National Storage Affiliates Trust
$6.87B- Market cap
- $3.35B
- Debt
- +$3.54B
- Cash
- −$23.33M
Capital structure 49% equity / 51% debt · EV / Revenue 9.13x · EV / EBITDA 28.68x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: NSA stock price vs EPD: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at EPD's multiple
Needs EPD P/E.
Implied fair value · at NSA's multiple
Needs NSA P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: NSA FY 2025 (ended Dec 31, 2025) · EPD FY 2025 (ended Dec 31, 2025).
Trendline
14 fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 49% equity / 51% debt · EV / Revenue 9.13x · EV / EBITDA 28.68x
Capital structure 71% equity / 29% debt · EV / Revenue 2.23x · EV / EBITDA 12.25x
EPD carries the larger enterprise value at $117.52B against $6.87B; EPD trades on the lower EV / Revenue multiple (2.23x vs 9.13x); EPD on the lower EV / EBITDA (12.25x vs 28.68x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
National Storage Affiliates Trust · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
ENTERPRISE PRODUCTS PARTNERS L.P. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
3.74x
—
Net debt / EBITDA
Leverage against operating earnings
14.69x
3.48x
Cash and equivalents
Liquid reserves on the balance sheet
$23.33M
$969.00M
Total debt
Interest-bearing obligations outstanding
$3.54B
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
$34.40B
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