EXR EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
EXR's ev/ebitda is lower than 95% of the last 10 years.
EV/EBITDA History
EXR EV/EBITDA by year
Yearly range of EXR’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 12.1 to 35.9, averaging 22.1.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 12.1 | 14.1 | 15.2 | 13.8 |
| 2025 | 13.7 | 18.4 | 20.8 | 13.7 |
| 2024 | 19.2 | 22.2 | 26.4 | 19.7 |
| 2023 | 17.5 | 21.0 | 26.7 | 26.5 |
| 2022 | 21.2 | 27.0 | 33.8 | 21.4 |
| 2021 | 23.4 | 29.4 | 35.9 | 34.4 |
| 2020 | 17.9 | 21.9 | 24.5 | 24.5 |
| 2019 | 20.2 | 23.2 | 26.0 | 22.9 |
| 2018 | 19.9 | 21.6 | 23.4 | 20.7 |
| 2017 | 19.5 | 20.5 | 21.4 | 21.4 |
| 2016 | 23.3 | 24.3 | 25.3 | 25.3 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is EXR EV/EBITDA High or Low Right Now?
Extra Space Storage Inc.'s EV/EBITDA is currently 13.8, which is near historic low relative to its 10-year historical range. The 10-year median EV/EBITDA for EXR is approximately 21.7. See all EXR valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.