Company Valuation: Extra Space Storage Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 14,973 30,357 19,711 33,874 31,713 30,888 30,888 -
Change - 102.74% -35.07% 71.86% -6.38% -2.6% 0% -
Enterprise Value (EV) 1 20,610 36,239 26,949 44,792 43,897 43,959 44,185 44,347
Change - 75.83% -25.63% 66.21% -2% 0.14% 0.52% 0.37%
P/E ratio 31.2x 36.6x 23x 33.8x 37.1x 33.5x 30.1x 28.7x
PBR 5.97x 9.74x 6.05x 2.35x 2.27x 2.3x 2.38x 2.44x
PEG - 0.5x 6.47x -1.3x -2.5x 4.32x 2.7x 5.81x
Capitalization / Revenue 12.9x 22.6x 11.9x 15.2x 11.3x 10.7x 10.5x 10.1x
EV / Revenue 17.8x 27x 16.3x 20.2x 15.7x 15.2x 15x 14.5x
EV / EBITDA 23.1x 29.8x 20.1x 26.7x 20.8x 18.5x 18.2x 17.7x
EV / EBIT 30.9x 37.1x 25.7x 38.3x 33.2x 28.1x 27.2x 26.5x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 3.6 4.5 6 6.48 6.48 6.488 6.656 6.933
Rate of return 3.11% 1.98% 4.08% 4.04% 4.33% 4.46% 4.57% 4.76%
EPS 2 3.71 6.19 6.41 4.74 4.03 4.343 4.835 5.074
Distribution rate 97% 72.7% 93.6% 137% 161% 149% 138% 137%
Net sales 1 1,158 1,341 1,655 2,223 2,803 2,893 2,953 3,051
EBITDA 1 890.6 1,218 1,339 1,676 2,106 2,382 2,433 2,503
EBIT 1 666.1 976 1,050 1,170 1,323 1,563 1,626 1,675
Net income 1 481.8 827.6 860.7 803.2 854.7 950.1 1,054 1,105
Net Debt 1 5,637 5,882 7,239 10,918 12,184 13,070 13,297 13,459
Reference price 2 115.86 226.73 147.18 160.33 149.60 145.53 145.53 145.53
Nbr of stocks (in thousands) 129,235 133,892 133,922 211,278 211,984 212,248 212,248 -
Announcement Date 2/22/21 2/23/22 2/22/23 2/27/24 2/25/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.51x15.2x18.45x4.46% 30.89B
31.73x12.43x17.49x4.26% 50.04B
26.17x10.92x17.16x5.38% 8.87B
-63.04x2.74x11.44x5.99% 8.06B
7.48x10.65x18.07x3.65% 3.8B
10.95x11.7x18.72x4.62% 2.74B
51.25x8.01x12.51x6.9% 2.54B
22.86x14.12x25.59x4.31% 2.59B
12.56x11.03x18.31x3.96% 2.34B
Average 14.83x 10.75x 17.53x 4.84% 12.43B
Weighted average by Cap. 23.46x 12.21x 17.44x 4.57%
See all sector valuations

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

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