Last 48 quarters of trend data · Real Estate · REIT - Industrial
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Public Storage's quarterly P/E stands at 25.0x, down 32.0% year-over-year — suggesting improving earnings relative to price.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 34.52 | 24.99 | 24.95 | 27.56 | 41.68 | 36.75 | 23.32 | 42.11 | 27.03 | 27.89 | 34.35 | 20.59 | 24.32 |
| — | -32.0% | +7.0% | -34.6% | +54.2% | +31.8% | -32.1% | +104.6% | +11.1% | -2.2% | +1.0% | +332.5% | +6.4% | |
| P/S Ratio | 11.32 | 9.78 | 9.38 | 10.38 | 10.74 | 11.13 | 11.19 | 13.47 | 10.79 | 11.05 | 11.55 | 10.15 | 11.48 |
| — | -12.1% | -16.1% | -23.0% | -0.4% | +0.7% | -3.1% | +32.8% | -6.0% | -9.2% | +1.9% | -14.5% | -14.0% | |
| P/B Ratio | 5.86 | 5.11 | 4.89 | 5.40 | 5.45 | 5.45 | 5.37 | 6.59 | 5.16 | 5.09 | 5.30 | 4.55 | 5.06 |
| — | -6.1% | -9.0% | -18.1% | +5.5% | +6.9% | +1.3% | +44.8% | +2.0% | -3.0% | +9.2% | -10.8% | -7.7% | |
| P/FCF | 18.85 | 19.05 | 18.01 | 12.85 | 15.79 | 20.35 | 19.79 | 23.24 | 15.96 | 22.79 | 20.49 | 15.46 | 16.47 |
| — | -6.4% | -9.0% | -44.7% | -1.1% | -10.7% | -3.4% | +50.4% | -3.1% | +2.8% | +2.1% | -4.0% | -18.2% | |
| EV / EBITDA | 18.95 | 18.70 | 16.30 | 13.11 | 17.75 | 18.70 | 18.46 | 21.69 | 17.59 | 18.47 | 17.95 | 16.43 | 17.58 |
| — | +0.0% | -11.7% | -39.6% | +0.9% | +1.2% | +2.9% | +32.0% | +0.0% | -1.9% | +3.0% | -10.6% | -14.4% | |
| EV / EBIT | 28.63 | 31.60 | 24.10 | 25.34 | 34.93 | 31.90 | 22.34 | 35.73 | 24.93 | 25.80 | 29.88 | 20.22 | 23.19 |
| — | -0.9% | +7.9% | -29.1% | +40.1% | +23.7% | -25.2% | +76.7% | +7.5% | -2.9% | -2.8% | +295.6% | +4.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Public Storage's operating margin was 38.9% in Q1 2026, down 6.8 pp QoQ and down 7.0 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 50.8% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.0% | 72.1% | 24.0% | 73.0% | 73.5% | 72.0% | 73.6% | 72.9% | 74.3% | 72.0% | 74.9% | 74.7% | 75.0% |
| — | +0.2% | -67.4% | +0.1% | -1.1% | -0.0% | -1.8% | -2.4% | -0.9% | -2.3% | -1.6% | +0.3% | -0.4% | |
| Operating Margin | 46.7% | 38.9% | 45.8% | 70.6% | 47.9% | 45.9% | 47.0% | 47.1% | 47.9% | 45.5% | 50.0% | 52.1% | 53.4% |
| — | -15.2% | -2.5% | +49.9% | -0.1% | +1.0% | -6.1% | -9.5% | -10.3% | -12.3% | -4.3% | +1.0% | +4.1% | |
| Net Margin | 37.0% | 43.2% | 41.7% | 41.8% | 29.8% | 34.5% | 52.2% | 36.2% | 44.2% | 44.0% | 37.9% | 53.6% | 51.6% |
| — | +25.4% | -20.1% | +15.2% | -32.4% | -21.6% | +37.8% | -32.4% | -14.4% | -7.0% | -0.0% | -78.9% | -18.5% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.6% | 5.6% | 5.4% | 5.4% | 3.7% | 4.2% | 6.3% | 4.4% | 5.2% | 5.1% | 4.3% | 6.0% | 5.7% |
| — | +34.7% | -14.1% | +22.7% | -28.3% | -17.1% | +45.5% | -26.8% | -8.3% | -0.9% | +6.4% | -78.1% | -13.5% | |
| ROA | 8.9% | 2.6% | 2.5% | 2.5% | 1.8% | 2.1% | 3.1% | 2.2% | 2.6% | 2.6% | 2.2% | 3.3% | 3.3% |
| — | +26.8% | -19.1% | +15.7% | -32.1% | -19.8% | +40.4% | -33.7% | -20.2% | -12.6% | -6.0% | -79.1% | -10.4% | |
| ROIC | 8.9% | 1.9% | 2.2% | 3.4% | 2.3% | 2.2% | 2.2% | 2.3% | 2.2% | 2.1% | 2.3% | 2.6% | 2.7% |
| — | -14.2% | -2.3% | +51.6% | +2.0% | +3.7% | -4.3% | -11.7% | -17.9% | -19.8% | -12.2% | -1.9% | +12.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Public Storage's Debt/EBITDA ratio is 12.7x, up from 12.0x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 51.0% YoY to 0.27x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 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 |
| — | +6.9% | +15.2% | +9.4% | +14.9% | +8.0% | +5.8% | +10.2% | +41.3% | +32.6% | +33.3% | +32.9% | -7.1% | |
| Debt / EBITDA | 3.01 | 12.69 | 12.03 | 8.70 | 12.16 | 11.41 | 11.21 | 11.28 | 11.12 | 11.18 | 10.49 | 10.83 | 8.41 |
| — | +11.2% | +7.3% | -22.9% | +9.4% | +2.1% | +6.9% | +4.2% | +32.2% | +27.8% | +21.4% | +25.5% | -14.3% | |
| Current Ratio | 0.75 | 0.27 | 0.75 | 0.45 | 1.77 | 0.55 | 0.76 | 0.97 | 0.93 | 0.54 | 0.62 | 0.98 | 1.28 |
| — | -51.0% | -1.3% | -53.9% | +90.6% | +2.4% | +23.1% | -1.1% | -27.7% | -63.6% | -59.0% | -34.8% | -40.0% | |
| Quick Ratio | 0.75 | 0.27 | 0.75 | 0.45 | 1.77 | 0.55 | 0.76 | 0.97 | 0.93 | 0.54 | 0.62 | 0.98 | 1.28 |
| — | -51.0% | -1.3% | -53.9% | +90.6% | +2.4% | +23.1% | -1.1% | -27.7% | -63.6% | -59.0% | -34.8% | -40.0% | |
| Interest Coverage | 6.88 | 5.66 | 7.10 | 7.50 | 6.09 | 6.72 | 9.55 | 6.87 | 8.15 | 8.57 | 7.60 | 11.62 | 16.33 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorDCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare business quality, growth, and profitability against top sector peers.
Start ComparisonQuick answers to the most common questions about buying PSA stock.
Public Storage's current P/E is 34.5x. The average P/E over the last 4 quarters is 29.8x. 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.