Public Storage (STU:PUP) EBIT: €1,908 Mil (TTM As of Mar. 2026)


STU:PUP Public Storage STU:PUP
87 GF Score
Price €281.20
GF Value €269.35
! 5 Warning Signs
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What is Public Storage EBIT?

Public Storage STU:PUP +0.61% 87 EBIT is €1,908 Mil as of Mar. 2026. GuruFocus rates STU:PUP with a GF Score™ of 87/100 and a GF Value™ of €269.35. The stock has 5 warning signs investors should review.

Public Storage's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €528 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €1,908 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Public Storage's annualized ROC % for the quarter that ended in Mar. 2026 was 11.27%. Public Storage's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1,238.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Public Storage's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.07%.


Public Storage  (STU:PUP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Public Storage's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1926.264 * ( 1 - 0.3% )/( (16865.135 + 17212.029)/ 2 )
=1920.485208/17038.582
=11.27 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=17258.148 - 523.407 - ( 271.653 - max(0, 523.407 - 393.013+271.653))
=16865.135

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=17170.604 - 431.134 - ( 116.437 - max(0, 712.259 - 239.7+116.437))
=17212.029

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Public Storage's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2113.928/( ( (165.979 + max(-523.407, 0)) + (175.372 + max(-431.134, 0)) )/ 2 )
=2113.928/( ( 165.979 + 175.372 )/ 2 )
=2113.928/170.6755
=1,238.57 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + -5.6843418860808E-14) - (523.407 + 0 + 0)
=-523.407

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (431.134 + 0 + 0)
=-431.134

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Public Storage's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1907.961/62232.805
=3.07 %

* 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 EBIT Related Terms


Public Storage EBIT Historical Data

* Premium members only.

The historical data trend for Public Storage's EBIT 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 EBIT Chart

Public Storage Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,825.56 4,263.97 2,175.19 2,269.54 1,788.53

Public Storage Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 447.91 378.24 508.90 492.35 528.48

STU:PUP vs EXR, EGP, LINE: EBIT Comparison

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

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

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


STU:PUP
87GF Score
Public Storage STU:PUP
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Public Storage EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,908 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €1,908 Mil mean?
Public Storage (STU:PUP) has a EBIT of €1,908 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Public Storage.
Is Public Storage's EBIT too high?
Public Storage's current EBIT is €1,908 Mil. Overall, Public Storage has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Public Storage's EBIT compare to EXR and EGP?
Public Storage's EBIT of €1,908 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Public Storage. Public Storage's current EBIT is €1,908 Mil. 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?
Public Storage (STU:PUP) has a current EBIT of €1,908 Mil. The stock's GF Value™ is €269.35, compared to a current price of €281.20 — trading 4.4% above its estimated fair value. The current EBIT is €1,908 Mil. Public Storage's overall GF Score™ is 87/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Public Storage (STU:PUP), the current EBIT is €1,908 Mil as of Mar. 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 (STU:PUP) Overvalued in 2026?

Based on GuruFocus' analysis, Public Storage stock appears to be overvalued. The current stock price of €281.20 is trading 4.4% above its estimated GF Value™ of €269.35.

Key valuation signals for STU:PUP:

  • EBIT: €1,908 Mil
  • GF Value™: €269.35 vs. price of €281.20 (4.4% above fair value)
  • GF Score™: 87/100 with 5 warning signs

No single metric tells the full story. See the STU:PUP 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.
87GF Score

Get the complete analysis for STU:PUP

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

€281.20
Price
€269.35
GF Value