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 60,452 - -
Change - -25.07% 8.98% -2.19% -13.2% 32.77% - -
Enterprise Value (EV) 1 72,421 55,308 62,363 61,362 55,468 70,660 74,141 73,993
Change - -23.63% 12.76% -1.61% -9.61% 27.39% 4.93% -0.2%
P/E 37.9x 11.9x 27.6x 28.1x 28.8x 32.9x 33x 30.1x
PBR 7.04x 4.87x 5.35x 5.41x 4.92x 5.06x 5.44x 7.82x
PEG - 0x -0.5x -7.4x -1.9x 3.65x -100.33x 3.1x
Capitalization / Revenue 20.5x 11.8x 11.9x 11.2x 9.44x 11.9x 11.1x 10.9x
EV / Revenue 22.6x 13.2x 13.8x 13.1x 11.5x 13.9x 13.6x 13.3x
EV / EBITDA 30.3x 18.3x 19.1x 18.5x 16.4x 19.5x 18.7x 17.7x
EV / EBIT 43.1x 26x 27.2x 28.1x 24.8x 29.7x 29.7x 26.9x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 8 21.15 12 12 12 12.01 12.31 12.71
Rate of return 2.14% 7.55% 3.93% 4.01% 4.62% 3.71% 3.8% 3.93%
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% 118%
Net sales 1 3,204 4,182 4,518 4,696 4,824 5,067 5,445 5,563
EBITDA 1 2,394 3,015 3,263 3,315 3,388 3,625 3,970 4,174
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 1,832 1,996 2,122
Net Debt 1 6,741 6,096 8,733 8,906 9,936 10,208 13,690 13,542
Reference price 2 374.56 280.19 305.00 299.44 259.50 323.58 323.58 323.58
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.($)
32.94x13.95x19.49x3.71% 60.45B
31.4x14.57x17.68x4.42% 31.01B
-64.33x3.16x13.36x5.16% 9.45B
27.05x11.24x17.9x5.17% 9.28B
14.84x8.7x14.87x4.91% 2.78B
13.38x10.49x16.88x5.3% 2.37B
56.5x9.49x17.94x4.76% 1.87B
10.32x9.54x17.31x5.06% 1.82B
18.1x12.06x23.19x4.86% 1.18B
Average 15.58x 10.35x 17.62x 4.82% 13.36B
Weighted average by Cap. 23.51x 12.71x 18.24x 4.23%

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