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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 Jul 26, 2024 is 37.16. This is calculated based on the current EPS of $4.43 and the stock price of $164.61 per share. The P/E ratio has an increase of 31% from the past four quarters average of 28.4.

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 31.48. The current PE ratio of 37.16 is 18% above 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
31.48
Median
30.7
Minimum
20.73
Maximum
55.83

Extra Space Storage PE ratio by year

Maximum annual increase: 47.3% in 2023

Maximum annual decrease: -52.62% in 2016

Year PE ratio Change
2023 33.82 47.3%
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%

EXR average PE ratio chart

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

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

3-year avg
28.51
5-year avg
29.73
10-year avg
31.48
15-year avg
36.16

EXR PE vs peers

What is EXR's PE ratio compared to its peers

EXR's PE ratio is higher than its peer stocks UHAL and ELS. Extra Space Storage is presently trading at a higher PE ratio (37.16) than its peer group average of 26.78.

Stock name PE ratio Market cap
UHAL Amerco 21.66 $12.91B
GEO Geo Group Inc 22.72 $2.14B
CUBE CubeSmart 26.32 $10.72B
ELS Equity Lifestyle Properties Inc 36.41 $12.5B
EXR Extra Space Storage Inc 37.16 $34.85B

Frequently asked questions

What is Extra Space Storage's PE ratio?

As of Jul 26, 2024, EXR stock has a price to earnings ratio of 37.16.

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

The 3-year average PE ratio for EXR stock is 28.51.

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

The 5-year average PE ratio for EXR stock is 29.73.

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% higher 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 (Jul 26, 2024), Extra Space Storage's stock price is $164.61. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $4.43. Therefore, Extra Space Storage's P/E ratio for today is 37.16. PE RATIO(37.16) = STOCK PRICE($164.61) / TTM EPS($4.43)

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