ESBA vs ESS Stock Comparison

Empire State Realty OP and Essex Property Trust Prices as of Oct 27, 2026 Peers: Industry group

Head to Head

10 decided of 12

Essex Property Trust leads on 9 of the 12 questions below (Essex Property Trust 9, Empire State Realty OP 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionESBAESSLeader
Larger companyMarket capitalisation $1.31B $17.67B ESS
Cheaper on earningsLower P/E, profitable companies only 259.5x 42.7x ESS
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 52.8x –
Faster revenue growthRevenue growth, trailing twelve months +2.0% +4.7% ESS
More profitableNet margin, trailing twelve months 0.6% 21.5% ESS
Better return on capitalReturn on invested capital -1.1% — –
Less leveragedLower net debt / EBITDA 5.0x 5.3x ESBA
Higher dividend yieldTrailing dividend yield 3.28% 3.76% ESS
Better 1-year returnPrice return, last 12 months -36.1% +4.8% ESS
Better 5-year returnAnnualised price return, 5 years -13.2%/yr -4.5%/yr ESS
Less volatileAnnualised volatility, 1 year 51.7% 20.1% ESS
Higher overall scoreMean of the five percentile scores vs peers 33/100 46/100 ESS

Percentile Scorecard

ESBAESS

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

AxisESBAESS
Valuation 69 #46 of 145 12 #128 of 145
Growth 2 #138 of 141 34 #93 of 141
Profitability 27 #98 of 134 93 #10 of 134
Financial Health 57 #60 of 138 51 #68 of 138
Shareholder Returns 12 #116 of 131 38 #82 of 131
Overall 33 46
  • ESBA ranked among 149 companies in Property REITs
  • ESS ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodESBAESSSPY
1 month +22.0%+1.2% -0.2%
3 months -12.9%-6.7% +3.9%
6 months -14.1%+2.6% +8.2%
Year to date -22.5%+5.0% +12.9%
1 year -36.1%+4.8% +12.3%
3 years -38.1%+33.1% +87.4%
3 years, per year -14.8%+10.0% +23.3%
5 years -50.6%-20.5% +67.9%
5 years, per year -13.2%-4.5% +10.9%
10 years -74.7%+33.5% +261.1%
10 years, per year -12.9%+2.9% +13.7%

Risk

MeasureESBAESSSPY
Volatility, 1Y 51.7%20.1% 12.7%
Downside volatility, 1Y 61.1%21.8% 12.7%
Beta vs S&P 500, 1Y 0.420.12 1.00
Return / volatility, 1Y -0.700.24 0.97
Max drawdown, 5Y -66.4%-45.4% -25.4%
From 52-week high -37.0%-7.9% -1.2%
52-week high $7.75$298.33 $779.14
52-week low $3.85$239.61 $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.

MultipleESBAESS
P/E now vs peer median 259.5xmedian 26.3x 42.7xmedian 26.3x
P/S now vs peer median 1.7xmedian 4.0x 9.2xmedian 4.0x
EV/EBITDA now vs peer median 12.6xmedian 14.4x 19.4xmedian 14.4x
P/FCF now vs peer median -3.0xmedian 23.3x 30.4xmedian 23.3x
P/B now vs peer median 0.7xmedian 1.3x 3.2xmedian 1.3x
PEG now vs peer median -4.34median 1.91 -5.32median 1.91

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 monthsESBAESS
Revenue $784.18M $1.93B
Operating income -$34.52M $627.10M
Net income $9.26M $437.61M
Free cash flow -$437.31M $580.66M
EPS (diluted) $0.02 $6.44
Cash & equivalents $85.61M $58.33M
Total debt $4.54B $26.96B
Shares (diluted) 268.95M 64.28M
Enterprise value $871.27M $17.59B

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
MetricESBAESS
P/E 259.5x 42.7x
P/FCF -3.0x 30.4x
P/Operating cash flow 5.8x 15.8x
P/S 1.7x 9.2x
P/B 0.7x 3.2x
P/Tangible book 0.7x 3.2x
EV/EBITDA 12.6x 19.4x
EV/EBIT -63.2x 38.8x
EV/Revenue 2.8x 12.6x
EV/FCF -5.0x 41.9x
EV/Operating cash flow 9.6x 21.7x
PEG (3Y EPS CAGR) -4.34 -5.32

Growth

14 metrics
MetricESBAESS
Revenue growth (1Y) 2.0% 4.7%
Revenue CAGR (3Y) 2.9% 5.2%
Gross profit growth (1Y) – –
Gross profit CAGR (3Y) – –
Operating income growth (1Y) -123.1% -35.4%
Operating income CAGR (3Y) -31.0% -2.6%
Net income growth (1Y) -86.5% -49.8%
Net income CAGR (3Y) -51.3% -7.9%
EPS growth (1Y) -92.1% -48.2%
EPS CAGR (3Y) -59.8% -8.0%
Operating cash flow growth (1Y) -13.3% 8.3%
Operating cash flow CAGR (3Y) -0.8% 5.4%
Free cash flow growth (1Y) -169.4% 344.6%
Free cash flow CAGR (3Y) -149.9% -3.3%

Profitability

14 metrics
MetricESBAESS
Gross margin – –
EBITDA margin 22.1% 64.9%
Operating margin -4.4% 32.5%
Pretax margin 1.3% 18.9%
Net margin 0.6% 21.5%
FCF margin -55.8% 30.1%
Operating cash flow margin 29.0% 58.0%
Return on equity 0.5% 7.9%
Return on assets 0.2% 3.4%
Return on invested capital -1.1% –
Return on capital employed – –
Asset turnover 0.2x 0.1x
Cash conversion (OCF / net income) 24.6x 2.6x
Stock comp / revenue 3.9% 0.6%

Financial Health

11 metrics
MetricESBAESS
Debt / assets 22.4% 51.9%
Debt / equity 0.5x 1.2x
Net debt / EBITDA 5.0x 5.3x
Debt / FCF -2.2x 11.5x
Liabilities / assets 58.1% 57.5%
Equity / assets 41.9% 42.5%
Interest coverage -0.3x 2.4x
Current ratio – –
Quick ratio – –
Cash ratio – –
Altman Z-score – –

Shareholder Returns

7 metrics
MetricESBAESS
Dividend yield 3.3% 3.8%
Net buyback yield – 0.3%
Shareholder yield 3.3% 4.1%
Payout ratio (earnings) – 151.6%
Payout ratio (FCF) – 114.2%
Dividend growth (1Y) – 4.0%
Dividend CAGR (3Y) – 4.8%

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.

ConsensusESBAESS
Forward P/E – 52.8xFY2026
EPS, next fiscal year – $5.21FY2026
EPS growth, next FY – -49.9%FY2026
EPS growth, the year after – +29.6%
Revenue, next fiscal year – $2.05BFY2026
Revenue growth, next FY – +9.2%FY2026
Revenue growth, the year after – -7.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersESBAESS
Held by institutions – 100.0%
Institutions holding – 630
Change in shares held, QoQ – +4.7%
Institutions buying – 348
Institutions selling – 183
Buyers to sellers – 1.90

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.

ESBAESS
ESBA 1.00 0.20
ESS 0.20 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ESBA and ESS?

Essex Property Trust (ESS) is the largest by market capitalisation: Empire State Realty OP (ESBA) $1.31B, Essex Property Trust (ESS) $17.67B.

Which stock is cheaper, ESBA and ESS?

Essex Property Trust (ESS) trades on the lowest price-to-earnings ratio (Empire State Realty OP (ESBA) 259.5x, Essex Property Trust (ESS) 42.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Essex Property Trust (ESS) grew revenue fastest over the trailing twelve months: Empire State Realty OP (ESBA) +2.0%, Essex Property Trust (ESS) +4.7%.

Which company is more profitable?

Essex Property Trust (ESS) has the highest net margin (Empire State Realty OP (ESBA) 0.6%, Essex Property Trust (ESS) 21.5%).

Which stock has performed better?

Over the past year Essex Property Trust (ESS) returned the most: Empire State Realty OP (ESBA) -36.1%, Essex Property Trust (ESS) +4.8%. Over five years, Essex Property Trust (ESS) compounded fastest (Empire State Realty OP (ESBA) -13.2%/yr, Essex Property Trust (ESS) -4.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Essex Property Trust (ESS) has the highest dividend yield: Empire State Realty OP (ESBA) 3.28%, Essex Property Trust (ESS) 3.76%.

Which stock is riskier?

By one-year price volatility, Essex Property Trust (ESS) has been the steadiest (Empire State Realty OP (ESBA) 51.7%, Essex Property Trust (ESS) 20.1%). Volatility measures how widely the price swings, not the risk of the business.

Do ESBA and ESS move together?

Their daily returns over the past year have a correlation of 0.20, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, ESBA and ESS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Essex Property Trust (ESS) leads on 9. 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.