Public Storage (PSA) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
Public Storage is the largest owner of self-storage facilities in the US, with more than 3,500 self-storage facilities in 40 states and approximately 258 million square feet of rentable space. Thro...
Public Storage (PSA) currently trades at a P/E ratio of 27.27 (historical range: 10.49–41.31, median: 26.49), placing it at the 59th percentile — near its historical average, P/S ratio of 11.40 (range: 9.43–21.41, 46th percentile — near its historical average), EV/EBITDA of 33.60 (range: 23.53–74.82, 68th percentile).
Over the historical period (2021-09-14 to 2026-10-16), Public Storage's P/E ratio has expanded by 23% over the observed period (from an average of 22.2 to 27.2).
Public Storage trades above its historical valuation range, with most metrics above their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 27.27 | 26.49 | 59th | near its historical average |
| P/S Ratio | 11.40 | 11.54 | 46th | near its historical average |
| EV/EBITDA | 33.60 | 31.16 | 68th | above its historical average |
| FCF Yield | 5.44% | 5.63% | 0th | expensive relative to its history |
Public Storage (PSA) Valuation & P/E History
Public Storage (PSA) is a US-listed stock operating in the Real Estate sector, specifically the Real Estate Investment Trusts industry currently trading at $298.17 with a market capitalization of $55.7 billion. This page provides historical valuation analysis for PSA based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 27.27 is above the historical median of 26.49, placing PSA at the 59th percentile of its valuation range. The P/S ratio of 11.40 compares to a median of 11.54.
PSA Valuation Metrics & Historical Range
The valuation table above shows Public Storage'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 PSA 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 PSA 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 Public Storage.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is PSA Overvalued or Undervalued?
Public Storage trades above its historical valuation range, with most metrics above their median levels. The overall valuation percentile of 58 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive PSA 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 PSA analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.PSA trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.