PSA

NYSE

Public Storage

Real Estate, Self-Storage REITs

$328.40

close 7 Aug 2026

+17.39%

52-week change

$57.67B

market cap

$256.54

$335.55

52-week range

Expected price

$272.29 – $332.80

Current price

$328.40

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)31.37x

P/S (TTM)11.79x

P/B6.28x

EV/EBITDA (TTM)19.19x

FCF yield (TTM)3.96%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average27.65x

P/E, sector median34.68x*

Price at 5-year median P/E$306.96*

Indicated dividend yield3.65%

Forward — analyst consensus

Forward P/E (FY2026)34.97x*

Forward P/E (FY2027)35.73x

Forward PEG—*

Consensus EPS FY2026 (1 analysts)$9.39

EPS growth (FY2026→FY2027)-2.13%

Revenue growth (FY2026)4.19%

Street view

Price target (mean)$336.41*

Target upside2.44%

Ratings (buy / hold / sell)6 / 15 / 0

FY2026 EPS revisions, 30d (up / down)1 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 29 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +12.37%10Y CAGR +2.91%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$328.40

Cash & equivalents$259.94M

Total debt$10.25B

Shares outstanding175.62M

Result

DCF price per share$466.83

Current price$328.40

Margin of safety+42.15%

PV of years 1–10$28.62B

PV of terminal value$63.35B

Equity value$81.99B

Market-implied growth+8.42%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$2.57B	$2.89B	$3.24B	$3.65B	$4.10B	$4.60B	$5.17B	$5.81B	$6.53B	$7.34B	$136.78B
PV	$2.38B	$2.48B	$2.58B	$2.68B	$2.79B	$2.90B	$3.02B	$3.14B	$3.27B	$3.40B	$63.35B

period to 30 Jun 2026, filed 29 Jul 2026, close 7 Aug 2026