Essex Property Trust (ESS)
(Delayed Data from NYSE)
$296.99 USD
-0.14 (-0.05%)
Updated Aug 15, 2022 04:03 PM ET
2-Buy of 5 2
D Value C Growth C Momentum D VGM
Fundamental Charts
About PEG Ratio (TTM)
Currently, Essex Property Trust, Inc. has a PEG ratio of 3.48 compared to the REIT and Equity Trust - Residential industry's PEG ratio of 3.47.
The company's trailing twelve month (TTM) PEG ratio is the P/E ratio divided by its growth rate over the past 12 months. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it doesn't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.
ESS 296.99 -0.14(-0.05%)
Will ESS be a Portfolio Killer in August?
Zacks Investment Research is releasing its prediction for ESS based on the 1-3 month trading system that nearly triples the S&P 500.
Zacks News for ESS
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Other News for ESS
JMP Securities Reiterates Their Hold Rating on Essex Property (ESS)
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Essex Property Trust Inc. stock outperforms market on strong trading day
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Essex Property Trust, Inc. (ESS) CEO Michael Schall on Q2 2022 Results - Earnings Call Transcript