Extra Space Storage, Inc. (EXR) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages more than 4,200 self-storage properties in 43 states, with over 330 million net rentable squa...
Extra Space Storage, Inc. (EXR) currently trades at a P/E ratio of 30.79 (historical range: 20.21–50.17, median: 32.11), placing it at the 41th percentile — near its historical average, P/S ratio of 8.56 (range: 7.05–21.12, 9th percentile — cheap relative to its history), EV/EBITDA of 29.85 (range: 29.38–33.76, 13th percentile).
Over the historical period (2021-09-14 to 2026-10-16), Extra Space Storage, Inc.'s P/E ratio has expanded by 22% over the observed period (from an average of 29.4 to 36.0).
Extra Space Storage, Inc. trades well below its historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 30.79 | 32.11 | 41th | near its historical average |
| P/S Ratio | 8.56 | 10.67 | 9th | cheap relative to its history |
| EV/EBITDA | 29.85 | 31.65 | 13th | cheap relative to its history |
Extra Space Storage, Inc. (EXR) Valuation & P/E History
Extra Space Storage, Inc. (EXR) is a US-listed stock operating in the Real Estate sector, specifically the Real Estate Investment Trusts industry currently trading at $139.75 with a market capitalization of $29.5 billion. This page provides historical valuation analysis for EXR based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 30.79 is below the historical median of 32.11, placing EXR at the 41th percentile of its valuation range. The P/S ratio of 8.56 compares to a median of 10.67.
EXR Valuation Metrics & Historical Range
The valuation table above shows Extra Space Storage, Inc.'s current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether EXR is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests EXR is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Extra Space Storage, Inc..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is EXR Overvalued or Undervalued?
Extra Space Storage, Inc. trades well below its historical valuation range across most metrics. The overall valuation percentile of 21 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive EXR is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full EXR analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.EXR trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.