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 56,956 - -
Change - -25.07% 8.98% -2.19% -13.2% 25.09% - -
Enterprise Value (EV) 1 72,421 55,308 62,363 61,362 55,468 67,130 67,781 67,833
Change - -23.63% 12.76% -1.61% -9.61% 21.02% 0.97% 0.08%
P/E 37.9x 11.9x 27.6x 28.1x 28.8x 31x 31.7x 29.5x
PBR 7.04x 4.87x 5.35x 5.41x 4.92x 12.4x 13.4x 14.2x
PEG - 0x -0.5x -7.4x -1.9x 1.9x -14.7x 3.86x
Capitalization / Revenue 20.5x 11.8x 11.9x 11.2x 9.44x 11.4x 10.6x 10.5x
EV / Revenue 22.6x 13.2x 13.8x 13.1x 11.5x 13.4x 12.6x 12.5x
EV / EBITDA 30.3x 18.3x 19.1x 18.5x 16.4x 19x 18x 17.7x
EV / EBIT 43.1x 26x 27.2x 28.1x 24.8x 29.7x 28.6x 27x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 8 21.15 12 12 12 12.02 12.27 12.6
Rate of return 2.14% 7.55% 3.93% 4.01% 4.62% 3.71% 3.78% 3.88%
EPS 2 9.87 23.5 11.06 10.64 9.01 10.46 10.23 11.01
Distribution rate 81.1% 90% 108% 113% 133% 115% 120% 114%
Net sales 1 3,204 4,182 4,518 4,696 4,824 5,013 5,373 5,438
EBITDA 1 2,394 3,015 3,263 3,315 3,388 3,536 3,761 3,833
EBIT 1 1,681 2,126 2,293 2,186 2,236 2,261 2,369 2,514
Net income 1 1,732 4,142 1,949 1,873 1,586 1,847 1,918 1,988
Net Debt 1 6,741 6,096 8,733 8,906 9,936 10,174 10,825 10,876
Reference price 2 374.56 280.19 305.00 299.44 259.50 324.39 324.39 324.39
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
32.32x15.06x18.44x4.4% 31.52B
-58.51x3.32x14.12x4.85% 10.01B
28.2x11.32x17.87x5.17% 9.34B
55.74x8.86x13.85x5.03% 3.51B
9.9x9.16x15.55x4.55% 2.97B
12.82x10.7x17.18x5.18% 2.38B
64.33x9.95x18.66x4.94% 1.85B
10x9.57x16.89x5.06% 1.79B
19.52x12.6x24.33x4.51% 1.24B
Average 19.37x 10.06x 17.43x 4.85% 7.18B
Weighted average by Cap. 17.23x 11.59x 17.34x 4.68%

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