PUBLIC STORAGE (PSA) Fundamental Analysis & Valuation

NYSE:PSA • US74460D1090

Current stock price

304 USD
+7.77 (+2.62%)
At close:
301.438 USD
-2.56 (-0.84%)
After Hours:

This PSA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. PSA Profitability Analysis

1.1 Basic Checks

  • In the past year PSA was profitable.
  • PSA had a positive operating cash flow in the past year.
  • PSA had positive earnings in each of the past 5 years.
  • PSA had a positive operating cash flow in each of the past 5 years.
PSA Yearly Net Income VS EBIT VS OCF VS FCFPSA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B

1.2 Ratios

  • PSA has a better Return On Assets (7.85%) than 89.29% of its industry peers.
  • With an excellent Return On Equity value of 17.14%, PSA belongs to the best of the industry, outperforming 82.14% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 9.66%, PSA belongs to the top of the industry, outperforming 96.43% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for PSA is above the industry average of 5.10%.
Industry RankSector Rank
ROA 7.85%
ROE 17.14%
ROIC 9.66%
ROA(3y)9.05%
ROA(5y)12.15%
ROE(3y)18.63%
ROE(5y)23.11%
ROIC(3y)9.67%
ROIC(5y)9.39%
PSA Yearly ROA, ROE, ROICPSA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • With a decent Profit Margin value of 32.87%, PSA is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • PSA's Profit Margin has declined in the last couple of years.
  • The Operating Margin of PSA (46.76%) is better than 75.00% of its industry peers.
  • PSA's Operating Margin has been stable in the last couple of years.
  • PSA's Gross Margin of 72.85% is fine compared to the rest of the industry. PSA outperforms 64.29% of its industry peers.
  • In the last couple of years the Gross Margin of PSA has remained more or less at the same level.
Industry RankSector Rank
OM 46.76%
PM (TTM) 32.87%
GM 72.85%
OM growth 3Y-3.4%
OM growth 5Y-0.83%
PM growth 3Y-30.77%
PM growth 5Y-2.69%
GM growth 3Y-0.89%
GM growth 5Y0.73%
PSA Yearly Profit, Operating, Gross MarginsPSA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. PSA Health Analysis

2.1 Basic Checks

  • PSA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, PSA has about the same amount of shares outstanding.
  • The number of shares outstanding for PSA has been increased compared to 5 years ago.
  • Compared to 1 year ago, PSA has a worse debt to assets ratio.
PSA Yearly Shares OutstandingPSA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
PSA Yearly Total Debt VS Total AssetsPSA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

  • PSA has an Altman-Z score of 3.28. This indicates that PSA is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of PSA (3.28) is better than 92.86% of its industry peers.
  • The Debt to FCF ratio of PSA is 6.31, which is on the high side as it means it would take PSA, 6.31 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of PSA (6.31) is better than 89.29% of its industry peers.
  • PSA has a Debt/Equity ratio of 0.98. This is a neutral value indicating PSA is somewhat dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.98, PSA is doing good in the industry, outperforming 60.71% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF 6.31
Altman-Z 3.28
ROIC/WACC1.22
WACC7.89%
PSA Yearly LT Debt VS Equity VS FCFPSA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B 8B 10B

2.3 Liquidity

  • PSA has a Current Ratio of 0.18. This is a bad value and indicates that PSA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • PSA's Current ratio of 0.18 is on the low side compared to the rest of the industry. PSA is outperformed by 85.71% of its industry peers.
  • PSA has a Quick Ratio of 0.18. This is a bad value and indicates that PSA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • PSA has a Quick ratio of 0.18. This is amonst the worse of the industry: PSA underperforms 85.71% of its industry peers.
Industry RankSector Rank
Current Ratio 0.18
Quick Ratio 0.18
PSA Yearly Current Assets VS Current LiabilitesPSA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. PSA Growth Analysis

3.1 Past

  • PSA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -15.15%.
  • The Earnings Per Share has been growing slightly by 7.51% on average over the past years.
  • Looking at the last year, PSA shows a small growth in Revenue. The Revenue has grown by 2.74% in the last year.
  • Measured over the past years, PSA shows a quite strong growth in Revenue. The Revenue has been growing by 10.60% on average per year.
EPS 1Y (TTM)-15.15%
EPS 3Y-7.54%
EPS 5Y7.51%
EPS Q2Q%-19%
Revenue 1Y (TTM)2.74%
Revenue growth 3Y4.88%
Revenue growth 5Y10.6%
Sales Q2Q%3.26%

3.2 Future

  • Based on estimates for the next years, PSA will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.64% on average per year.
  • Based on estimates for the next years, PSA will show a small growth in Revenue. The Revenue will grow by 3.60% on average per year.
EPS Next Y12.73%
EPS Next 2Y8.34%
EPS Next 3Y8.86%
EPS Next 5Y8.64%
Revenue Next Year3.01%
Revenue Next 2Y4.03%
Revenue Next 3Y5.81%
Revenue Next 5Y3.6%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
PSA Yearly Revenue VS EstimatesPSA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B
PSA Yearly EPS VS EstimatesPSA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15 20

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Find the best growth stocksShow best growing peers

3

4. PSA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 33.70, the valuation of PSA can be described as expensive.
  • PSA's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of PSA to the average of the S&P500 Index (27.34), we can say PSA is valued slightly more expensively.
  • PSA is valuated quite expensively with a Price/Forward Earnings ratio of 29.90.
  • Based on the Price/Forward Earnings ratio, PSA is valued a bit cheaper than the industry average as 64.29% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 38.18, PSA is valued a bit cheaper.
Industry RankSector Rank
PE 33.7
Fwd PE 29.9
PSA Price Earnings VS Forward Price EarningsPSA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • PSA's Enterprise Value to EBITDA is on the same level as the industry average.
  • PSA's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 32.85
EV/EBITDA 18.18
PSA Per share dataPSA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The decent profitability rating of PSA may justify a higher PE ratio.
PEG (NY)2.65
PEG (5Y)4.49
EPS Next 2Y8.34%
EPS Next 3Y8.86%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. PSA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.09%, PSA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.33, PSA has a dividend in line with its industry peers.
  • PSA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.09%

5.2 History

  • On average, the dividend of PSA grows each year by 7.36%, which is quite nice.
  • PSA has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of PSA decreased in the last 3 years.
Dividend Growth(5Y)7.36%
Div Incr Years0
Div Non Decr Years2
PSA Yearly Dividends per sharePSA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 5 10 15 20

5.3 Sustainability

  • PSA pays out 145.27% of its income as dividend. This is not a sustainable payout ratio.
  • PSA's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP145.27%
EPS Next 2Y8.34%
EPS Next 3Y8.86%
PSA Yearly Income VS Free CF VS DividendPSA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B
PSA Dividend Payout.PSA Dividend Payout, showing the Payout Ratio.PSA Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

PSA Fundamentals: All Metrics, Ratios and Statistics

PUBLIC STORAGE

NYSE:PSA (4/14/2026, 8:04:00 PM)

After market: 301.438 -2.56 (-0.84%)

304

+7.77 (+2.62%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners83.21%
Inst Owner Change0.01%
Ins Owners9.89%
Ins Owner Change0.12%
Market Cap53.36B
Revenue(TTM)4.82B
Net Income(TTM)1.59B
Analysts71.3
Price Target319.84 (5.21%)
Short Float %4.3%
Short Ratio5.43
Dividend
Industry RankSector Rank
Dividend Yield 4.09%
Yearly Dividend13.13
Dividend Growth(5Y)7.36%
DP145.27%
Div Incr Years0
Div Non Decr Years2
Ex-Date03-16
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.73%
Min EPS beat(2)2.48%
Max EPS beat(2)2.97%
EPS beat(4)2
Avg EPS beat(4)-10.52%
Min EPS beat(4)-31.86%
Max EPS beat(4)2.97%
EPS beat(8)5
Avg EPS beat(8)-3.85%
EPS beat(12)7
Avg EPS beat(12)-3.18%
EPS beat(16)10
Avg EPS beat(16)0.24%
Revenue beat(2)1
Avg Revenue beat(2)-0.37%
Min Revenue beat(2)-0.91%
Max Revenue beat(2)0.17%
Revenue beat(4)3
Avg Revenue beat(4)-0.14%
Min Revenue beat(4)-0.91%
Max Revenue beat(4)0.17%
Revenue beat(8)3
Avg Revenue beat(8)-0.47%
Revenue beat(12)5
Avg Revenue beat(12)-0.41%
Revenue beat(16)7
Avg Revenue beat(16)-0.34%
PT rev (1m)1.77%
PT rev (3m)-2.43%
EPS NQ rev (1m)-1.09%
EPS NQ rev (3m)-2.93%
EPS NY rev (1m)-1.31%
EPS NY rev (3m)-3.12%
Revenue NQ rev (1m)-0.16%
Revenue NQ rev (3m)0.57%
Revenue NY rev (1m)0.61%
Revenue NY rev (3m)-0.3%
Valuation
Industry RankSector Rank
PE 33.7
Fwd PE 29.9
P/S 11.06
P/FCF 32.85
P/OCF 16.75
P/B 5.77
P/tB 5.93
EV/EBITDA 18.18
EPS(TTM)9.02
EY2.97%
EPS(NY)10.17
Fwd EY3.34%
FCF(TTM)9.25
FCFY3.04%
OCF(TTM)18.15
OCFY5.97%
SpS27.48
BVpS52.68
TBVpS51.25
PEG (NY)2.65
PEG (5Y)4.49
Graham Number103.4
Profitability
Industry RankSector Rank
ROA 7.85%
ROE 17.14%
ROCE 12.23%
ROIC 9.66%
ROICexc 9.83%
ROICexgc 10.14%
OM 46.76%
PM (TTM) 32.87%
GM 72.85%
FCFM 33.67%
ROA(3y)9.05%
ROA(5y)12.15%
ROE(3y)18.63%
ROE(5y)23.11%
ROIC(3y)9.67%
ROIC(5y)9.39%
ROICexc(3y)9.87%
ROICexc(5y)9.68%
ROICexgc(3y)10.21%
ROICexgc(5y)10%
ROCE(3y)12.24%
ROCE(5y)11.89%
ROICexgc growth 3Y-2.22%
ROICexgc growth 5Y-0.52%
ROICexc growth 3Y-2.29%
ROICexc growth 5Y-0.46%
OM growth 3Y-3.4%
OM growth 5Y-0.83%
PM growth 3Y-30.77%
PM growth 5Y-2.69%
GM growth 3Y-0.89%
GM growth 5Y0.73%
F-Score4
Asset Turnover0.24
Health
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF 6.31
Debt/EBITDA 2.67
Cap/Depr 135.61%
Cap/Sales 32.38%
Interest Coverage 8.26
Cash Conversion 93.51%
Profit Quality 102.45%
Current Ratio 0.18
Quick Ratio 0.18
Altman-Z 3.28
F-Score4
WACC7.89%
ROIC/WACC1.22
Cap/Depr(3y)119.76%
Cap/Depr(5y)263.31%
Cap/Sales(3y)27.58%
Cap/Sales(5y)56.65%
Profit Quality(3y)105.1%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-15.15%
EPS 3Y-7.54%
EPS 5Y7.51%
EPS Q2Q%-19%
EPS Next Y12.73%
EPS Next 2Y8.34%
EPS Next 3Y8.86%
EPS Next 5Y8.64%
Revenue 1Y (TTM)2.74%
Revenue growth 3Y4.88%
Revenue growth 5Y10.6%
Sales Q2Q%3.26%
Revenue Next Year3.01%
Revenue Next 2Y4.03%
Revenue Next 3Y5.81%
Revenue Next 5Y3.6%
EBIT growth 1Y2.47%
EBIT growth 3Y1.31%
EBIT growth 5Y9.68%
EBIT Next Year55.02%
EBIT Next 3Y18.44%
EBIT Next 5Y12.99%
FCF growth 1Y-23.15%
FCF growth 3Y0.8%
FCF growth 5Y12.76%
OCF growth 1Y1.86%
OCF growth 3Y0.74%
OCF growth 5Y9.3%

PUBLIC STORAGE / PSA Fundamental Analysis FAQ

What is the ChartMill fundamental rating of PUBLIC STORAGE (PSA) stock?

ChartMill assigns a fundamental rating of 5 / 10 to PSA.


What is the valuation status for PSA stock?

ChartMill assigns a valuation rating of 3 / 10 to PUBLIC STORAGE (PSA). This can be considered as Overvalued.


How profitable is PUBLIC STORAGE (PSA) stock?

PUBLIC STORAGE (PSA) has a profitability rating of 7 / 10.


What are the PE and PB ratios of PUBLIC STORAGE (PSA) stock?

The Price/Earnings (PE) ratio for PUBLIC STORAGE (PSA) is 33.7 and the Price/Book (PB) ratio is 5.77.


How financially healthy is PUBLIC STORAGE?

The financial health rating of PUBLIC STORAGE (PSA) is 4 / 10.