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EXR Extra Space Storage PE ratio, current and historical analysis

The current PE ratio for Extra Space Storage stock as of Feb 23, 2024 is 25.75. This is calculated based on the current EPS of $5.44 and the stock price of $140.06 per share. The P/E ratio has an increase of 8% from the past four quarters average of 23.8.

EXR PE ratio history

How has EXR's PE ratio performed in the past

The average historical PE ratio of Extra Space Storage for the last ten years is 31.4. The current PE ratio of 25.75 is 18% below the historical average. Over the past ten years, EXR's PE ratio was at its highest in the Dec 2015 quarter at 55.83, when the stock price was $88.21 and the EPS was $1.58. The lowest value was in the Sep 2018 quarter, when it reached 20.73 with a price of $86.64 and an EPS of $4.18.

Average
31.4
Median
30.7
Minimum
20.73
Maximum
55.83

Extra Space Storage PE ratio by year

Maximum annual increase: 46.61% in 2015

Maximum annual decrease: -52.62% in 2016

Year PE ratio Change
2022 22.96 -37.22%
2021 36.57 17.1%
2020 31.23 -3.31%
2019 32.3 17.45%
2018 27.5 19.2%
2017 23.07 -12.78%
2016 26.45 -52.62%
2015 55.83 46.61%
2014 38.08 39.18%
2013 27.36 -13.53%

EXR average PE ratio chart

What is the average PE ratio of EXR for the past years

EXR's current P/E ratio is below the 3, 5 and 10-year averages.

3-year avg
28.21
5-year avg
29.46
10-year avg
31.4
15-year avg
35.42

EXR PE vs peers

What is EXR's PE ratio compared to its peers

EXR's PE ratio is lower than its peer stocks ELS and SP, but it is greater than UHAL's and GEO's. Extra Space Storage is presently trading at a higher PE ratio (25.75) than its peer group average of 24.5.

Stock name PE ratio Market cap
GEO Geo Group Inc 13.84 $1.48B
UHAL Amerco 15.63 $12.72B
EXR Extra Space Storage Inc 25.75 $29.59B
SP SP Plus Corp 28.97 $1.01B
ELS Equity Lifestyle Properties Inc 39.54 $12.46B

Frequently asked questions

What is Extra Space Storage's PE ratio?

As of Feb 23, 2024, EXR stock has a price to earnings ratio of 25.75.

What is the 3-year average PE ratio for Extra Space Storage (EXR)?

The 3-year average PE ratio for EXR stock is 28.21.

What is the 5-year average PE ratio for Extra Space Storage (EXR)?

The 5-year average PE ratio for EXR stock is 29.46.

What is the highest PE ratio for EXR?

Over the last ten years, the quarterly PE ratio reached a historic high of 55.83 in the Dec 2015 quarter.

How does the current PE ratio for EXR compare to its historical average?

The current price to earnings ratio of EXR is 18% lower than the 10-year historical average.

How is EXR's PE ratio calculated (Extra Space Storage PE ratio formula)?

The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Feb 23, 2024), Extra Space Storage's stock price is $140.06. The earnings per share for the trailing twelve months (TTM) ending Sep 2023 is $5.44. Therefore, Extra Space Storage's P/E ratio for today is 25.75. PE RATIO(25.75) = STOCK PRICE($140.06) / TTM EPS($5.44)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.