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 56,976 - -
Change - -25.07% 8.98% -2.19% -13.2% 25.13% - -
Enterprise Value (EV) 1 72,421 55,308 62,363 61,362 55,468 67,147 67,795 67,844
Change - -23.63% 12.76% -1.61% -9.61% 21.05% 0.97% 0.07%
P/E 37.9x 11.9x 27.6x 28.1x 28.8x 31x 31.7x 29.4x
PBR 7.04x 4.87x 5.35x 5.41x 4.92x 12.4x 13.3x 14.1x
PEG - 0x -0.5x -7.4x -1.9x 1.9x -14.82x 3.8x
Capitalization / Revenue 20.5x 11.8x 11.9x 11.2x 9.44x 11.5x 10.8x 10.5x
EV / Revenue 22.6x 13.2x 13.8x 13.1x 11.5x 13.6x 12.9x 12.5x
EV / EBITDA 30.3x 18.3x 19.1x 18.5x 16.4x 19.1x 18.2x 17.7x
EV / EBIT 43.1x 26x 27.2x 28.1x 24.8x 29.7x 28.6x 26.9x
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% 3.7% 3.78% 3.88%
EPS 2 9.87 23.5 11.06 10.64 9.01 10.47 10.24 11.04
Distribution rate 81.1% 90% 108% 113% 133% 115% 120% 114%
Net sales 1 3,204 4,182 4,518 4,696 4,824 4,950 5,253 5,438
EBITDA 1 2,394 3,015 3,263 3,315 3,388 3,516 3,725 3,842
EBIT 1 1,681 2,126 2,293 2,186 2,236 2,263 2,372 2,518
Net income 1 1,732 4,142 1,949 1,873 1,586 1,826 1,887 1,991
Net Debt 1 6,741 6,096 8,733 8,906 9,936 10,171 10,820 10,869
Reference price 2 374.56 280.19 305.00 299.44 259.50 324.50 324.50 324.50
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.46x14.74x18.04x4.53% 30.56B
-59.65x3.32x14.12x4.85% 10.02B
27.64x11.14x17.64x5.28% 9.16B
45.44x8.97x14.26x5.19% 3.43B
16.56x9.34x15.93x4.41% 3.07B
12.99x10.23x16.59x5.44% 2.31B
63.74x9.89x18.55x4.99% 1.83B
9.96x9.36x16.98x5.24% 1.76B
Average 18.52x 9.62x 16.51x 4.99% 7.77B
Weighted average by Cap. 15.90x 11.32x 16.96x 4.79%

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