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National Storage REIT (OTCPK:NTSGF) EV-to-EBIT Explanation
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
National Storage REIT's Enterprise Value for the quarter that ended in Dec. 2025 was $6,246.2 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. National Storage REIT's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $196.0 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.
* 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, National Storage REIT'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.
National Storage REIT EV-to-EBIT vs REITs Industry
For the REITs industry and Real Estate sector, National Storage REIT's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where National Storage REIT's EV-to-EBIT falls into.
National Storage REIT's current Enterprise Value is $6,745.3 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. National Storage REIT's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $196.0 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.
National Storage REIT (NTSGF) has a EV-to-EBIT of 34.41 as of Jul. 29, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on National Storage REIT and its competitors. This is 87% above median its historical median of 18.36. Over the past decade, National Storage REIT's EV-to-EBIT has ranged from 9.45 to 32.58.
Is National Storage REIT's EV-to-EBIT too high?
National Storage REIT's current EV-to-EBIT of 34.41 is 87% above median its 10-year median of 18.36. Over the past 10 years, this metric has ranged from a low of 9.45 to a high of 32.58. The REITs industry median EV-to-EBIT is 18.28. National Storage REIT's value of 34.41 is 88.3% above this industry median. Overall, National Storage REIT has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does National Storage REIT's EV-to-EBIT compare to PLD and PSA?
National Storage REIT's EV-to-EBIT of 34.41 can be compared against companies in the REITs industry. The industry median EV-to-EBIT is 18.28. National Storage REIT's value of 34.41 is 88.3% above this benchmark. Historically, National Storage REIT's own EV-to-EBIT has ranged from 9.45 to 32.58 over the past decade. While the company's 10-year median is 18.36 vs. the industry median of 18.28, National Storage REIT 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 EV-to-EBIT for a REITs company?
The median EV-to-EBIT among REITs companies is 18.28, based on 658 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Storage REIT's current EV-to-EBIT of 34.41 is 88.3% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on National Storage REIT and its competitors. For the REITs industry, the median EV-to-EBIT is 18.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Storage REIT's current EV-to-EBIT is 34.41, which is 87% above median its own 10-year median of 18.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Storage REIT stock overvalued right now?
National Storage REIT (NTSGF) has a current EV-to-EBIT of 34.41. The stock's GF Value™ is $1.72, compared to a current price of $1.83 — trading 6.5% above its estimated fair value. The current EV-to-EBIT is 34.41, which is 87% above median its 10-year median of 18.36 and 88.3% above the REITs industry median of 18.28. National Storage REIT's overall GF Score™ is 78/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For National Storage REIT (NTSGF), the current EV-to-EBIT is 34.41 as of Jul. 29, 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 National Storage REIT (NTSGF) Overvalued in 2026?
Based on GuruFocus' analysis, National Storage REIT stock appears to be overvalued.
The current stock price of $1.83 is trading 6.5% above its estimated GF Value™ of $1.72.
Key valuation signals for NTSGF:
EV-to-EBIT: 34.41 (87% above median its 10-year median of 18.36)
GF Value™: $1.72 vs. price of $1.83 (6.5% above fair value)
No single metric tells the full story. See the NTSGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Storage REIT is the largest self-storage operator in Australia and New Zealand. Majority of its income is derived from rents. Additional revenue streams come from ancillary products and services such as packaging materials, locks, and insurance. The REIT owns most of the centers it operates, and leases roughly a dozen of the sites secured under long-term agreements. The self-storage industry is fragmented, with three large players in National Storage, the listed Abacus Storage King, and privately owned Kennards, accounting for about one-third of the market. The rest are independent operators, with a single center or a small state-based portfolio of assets. Besides organic rent increases, the company's key growth drivers are acquisitions and developments.
78GF Score
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