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 54,728 - -
Change - -25.07% 8.98% -2.19% -13.2% 20.2% - -
Enterprise Value (EV) 1 72,421 55,308 62,363 61,362 55,468 64,899 65,142 65,357
Change - -23.63% 12.76% -1.61% -9.61% 17% 0.37% 0.33%
P/E 37.9x 11.9x 27.6x 28.1x 28.8x 29.8x 30x 27.4x
PBR 7.04x 4.87x 5.35x 5.41x 4.92x 11.9x 12.8x 13.5x
PEG - 0x -0.5x -7.4x -1.9x 1.8x -37.24x 2.83x
Capitalization / Revenue 20.5x 11.8x 11.9x 11.2x 9.44x 11.1x 10.5x 10.2x
EV / Revenue 22.6x 13.2x 13.8x 13.1x 11.5x 13.2x 12.5x 12.2x
EV / EBITDA 30.3x 18.3x 19.1x 18.5x 16.4x 18.4x 17.4x 17.3x
EV / EBIT 43.1x 26x 27.2x 28.1x 24.8x 28.7x 27.5x 26x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 8 21.15 12 12 12 12.02 12.3 12.7
Rate of return 2.14% 7.55% 3.93% 4.01% 4.62% 3.86% 3.95% 4.07%
EPS 2 9.87 23.5 11.06 10.64 9.01 10.47 10.38 11.39
Distribution rate 81.1% 90% 108% 113% 133% 115% 118% 111%
Net sales 1 3,204 4,182 4,518 4,696 4,824 4,928 5,198 5,341
EBITDA 1 2,394 3,015 3,263 3,315 3,388 3,522 3,751 3,768
EBIT 1 1,681 2,126 2,293 2,186 2,236 2,263 2,372 2,518
Net income 1 1,732 4,142 1,949 1,873 1,586 1,839 1,891 1,993
Net Debt 1 6,741 6,096 8,733 8,906 9,936 10,171 10,414 10,629
Reference price 2 374.56 280.19 305.00 299.44 259.50 311.70 311.70 311.70
Nbr of stocks (in thousands) 175,355 175,638 175,836 175,183 175,463 175,580 - -
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.($)
31.65x14.8x18.12x4.51% 30.75B
-57.91x3.29x13.97x4.91% 9.86B
27.95x11.23x17.78x5.22% 9.26B
44.75x8.9x14.15x5.27% 3.38B
15.72x9.06x15.44x4.64% 2.9B
12.88x10.17x16.5x5.48% 2.27B
66.1x9.63x18.74x4.81% 1.9B
10.12x9.44x17.13x5.15% 1.77B
Average 18.91x 9.57x 16.48x 5% 7.76B
Weighted average by Cap. 16.60x 11.37x 17.00x 4.79%

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