Extra Space Storage Inc.EXR

Where EXR's P/B sits inside its own 10-year distribution, with the yearly high, low and average.

$139.25-1.73 (-1.23%)Previous close
NYSEReal Estate

EXR P/B: current value, 10-year range and year-by-year history

2.2Historically cheap

EXR's p/b is lower than 83% of the last 10 years.

P/B History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
EXR P/B historyEXR P/B from Sep 2023 to Sep 2026: low 1.29, high 4.55, latest 2.16.1.031.982.923.874.82Sep 23Apr 24Nov 24Jun 25Jan 26Sep 26med 2.15

EXR P/B by year

Yearly range of EXR’s p/b from 2016 to 2026. Over the full period it ranged from 1.3 to 9.4, averaging 4.3.

EXR P/B — yearly low, average, high and year-end values
YearLowAverageHighYear-end
20262.02.22.42.2
20251.82.12.32.0
20241.92.22.72.1
20231.34.35.92.0
20225.16.78.35.1
20215.16.99.48.4
20203.54.95.65.5
20194.25.15.95.0
20183.84.44.94.3
20173.54.04.54.5
20163.64.04.44.1

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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.

FormulaPrice / Book Value Per Share
Full guide
How to read this chart

Most useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.

Key caveats
  • Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
  • Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.

Is EXR P/B High or Low Right Now?

Extra Space Storage Inc.'s P/B is currently 2.2, which is historically cheap relative to its 10-year historical range. The 10-year median P/B for EXR is approximately 4.4. See all EXR valuation metrics →

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