PUBLIC STORAGE (PSA) Stock Fundamental Analysis
NYSE:PSA • US74460D1090
293.84 USD
+1.51 (+0.52%)
At close: Feb 11, 2026
293 USD
-0.84 (-0.29%)
Pre-Market: 2/12/2026, 8:00:00 AM
Taking everything into account, PSA scores 5 out of 10 in our fundamental rating. PSA was compared to 28 industry peers in the Specialized REITs industry. While PSA has a great profitability rating, there are some minor concerns on its financial health. PSA does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
- PSA had positive earnings in the past year.
- In the past year PSA had a positive cash flow from operations.
- Each year in the past 5 years PSA has been profitable.
- Each year in the past 5 years PSA had a positive operating cash flow.
1.2 Ratios
- With an excellent Return On Assets value of 8.42%, PSA belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 18.18%, PSA belongs to the top of the industry, outperforming 89.29% of the companies in the same industry.
- PSA has a better Return On Invested Capital (9.25%) than 92.86% of its industry peers.
- PSA had an Average Return On Invested Capital over the past 3 years of 9.80%. This is above the industry average of 5.06%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.42% | ||
| ROE | 18.18% | ||
| ROIC | 9.25% |
ROA(3y)14.31%
ROA(5y)12.44%
ROE(3y)26.62%
ROE(5y)22.25%
ROIC(3y)9.8%
ROIC(5y)9.42%
1.3 Margins
- PSA has a better Profit Margin (35.38%) than 82.14% of its industry peers.
- In the last couple of years the Profit Margin of PSA has declined.
- PSA's Operating Margin of 46.91% is fine compared to the rest of the industry. PSA outperforms 75.00% of its industry peers.
- PSA's Operating Margin has declined in the last couple of years.
- PSA has a Gross Margin of 73.01%. This is comparable to the rest of the industry: PSA outperforms 53.57% of its industry peers.
- PSA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 46.91% | ||
| PM (TTM) | 35.38% | ||
| GM | 73.01% |
OM growth 3Y-1.72%
OM growth 5Y-1.92%
PM growth 3Y-7.7%
PM growth 5Y-2.2%
GM growth 3Y0.07%
GM growth 5Y0.47%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PSA is creating some value.
- Compared to 1 year ago, PSA has about the same amount of shares outstanding.
- Compared to 5 years ago, PSA has more shares outstanding
- The debt/assets ratio for PSA is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 3.35 indicates that PSA is not in any danger for bankruptcy at the moment.
- PSA's Altman-Z score of 3.35 is amongst the best of the industry. PSA outperforms 96.43% of its industry peers.
- PSA has a debt to FCF ratio of 6.37. This is a slightly negative value and a sign of low solvency as PSA would need 6.37 years to pay back of all of its debts.
- The Debt to FCF ratio of PSA (6.37) is better than 85.71% of its industry peers.
- PSA has a Debt/Equity ratio of 1.05. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 1.05, PSA is in the better half of the industry, outperforming 60.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | 6.37 | ||
| Altman-Z | 3.35 |
ROIC/WACC1.18
WACC7.81%
2.3 Liquidity
- A Current Ratio of 0.31 indicates that PSA may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.31, PSA is doing worse than 78.57% of the companies in the same industry.
- PSA has a Quick Ratio of 0.31. 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 Quick ratio of 0.31 is on the low side compared to the rest of the industry. PSA is outperformed by 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.31 | ||
| Quick Ratio | 0.31 |
3. Growth
3.1 Past
- PSA shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by 0.00%.
- PSA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.84% yearly.
- Looking at the last year, PSA shows a small growth in Revenue. The Revenue has grown by 2.30% in the last year.
- The Revenue has been growing by 10.46% on average over the past years. This is quite good.
EPS 1Y (TTM)0%
EPS 3Y2.5%
EPS 5Y7.84%
EPS Q2Q%21.3%
Revenue 1Y (TTM)2.3%
Revenue growth 3Y11.19%
Revenue growth 5Y10.46%
Sales Q2Q%3.05%
3.2 Future
- PSA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.31% yearly.
- Based on estimates for the next years, PSA will show a small growth in Revenue. The Revenue will grow by 3.32% on average per year.
EPS Next Y-14.49%
EPS Next 2Y-1.55%
EPS Next 3Y0.45%
EPS Next 5Y4.31%
Revenue Next Year2.13%
Revenue Next 2Y2.46%
Revenue Next 3Y3.04%
Revenue Next 5Y3.32%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 30.51, the valuation of PSA can be described as expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of PSA indicates a somewhat cheap valuation: PSA is cheaper than 67.86% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 28.18, PSA is valued at the same level.
- A Price/Forward Earnings ratio of 28.52 indicates a quite expensive valuation of PSA.
- PSA's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PSA is cheaper than 60.71% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of PSA to the average of the S&P500 Index (28.01), we can say PSA is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.51 | ||
| Fwd PE | 28.52 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as PSA.
- PSA's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.72 | ||
| EV/EBITDA | 18.13 |
4.3 Compensation for Growth
- PSA has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3.89
EPS Next 2Y-1.55%
EPS Next 3Y0.45%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.24%, PSA is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 5.47, PSA is paying slightly less dividend.
- PSA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.24% |
5.2 History
- The dividend of PSA is nicely growing with an annual growth rate of 7.24%!
- PSA has paid a dividend for at least 10 years, which is a reliable track record.
- The dividend of PSA decreased recently.
Dividend Growth(5Y)7.24%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
- PSA pays out 136.04% of its income as dividend. This is not a sustainable payout ratio.
- The dividend of PSA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP136.04%
EPS Next 2Y-1.55%
EPS Next 3Y0.45%
293.84
+1.51 (+0.52%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)10-29 2025-10-29/amc
Earnings (Next)02-12 2026-02-12/amc
Inst Owners82.51%
Inst Owner Change-1.77%
Ins Owners10.1%
Ins Owner Change0.19%
Market Cap51.56B
Revenue(TTM)4.79B
Net Income(TTM)1.69B
Analysts76.15
Price Target317.04 (7.9%)
Short Float %2.5%
Short Ratio3.27
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.24% |
Yearly Dividend13.11
Dividend Growth(5Y)7.24%
DP136.04%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-14.69%
Min EPS beat(2)-31.86%
Max EPS beat(2)2.48%
EPS beat(4)2
Avg EPS beat(4)-5.33%
Min EPS beat(4)-31.86%
Max EPS beat(4)23.73%
EPS beat(8)4
Avg EPS beat(8)-6.69%
EPS beat(12)6
Avg EPS beat(12)-5.35%
EPS beat(16)10
Avg EPS beat(16)2.83%
Revenue beat(2)2
Avg Revenue beat(2)0.13%
Min Revenue beat(2)0.09%
Max Revenue beat(2)0.17%
Revenue beat(4)3
Avg Revenue beat(4)-0.09%
Min Revenue beat(4)-0.72%
Max Revenue beat(4)0.17%
Revenue beat(8)4
Avg Revenue beat(8)-0.35%
Revenue beat(12)5
Avg Revenue beat(12)-0.36%
Revenue beat(16)8
Avg Revenue beat(16)-0.26%
PT rev (1m)-3.28%
PT rev (3m)-4.53%
EPS NQ rev (1m)-0.6%
EPS NQ rev (3m)-0.79%
EPS NY rev (1m)-1.19%
EPS NY rev (3m)-1.07%
Revenue NQ rev (1m)-0.25%
Revenue NQ rev (3m)-0.08%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)0.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.51 | ||
| Fwd PE | 28.52 | ||
| P/S | 10.77 | ||
| P/FCF | 32.72 | ||
| P/OCF | 16 | ||
| P/B | 5.54 | ||
| P/tB | 5.7 | ||
| EV/EBITDA | 18.13 |
EPS(TTM)9.63
EY3.28%
EPS(NY)10.3
Fwd EY3.51%
FCF(TTM)8.98
FCFY3.06%
OCF(TTM)18.36
OCFY6.25%
SpS27.28
BVpS53.07
TBVpS51.54
PEG (NY)N/A
PEG (5Y)3.89
Graham Number107.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.42% | ||
| ROE | 18.18% | ||
| ROCE | 11.71% | ||
| ROIC | 9.25% | ||
| ROICexc | 9.4% | ||
| ROICexgc | 9.69% | ||
| OM | 46.91% | ||
| PM (TTM) | 35.38% | ||
| GM | 73.01% | ||
| FCFM | 32.92% |
ROA(3y)14.31%
ROA(5y)12.44%
ROE(3y)26.62%
ROE(5y)22.25%
ROIC(3y)9.8%
ROIC(5y)9.42%
ROICexc(3y)10.11%
ROICexc(5y)9.73%
ROICexgc(3y)10.44%
ROICexgc(5y)10.05%
ROCE(3y)12.41%
ROCE(5y)11.93%
ROICexgc growth 3Y5.27%
ROICexgc growth 5Y-2.78%
ROICexc growth 3Y5.3%
ROICexc growth 5Y-2.67%
OM growth 3Y-1.72%
OM growth 5Y-1.92%
PM growth 3Y-7.7%
PM growth 5Y-2.2%
GM growth 3Y0.07%
GM growth 5Y0.47%
F-Score4
Asset Turnover0.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | 6.37 | ||
| Debt/EBITDA | 2.89 | ||
| Cap/Depr | 144.74% | ||
| Cap/Sales | 34.39% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 95.25% | ||
| Profit Quality | 93.06% | ||
| Current Ratio | 0.31 | ||
| Quick Ratio | 0.31 | ||
| Altman-Z | 3.35 |
F-Score4
WACC7.81%
ROIC/WACC1.18
Cap/Depr(3y)132.03%
Cap/Depr(5y)277.82%
Cap/Sales(3y)28.99%
Cap/Sales(5y)58.08%
Profit Quality(3y)83.71%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0%
EPS 3Y2.5%
EPS 5Y7.84%
EPS Q2Q%21.3%
EPS Next Y-14.49%
EPS Next 2Y-1.55%
EPS Next 3Y0.45%
EPS Next 5Y4.31%
Revenue 1Y (TTM)2.3%
Revenue growth 3Y11.19%
Revenue growth 5Y10.46%
Sales Q2Q%3.05%
Revenue Next Year2.13%
Revenue Next 2Y2.46%
Revenue Next 3Y3.04%
Revenue Next 5Y3.32%
EBIT growth 1Y0.74%
EBIT growth 3Y9.28%
EBIT growth 5Y8.34%
EBIT Next Year43.29%
EBIT Next 3Y15.04%
EBIT Next 5Y10.85%
FCF growth 1Y-16.43%
FCF growth 3YN/A
FCF growth 5Y12.79%
OCF growth 1Y0.95%
OCF growth 3Y7.14%
OCF growth 5Y8.63%
PUBLIC STORAGE / PSA 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.
What is the profitability of PSA stock?
PUBLIC STORAGE (PSA) has a profitability rating of 7 / 10.
What is the valuation of PUBLIC STORAGE based on its PE and PB ratios?
The Price/Earnings (PE) ratio for PUBLIC STORAGE (PSA) is 30.51 and the Price/Book (PB) ratio is 5.54.
Is the dividend of PUBLIC STORAGE sustainable?
The dividend rating of PUBLIC STORAGE (PSA) is 5 / 10 and the dividend payout ratio is 136.04%.