As of May 1, 2024, the CUBE stock has a PE ratio of 22.54. The calculation is based on the latest EPS of $1.81 and the stock price of $40.8 per share. A decrease of 9% has been observed in the PE ratio compared to its average of 24.8 of the last four quarters.
The mean historical PE ratio of CubeSmart over the last ten years is 51.35. The current 22.54 P/E ratio is 56% lower than the historical average. Looking back at the last ten years, CUBE's PE ratio peaked in the Dec 2014 quarter at 157.64, with a price of $22.07 and an EPS of $0.14. The Sep 2023 quarter marked the lowest point at 22.7, with a price of $38.13 and an EPS of $1.68.
Maximum annual increase: 157.12% in 2014
Maximum annual decrease: -54.83% in 2015
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 25.47 | -18.37% |
| 2022 | 31.2 | -39.7% |
| 2021 | 51.74 | 30.85% |
| 2020 | 39.54 | 11.79% |
| 2019 | 35.37 | 9.71% |
| 2018 | 32.24 | -17.5% |
| 2017 | 39.08 | -34.31% |
| 2016 | 59.49 | -16.46% |
| 2015 | 71.21 | -54.83% |
| 2014 | 157.64 | 157.12% |
The current PE ratio of CUBE is lower than its 3, 5 and 10-year averages.
In comparison to its peers COR and PSA, CUBE's PE ratio is lower, but it is higher than SHO's. CubeSmart's PE ratio is trading above the peer average of 21.69.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SHO Sunstone Hotel Investors Inc | 10.85 | $2.05B |
| CUBE CubeSmart | 22.86 | $9.31B |
| PSA Public Storage | 23.9 | $46.42B |
| COR Cencora Inc. | 24.44 | $45.04B |
| CCI Crown Castle International Corp | 29.94 | $41.76B |
CUBE stock has a price to earnings ratio of 22.54 as of May 1, 2024.
The 3-year average price to earnings ratio for CUBE stock is 36.04.
The 5-year average price to earnings ratio for CUBE stock is 36.19.
Over the last ten years, the Dec 2014 quarter recorded the highest quarterly PE ratio at 157.64.
CUBE's current price to earnings ratio is 56% below its 10-year historical average.
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (May 1, 2024), CubeSmart's share price is $40.8. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $1.81. Therefore, CubeSmart's PE ratio for today is 22.54. PE RATIO(22.54) = STOCK PRICE($40.8) / TTM EPS($1.81)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.