFY2026
Revenue growth, next FY – +21.8%FY2026
Revenue growth, the year after – -8.1%

Institutional Ownership

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

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.

ESBAALX
ESBA 1.00 0.21
ALX 0.21 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ESBA and ALX?

Empire State Realty OP (ESBA) is the largest by market capitalisation: Empire State Realty OP (ESBA) $1.30B, Alexanders (ALX) $1.28B.

Which stock is cheaper, ESBA and ALX?

Alexanders (ALX) trades on the lowest price-to-earnings ratio (Empire State Realty OP (ESBA) 256.9x, Alexanders (ALX) 7.5x). 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: Empire State Realty OP (ESBA) +2.0%, Alexanders (ALX) -1.5%.

Which company is more profitable?

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

Which stock has performed better?

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

Which pays a higher dividend?

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

Which stock is riskier?

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

Do ESBA and ALX move together?

Their daily returns over the past year have a correlation of 0.21, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, ESBA and ALX?

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.