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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,…
$318.04
$6.46 (-1.99%)
EOD Jul 17, 2026
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 33x 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.
32.9x 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.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$4.86B
▲ +2.7% YoY
Net Income (TTM)
$1.90B
▼ -13.9% YoY
Op. Margin
39.97%
▼ -0.4pp YoY
ROIC
7.91%
▼ -2.0pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$3.18B
▲ +1.9% YoY
Net Debt
$9.57B
Cash & Equiv.
$135M
5Y CAGR: +10.6%
3Y CAGR: +0.3%
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At a P/E of 32.9, Public Storage (PSA) trades above a two-stage DCF intrinsic value of about $140.03 per share, so at $318.04 the stock looks overvalued (56.0% 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 48/100 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. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $140.03 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 $105.02. At today's $318.04, that puts the stock about 56.0% 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.
Public Storage scores 48 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 40.0% operating margin and a 7.9% 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.
That depends on valuation and quality together, not either alone. PSA currently trades above its estimated intrinsic value and scores 48/100 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.