The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-25), Life Storage's share price is $133.10. Life Storage's Book Value per Share for the quarter that ended in Mar. 2023 was $41.91. Hence, Life Storage's PB Ratio of today is 3.18.
The historical rank and industry rank for Life Storage's PB Ratio or its related term are showing as below:
LSI'
s PB Ratio Range Over the Past 10 Years
Min: 1.62 Med: 2.57 Max: 3.79
Current: 3.18
During the past 13 years, Life Storage's highest PB Ratio was 3.79. The lowest was 1.62. And the median was 2.57.
LSI's PB Ratio is not ranked
in the REITs industry.
Industry Median: 0.835
vs LSI: 3.18
During the past 12 months, Life Storage's average Book Value Per Share Growth Rate was 1.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Life Storage was 18.90% per year. The lowest was -7.50% per year. And the median was 3.30% per year.
Back to Basics: PB Ratio
Life Storage PB Ratio Historical Data
The historical data trend for Life Storage's PB Ratio 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.
For the REIT - Industrial subindustry, Life Storage's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Life Storage's PB Ratio distribution charts can be found below:
* The bar in red indicates where Life Storage's PB Ratio falls into.
Life Storage PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Life Storage's PB Ratio for today is calculated as follows:
* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Life Storage PB Ratio Related Terms
Thank you for viewing the detailed overview of Life Storage's PB Ratio 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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