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 59,291 - -
Change - -25.07% 8.98% -2.19% -13.2% 30.22% - -
Enterprise Value (EV) 1 72,421 55,308 62,363 61,362 55,468 72,575 73,042 73,207
Change - -23.63% 12.76% -1.61% -9.61% 30.84% 0.64% 0.23%
P/E 37.9x 11.9x 27.6x 28.1x 28.8x 31.8x 31.5x 28.5x
PBR 7.04x 4.87x 5.35x 5.41x 4.92x 5.68x 5.16x 7.01x
PEG - 0x -0.5x -7.4x -1.9x 2.9x 37.18x 2.7x
Capitalization / Revenue 20.5x 11.8x 11.9x 11.2x 9.44x 11.6x 10.8x 10.5x
EV / Revenue 22.6x 13.2x 13.8x 13.1x 11.5x 14.2x 13.3x 12.9x
EV / EBITDA 30.3x 18.3x 19.1x 18.5x 16.4x 20x 18.4x 17.5x
EV / EBIT 43.1x 26x 27.2x 28.1x 24.8x 30.4x 28.7x 26.2x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 8 21.15 12 12 12 12.02 12.32 12.74
Rate of return 2.14% 7.55% 3.93% 4.01% 4.62% 3.79% 3.88% 4.01%
EPS 2 9.87 23.5 11.06 10.64 9.01 9.986 10.07 11.13
Distribution rate 81.1% 90% 108% 113% 133% 120% 122% 114%
Net sales 1 3,204 4,182 4,518 4,696 4,824 5,093 5,490 5,666
EBITDA 1 2,394 3,015 3,263 3,315 3,388 3,626 3,977 4,179
EBIT 1 1,681 2,126 2,293 2,186 2,236 2,389 2,545 2,799
Net income 1 1,732 4,142 1,949 1,873 1,586 1,856 2,018 2,162
Net Debt 1 6,741 6,096 8,733 8,906 9,936 13,283 13,750 13,915
Reference price 2 374.56 280.19 305.00 299.44 259.50 317.37 317.37 317.37
Nbr of stocks (in thousands) 175,355 175,638 175,836 175,183 175,463 186,821 - -
Announcement Date 2/22/22 2/21/23 2/20/24 2/24/25 2/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.78x14.25x20.02x3.79% 59.29B
31.19x14.68x17.75x4.52% 30.44B
-58.69x3.13x13.18x5.27% 9.24B
26.54x11.11x17.7x5.27% 9.11B
13.49x8.72x15.39x5.03% 2.74B
13.43x10.52x16.92x5.29% 2.39B
56.92x9.53x18.02x4.73% 1.88B
11.35x9.4x17.09x5.2% 1.79B
13.4x12.13x22.78x3.99% 1.08B
Average 15.49x 10.39x 17.65x 4.79% 13.11B
Weighted average by Cap. 23.27x 12.87x 18.50x 4.3%

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