The PE ratio for Public Storage stock stands at 25.97 as of May 16, 2024. This is based on the current EPS of $11.05 and the stock price of $287.02 per share. An increase of 15% has been seen in the P/E ratio compared to the average of 22.6 of the last 4 quarters.
Over the last ten years, the average PE ratio of Public Storage has been 30.27. The current 25.97 PE ratio is 14% below the historical average. Over the past ten years, PSA's PE ratio was at its highest in the Mar 2016 quarter at 43.99, with a price of $275.83 and an EPS of $6.27. The Sep 2022 quarter recorded the bottom point at 11.83, with a price of $292.81 and an EPS of $24.75.
Maximum annual increase: 131.65% in 2023
Maximum annual decrease: -68.65% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 27.45 | 131.65% |
| 2022 | 11.85 | -68.65% |
| 2021 | 37.8 | 2.97% |
| 2020 | 36.71 | 25.85% |
| 2019 | 29.17 | 23.34% |
| 2018 | 23.65 | -23.61% |
| 2017 | 30.96 | -5.26% |
| 2016 | 32.68 | -19.53% |
| 2015 | 40.61 | 15.76% |
| 2014 | 35.08 | 14.68% |
The current PE ratio of PSA is greater than its 3-year historical average, but it is below the 5 and 10-year averages.
Compared to its peers DLR and CCI, PSA's PE ratio stands lower, however it is higher than UHAL's and CUBE's. Public Storage is presently trading at a lower PE ratio (25.97) than its peer group average of 28.16.
| Stock name | PE ratio | Market cap |
|---|---|---|
| UHAL Amerco | 16.63 | $13.54B |
| CUBE CubeSmart | 24.23 | $9.87B |
| PSA Public Storage | 25.97 | $50.44B |
| CCI Crown Castle International Corp | 32.4 | $45.2B |
| DLR Digital Realty Trust Inc | 39.39 | $45.28B |
PSA stock has a price to earnings ratio of 25.97 as of May 16, 2024.
The average PE ratio for PSA stock over the past 3 years is 25.46.
The average PE ratio for PSA stock over the past 5 years is 27.71.
The highest quarterly PE ratio in the last ten years has been 43.99 and it was in the Mar 2016 quarter.
PSA's current price to earnings ratio is 14% below its 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 16, 2024), Public Storage's stock price is $287.02. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $11.05. Therefore, Public Storage's P/E ratio for today is 25.97. PE RATIO(25.97) = STOCK PRICE($287.02) / TTM EPS($11.05)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.