Company Valuation: Public Storage

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 65,681 49,212 53,630 52,457 45,533 57,711 - -
Change - -25.07% 8.98% -2.19% -13.2% 26.75% - -
Enterprise Value (EV) 1 72,421 55,308 62,363 61,362 55,468 67,885 68,536 68,588
Change - -23.63% 12.76% -1.61% -9.61% 22.38% 0.96% 0.08%
P/E 37.9x 11.9x 27.6x 28.1x 28.8x 31.4x 32.1x 29.8x
PBR 7.04x 4.87x 5.35x 5.41x 4.92x 12.5x 13.5x 14.4x
PEG - 0x -0.5x -7.4x -1.9x 2x -14.88x 3.9x
Capitalization / Revenue 20.5x 11.8x 11.9x 11.2x 9.44x 11.5x 10.7x 10.6x
EV / Revenue 22.6x 13.2x 13.8x 13.1x 11.5x 13.5x 12.8x 12.6x
EV / EBITDA 30.3x 18.3x 19.1x 18.5x 16.4x 19.2x 18.2x 17.9x
EV / EBIT 43.1x 26x 27.2x 28.1x 24.8x 30x 28.9x 27.3x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 8 21.15 12 12 12 12.02 12.27 12.6
Rate of return 2.14% 7.55% 3.93% 4.01% 4.62% 3.66% 3.73% 3.83%
EPS 2 9.87 23.5 11.06 10.64 9.01 10.46 10.23 11.01
Distribution rate 81.1% 90% 108% 113% 133% 115% 120% 114%
Net sales 1 3,204 4,182 4,518 4,696 4,824 5,013 5,373 5,438
EBITDA 1 2,394 3,015 3,263 3,315 3,388 3,538 3,769 3,833
EBIT 1 1,681 2,126 2,293 2,186 2,236 2,261 2,369 2,514
Net income 1 1,732 4,142 1,949 1,873 1,586 1,847 1,918 1,988
Net Debt 1 6,741 6,096 8,733 8,906 9,936 10,174 10,825 10,876
Reference price 2 374.56 280.19 305.00 299.44 259.50 328.69 328.69 328.69
Nbr of stocks (in thousands) 175,355 175,638 175,836 175,183 175,463 175,580 - -
Announcement Date 2/22/22 A 2/21/23 A 2/20/24 A 2/24/25 A 2/12/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
31.44x13.54x19.19x3.66% 57.71B
32x14.96x18.31x4.44% 31.21B
-59.67x3.32x14.12x4.84% 10.02B
27.93x11.24x17.74x5.22% 9.26B
56.37x8.92x13.94x4.98% 3.55B
10.94x9.39x15.98x4.36% 3.1B
12.54x10.25x16.69x5.4% 2.31B
62.6x9.78x18.34x5.08% 1.8B
9.77x9.45x16.68x5.17% 1.77B
Average 20.44x 10.09x 16.78x 4.8% 13.41B
Weighted average by Cap. 23.75x 12.46x 18.10x 4.21%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. PSA Stock
  4. Valuation Public Storage