Last 47 quarters of trend data · Real Estate · REIT - Industrial
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 34.39 | 31.21 | 24.99 | 24.95 | 27.56 | 41.68 | 36.75 | 23.32 | 42.11 | 27.03 | 27.89 | 34.35 | 20.59 | 24.32 | 28.50 | 34.00 | 4.76 | 22.86 | 37.10 | 29.54 | 29.47 |
| — | -25.1% | -32.0% | +7.0% | -34.6% | +54.2% | +31.8% | -32.1% | +104.6% | +11.1% | -2.2% | +1.0% | +332.5% | +6.4% | -23.2% | +15.1% | -83.9% | -40.1% | +32.9% | -14.6% | -25.4% | |
| P/S Ratio | 11.98 | 11.39 | 9.78 | 9.38 | 10.38 | 10.74 | 11.13 | 11.19 | 13.47 | 10.79 | 11.05 | 11.55 | 10.15 | 11.48 | 12.17 | 11.33 | 11.86 | 13.35 | 17.67 | 17.84 | 14.59 |
| — | +6.0% | -12.1% | -16.1% | -23.0% | -0.4% | +0.7% | -3.1% | +32.8% | -6.0% | -9.2% | +1.9% | -14.5% | -14.0% | -31.2% | -36.5% | -18.7% | -16.1% | +25.7% | +34.2% | +10.2% | |
| P/B Ratio | 5.84 | 6.05 | 5.11 | 4.89 | 5.40 | 5.45 | 5.45 | 5.37 | 6.59 | 5.16 | 5.09 | 5.30 | 4.55 | 5.06 | 5.25 | 4.85 | 5.10 | 5.49 | 7.02 | 7.00 | 5.78 |
| — | +11.1% | -6.1% | -9.0% | -18.1% | +5.5% | +6.9% | +1.3% | +44.8% | +2.0% | -3.0% | +9.2% | -10.8% | -7.7% | -25.2% | -30.6% | -11.7% | -8.9% | +40.2% | +48.7% | +25.6% | |
| P/FCF | 19.95 | 14.98 | 19.05 | 18.01 | 12.85 | 15.79 | 20.35 | 19.79 | 23.24 | 15.96 | 22.79 | 20.49 | 15.46 | 16.47 | 22.18 | 20.08 | 16.10 | 20.13 | 30.91 | 26.27 | 21.55 |
| — | -5.1% | -6.4% | -9.0% | -44.7% | -1.1% | -10.7% | -3.4% | +50.4% | -3.1% | +2.8% | +2.1% | -4.0% | -18.2% | -28.2% | -23.6% | -25.3% | -13.5% | +35.4% | +23.8% | +9.8% | |
| EV / EBITDA | 19.88 | 21.91 | 18.70 | 16.30 | 13.11 | 17.75 | 18.70 | 18.46 | 21.69 | 17.59 | 18.47 | 17.95 | 16.43 | 17.58 | 18.84 | 17.42 | 18.39 | 20.54 | 27.32 | 27.32 | 22.76 |
| — | +23.4% | +0.0% | -11.7% | -39.6% | +0.9% | +1.2% | +2.9% | +32.0% | +0.0% | -1.9% | +3.0% | -10.6% | -14.4% | -31.0% | -36.2% | -19.2% | -16.4% | +23.4% | +36.6% | +9.0% | |
| EV / EBIT | 30.04 | 27.99 | 31.60 | 24.10 | 25.34 | 34.93 | 31.90 | 22.34 | 35.73 | 24.93 | 25.80 | 29.88 | 20.22 | 23.19 | 26.56 | 30.73 | 5.11 | 22.27 | 34.27 | 27.88 | 27.67 |
| — | -19.9% | -0.9% | +7.9% | -29.1% | +40.1% | +23.7% | -25.2% | +76.7% | +7.5% | -2.9% | -2.8% | +295.6% | +4.1% | -22.5% | +10.2% | -81.5% | -32.6% | +34.0% | -4.1% | -8.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.0% | 72.1% | 72.1% | 24.0% | 73.0% | 73.5% | 72.0% | 73.6% | 72.9% | 74.3% | 72.0% | 74.9% | 74.7% | 75.0% | 73.7% | 76.1% | 74.5% | 75.3% | 73.2% | 74.4% | 73.5% |
| — | -2.0% | +0.2% | -67.4% | +0.1% | -1.1% | -0.0% | -1.8% | -2.4% | -0.9% | -2.3% | -1.6% | +0.3% | -0.4% | +0.6% | +2.4% | +1.3% | +2.2% | +4.2% | +2.0% | +5.9% | |
| Operating Margin | 46.7% | 37.9% | 38.9% | 45.8% | 70.6% | 47.9% | 45.9% | 47.0% | 47.1% | 47.9% | 45.5% | 50.0% | 52.1% | 53.4% | 51.8% | 52.3% | 51.5% | 51.3% | 48.0% | 49.8% | 48.9% |
| — | -21.0% | -15.2% | -2.5% | +49.9% | -0.1% | +1.0% | -6.1% | -9.5% | -10.3% | -12.3% | -4.3% | +1.0% | +4.1% | +8.0% | +5.1% | +5.3% | +3.7% | -1.1% | -3.5% | +1.7% | |
| Net Margin | 37.0% | 40.6% | 43.2% | 41.7% | 41.8% | 29.8% | 34.5% | 52.2% | 36.2% | 44.2% | 44.0% | 37.9% | 53.6% | 51.6% | 47.3% | 37.9% | 254.5% | 63.4% | 52.8% | 67.0% | 54.8% |
| — | +35.9% | +25.4% | -20.1% | +15.2% | -32.4% | -21.6% | +37.8% | -32.4% | -14.4% | -7.0% | -0.0% | -78.9% | -18.5% | -10.4% | -43.5% | +364.7% | +28.0% | -6.5% | +44.9% | +23.8% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.6% | 5.4% | 5.6% | 5.4% | 5.4% | 3.7% | 4.2% | 6.3% | 4.4% | 5.2% | 5.1% | 4.3% | 6.0% | 5.7% | 5.1% | 4.1% | 27.5% | 6.6% | 5.3% | 6.7% | 5.5% |
| — | +43.5% | +34.7% | -14.1% | +22.7% | -28.3% | -17.1% | +45.5% | -26.8% | -8.3% | -0.9% | +6.4% | -78.1% | -13.5% | -4.6% | -39.5% | +398.6% | +39.5% | +6.1% | +62.7% | +48.0% | |
| ROA | 8.9% | 2.5% | 2.6% | 2.5% | 2.5% | 1.8% | 2.1% | 3.1% | 2.2% | 2.6% | 2.6% | 2.2% | 3.3% | 3.3% | 3.0% | 2.4% | 15.7% | 3.7% | 2.9% | 3.8% | 3.3% |
| — | +40.1% | +26.8% | -19.1% | +15.7% | -32.1% | -19.8% | +40.4% | -33.7% | -20.2% | -12.6% | -6.0% | -79.1% | -10.4% | +0.8% | -37.9% | +376.4% | +18.6% | -19.5% | +25.3% | +20.3% | |
| ROIC | 8.9% | 1.8% | 1.9% | 2.2% | 3.4% | 2.3% | 2.2% | 2.2% | 2.3% | 2.2% | 2.1% | 2.3% | 2.6% | 2.7% | 2.6% | 2.6% | 2.6% | 2.4% | 2.2% | 2.3% | 2.4% |
| — | -19.9% | -14.2% | -2.3% | +51.6% | +2.0% | +3.7% | -4.3% | -11.7% | -17.9% | -19.8% | -12.2% | -1.9% | +12.8% | +20.9% | +15.2% | +7.4% | -2.4% | -13.8% | -15.8% | -4.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.10 | 1.10 | 1.04 | 1.10 | 1.07 | 1.10 | 0.97 | 0.95 | 0.98 | 0.96 | 0.90 | 0.90 | 0.89 | 0.68 | 0.68 | 0.68 | 0.67 | 0.73 | 0.76 | 0.79 | 0.64 |
| — | -0.5% | +6.9% | +15.2% | +9.4% | +14.9% | +8.0% | +5.8% | +10.2% | +41.3% | +32.6% | +33.3% | +32.9% | -7.1% | -10.4% | -14.8% | +4.3% | +28.2% | +118.3% | +167.3% | +116.0% | |
| Debt / EBITDA | 3.01 | 13.49 | 12.69 | 12.03 | 8.70 | 12.16 | 11.41 | 11.21 | 11.28 | 11.12 | 11.18 | 10.49 | 10.83 | 8.41 | 8.74 | 8.64 | 8.62 | 9.81 | 10.80 | 11.24 | 9.21 |
| — | +10.9% | +11.2% | +7.3% | -22.9% | +9.4% | +2.1% | +6.9% | +4.2% | +32.2% | +27.8% | +21.4% | +25.5% | -14.3% | -19.0% | -23.1% | -6.4% | +14.5% | +87.1% | +135.3% | +81.4% | |
| Current Ratio | 0.75 | 0.67 | 0.27 | 0.75 | 0.45 | 1.77 | 0.55 | 0.76 | 0.97 | 0.93 | 0.54 | 0.62 | 0.98 | 1.28 | 1.48 | 1.51 | 1.50 | 2.14 | 2.07 | 1.52 | 2.02 |
| — | -62.3% | -51.0% | -1.3% | -53.9% | +90.6% | +2.4% | +23.1% | -1.1% | -27.7% | -63.6% | -59.0% | -34.8% | -40.0% | -28.6% | -1.1% | -25.8% | +81.1% | +378.0% | +133.5% | +198.0% | |
| Quick Ratio | 0.75 | 0.67 | 0.27 | 0.75 | 0.45 | 1.77 | 0.55 | 0.76 | 0.97 | 0.93 | 0.54 | 0.62 | 0.98 | 1.28 | 1.48 | 1.51 | 1.50 | 2.14 | 2.07 | 1.52 | 2.02 |
| — | -62.3% | -51.0% | -1.3% | -53.9% | +90.6% | +2.4% | +23.1% | -1.1% | -27.7% | -63.6% | -59.0% | -34.8% | -40.0% | -28.6% | -1.1% | -25.8% | +81.1% | +378.0% | +133.5% | +198.0% | |
| Interest Coverage | 6.88 | 6.96 | 5.66 | 7.10 | 7.50 | 6.09 | 6.72 | 9.55 | 6.87 | 8.15 | 8.57 | 7.60 | 11.62 | 16.33 | 15.50 | 12.48 | 82.44 | 20.94 | 16.59 | 21.88 | 21.71 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying PSA stock.
Public Storage's current P/E is 34.4x. The average P/E over the last 4 quarters is 27.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Public Storage's current operating margin is 46.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Public Storage's business trajectory between earnings reports.