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Public Storage PSA Price / book

Price / book at other companies

Extra Space Storage logo
Extra Space StorageEXR
2.1×-0.2×
Realty Income logo
Realty IncomeO
1.5×+0.1×
Prologis logo
PrologisPLD
-0.2×
AvalonBay Communities logo
AvalonBay CommunitiesAVB
-0.6×
W.P. Carey Inc. logo
W.P. Carey Inc.WPC
1.8×+0.1×
Northern Trust logo
Northern TrustNTRS
+0.5×

Other financials

Income statement

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Revenue$1.2B+2.9%
Operating income$474.3M+2.2%
Net income$526.3M+29.0%
EPS (diluted)$2.71+32.8%

Balance sheet

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Cash & equivalents$134.6M-53.1%
Total equity$9.2B-3.6%
Total assets$19.9B+1.2%

Cash flow

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Operating cash flow$694.8M-1.5%

Valuation

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Market cap$54.88B-9.4%
P/E28.8×-1.9×
P/S11.3×-1.5×

Profitability

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Gross margin72%
Operating margin51.6%
Net margin39.2%-2.6pp

Returns & leverage

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Return on equity20.3%+0.1pp
Debt / equity1.1×+0.1×

Where this comes from

Calculated from Public Storage’s reported figures.

Based on the most recent quarter.

The official record: Public Storage’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Public Storage's price / book?
Public Storage (PSA) reported price / book of 5.2× in Q1 2026.
How has Public Storage's price / book changed year-over-year?
Public Storage's price / book decreased by 6.1% year-over-year, from 5.5× to 5.2×.
What is the long-term trend for Public Storage's price / book?
Over 4 years (2021 to 2025), Public Storage's price / book has grown at a -2.7% compound annual growth rate (CAGR), from 23.9× to 21.4×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.