Essex Property Trust Inc (ESS) is slightly undervalued and Vivmark Residential (VMRK) is overvalued.
Against our estimates of intrinsic value, ESS trades at the wider discount: a margin of safety of +7%, against -92% for VMRK.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.9% (average of 3 methods) values the shares at $294.00; the price of $274.76 is 7% below that value, and 76% of that value comes from beyond year five.
Leak Score 47/100 on 9 of 12 signals
Discounting its cash flows at 8.6% (average of 3 methods) values the shares at $32.55; the price of $62.35 is 92% above that value, and 77% of that value comes from beyond year five.
Leak Score 35/100 on 7 of 12 signals
| Metric | ESS | VMRK |
|---|---|---|
| Verdict | Slightly undervalued | Overvalued |
| Price | $274.76 | $62.35 |
| Intrinsic value | $294.00 | $32.55 |
| Margin of safety | +7% | -92% |
| Leak Score | 47/100 (9/12) | 35/100 (7/12) |
| Market cap | $18.3B | $48.2B |
| Revenue growth, 5 years | 4.8% | 3.9% |
| Operating margin | 29.3% | 28.8% |
| Net margin | 21.5% | 27.7% |
| Return on equity | 7.5% | 8.1% |
| Debt to equity | 1.27 | 0.79 |
| P/E | 42.8x | 27.4x |
| Forward P/E | 43.6x | 36.3x |
| P/B | 3.3x | 2.2x |
| Dividend yield | 3.8% | 4.5% |