PSA P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
PSA's p/e ratio is lower than 65% of the last 10 years.
P/E ratio History
PSA P/E ratio by year
Yearly range of PSA’s p/e ratio from 2016 to 2026. Over the full period it ranged from 11.2 to 45.6, averaging 29.1.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 28.0 | 31.3 | 34.5 | 28.2 |
| 2025 | 26.5 | 29.5 | 32.5 | 28.8 |
| 2024 | 23.4 | 29.0 | 37.7 | 28.2 |
| 2023 | 11.4 | 15.4 | 28.2 | 28.0 |
| 2022 | 11.2 | 27.4 | 40.8 | 11.4 |
| 2021 | 34.0 | 40.5 | 45.6 | 37.9 |
| 2020 | 22.0 | 30.1 | 36.8 | 36.8 |
| 2019 | 22.8 | 26.9 | 31.6 | 29.2 |
| 2018 | 23.7 | 29.3 | 33.8 | 23.7 |
| 2017 | 28.0 | 30.8 | 33.7 | 30.5 |
| 2016 | 31.0 | 33.0 | 35.7 | 34.3 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is PSA P/E ratio High or Low Right Now?
Public Storage's P/E ratio is currently 28.2, which is below average relative to its 10-year historical range. The 10-year median P/E ratio for PSA is approximately 29.7. See all PSA valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.