Empire State Realty Trust Inc
NYSE:ESRT

Watchlist Manager
Empire State Realty Trust Inc Logo
Empire State Realty Trust Inc
NYSE:ESRT
Watchlist
Price: 7.23 USD 6.48%
Market Cap: 1.2B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one ESRT stock under the Base Case scenario is 20.53 USD. Compared to the current market price of 7.23 USD, Empire State Realty Trust Inc is Undervalued by 65%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

ESRT Relative Value
Base Case
20.53 USD
Undervaluation 65%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

1.6
P/S
P/S
Price to Sales
1.6
vs History
84
vs Industry
63
Median 3Y
2
Median 5Y
2.1
Industry
3.5
Forward
1.4
More Details
25.5
P/E
P/E
Price to Earnings
25.5
vs History
58
vs Industry
18
Median 3Y
31.9
Median 5Y
29.7
Industry
16.3
Forward
73.9
More Details
4.6
P/OCF
P/OCF
Price to OCF
4.6
vs History
92
vs Industry
55
Median 3Y
6.1
Median 5Y
6.5
Industry
10.9
More Details
97.5
P/FCFE
P/FCFE
Price to FCFE
97.5
vs History
6
vs Industry
3
Median 3Y
-10.1
Median 5Y
-5.7
Industry
12.8
More Details
1.1
P/B
P/B
Price to Book Value
1.1
vs History
77
vs Industry
25
Median 3Y
1.4
Median 5Y
1.4
Industry
0.8
More Details
4.2
EV/S
EV/S
Enterprise Value to Sales
4.2
vs History
77
vs Industry
54
Median 3Y
4.6
Median 5Y
4.7
Industry
6.4
Forward
4
More Details
7.6
EV/GP
EV/GP
Enterprise Value to Gross Profit
7.6
vs History
69
vs Industry
58
Median 3Y
8.2
Median 5Y
8.4
Industry
11.7
More Details
9.3
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
9.3
vs History
68
vs Industry
55
Median 3Y
10
Median 5Y
10.2
Industry
15.5
Forward
8.9
More Details
20.2
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
20.2
vs History
93
vs Industry
31
Median 3Y
23.9
Median 5Y
24.1
Industry
18.6
Forward
20.1
More Details
12.3
EV/OCF
EV/OCF
Enterprise Value to OCF
12.3
vs History
92
vs Industry
47
Median 3Y
14.6
Median 5Y
14.9
Industry
18.3
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
2
Median 3Y
-70.7
Median 5Y
-34.8
Industry
20.2
More Details
0.8
EV/IC
EV/IC
Enterprise Value to IC
0.8
vs History
73
vs Industry
36
Median 3Y
0.9
Median 5Y
0.9
Industry
0.7
More Details

Multiples Across Competitors

ESRT Competitors Multiples
Empire State Realty Trust Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Empire State Realty Trust Inc
NYSE:ESRT
1.1B USD 1.6 25.5 9.3 20.2
ZA
Growthpoint Properties Ltd
JSE:GRT
40.7B Zac 0 0 0 0
ZA
Redefine Properties Ltd
JSE:RDF
25.5B Zac 0 0 0 0
US
WP Carey Inc
NYSE:WPC
12.8B USD 8.1 27.8 15.7 25.9
JP
KDX Realty Investment Corp
OTC:KDXRF
9.6B USD 18.1 28.6 37.1 46.2
ZA
Attacq Ltd
JSE:ATT
8.4B Zac 0 0 0 0
AU
Stockland Corporation Ltd
ASX:SGP
11.9B AUD 3.9 26.5 23.8 23.8
ZA
Fairvest Ltd
JSE:FTA
7.2B Zac 0 0 0 0
US
STORE Capital Corp
LSE:0LA6
6.8B USD 7.7 21.4 14.6 23.3
FR
Gecina SA
PAR:GFC
5.9B EUR 8.6 19.2 21.3 21.8
ZA
Investec Property Fund Ltd
JSE:IPF
6.4B Zac 0 0 0 0
P/S Multiple
Revenue Growth P/S to Growth
US
Empire State Realty Trust Inc
NYSE:ESRT
Average P/S: 8
1.6
-5%
N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-14%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
-14%
N/A
US
WP Carey Inc
NYSE:WPC
8.1
3%
2.7
JP
KDX Realty Investment Corp
OTC:KDXRF
18.1
0%
N/A
ZA
A
Attacq Ltd
JSE:ATT
Not Available
-13%
N/A
AU
Stockland Corporation Ltd
ASX:SGP
3.9
10%
0.4
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
US
S
STORE Capital Corp
LSE:0LA6
7.7
8%
1
FR
Gecina SA
PAR:GFC
8.6
4%
2.1
ZA
I
Investec Property Fund Ltd
JSE:IPF
Not Available N/A N/A
P/E Multiple
Earnings Growth PEG
US
Empire State Realty Trust Inc
NYSE:ESRT
Average P/E: 24.8
25.5
-37%
N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-65%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
2%
N/A
US
WP Carey Inc
NYSE:WPC
27.8
12%
2.3
JP
KDX Realty Investment Corp
OTC:KDXRF
28.6
-13%
N/A
ZA
A
Attacq Ltd
JSE:ATT
Not Available
-4%
N/A
AU
Stockland Corporation Ltd
ASX:SGP
26.5
44%
0.6
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
US
S
STORE Capital Corp
LSE:0LA6
21.4
10%
2.1
FR
Gecina SA
PAR:GFC
19.2
19%
1
ZA
I
Investec Property Fund Ltd
JSE:IPF
Not Available N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Empire State Realty Trust Inc
NYSE:ESRT
Average EV/EBITDA: 20.3
9.3
3%
3.1
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-2%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
0%
N/A
US
WP Carey Inc
NYSE:WPC
15.7
8%
2
JP
KDX Realty Investment Corp
OTC:KDXRF
37.1
-1%
N/A
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
AU
Stockland Corporation Ltd
ASX:SGP
23.8
17%
1.4
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
US
S
STORE Capital Corp
LSE:0LA6
14.6
15%
1
FR
Gecina SA
PAR:GFC
21.3
5%
4.3
ZA
I
Investec Property Fund Ltd
JSE:IPF
Not Available N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Empire State Realty Trust Inc
NYSE:ESRT
Average EV/EBIT: 26.8
20.2
2%
10.1
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-2%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
5%
N/A
US
WP Carey Inc
NYSE:WPC
25.9
13%
2
JP
KDX Realty Investment Corp
OTC:KDXRF
46.2
N/A N/A
ZA
A
Attacq Ltd
JSE:ATT
Not Available
4%
N/A
AU
Stockland Corporation Ltd
ASX:SGP
23.8
17%
1.4
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
US
S
STORE Capital Corp
LSE:0LA6
23.3
15%
1.6
FR
Gecina SA
PAR:GFC
21.8
10%
2.2
ZA
I
Investec Property Fund Ltd
JSE:IPF
Not Available N/A N/A

See Also

Summary
ESRT intrinsic value, competitors valuation, and company profile.
DCF Valuation
ESRT stock valuation using Discount Cash Flow valuation method.
Relative Valuation
ESRT stock valuation using valuation multiples.
Wall Street Estimates
ESRT price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
ESRT stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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