PSA
Public Storage
PE ratio, current and historical analysis
- Stocks
- Real Estate
- NYSE: PSA
- PE Ratio
The PE ratio for Public Storage stock stands at 32.94 as of Jun 22, 2026. This is based on the current EPS of $9.72 and the stock price of $320.22 per share. An increase of 11% has been seen in the P/E ratio compared to the average of 29.6 of the last 4 quarters.
PSA PE ratio history
Over the last ten years, the average PE ratio of Public Storage has been 29.04. The current 32.94 PE ratio is 13% above the historical average. Over the past ten years, PSA's PE ratio was at its highest in the Jun 2021 quarter at 41.36, with a price of $300.69 and an EPS of $7.27. The Sep 2022 quarter recorded the bottom point at 11.83, with a price of $292.81 and an EPS of $24.75.
Public Storage PE ratio by year
Maximum annual increase: 131.65% in 2023
Maximum annual decrease: -68.65% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 28.71 | 2.39% | $259.5 | $9.04 |
| 2024 | 28.04 | 2.15% | $299.44 | $10.68 |
| 2023 | 27.45 | 131.65% | $305 | $11.11 |
| 2022 | 11.85 | -68.65% | $280.19 | $23.64 |
| 2021 | 37.8 | 2.97% | $374.56 | $9.91 |
| 2020 | 36.71 | 25.85% | $230.93 | $6.29 |
| 2019 | 29.17 | 23.34% | $212.96 | $7.3 |
| 2018 | 23.65 | -23.61% | $202.41 | $8.56 |
| 2017 | 30.96 | -5.26% | $209 | $6.75 |
| 2016 | 32.68 | -19.53% | $223.5 | $6.84 |
| 2015 | 40.61 | 15.76% | $247.7 | $6.1 |
| 2014 | 35.08 | 14.68% | $184.85 | $5.27 |
| 2013 | 30.59 | -17.08% | $150.52 | $4.92 |
| 2012 | 36.89 | -9.18% | $144.96 | $3.93 |
| 2011 | 40.62 | -5.47% | $134.46 | $3.31 |
Public Storage PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 27.87 | -2.93% | $270.88 | $9.72 |
| Dec 2025 | 28.71 | -4.08% | $259.5 | $9.04 |
| Sep 2025 | 29.93 | -6.26% | $288.85 | $9.65 |
| Jun 2025 | 31.93 | 7.76% | $293.42 | $9.19 |
| Mar 2025 | 29.63 | 5.67% | $299.29 | $10.1 |
| Dec 2024 | 28.04 | -25.48% | $299.44 | $10.68 |
| Sep 2024 | 37.63 | 40.1% | $363.87 | $9.67 |
| Jun 2024 | 26.86 | 2.32% | $287.65 | $10.71 |
| Mar 2024 | 26.25 | -4.37% | $290.06 | $11.05 |
| Dec 2023 | 27.45 | 14.18% | $305 | $11.11 |
| Sep 2023 | 24.04 | 91.25% | $263.52 | $10.96 |
| Jun 2023 | 12.57 | -1.64% | $291.88 | $23.22 |
| Mar 2023 | 12.78 | 7.85% | $302.14 | $23.65 |
| Dec 2022 | 11.85 | 0.17% | $280.19 | $23.64 |
| Sep 2022 | 11.83 | -55.32% | $292.81 | $24.75 |
PSA Price vs fair value
PSA average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of PSA is greater than its 3, 5 and 10-year historical averages.
PE comparison
Public Storage's P/E of 32.94 is above the Real Estate sector and the industry average. Compared to its Real Estate sector average of 23.85, Public Storage's P/E is 38% higher.
PSA PE vs peers
Compared to its peers DLR and CCI, PSA's PE ratio stands lower, however it is higher than CUBE's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CUBE CubeSmart | 28.77 | $9.25B |
| PSA Public Storage | 33.05 | $56.4B |
| CCI Crown Castle International Corp | 34.7 | $36.81B |
| DLR Digital Realty Trust Inc | 49.49 | $68.52B |
| UHAL Amerco | 261.54 | $12.31B |
Frequently asked questions
What is Public Storage's PE ratio?
PSA stock has a price to earnings ratio of 32.94 as of Jun 22, 2026.
What is the 3-year average PE ratio for Public Storage (PSA)?
The average PE ratio for PSA stock over the past 3 years is 27.58.
What is the 5-year average PE ratio for Public Storage (PSA)?
The average PE ratio for PSA stock over the past 5 years is 27.31.
What is the highest PE ratio for PSA?
The highest quarterly PE ratio in the last ten years has been 41.36 and it was in the Jun 2021 quarter.
How does the current PE ratio for PSA compare to its historical average?
PSA's current price to earnings ratio is 13% above its 10-year historical average.
How is PSA's PE ratio calculated (Public 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 (Jun 22, 2026), Public Storage's stock price is $320.22. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $9.72. Therefore, Public Storage's P/E ratio for today is 32.94. PE RATIO(32.94) = STOCK PRICE($320.22) / TTM EPS($9.72)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.