As of today (2024-04-24), Public Storage's share price is $262.17. Public Storage's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $30.03. Hence, Public Storage's Price to Tangible Book Ratio of today is 8.73.
The historical rank and industry rank for Public Storage's Price-to-Tangible-Book or its related term are showing as below:
PSA'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 6.47 Med: 8.38 Max: 13.3
Current: 8.73
During the past 13 years, Public Storage's highest Price to Tangible Book Ratio was 13.30. The lowest was 6.47. And the median was 8.38.
PSA's Price-to-Tangible-Book is ranked worse than 98.93% of 842
companies
in the REITs industry
Industry Median: 0.84
vs PSA: 8.73
A closely related ratio is called PB Ratio. As of today, Public Storage's share price is $262.17. Public Storage's Book Value per Sharefor the quarter that ended in Dec. 2023 was $32.24. Hence, Public Storage's P/B Ratio of today is 8.13.
Public Storage Price-to-Tangible-Book Historical Data
The historical data trend for Public 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 Public Storage's Price-to-Tangible-Book
For the REIT - Industrial subindustry, Public 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.
Public Storage's Price-to-Tangible-Book Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Public Storage's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Public Storage's Price-to-Tangible-Book falls into.
Public Storage Price-to-Tangible-Book Calculation
Public 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.
Public Storage Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Public Storage's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Public Storage (Public Storage) Business Description
Public Storage is the largest owner of self-storage facilities in the U.S. with more than 2,880 self-storage facilities in 40 states and approximately 200 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.
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