Last 47 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 27.6x, down 34.6% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 39.6% YoY to 13.1x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 34.08 | 27.56 | 41.68 | 36.75 | 23.32 | 42.11 | 27.03 | 27.89 | 34.35 | 20.59 | 24.32 | 28.50 | 34.00 |
| — | -34.6% | +54.2% | +31.8% | -32.1% | +104.6% | +11.1% | -2.2% | +1.0% | +332.5% | +6.4% | -23.2% | +15.1% | |
| P/S Ratio | 11.17 | 10.38 | 10.74 | 11.13 | 11.19 | 13.47 | 10.79 | 11.05 | 11.55 | 10.15 | 11.48 | 12.17 | 11.33 |
| — | -23.0% | -0.4% | +0.7% | -3.1% | +32.8% | -6.0% | -9.2% | +1.9% | -14.5% | -14.0% | -31.2% | -36.5% | |
| P/B Ratio | 5.78 | 5.40 | 5.45 | 5.45 | 5.37 | 6.59 | 5.16 | 5.09 | 5.30 | 4.55 | 5.06 | 5.25 | 4.85 |
| — | -18.1% | +5.5% | +6.9% | +1.3% | +44.8% | +2.0% | -3.0% | +9.2% | -10.8% | -7.7% | -25.2% | -30.6% | |
| P/FCF | 16.91 | 12.85 | 15.79 | 20.35 | 19.79 | 23.24 | 15.96 | 22.79 | 20.49 | 15.46 | 16.47 | 22.18 | 20.08 |
| — | -44.7% | -1.1% | -10.7% | -3.4% | +50.4% | -3.1% | +2.8% | +2.1% | -4.0% | -18.2% | -28.2% | -23.6% | |
| EV / EBITDA | 14.00 | 13.11 | 17.75 | 18.70 | 18.46 | 21.69 | 17.59 | 18.47 | 17.95 | 16.43 | 17.58 | 18.84 | 17.42 |
| — | -39.6% | +0.9% | +1.2% | +2.9% | +32.0% | +0.0% | -1.9% | +3.0% | -10.6% | -14.4% | -31.0% | -36.2% | |
| EV / EBIT | 18.73 | 25.34 | 34.93 | 31.90 | 22.34 | 35.73 | 24.93 | 25.80 | 29.88 | 20.22 | 23.19 | 26.56 | 30.73 |
| — | -29.1% | +40.1% | +23.7% | -25.2% | +76.7% | +7.5% | -2.9% | -2.8% | +295.6% | +4.1% | -22.5% | +10.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Public Storage's operating margin was 70.6% in Q3 2025, up 22.7 pp QoQ and up 23.5 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 52.9% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.8% | 73.0% | 73.5% | 72.0% | 73.6% | 72.9% | 74.3% | 72.0% | 74.9% | 74.7% | 75.0% | 73.7% | 76.1% |
| — | +0.1% | -1.1% | -0.0% | -1.8% | -2.4% | -0.9% | -2.3% | -1.6% | +0.3% | -0.4% | +0.6% | +2.4% | |
| Operating Margin | 70.6% | 70.6% | 47.9% | 45.9% | 47.0% | 47.1% | 47.9% | 45.5% | 50.0% | 52.1% | 53.4% | 51.8% | 52.3% |
| — | +49.9% | -0.1% | +1.0% | -6.1% | -9.5% | -10.3% | -12.3% | -4.3% | +1.0% | +4.1% | +8.0% | +5.1% | |
| Net Margin | 37.3% | 41.8% | 29.8% | 34.5% | 52.2% | 36.2% | 44.2% | 44.0% | 37.9% | 53.6% | 51.6% | 47.3% | 37.9% |
| — | +15.2% | -32.4% | -21.6% | +37.8% | -32.4% | -14.4% | -7.0% | -0.0% | -78.9% | -18.5% | -10.4% | -43.5% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.8% | 5.4% | 3.7% | 4.2% | 6.3% | 4.4% | 5.2% | 5.1% | 4.3% | 6.0% | 5.7% | 5.1% | 4.1% |
| — | +22.7% | -28.3% | -17.1% | +45.5% | -26.8% | -8.3% | -0.9% | +6.4% | -78.1% | -13.5% | -4.6% | -39.5% | |
| ROA | 9.0% | 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% | -32.1% | -19.8% | +40.4% | -33.7% | -20.2% | -12.6% | -6.0% | -79.1% | -10.4% | +0.8% | -37.9% | |
| ROIC | 13.5% | 3.4% | 2.3% | 2.2% | 2.2% | 2.3% | 2.2% | 2.1% | 2.3% | 2.6% | 2.7% | 2.6% | 2.6% |
| — | +51.6% | +2.0% | +3.7% | -4.3% | -11.7% | -17.9% | -19.8% | -12.2% | -1.9% | +12.8% | +20.9% | +15.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Public Storage's Debt/EBITDA ratio is 8.7x, down from 12.2x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 53.9% YoY to 0.45x, tightening the short-term liquidity position.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 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 |
| — | +9.4% | +14.9% | +8.0% | +5.8% | +10.2% | +41.3% | +32.6% | +33.3% | +32.9% | -7.1% | -10.4% | -14.8% | |
| Debt / EBITDA | 2.25 | 8.70 | 12.16 | 11.41 | 11.21 | 11.28 | 11.12 | 11.18 | 10.49 | 10.83 | 8.41 | 8.74 | 8.64 |
| — | -22.9% | +9.4% | +2.1% | +6.9% | +4.2% | +32.2% | +27.8% | +21.4% | +25.5% | -14.3% | -19.0% | -23.1% | |
| Current Ratio | — | 0.45 | 1.77 | 0.55 | 0.76 | 0.97 | 0.93 | 0.54 | 0.62 | 0.98 | 1.28 | 1.48 | 1.51 |
| — | -53.9% | +90.6% | +2.4% | +23.1% | -1.1% | -27.7% | -63.6% | -59.0% | -34.8% | -40.0% | -28.6% | -1.1% | |
| Quick Ratio | — | 0.45 | 1.77 | 0.55 | 0.76 | 0.97 | 0.93 | 0.54 | 0.62 | 0.98 | 1.28 | 1.48 | 1.51 |
| — | -53.9% | +90.6% | +2.4% | +23.1% | -1.1% | -27.7% | -63.6% | -59.0% | -34.8% | -40.0% | -28.6% | -1.1% | |
| Interest Coverage | 11.19 | 10.85 | 8.03 | 7.55 | 7.67 | 7.54 | 7.68 | 7.76 | 8.46 | 10.20 | 15.70 | 15.72 | 15.74 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Start ComparisonPublic Storage's current P/E is 34.1x. The average P/E over the last 4 quarters is 32.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Public Storage's current operating margin is 70.6%. Margins have been expanding 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.