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 60,711 - -
Change - -25.07% 8.98% -2.19% -13.2% 33.34% - -
Enterprise Value (EV) 1 72,421 55,308 62,363 61,362 55,468 73,994 74,462 74,626
Change - -23.63% 12.76% -1.61% -9.61% 33.4% 0.63% 0.22%
P/E 37.9x 11.9x 27.6x 28.1x 28.8x 32.5x 32.3x 29.2x
PBR 7.04x 4.87x 5.35x 5.41x 4.92x 5.82x 5.28x 7.17x
PEG - 0x -0.5x -7.4x -1.9x 3x 38.12x 2.8x
Capitalization / Revenue 20.5x 11.8x 11.9x 11.2x 9.44x 11.9x 11.1x 10.7x
EV / Revenue 22.6x 13.2x 13.8x 13.1x 11.5x 14.5x 13.6x 13.2x
EV / EBITDA 30.3x 18.3x 19.1x 18.5x 16.4x 20.4x 18.7x 17.9x
EV / EBIT 43.1x 26x 27.2x 28.1x 24.8x 31x 29.3x 26.7x
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% 3.7% 3.79% 3.92%
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 2 374.56 280.19 305.00 299.44 259.50 324.97 324.97 324.97
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.($)
32.54x14.57x20.46x3.7% 60.71B
31.64x14.81x17.99x4.45% 30.9B
-59.04x3.14x13.23x5.24% 9.29B
26.84x11.2x17.84x5.21% 9.21B
13.73x8.81x15.45x4.98% 2.77B
13.51x10.57x17x5.26% 2.41B
56.75x9.51x17.99x4.74% 1.87B
13.11x12x22.53x4.07% 1.06B
Average 16.14x 10.58x 17.81x 4.71% 14.78B
Weighted average by Cap. 24.05x 13.15x 18.84x 4.22%

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