Public Storage PSA

287.97 3.41 1.20% as of 25 Sep
Market cap
$53.2B
P/E
27.4×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Public Storage (PSA) EV/EBITDA

As of 25 September 2026, Public Storage (PSA) trades at a EV/EBITDA of 18.0×. Over the past ten years it has ranged from 15.1× (March 2020) to 31.7× (March 2022); the current reading is higher than 11% of that period. That is in line with the Reit Industrial industry median of 18.0× and above the Real Estate sector median of 15.2×.

EV/EBITDA, daily

Annual

Period EV/EBITDA Change
FY2025 16.4× (11.58%)
FY2024 18.6× (4.78%)
FY2023 19.5× 8.42%
FY2022 18.0× (40.36%)
FY2021 30.2× 38.05%
FY2020 21.8× 11.07%
FY2019 19.7× 2.00%
FY2018 19.3× (2.53%)
FY2017 19.8× (8.82%)
FY2016 21.7× (16.96%)

Quarterly

Period EV/EBITDA Change
Jun 2026 19.5× 15.44%
Mar 2026 16.9× 2.98%
Dec 2025 16.4× (12.73%)
Sep 2025 18.8× (1.24%)
42 more quarters

Against its own ten years

Low 15.1× High 31.7×
Ten-year median 20.3×
Current reading's percentile 11

EV/EBITDA against peers

Company EV/EBITDA
LINE Lineage, Inc. compare 13.2×
REXR Rexford Industrial Realty, Inc. compare 16.9×
CUBE CubeSmart compare 17.0×
PSA Public Storage 18.0×
EXR Extra Space Storage Inc compare 19.1×
FR First Industrial Realty Trust, Inc. compare 20.1×
PLD Prologis, Inc. compare 22.2×
EGP EastGroup Properties, Inc. compare 23.4×
TRNO Terreno Realty Corporation compare 26.0×
Reit Industrial industry median 18.0×
Real Estate sector median 15.2×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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