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 60,891 - -
Change - -25.07% 8.98% -2.19% -13.2% 33.73% - -
Enterprise Value (EV) 1 72,421 55,308 62,363 61,362 55,468 73,860 75,044 75,134
Change - -23.63% 12.76% -1.61% -9.61% 33.16% 1.6% 0.12%
P/E 37.9x 11.9x 27.6x 28.1x 28.8x 33.2x 33.3x 30.3x
PBR 7.04x 4.87x 5.35x 5.41x 4.92x 5.1x 5.48x 7.88x
PEG - 0x -0.5x -7.4x -1.9x 3.68x -101.24x 3.12x
Capitalization / Revenue 20.5x 11.8x 11.9x 11.2x 9.44x 12x 11.1x 10.8x
EV / Revenue 22.6x 13.2x 13.8x 13.1x 11.5x 14.5x 13.7x 13.3x
EV / EBITDA 30.3x 18.3x 19.1x 18.5x 16.4x 20.4x 18.9x 18x
EV / EBIT 43.1x 26x 27.2x 28.1x 24.8x 31.1x 30.1x 27.3x
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% 3.69% 3.78% 3.91%
EPS 2 9.87 23.5 11.06 10.64 9.01 9.823 9.791 10.74
Distribution rate 81.1% 90% 108% 113% 133% 122% 126% 119%
Net sales 1 3,204 4,182 4,518 4,696 4,824 5,092 5,489 5,664
EBITDA 1 2,394 3,015 3,263 3,315 3,388 3,625 3,973 4,177
EBIT 1 1,681 2,126 2,293 2,186 2,236 2,376 2,497 2,752
Net income 1 1,732 4,142 1,949 1,873 1,586 1,840 2,000 2,126
Net Debt 1 6,741 6,096 8,733 8,906 9,936 12,969 14,154 14,243
Reference price 2 374.56 280.19 305.00 299.44 259.50 325.93 325.93 325.93
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
33.18x14.5x20.37x3.69% 60.89B
31.64x14.74x17.86x4.39% 31.25B
-59.38x3.18x13.41x5.13% 9.51B
26.43x11.32x17.92x5.14% 9.34B
14x8.98x15.71x4.84% 2.83B
13.55x10.59x17.04x5.23% 2.41B
57.23x9.56x18.08x4.7% 1.89B
10.52x9.65x17.5x4.96% 1.87B
16.54x11.46x22.04x5.33% 1.08B
Average 15.97x 10.44x 17.77x 4.82% 13.45B
Weighted average by Cap. 24.03x 13.04x 18.75x 4.2%

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