Public Storage
$62.90B- Market cap
- $52.97B
- Debt
- +$10.25B
- Cash
- −$318.10M
Capital structure 84% equity / 16% debt · EV / Revenue 13.04x · EV / EBITDA 17.95x
Quick read
Fair value engine
Each company valued on the other's multiple, then compared with the market price.
PSA · price snapshotP/E 33.47x
$301.60Snapshot Sep 8, 2026, 4:00 PM ET
Implied fair value · at EXR's multiple
—
Needs EXR P/E.
EXR · price snapshot
—Price unavailable
Implied fair value · at PSA's multiple
$153.65
4.59 EXR Annual EPS×33.47x PSA P/E=$153.65
Metric by metric
Smart diff
Where each company leads, and how wide the gap is.
6 metrics shown
MetricPSAEXRDifference (PSA − EXR)
Revenue growth (YoY)
Growth lag
2.7%
3.7%
EXR: higher Revenue growth (YoY) by 1.0 percentage points
Gross margin
Pricing power
N/M
72.8%
Insufficient data
EBITDA margin
Operating leverage
72.7%
48.1%
PSA: higher EBITDA margin by 24.5 percentage points
EV/Revenue
Lower is better
13.04x
N/M
Insufficient data
P/E
Not comparable
33.47x
N/M
Not comparable
Net debt / EBITDA
Lower leverage
2.8
9.0
PSA: lower Net debt / EBITDA by 6.2
Statements
Side-by-side financials
Core statements aligned to each company's latest fiscal year.
Income statement · USDPSA · FY 2025EXR · FY 2025Delta
Revenue$4.82B$3.38B+$1.45B
Gross profit—$2.46B—
Operating income—$1.41B—
EBITDA$3.51B$1.63B+$1.88B
Net income$1.78B$974.00M+$810.35M
EPS9.04.6+4.4
Revenue growth2.7%3.7%−1.0 pp
Gross margin—72.8%—
Operating margin—41.8%—
EBITDA margin72.7%48.1%+24.5 pp
Net margin37.0%28.8%+8.2 pp
SEC periods: PSA FY 2025 (ended Dec 31, 2025) · EXR FY 2025 (ended Dec 31, 2025).
Trendline
Historical trends
16 period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
PSAEXR
Price framework
Enterprise value
Market cap plus debt, less cash.
Extra Space Storage Inc.
Price framework
Intrinsic value (DCF)
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Public Storage · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
EXTRA SPACE STORAGE INC. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Solvency
Financial health checks to separate durable balance sheets from potential value traps.
Piotroski F-Score
Financial strength on a 0–9 scale.
5/ 9 · PSAModerate
6/ 9 · EXRModerate
Altman Z-Score
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Comparable set
Relative positioning
Where the pair sits against the wider comparable set.
Keep comparing
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