As of today (2024-04-26), Life Storage's share price is $133.10. Life Storage's Tangible Book per Share of Mar. 2023 for the quarter that ended in Mar. 2023 was $41.72. Hence, Life Storage's Price to Tangible Book Ratio of today is 3.19.
The historical rank and industry rank for Life Storage's Price-to-Tangible-Book or its related term are showing as below:
LSI'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.69 Med: 2.47 Max: 3.81
Current: 3.19
During the past 13 years, Life Storage's highest Price to Tangible Book Ratio was 3.81. The lowest was 1.69. And the median was 2.47.
LSI's Price-to-Tangible-Book is not ranked
in the REITs industry.
Industry Median: 0.83
vs LSI: 3.19
Life Storage Price-to-Tangible-Book Historical Data
The historical data trend for Life Storage's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Life Storage's Price-to-Tangible-Book
For the REIT - Industrial subindustry, Life Storage's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Life Storage's Price-to-Tangible-Book Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Life Storage's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Life Storage's Price-to-Tangible-Book falls into.
Life Storage Price-to-Tangible-Book Calculation
Life Storage's price-to-tangible-book ratio for today is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Life Storage Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Life Storage's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Life Storage Inc (which was rebranded from Sovran Self Storage, Inc in 2016) is a fully integrated, real estate investment trust that acquires and manages self-storage properties throughout the United States. The company operates under the brand names Life Storage. Approximately under half of the company's revenue is derived from stores in the states of Texas and Florida. The remainder of sales is distributed across the United States. The company's operations in rental income from customers renting storage space on a month-to-month basis generate a majority of operating revenue. The company also offers storage to both individuals of commercial renters and has special storage units available for vehicles and wine.
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