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 56,284 - -
Change - -25.07% 8.98% -2.19% -13.2% 23.61% - -
Enterprise Value (EV) 1 72,421 55,308 62,363 61,362 55,468 66,455 67,104 67,153
Change - -23.63% 12.76% -1.61% -9.61% 19.81% 0.98% 0.07%
P/E 37.9x 11.9x 27.6x 28.1x 28.8x 30.6x 31.3x 29x
PBR 7.04x 4.87x 5.35x 5.41x 4.92x 12.2x 13.1x 13.9x
PEG - 0x -0.5x -7.4x -1.9x 1.9x -14.63x 3.75x
Capitalization / Revenue 20.5x 11.8x 11.9x 11.2x 9.44x 11.2x 10.5x 10.4x
EV / Revenue 22.6x 13.2x 13.8x 13.1x 11.5x 13.3x 12.5x 12.3x
EV / EBITDA 30.3x 18.3x 19.1x 18.5x 16.4x 18.8x 17.8x 17.5x
EV / EBIT 43.1x 26x 27.2x 28.1x 24.8x 29.4x 28.3x 26.7x
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% 3.75% 3.83% 3.93%
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 5,013 5,373 5,438
EBITDA 1 2,394 3,015 3,263 3,315 3,388 3,539 3,770 3,835
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 1,848 1,919 1,991
Net Debt 1 6,741 6,096 8,733 8,906 9,936 10,171 10,820 10,869
Reference price 2 374.56 280.19 305.00 299.44 259.50 320.56 320.56 320.56
Nbr of stocks (in thousands) 175,355 175,638 175,836 175,183 175,463 175,580 - -
Announcement Date 22/02/22 21/02/23 20/02/24 24/02/25 12/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.16x14.69x17.98x4.56% 30.41B
-58.47x3.28x13.97x4.94% 9.82B
27.46x11.1x17.53x5.31% 9.1B
54.92x8.83x13.8x5.11% 3.48B
11.06x9.29x15.84x4.45% 3.04B
12.92x10.19x16.52x5.47% 2.29B
63.47x9.86x18.5x5.01% 1.83B
10.01x9.4x16.68x5.21% 1.76B
Average 19.07x 9.58x 16.35x 5.01% 7.72B
Weighted average by Cap. 16.38x 11.29x 16.86x 4.82%

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