EMPIRE STATE REALTY TRUST-A (ESRT) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:ESRT • US2921041065
6.63 USD
-0.1 (-1.49%)
At close: Jan 30, 2026
6.63 USD
0 (0%)
After Hours: 1/30/2026, 8:04:00 PM
We assign a fundamental rating of 4 out of 10 to ESRT. ESRT was compared to 124 industry peers in the Diversified REITs industry. Both the profitability and the financial health of ESRT get a neutral evaluation. Nothing too spectacular is happening here. ESRT has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- In the past year ESRT was profitable.
- ESRT had a positive operating cash flow in the past year.
- The reported net income has been mixed in the past 5 years: ESRT reported negative net income in multiple years.
- Each year in the past 5 years ESRT had a positive operating cash flow.
1.2 Ratios
- With a Return On Assets value of 0.85%, ESRT perfoms like the industry average, outperforming 52.42% of the companies in the same industry.
- ESRT has a Return On Equity (3.25%) which is comparable to the rest of the industry.
- The Return On Invested Capital of ESRT (2.87%) is comparable to the rest of the industry.
- Measured over the past 3 years, the Average Return On Invested Capital for ESRT is in line with the industry average of 3.05%.
- The 3 year average ROIC (2.75%) for ESRT is below the current ROIC(2.87%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.85% | ||
| ROE | 3.25% | ||
| ROIC | 2.87% |
ROA(3y)1.03%
ROA(5y)0.49%
ROE(3y)4.33%
ROE(5y)2.08%
ROIC(3y)2.75%
ROIC(5y)2.24%
1.3 Margins
- The Profit Margin of ESRT (4.55%) is comparable to the rest of the industry.
- In the last couple of years the Profit Margin of ESRT has declined.
- Looking at the Operating Margin, with a value of 18.68%, ESRT is in line with its industry, outperforming 45.16% of the companies in the same industry.
- In the last couple of years the Operating Margin of ESRT has remained more or less at the same level.
- The Gross Margin of ESRT (54.04%) is worse than 73.39% of its industry peers.
- In the last couple of years the Gross Margin of ESRT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.68% | ||
| PM (TTM) | 4.55% | ||
| GM | 54.04% |
OM growth 3Y14.11%
OM growth 5Y-0.46%
PM growth 3YN/A
PM growth 5Y-1.77%
GM growth 3Y-0.96%
GM growth 5Y-0.19%
2. Health
2.1 Basic Checks
- ESRT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, ESRT has more shares outstanding
- The number of shares outstanding for ESRT has been reduced compared to 5 years ago.
- The debt/assets ratio for ESRT is higher compared to a year ago.
2.2 Solvency
- ESRT has an Altman-Z score of 0.59. This is a bad value and indicates that ESRT is not financially healthy and even has some risk of bankruptcy.
- ESRT has a Altman-Z score (0.59) which is comparable to the rest of the industry.
- ESRT has a Debt/Equity ratio of 1.92. This is a high value indicating a heavy dependency on external financing.
- ESRT has a worse Debt to Equity ratio (1.92) than 68.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.92 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.59 |
ROIC/WACC0.48
WACC6.05%
2.3 Liquidity
- ESRT has a Current Ratio of 2.59. This indicates that ESRT is financially healthy and has no problem in meeting its short term obligations.
- ESRT's Current ratio of 2.59 is amongst the best of the industry. ESRT outperforms 89.52% of its industry peers.
- ESRT has a Quick Ratio of 2.59. This indicates that ESRT is financially healthy and has no problem in meeting its short term obligations.
- ESRT's Quick ratio of 2.59 is amongst the best of the industry. ESRT outperforms 89.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.59 | ||
| Quick Ratio | 2.59 |
3. Growth
3.1 Past
- ESRT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 37.50%, which is quite impressive.
- Measured over the past years, ESRT shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.83% on average per year.
- ESRT shows a small growth in Revenue. In the last year, the Revenue has grown by 0.45%.
- Measured over the past years, ESRT shows a small growth in Revenue. The Revenue has been growing by 0.98% on average per year.
EPS 1Y (TTM)37.5%
EPS 3YN/A
EPS 5Y-8.83%
EPS Q2Q%187.5%
Revenue 1Y (TTM)0.45%
Revenue growth 3Y7.16%
Revenue growth 5Y0.98%
Sales Q2Q%-20.64%
3.2 Future
- ESRT is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -37.27% yearly.
- ESRT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.75% yearly.
EPS Next Y-88.67%
EPS Next 2Y-68.83%
EPS Next 3Y-56.74%
EPS Next 5Y-37.27%
Revenue Next Year0.75%
Revenue Next 2Y1.81%
Revenue Next 3Y1.71%
Revenue Next 5Y1.75%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 7.53, the valuation of ESRT can be described as very cheap.
- Compared to the rest of the industry, the Price/Earnings ratio of ESRT indicates a rather cheap valuation: ESRT is cheaper than 95.16% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 28.30, ESRT is valued rather cheaply.
- With a Price/Forward Earnings ratio of 108.33, ESRT can be considered very expensive at the moment.
- ESRT's Price/Forward Earnings is on the same level as the industry average.
- ESRT's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.53 | ||
| Fwd PE | 108.33 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ESRT indicates a rather cheap valuation: ESRT is cheaper than 90.32% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.16 |
4.3 Compensation for Growth
- ESRT's earnings are expected to decrease with -56.74% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-68.83%
EPS Next 3Y-56.74%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.08%, ESRT has a reasonable but not impressive dividend return.
- With a Dividend Yield of 2.08, ESRT pays less dividend than the industry average, which is at 6.82. 86.29% of the companies listed in the same industry pay a better dividend than ESRT!
- ESRT's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.08% |
5.2 History
- The dividend of ESRT decreases each year by -17.38%.
- ESRT has been paying a dividend for at least 10 years, so it has a reliable track record.
- ESRT has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-17.38%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
- ESRT pays out 79.65% of its income as dividend. This is not a sustainable payout ratio.
- ESRT's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP79.65%
EPS Next 2Y-68.83%
EPS Next 3Y-56.74%
EMPIRE STATE REALTY TRUST-A / ESRT FAQ
Can you provide the ChartMill fundamental rating for EMPIRE STATE REALTY TRUST-A?
ChartMill assigns a fundamental rating of 4 / 10 to ESRT.
What is the valuation status for ESRT stock?
ChartMill assigns a valuation rating of 4 / 10 to EMPIRE STATE REALTY TRUST-A (ESRT). This can be considered as Fairly Valued.
What is the profitability of ESRT stock?
EMPIRE STATE REALTY TRUST-A (ESRT) has a profitability rating of 4 / 10.
What is the valuation of EMPIRE STATE REALTY TRUST-A based on its PE and PB ratios?
The Price/Earnings (PE) ratio for EMPIRE STATE REALTY TRUST-A (ESRT) is 7.53 and the Price/Book (PB) ratio is 1.05.
What is the financial health of EMPIRE STATE REALTY TRUST-A (ESRT) stock?
The financial health rating of EMPIRE STATE REALTY TRUST-A (ESRT) is 4 / 10.