Is ESS or FCPT more undervalued in 2026?

CirclFi compares Essex Property Trust, Inc. (ESS) and Four Corners Property Trust, In (FCPT) using 13 institutional-grade valuation models. ESS has a Quality of Company score of 8.0/10 while FCPT scores 8.0/10.

Which is a better buy — ESS or FCPT?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do ESS and FCPT valuations compare?

ESS at $272.64 and FCPT at $24.90 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

ESS vs FCPT Valuation Comparison 2026 — Intrinsic Value Analysis

ESS

Real Estate Investment Trusts

Essex Property Trust, Inc.

Quality

8.0

out of 10

Value Trap

SAFE

Price

$272.64

Last close

Models

13/13

Active

FCPT

Real Estate Investment Trusts

Four Corners Property Trust, In

Quality

8.0

out of 10

Value Trap

WARN

Price

$24.90

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	ESS Fair Value	ESS Upside	FCPT Fair Value	FCPT Upside
Bayesian DCF	Intrinsic	$85.80	-68.5%	$24.08	-3.3%
Earnings Power Value	Intrinsic	$5.95	-97.8%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$170.44	-37.5%	$5.33	-78.6%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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ESS vs FCPT — Which Stock Is More Undervalued?

FCPT scores higher with a 8.0/10 quality rating vs ESS's 8.0/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Essex Property Trust, Inc. (ESS) and Four Corners Property Trust, In (FCPT) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

ESS currently trades at $272.64 with a QOC of 8.0/10, while FCPT trades at $24.90 with a QOC of 8.0/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).