Public Storage
Such statements are based on management s beliefs and assumptions made based on information currently available to management and may be identified by the use of the words outlook, guidance, expects, believes, anticipates, should, estimates, and similar expressions. Risks and uncertainties that may impact future results and performance include, but are not limited to, those described in Part 1,…
$298.31
-$3.45 (-1.14%)
Price from 2 days ago
40.04% operating margin is above average. ROIC at 7.91%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue growth slowed to 2.7%, essentially flat. This is a business that needs a catalyst.
At 28x earnings, the current multiple leaves limited room for execution misses or growth deceleration. ROIC dropped from 9.92% to 7.91%, capital efficiency is deteriorating.
28.5x earnings. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$4.89B
▲ +2.7% YoY
Net Income (TTM)
$2.04B
▼ -13.9% YoY
Op. Margin
39.03%
▼ -0.4pp YoY
ROIC
7.82%
▼ -2.0pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$3.17B
▲ +1.9% YoY
Net Debt
$9.92B
Cash & Equiv.
$260M
5Y CAGR: +10.6%
3Y CAGR: +0.3%
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SourceComputed from the 10-Q filed 21 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 28 Sept 2026. How this is calculated.
Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Public Storage (PSA) overvalued?
At a P/E of 28.5, Public Storage (PSA) trades above a two-stage DCF intrinsic value of about $137.60 per share, so at $298.31 the stock looks overvalued (53.9% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Public Storage scores 47/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Public Storage's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $137.60 per share for PSA, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $103.20. At today's $298.31, that puts the stock about 53.9% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Public Storage a high-quality business?+
Public Storage scores 47 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 39.0% operating margin and a 7.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Public Storage a good stock to buy right now?+
That depends on valuation and quality together, not either alone. PSA currently trades above its estimated intrinsic value and scores 47/100 on quality (mixed). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Real Estate Investment Trusts
Spot a number that looks wrong? Check it in PSA's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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