The current PE ratio for Extra Space Storage stock as of May 7, 2024 is 32.35. This is calculated based on the current EPS of $4.43 and the stock price of $143.3 per share. The P/E ratio has an increase of 14% from the past four quarters average of 28.4.
The average historical PE ratio of Extra Space Storage for the last ten years is 31.52. The current PE ratio of 32.35 is 2.6% 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.
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's current P/E ratio is above the 3, 5 and 10-year historical averages.
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 (32.35) than its peer group average of 25.7.
| Stock name | PE ratio | Market cap |
|---|---|---|
| UHAL Amerco | 16.45 | $13.38B |
| GEO Geo Group Inc | 18.67 | $1.72B |
| EXR Extra Space Storage Inc | 32.35 | $30.34B |
| SP SP Plus Corp | 33.44 | $1.02B |
| ELS Equity Lifestyle Properties Inc | 34.24 | $11.75B |
As of May 7, 2024, EXR stock has a price to earnings ratio of 32.35.
The 3-year average PE ratio for EXR stock is 28.94.
The 5-year average PE ratio for EXR stock is 29.8.
Over the last ten years, the quarterly PE ratio reached a historic high of 55.83 in the Dec 2015 quarter.
The current price to earnings ratio of EXR is 2.6% higher than the 10-year historical average.
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 (May 7, 2024), Extra Space Storage's stock price is $143.3. 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 32.35. PE RATIO(32.35) = STOCK PRICE($143.3) / TTM EPS($4.43)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.