EXR Extra Space Storage PE ratio, current and historical analysis
The current PE ratio for Extra Space Storage stock as of Oct 29, 2024 is 43.48. This is calculated based on the current EPS of $3.81 and the stock price of $165.65 per share. The P/E ratio has an increase of 34% from the past four quarters average of 32.5.
EXR PE ratio history
The average historical PE ratio of Extra Space Storage for the last ten years is 31.81. The current PE ratio of 43.48 is 37% 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.
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
EXR's current P/E ratio is above the 3, 5 and 10-year historical averages.
EXR PE vs peers
EXR's PE ratio is lower than its peer stock GEO, but it is greater than UHAL's and ELS's. Extra Space Storage is presently trading at a higher PE ratio (43.48) than its peer group average of 39.22.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CUBE CubeSmart | 26.69 | $10.82B |
| UHAL Amerco | 27.15 | $14.48B |
| ELS Equity Lifestyle Properties Inc | 36.54 | $13.09B |
| EXR Extra Space Storage Inc | 43.52 | $35.14B |
| GEO Geo Group Inc | 67.58 | $2.26B |
Frequently asked questions
What is Extra Space Storage's PE ratio?
As of Oct 29, 2024, EXR stock has a price to earnings ratio of 43.48.
What is the 3-year average PE ratio for Extra Space Storage (EXR)?
The 3-year average PE ratio for EXR stock is 29.39.
What is the 5-year average PE ratio for Extra Space Storage (EXR)?
The 5-year average PE ratio for EXR stock is 29.95.
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 37% 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 (Oct 29, 2024), Extra Space Storage's stock price is $165.65. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $3.81. Therefore, Extra Space Storage's P/E ratio for today is 43.48. PE RATIO(43.48) = STOCK PRICE($165.65) / TTM EPS($3.81)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.