Question 1

What is Public Storage's P/S ratio?

Accepted Answer

Public Storage (PSA) P/S ratio is 11.2× 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 Public 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 Public Storage specifically, the relevant sector benchmark is the current sector median of 7.0×.

Question 5

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

Accepted Answer

Public Storage's P/S ratio of 11.2× is below its own 5-year average of 12.7× and above the sector median of 7.0×. That places the current reading at the 38th 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 Public Storage's historical P/S ratio range?

Accepted Answer

In the available daily series, Public Storage (PSA) P/S ratio has ranged from a low of 4.5× in 2003 to a high of 21.6× in 2022. The 5-year average is 12.7× and the 5-year median is 11.7×.

Question 7

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

Accepted Answer

Public Storage (PSA) P/S ratio at the end of 2025 was 9.4×. 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 Public 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	$45.53B	$4.82B	9.4×	-1.7×	Dec 31, 2025
2024	$52.46B	$4.70B	11.2×	-0.7×	Dec 31, 2024
2023	$53.58B	$4.52B	11.9×	+0.1×	Dec 31, 2023
2022	$49.13B	$4.18B	11.7×	-7.4×	Dec 31, 2022
2021	$65.57B	$3.42B	19.2×	+5.4×	Dec 31, 2021
2020	$40.30B	$2.93B	13.8×	+0.7×	Dec 31, 2020
2019	$37.14B	$2.85B	13.0×	+0.3×	Dec 31, 2019
2018	$35.23B	$2.75B	12.8×	-0.8×	Dec 31, 2018
2017	$36.32B	$2.67B	13.6×	-1.5×	Dec 31, 2017
2016	$38.71B	$2.56B	15.1×	-2.9×	Dec 31, 2016
2015	$42.82B	$2.38B	18.0×	+3.4×	Dec 31, 2015
2014	$31.87B	$2.19B	14.5×	+1.5×	Dec 31, 2014
2013	$25.85B	$1.98B	13.0×	-0.4×	Dec 31, 2013
2012	$24.77B	$1.84B	13.5×	+0.4×	Dec 31, 2012
2011	$22.87B	$1.74B	13.1×	+2.7×	Dec 31, 2011
2010	$17.14B	$1.65B	10.4×	+2.0×	Dec 31, 2010
2009	$13.72B	$1.63B	8.4×	+0.7×	Dec 31, 2009
2008	$13.38B	$1.73B	7.7×	+0.9×	Dec 31, 2008
2007	$12.38B	$1.81B	6.8×	-5.1×	Dec 31, 2007
2006	$16.50B	$1.38B	11.9×	+4.0×	Dec 31, 2006
2005	$8.67B	$1.09B	8.0×	+0.3×	Dec 31, 2005
2004	$7.16B	$927.64M	7.7×	+1.4×	Dec 31, 2004
2003	$5.49B	$869.92M	6.3×	+1.6×	Dec 31, 2003
2002	$4.00B	$846.83M	4.7×	-0.1×	Dec 31, 2002
2001	$4.02B	$833.02M	4.8×	—	Dec 31, 2001


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 Public Storage (PSA)

P/S Ratio daily chart for Public Storage (PSA)

Historical P/S Ratio for Public Storage (PSA) from 2001 to 2025

About P/S Ratio at Public Storage (PSA)

Public Storage P/S Ratio by Year

Public Storage P/S Ratio 2025: 9.4×

Public Storage P/S Ratio 2024: 11.2×

Public Storage P/S Ratio 2023: 11.9×

Public Storage P/S Ratio 2022: 11.7×

Public Storage P/S Ratio 2021: 19.2×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Public Storage (PSA) Key Financials

P/S Ratio daily chart for Public Storage (PSA)

Historical P/S Ratio for Public Storage (PSA) from 2001 to 2025

About P/S Ratio at Public Storage (PSA)

Public Storage P/S Ratio by Year

Public Storage P/S Ratio 2025: 9.4×

Public Storage P/S Ratio 2024: 11.2×

Public Storage P/S Ratio 2023: 11.9×

Public Storage P/S Ratio 2022: 11.7×

Public Storage P/S Ratio 2021: 19.2×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Public 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 Public Storage?

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

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

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

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

Public Storage (PSA) Key Financials