Question 1

What is Extra Space Storage's P/S ratio?

Accepted Answer

Extra Space Storage (EXR) P/S ratio is 9.4× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Extra Space Storage?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Extra Space Storage specifically, the relevant sector benchmark is the current sector median of 7.0×.

Question 5

Is Extra Space Storage's P/S ratio high or low?

Accepted Answer

Extra Space Storage's P/S ratio of 9.4× is below its own 5-year average of 11.6× and above the sector median of 7.0×. That places the current reading at the 26th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Extra Space Storage's historical P/S ratio range?

Accepted Answer

In the available daily series, Extra Space Storage (EXR) P/S ratio has ranged from a low of 0.7× in 2004 to a high of 20.8× in 2021. The 5-year average is 11.6× and the 5-year median is 10.4×.

Question 7

What was Extra Space Storage's P/S ratio in 2025?

Accepted Answer

Extra Space Storage (EXR) P/S ratio at the end of 2025 was 8.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Extra Space Storage's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$27.56B	$3.38B	8.2×	-1.3×	Dec 31, 2025
2024	$31.68B	$3.34B	9.5×	-3.5×	Dec 31, 2024
2023	$33.84B	$2.62B	12.9×	+2.9×	Dec 31, 2023
2022	$19.71B	$1.97B	10.0×	-8.8×	Dec 31, 2022
2021	$30.36B	$1.61B	18.9×	+7.9×	Dec 31, 2021
2020	$15.11B	$1.38B	11.0×	+0.6×	Dec 31, 2020
2019	$13.66B	$1.32B	10.3×	+0.9×	Dec 31, 2019
2018	$11.44B	$1.21B	9.4×	-0.4×	Dec 31, 2018
2017	$11.02B	$1.12B	9.8×	+0.2×	Dec 31, 2017
2016	$9.70B	$1.00B	9.6×	-4.1×	Dec 31, 2016
2015	$10.90B	$794.62M	13.7×	+3.4×	Dec 31, 2015
2014	$6.80B	$658.10M	10.3×	+1.4×	Dec 31, 2014
2013	$4.78B	$532.27M	9.0×	-0.5×	Dec 31, 2013
2012	$3.92B	$415.26M	9.4×	+2.7×	Dec 31, 2012
2011	$2.21B	$329.83M	6.7×	+1.3×	Dec 31, 2011
2010	$1.52B	$281.50M	5.4×	+1.8×	Dec 31, 2010
2009	$998.36M	$280.48M	3.6×	+0.5×	Dec 31, 2009
2008	$843.53M	$273.25M	3.1×	-0.8×	Dec 31, 2008
2007	$927.44M	$238.87M	3.9×	-1.0×	Dec 31, 2007
2006	$958.68M	$197.26M	4.9×	+0.6×	Dec 31, 2006
2005	$576.97M	$134.73M	4.3×	+1.2×	Dec 31, 2005
2004	$203.17M	$66.06M	3.1×	—	Dec 31, 2004


AvalonBay Communities (AVB)	7.5×
American Tower (AMT)	7.4×
VICI Properties (VICI)	7.2×
Equity Residential (EQR)	7.1×
Kimco Realty (KIM)	7.0×
Federal Realty Investment Trust (FRT)	7.0×
Camden Property Trust (CPT)	6.5×
UDR (UDR)	6.4×
Tanger (SKT)	6.4×
Mid-America Apartment Communities (MAA)	6.4×
SBA Communications (SBAC)	6.4×
Ventas (VTR)	6.3×
Invitation Homes (INVH)	5.4×
CoStar Group (CSGP)	4.9×
Apartment Investment and Management (AIV)	4.5×
Iron Mountain (IRM)	4.2×
Healthpeak Properties (DOC)	4.0×
Universal Health Realty Income Trust (UHT)	3.8×
Alexandria Real Estate Equities (ARE)	3.0×
Medical Properties Trust (MPT)	2.8×
BXP (BXP)	2.4×
Host Hotels & Resorts (HST)	2.2×
Arbor Realty Trust (ABR)	1.2×
Opendoor Technologies (OPEN)	1.1×
CBRE Group (CBRE)	0.9×

P/S Ratio for Extra Space Storage (EXR)

P/S Ratio daily chart for Extra Space Storage (EXR)

Historical P/S Ratio for Extra Space Storage (EXR) from 2004 to 2025

About P/S Ratio at Extra Space Storage (EXR)

Extra Space Storage P/S Ratio by Year

Extra Space Storage P/S Ratio 2025: 8.2×

Extra Space Storage P/S Ratio 2024: 9.5×

Extra Space Storage P/S Ratio 2023: 12.9×

Extra Space Storage P/S Ratio 2022: 10.0×

Extra Space Storage P/S Ratio 2021: 18.9×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Extra Space Storage (EXR) Key Financials

P/S Ratio daily chart for Extra Space Storage (EXR)

Historical P/S Ratio for Extra Space Storage (EXR) from 2004 to 2025

About P/S Ratio at Extra Space Storage (EXR)

Extra Space Storage P/S Ratio by Year

Extra Space Storage P/S Ratio 2025: 8.2×

Extra Space Storage P/S Ratio 2024: 9.5×

Extra Space Storage P/S Ratio 2023: 12.9×

Extra Space Storage P/S Ratio 2022: 10.0×

Extra Space Storage P/S Ratio 2021: 18.9×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Extra Space Storage's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Extra Space Storage?

+Is Extra Space Storage's P/S ratio high or low?

+What is Extra Space Storage's historical P/S ratio range?

+What was Extra Space Storage's P/S ratio in 2025?

+Why does Extra Space Storage's P/S ratio change over time?

Extra Space Storage (EXR) Key Financials