Public Storage (PSA) valuation
Public Storage P/E ratio history
Public Storage trades at 34.0 times its earnings over the last twelve months and 32.8 times the earnings analysts expect over the next twelve. At its last 10 fiscal year ends its P/E ranged from 11.9 (year to Dec 2022) to 38.0 (year to Dec 2021), with a median of 29.0.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $259.50 | $9.01 | 28.8 | 25.7 |
| Dec 31, 2024 | $299.44 | $10.64 | 28.1 | 28.7 |
| Dec 31, 2023 | $305.00 | $11.06 | 27.6 | 27.2 |
| Dec 31, 2022 | $280.19 | $23.50 | 11.9 | 22.0 |
| Dec 31, 2021 | $374.56 | $9.87 | 38.0 | 41.2 |
| Dec 31, 2020 | $230.93 | $6.29 | 36.7 | — |
| Dec 31, 2019 | $212.96 | $7.29 | 29.2 | — |
| Dec 31, 2018 | $202.41 | $8.54 | 23.7 | — |
| Dec 31, 2017 | $209.00 | $6.74 | 31.0 | — |
| Dec 31, 2016 | $223.50 | $6.81 | 32.8 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Public Storage valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Public StoragePSA | $57.0B | 34.0 | 32.8 | 11.3 |
| Realty IncomeO | $53.1B | 41.6 | 37.2 | 8.8 |
| Digital RealtyDLR | $63.5B | 88.2 | 58.9 | 9.4 |
| Simon Property GroupSPG | $70.6B | 15.4 | 34.5 | 10.2 |
| VentasVTR | $43.5B | 160.0 | 120.7 | 6.4 |
| Crown CastleCCI | $38.7B | 45.0 | 31.5 | 9.3 |
| CBRE GroupCBRE | $37.3B | 27.7 | 15.0 | 0.8 |
| American TowerAMT | $87.5B | 26.5 | 26.7 | 8.0 |
| Iron MountainIRM | $34.7B | 82.7 | 44.7 | 4.6 |
| Peer median | 43.3 | 35.9 | 8.4 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: PSA financials · PSA returns
No forecast, no recommendation. This page describes Public Storage from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.