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Empire State Realty Trust price to book ratio ESRT

Market value divided by the book value of the company's net assets, since 2014.

Today, Oct 23, 2026
0.8×
10-year median
1.6×
Against its 10-year history
3rd
percentile: 0 is its lowest day, 100 its highest
10-year range
0.7× to 4.6×
Peer median
0.9×

Empire State Realty Trust's price to book ratio is 0.8× as of Oct 23, 2026.

That is below its ten-year median of 1.6×, lower than on 97% of days in the last ten years.

Over that time it ranged from 0.7× in Sep 2026 to 4.6× in Oct 2016.

The median for 10 specialty REITs of a similar size is 0.9×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far0.8×0.7×1.1×
20251.1×1.1×1.7×
20241.7×1.5×1.9×
20231.6×0.9×1.6×
20221.1×1.1×1.7×
20211.5×1.5×2.1×
20201.5×0.9×2.1×
20192.0×1.9×2.3×
20182.1×2.1×2.8×
20172.8×2.7×3.0×
20162.8×2.6×5.2×
20154.1×3.8×4.5×
20144.2×3.7×4.3×

Against its peers

Companies in REIT - Specialty nearest Empire State Realty Trust's size, closest first, today.

CompanyPrice to book ratio
ESRTEmpire State Realty Trust0.8×
ARIApollo Commercial Real Estate Finance0.7×
SAFESafehold0.3×
CSRCenterspace1.4×
CTOCTO Realty Growth1.1×
BFSSaul Centers2.5×
ADAMAdamas Trust0.5×
DEAEasterly Government Properties0.8×
MFAMFA Financial0.4×
PSTLPostal Realty Trust2.0×
CLDTChatham Lodging Trust0.9×
Peer median0.9×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Empire State Realty Trust

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.