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Public StorageFRA:PUP +3.32%89 Cyclically Adjusted PS Ratio is 67.58 as of Jul. 27, 2026, which is 14% below its 10-year median of 78.80. GuruFocus rates FRA:PUP with a GF Score™ of 89/100 and a GF Value™ of €261.46 (Fairly Valued). The stock has 5 warning signs investors should review. Among 547 REITs companies, Public Storage ranks worse than 99.63% on this metric.
The historical rank and industry rank for Public Storage's Cyclically Adjusted PS Ratio or its related term are showing as below:
FRA:PUP'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 55.34 Med: 78.8 Max: 118.54
Current: 67.18
During the past years, Public Storage's highest Cyclically Adjusted PS Ratio was 118.54. The lowest was 55.34. And the median was 78.80.
FRA:PUP's Cyclically Adjusted PS Ratio is ranked worse than 99.63% of 547
companies
in the REITs industry
Industry Median: 5.82
vs FRA:PUP: 67.18
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Public Storage's adjusted revenue per share data for the three months ended in Mar. 2026 was €1.197. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €4.05 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Public Storage (FRA:PUP) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.
Public Storage Cyclically Adjusted PS Ratio Related Terms
Public Storage Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Public Storage's Cyclically Adjusted PS 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.
FRA:PUP vs EXR, EGP, CUBE: Cyclically Adjusted PS Ratio Comparison
For the REIT - Industrial subindustry, Public Storage's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.
Public Storage Cyclically Adjusted PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Public Storage's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Public Storage's Cyclically Adjusted PS Ratio falls into.
Public Storage Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.
Public Storage's Cyclically Adjusted PS 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.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PS Ratio of 67.58 mean?
Public Storage (FRA:PUP) has a Cyclically Adjusted PS Ratio of 67.58 as of Jul. 27, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Public Storage and its competitors. This is 14% below median its historical median of 78.80. Over the past decade, Public Storage's Cyclically Adjusted PS Ratio has ranged from 55.34 to 118.54. According to the industry distribution chart, Public Storage ranks #545 out of 547 companies in the REITs industry, placing it in the top 99.6%.
Is Public Storage's Cyclically Adjusted PS Ratio too high?
Public Storage's current Cyclically Adjusted PS Ratio of 67.58 is 14% below median its 10-year median of 78.80. Over the past 10 years, this metric has ranged from a low of 55.34 to a high of 118.54. The REITs industry median Cyclically Adjusted PS Ratio is 5.82. Public Storage's value of 67.58 is 1061.2% above this industry median. Based on the distribution chart, Public Storage ranks #545 out of 547 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Public Storage has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Public Storage's Cyclically Adjusted PS Ratio compare to EXR and EGP?
According to the REITs industry distribution chart, Public Storage ranks #545 out of 547 companies for Cyclically Adjusted PS Ratio. This places Public Storage in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.82. Public Storage's value of 67.58 is 1061.2% above this benchmark. Historically, Public Storage's own Cyclically Adjusted PS Ratio has ranged from 55.34 to 118.54 over the past decade. While the company's 10-year median is 78.80 vs. the industry median of 5.82, Public Storage has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a REITs company?
The median Cyclically Adjusted PS Ratio among REITs companies is 5.82, based on 547 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Public Storage's current Cyclically Adjusted PS Ratio of 67.58 is 1061.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Public Storage and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Public Storage's current Cyclically Adjusted PS Ratio is 67.58, which is 14% below median its own 10-year median of 78.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Public Storage stock overvalued right now?
Based on GuruFocus' analysis, Public Storage (FRA:PUP) is currently considered Fairly Valued. The stock's GF Value™ is €261.46, compared to a current price of €273.70 — trading 4.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 67.58, which is 14% below median its 10-year median of 78.80 and 1061.2% above the REITs industry median of 5.82. Public Storage's overall GF Score™ is 89/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Public Storage (FRA:PUP), the current Cyclically Adjusted PS Ratio is 67.58 as of Jul. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Public Storage (FRA:PUP) Overvalued in 2026?
Based on GuruFocus' analysis, Public Storage stock appears to be overvalued.
The current stock price of €273.70 is trading 4.7% above its estimated GF Value™ of €261.46.
GuruFocus considers Public Storage to be Fairly Valued.
Key valuation signals for FRA:PUP:
Cyclically Adjusted PS Ratio: 67.58 (14% below median its 10-year median of 78.80)
GF Value™: €261.46 vs. price of €273.70 (4.7% above fair value)
Industry Position: 1061.2% above the REITs median (#545 of 547)
No single metric tells the full story. See the FRA:PUP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Public Storage is the largest owner of self-storage facilities in the US, with more than 3,500 self-storage facilities in 40 states and approximately 258 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.
89GF Score
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