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 55,889 - -
Change - -25.07% 8.98% -2.19% -13.2% 22.74% - -
Enterprise Value (EV) 1 72,421 55,308 62,363 61,362 55,468 66,062 66,713 66,765
Change - -23.63% 12.76% -1.61% -9.61% 19.1% 0.99% 0.08%
P/E 37.9x 11.9x 27.6x 28.1x 28.8x 30.4x 31.1x 28.9x
PBR 7.04x 4.87x 5.35x 5.41x 4.92x 12.1x 13.1x 13.9x
PEG - 0x -0.5x -7.4x -1.9x 1.9x -14.42x 3.79x
Capitalization / Revenue 20.5x 11.8x 11.9x 11.2x 9.44x 11.1x 10.4x 10.3x
EV / Revenue 22.6x 13.2x 13.8x 13.1x 11.5x 13.2x 12.4x 12.3x
EV / EBITDA 30.3x 18.3x 19.1x 18.5x 16.4x 18.7x 17.7x 17.4x
EV / EBIT 43.1x 26x 27.2x 28.1x 24.8x 29.2x 28.2x 26.6x
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% 3.78% 3.86% 3.96%
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 3,536 3,761 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 2 374.56 280.19 305.00 299.44 259.50 318.31 318.31 318.31
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.($)
31.03x13.39x18.99x3.71% 56.97B
32.12x15x18.36x4.42% 31.32B
-61.16x3.37x14.32x4.73% 10.27B
27.81x11.2x17.7x5.25% 9.22B
55.64x8.85x13.84x5.04% 3.5B
9.9x9.16x15.55x4.55% 2.97B
12.91x10.48x17.06x5.25% 2.36B
63.26x9.84x18.46x5.03% 1.82B
9.89x9.51x16.79x5.12% 1.78B
19.59x12.63x24.38x4.49% 1.24B
Average 20.10x 10.34x 17.54x 4.76% 12.14B
Weighted average by Cap. 23.17x 12.38x 18.08x 4.23%

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