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 56,321 - -
Change - -25.07% 8.98% -2.19% -13.2% 23.69% - -
Enterprise Value (EV) 1 72,421 55,308 62,363 61,362 55,468 66,494 67,145 67,197
Change - -23.63% 12.76% -1.61% -9.61% 19.88% 0.98% 0.08%
P/E 37.9x 11.9x 27.6x 28.1x 28.8x 30.7x 31.4x 29.1x
PBR 7.04x 4.87x 5.35x 5.41x 4.92x 12.2x 13.2x 14.1x
PEG - 0x -0.5x -7.4x -1.9x 1.9x -14.56x 3.81x
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 12.4x
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 10.46 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 2 374.56 280.19 305.00 299.44 259.50 320.77 320.77 320.77
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.($)
30.68x13.26x18.79x3.75% 56.32B
31.19x14.69x17.98x4.55% 30.42B
-58.7x3.29x14x4.92% 9.86B
27.29x11.05x17.45x5.34% 9.04B
54.97x8.8x13.75x5.1% 3.46B
10.95x9.23x15.69x4.5% 2.99B
12.65x10.03x16.25x5.58% 2.23B
62.62x9.78x18.34x5.08% 1.8B
9.79x9.29x16.47x5.33% 1.71B
Average 20.16x 9.94x 16.53x 4.91% 13.09B
Weighted average by Cap. 23.13x 12.22x 17.77x 4.31%

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