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 60,736 - -
Change - -25.07% 8.98% -2.19% -13.2% 33.39% - -
Enterprise Value (EV) 1 72,421 55,308 62,363 61,362 55,468 70,944 74,425 74,277
Change - -23.63% 12.76% -1.61% -9.61% 27.9% 4.91% -0.2%
P/E 37.9x 11.9x 27.6x 28.1x 28.8x 33.1x 33.2x 30.3x
PBR 7.04x 4.87x 5.35x 5.41x 4.92x 5.08x 5.46x 7.86x
PEG - 0x -0.5x -7.4x -1.9x 3.67x -100.94x 3.12x
Capitalization / Revenue 20.5x 11.8x 11.9x 11.2x 9.44x 12x 11.2x 10.9x
EV / Revenue 22.6x 13.2x 13.8x 13.1x 11.5x 14x 13.7x 13.4x
EV / EBITDA 30.3x 18.3x 19.1x 18.5x 16.4x 19.6x 18.7x 17.8x
EV / EBIT 43.1x 26x 27.2x 28.1x 24.8x 29.9x 29.8x 27x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 8 21.15 12 12 12 12.01 12.31 12.71
Rate of return 2.14% 7.55% 3.93% 4.01% 4.62% 3.69% 3.79% 3.91%
EPS 2 9.87 23.5 11.06 10.64 9.01 9.823 9.791 10.74
Distribution rate 81.1% 90% 108% 113% 133% 122% 126% 118%
Net sales 1 3,204 4,182 4,518 4,696 4,824 5,067 5,445 5,563
EBITDA 1 2,394 3,015 3,263 3,315 3,388 3,625 3,970 4,174
EBIT 1 1,681 2,126 2,293 2,186 2,236 2,376 2,497 2,752
Net income 1 1,732 4,142 1,949 1,873 1,586 1,832 1,996 2,122
Net Debt 1 6,741 6,096 8,733 8,906 9,936 10,208 13,690 13,542
Reference price 2 374.56 280.19 305.00 299.44 259.50 325.10 325.10 325.10
Nbr of stocks (in thousands) 175,355 175,638 175,836 175,183 175,463 186,821 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.99x14.09x19.68x3.69% 60.74B
31.35x14.56x17.66x4.42% 30.96B
-64.79x3.12x13.23x5.11% 9.52B
26.8x11.17x17.78x5.22% 9.2B
15.9x9.13x15.54x4.59% 2.97B
13.4x10.48x17.01x5.27% 2.39B
57.03x9.54x18.03x4.72% 1.88B
10.35x9.56x17.34x5.04% 1.83B
18.46x12.19x23.45x4.77% 1.2B
Average 15.83x 10.43x 17.75x 4.76% 13.41B
Weighted average by Cap. 23.97x 12.77x 18.33x 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