National Storage Affiliates Trust (NSA) P/E Ratio History
ExpensiveTrading at 62.0x vs 5Y avg 39.9x · 85th percentile · Material premium to history · Data 2015–2026
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P/E Ratio Analysis
As of September 24, 2026, National Storage Affiliates Trust (NSA) trades at a price-to-earnings ratio of 62.0x, with a stock price of $43.40 and trailing twelve-month earnings per share of $1.02.
The current P/E is 56% above its 5-year average of 39.9x. Over the past five years, NSA's P/E has ranged from a low of 17.9x to a high of 80.5x, placing the current valuation at the 85th percentile of its historical range.
Compared to the Real Estate sector median P/E of 22.2x, NSA trades at a 179% premium to its sector peers. The sector includes 175 companies with P/E ratios ranging from 0.0x to 184.4x.
The PEG ratio of 10.84 (P/E divided by -41% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, NSA commands a significant premium over the S&P 500 median P/E of 25.3x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our NSA DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
NSA Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
NSA P/E vs Peers
Self-Storage REITs peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $53B | 31.8 | 4.27 | -15% | |
| $28B | 29.2 | 6.70 | +14% | |
| $9B | 26.1 | 2.29 | -15% | |
| $57M | 27.8 | 0.64 | -5% | |
| $8B | 20.0 | 1.79 | -4% | |
| $66B | 14.4Lowest | 0.46Best | +95%Best | |
| $64B | 26.7 | 1.03 | -0% | |
| $2.7T | 34.8 | 1.24 | +30% | |
| $12B | 256.6 | - | -86% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
NSA Historical P/E Data (2015–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $37.74 | $0.76 | 49.7x | -82% |
| FY2025 Q4 | Dec 31 2025 | $28.21 | $0.70 | 40.3x | -85% |
| FY2025 Q3 | - | $30.22 | $0.61 | 49.5x | -82% |
| FY2025 Q2 | Jun 30 2025 | $31.99 | $0.62 | 51.6x | -81% |
| FY2025 Q1 | Mar 31 2025 | $39.40 | $0.59 | 66.8x | -76% |
| FY2024 Q4 | - | $37.91 | $1.14 | 33.3x | -88% |
| FY2024 Q3 | Sep 30 2024 | $48.20 | $1.71 | 28.2x | -90% |
| FY2024 Q2 | Jun 30 2024 | $41.22 | $1.79 | 23.0x | -92% |
| FY2024 Q1 | Mar 31 2024 | $39.16 | $1.91 | 20.5x | -93% |
| FY2023 Q4 | Dec 31 2023 | $41.47 | $1.53 | 27.1x | -90% |
| FY2023 Q3 | Sep 30 2023 | $31.74 | $1.37 | 23.2x | -92% |
| FY2023 Q2 | Jun 30 2023 | $34.83 | $1.55 | 22.5x | -92% |
| FY2023 Q1 | Mar 31 2023 | $41.78 | $1.80 | 23.2x | -92% |
| FY2022 Q4 | Dec 31 2022 | $36.12 | $2.02 | 17.9x | -93% |
| FY2022 Q3 | Sep 30 2022 | $41.58 | $1.62 | 25.7x | -91% |
| FY2022 Q2 | - | $50.07 | $1.44 | 34.8x | -87% |
| FY2022 Q1 | - | $62.76 | $1.16 | 54.1x | -80% |
| FY2021 Q4 | Dec 31 2021 | $69.20 | $0.86 | 80.5x | -71% |
| FY2021 Q3 | - | $52.79 | $0.88 | 60.0x | -78% |
| FY2021 Q2 | Jun 30 2021 | $50.56 | $0.77 | 65.7x | -76% |
| FY2021 Q1 | Mar 31 2021 | $39.93 | $0.67 | 59.6x | -78% |
| FY2020 Q4 | - | $36.03 | $0.59 | 61.1x | -78% |
| FY2020 Q3 | Sep 30 2020 | $32.71 | $0.52 | 62.9x | -77% |
| FY2020 Q2 | - | $28.66 | $0.22 | 130.3x | -53% |
| FY2019 Q1 | Mar 31 2019 | $28.51 | $0.21 | 136.5x | -50% |
| FY2018 Q4 | Dec 31 2018 | $26.46 | $0.17 | 156.7x | -43% |
| FY2018 Q3 | Sep 30 2018 | $25.44 | $0.26 | 97.1x | -65% |
| FY2018 Q2 | Jun 30 2018 | $30.82 | $0.21 | 144.6x | -47% |
| FY2018 Q1 | Mar 31 2018 | $25.08 | $0.14 | 175.3x | -36% |
| FY2017 Q4 | Dec 31 2017 | $27.26 | $0.06 | 432.0x | +57% |
| FY2017 Q3 | Sep 30 2017 | $24.24 | $0.16 | 151.5x | -45% |
| FY2017 Q2 | Jun 30 2017 | $23.11 | $0.13 | 177.9x | -35% |
| FY2017 Q1 | Mar 31 2017 | $23.90 | $0.16 | 149.5x | -46% |
| FY2016 Q4 | Dec 31 2016 | $22.07 | $0.22 | 100.4x | -63% |
| FY2016 Q3 | Sep 30 2016 | $20.94 | $0.23 | 91.1x | -67% |
| FY2016 Q2 | - | $20.82 | $0.26 | 80.1x | -71% |
| FY2016 Q1 | - | $21.20 | $0.18 | 116.7x | -58% |
| FY2015 Q4 | - | $17.13 | $0.11 | 153.4x | -44% |
| FY2015 Q3 | Sep 30 2015 | $13.55 | $0.03 | 427.4x | +56% |
| FY2015 Q2 | - | $12.40 | $0.00 | 7294.1x | +2554% |
Average P/E for displayed period: 274.9x
NSA Chart Terminal
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
NSA — Frequently Asked Questions
Quick answers to the most common questions about buying NSA stock.
What is NSA's P/E ratio?
National Storage Affiliates Trust (NSA) trailing twelve-month P/E ratio is 62.0x, based on TTM diluted EPS of $1.02. The 5-year average P/E is 39.9x and the historical range spans 17.9x to 80.5x.
Is NSA stock overvalued or undervalued?
NSA trades at 62.0x P/E, above its 5-year average of 39.9x. The 85th percentile ranking within the 17.9x–80.5x historical range indicates a premium to historical valuation.
Is NSA stock expensive?
Yes, NSA is expensive relative to its own history. The current P/E of 62.0x is above the 5-year average of 39.9x and also above the Real Estate sector median of 22.2x. The stock sits at the 85th percentile of its 5-year valuation range.
What is NSA's historical P/E range?
Over the past 5 years, NSA's P/E ratio has ranged from 17.9x to 80.5x, with a median of 34.8x and an average of 39.9x. The current P/E of 62.0x places the stock at the 85th percentile of this range. Full historical data spans 2015–2026.
How does NSA's P/E compare to the S&P 500?
NSA trades at 62.0x P/E versus the S&P 500 median of 25.3x. The 145% premium to the market typically reflects higher expected earnings growth or quality.
How does NSA's valuation compare to Real Estate peers?
National Storage Affiliates Trust P/E of 62.0x compares to the Real Estate sector median of 22.2x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is NSA's PEG ratio?
NSA PEG ratio is 10.84, based on a P/E of 62.0x and EPS growth of -40.7%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is NSA's earnings yield?
NSA earnings yield is 1.61%, the inverse of its 62.0x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.