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Public Storage price to book ratio PSA

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026
5.9×
10-year median
4.9×
Against its 10-year history
84th
percentile: 0 is its lowest day, 100 its highest
10-year range
3.3× to 7.7×
Peer median
4.3×

Public Storage's price to book ratio is 5.9× as of Oct 23, 2026.

That is above its ten-year median of 4.9×, higher than on 84% of days in the last ten years.

Over that time it ranged from 3.3× in Mar 2020 to 7.7× in Apr 2022.

The median for 10 real estate stocks of a similar size is 4.3×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far5.9×4.9×6.3×
20254.9×4.9×5.8×
20245.4×4.5×6.5×
20235.3×4.2×5.4×
20224.9×4.9×7.7×
20217.3×4.6×7.3×
20204.8×3.3×4.9×
20194.2×3.9×5.3×
20184.0×3.6×4.6×
20174.1×3.7×4.4×
20164.3×3.9×5.2×
20154.7×3.4×4.7×
20143.5×2.9×3.5×
20133.0×2.9×3.5×
20123.0×2.7×3.1×
20112.7×2.0×2.7×
20102.0×1.5×2.1×
20091.6×1.3×1.6×

Against its peers

Companies in Real Estate nearest Public Storage's size, closest first, today.

CompanyPrice to book ratio
PSAPublic Storage5.9×
ORealty Income1.4×
VMRKVivmark Residential4.5×
DLRDigital Realty Trust2.3×
VTRVentas3.0×
SPGSimon Propertyn/m
CCICrown Castlen/m
CBRECBRE4.3×
AMTAmerican Tower23.7×
IRMIron Mountainn/m
EQIXEquinix6.6×
Peer median4.3×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Public Storage

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.