PSA (Public Storage) Debt-to-EBITDA : (As of Jun. 2026)

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PSA Public Storage PSA
90 GF Score
Price $296.31
GF Value $309.35
Valuation Fairly Valued
! 4 Warning Signs
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What is Public Storage Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Public Storage's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $650 Mil. Public Storage's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $9,530 Mil. Public Storage's annualized EBITDA for the quarter that ended in Jun. 2026 was $3,513 Mil. Public Storage's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 2.90.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Public Storage's Debt-to-EBITDA or its related term are showing as below:

PSA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.21   Med: 1.28   Max: 3.16
Current: 2.88

During the past 13 years, the highest Debt-to-EBITDA Ratio of Public Storage was 3.16. The lowest was 0.21. And the median was 1.28.

PSA's Debt-to-EBITDA is ranked better than
86.21% of 573 companies
in the REITs industry
Industry Median: 6.32 vs PSA: 2.88

Public Storage  (NYSE:PSA) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Public Storage Debt-to-EBITDA Related Terms


Public Storage Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Public Storage's Debt-to-EBITDA 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.

Public Storage Debt-to-EBITDA Chart

Public Storage Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
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Public Storage Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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PSA vs EXR, EGP, CUBE: Debt-to-EBITDA Comparison

For the REIT - Industrial subindustry, Public Storage's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, Public Storage's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Public Storage's Debt-to-EBITDA falls into.


PSA
90GF Score
Public Storage PSA
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Public Storage Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Public Storage's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1150.138 + 9103.743) / 3246.139
=3.16

Public Storage's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(650.07 + 9530.145) / 3512.768
=2.90

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

Is Public Storage (PSA) Overvalued in 2026?

Based on GuruFocus' analysis, Public Storage stock appears to be undervalued. The current stock price of $296.31 is trading 4.2% below its estimated GF Value™ of $309.35. GuruFocus considers Public Storage to be Fairly Valued.

Key valuation signals for PSA:

  • Debt-to-EBITDA:
  • GF Value™: $309.35 vs. price of $296.31 (4.2% below fair value)
  • GF Score™: 90/100 with 4 warning signs

No single metric tells the full story. See the PSA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Public Storage Business Description

Industry Real EstateREITs
Address 2811 Internet Boulevard, Frisco, TX, USA, 75034
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.
90GF Score

Get the complete analysis for PSA

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$296.31
Price
$309.35
GF Value