Stocktoria
Public Storage PSA
NYSE · XNYS · reit · Real Estate Investment Trusts · website · IPO 1984-10-19
Public Storage statistics & valuation
Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else is from filings.
P / E vs its own history
Public Storage trades at about 35.4× earnings — above its 10-year norm (10-year range 13×–36.3×, median 30.7×).
13×
36.3×
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | 73.0% | 73.5% | 73.9% |
| Operating margin | — | — | — | — | — | — | — | — | 53.3% | 53.7% |
| Net margin | 37.0% | 44.1% | 47.6% | 104.0% | 57.2% | 46.6% | 53.3% | 62.0% | 54.0% | 56.8% |
| Return on assets | 8.8% | 10.5% | 10.8% | 24.8% | 11.2% | 11.5% | 13.4% | 15.7% | 13.4% | 14.3% |
| Return on equity | 19.1% | 21.1% | 21.3% | 42.8% | 20.9% | 15.8% | 16.7% | 18.7% | 16.1% | 15.4% |
| Debt / equity | 1.10× | 0.95× | 0.90× | 0.68× | 0.80× | 0.30× | 0.21× | 0.15× | 0.16× | 0.04× |
Source: SEC EDGAR filings · CIK 0001393311 · as of 2025-12-31. Facts from filings plus Stocktoria's own computed scores — not investment advice.