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Public StoragePSA -0.85%89 EV-to-OCF is 23.72 as of Aug. 15, 2026, which is 75% below its 10-year median of 93.33. GuruFocus rates PSA with a GF Score™ of 89/100 and a GF Value™ of $308.57 (Fairly Valued). The stock has 7 warning signs investors should review. Among 929 REITs companies, Public Storage ranks worse than 67.28% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Public Storage's Enterprise Value is $75,232 Mil.
Public Storage's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $3,172 Mil. Therefore, Public Storage's EV-to-OCF for today is 23.72.
The historical rank and industry rank for Public Storage's EV-to-OCF or its related term are showing as below:
PSA'
s EV-to-OCF Range Over the Past 10 Years
Min: 23.72 Med: 93.33 Max: 140.7
Current: 23.72
During the past 13 years, the highest EV-to-OCF of Public Storage was 140.70. The lowest was 23.72. And the median was 93.33.
PSA's EV-to-OCF is ranked worse than 67.28% of 929
companies
in the REITs industry
Industry Median: 18.21
vs PSA: 23.72
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Public Storage's PE Ratio (TTM) for today is calculated as:
Public Storage's share price for today is $325.93.
Public Storage's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.096.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Public Storage EV-to-OCF Related Terms
Public Storage EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Public Storage's EV-to-OCF 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, Public Storage's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs REITs Industry
For the REITs industry and Real Estate sector, Public Storage's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Public Storage's EV-to-OCF falls into.
Public Storage's current Enterprise Value is $75,232 Mil.
Public Storage's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,172 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.
Public Storage (PSA) has a EV-to-OCF of 23.72 as of Aug. 15, 2026. This is 75% below median its historical median of 93.33. Over the past decade, Public Storage's EV-to-OCF has ranged from 23.72 to 140.70. According to the industry distribution chart, Public Storage ranks #625 out of 929 companies in the REITs industry, placing it in the top 67.3%.
Is Public Storage's EV-to-OCF too high?
Public Storage's current EV-to-OCF of 23.72 is 75% below median its 10-year median of 93.33. Over the past 10 years, this metric has ranged from a low of 23.72 to a high of 140.70. The REITs industry median EV-to-OCF is 18.21. Public Storage's value of 23.72 is 30.3% above this industry median. Based on the distribution chart, Public Storage ranks #625 out of 929 companies in the REITs industry, which is below the industry midpoint. 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 EV-to-OCF compare to EXR and EGP?
According to the REITs industry distribution chart, Public Storage ranks #625 out of 929 companies for EV-to-OCF. This places Public Storage in the lower half of its industry. The industry median EV-to-OCF is 18.21. Public Storage's value of 23.72 is 30.3% above this benchmark. Historically, Public Storage's own EV-to-OCF has ranged from 23.72 to 140.70 over the past decade. While the company's 10-year median is 93.33 vs. the industry median of 18.21, 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 EV-to-OCF for a REITs company?
The median EV-to-OCF among REITs companies is 18.21, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Public Storage's current EV-to-OCF of 23.72 is 30.3% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median EV-to-OCF is 18.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Public Storage's current EV-to-OCF is 23.72, which is 75% below median its own 10-year median of 93.33. 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 (PSA) is currently considered Fairly Valued. The stock's GF Value™ is $308.57, compared to a current price of $325.93 — trading 5.6% above its estimated fair value. The current EV-to-OCF is 23.72, which is 75% below median its 10-year median of 93.33 and 30.3% above the REITs industry median of 18.21. Public Storage's overall GF Score™ is 89/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Public Storage (PSA), the current EV-to-OCF is 23.72 as of Aug. 15, 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 (PSA) Overvalued in 2026?
Based on GuruFocus' analysis, Public Storage stock appears to be overvalued.
The current stock price of $325.93 is trading 5.6% above its estimated GF Value™ of $308.57.
GuruFocus considers Public Storage to be Fairly Valued.
Key valuation signals for PSA:
EV-to-OCF: 23.72 (75% below median its 10-year median of 93.33)
GF Value™: $308.57 vs. price of $325.93 (5.6% above fair value)
Industry Position: 30.3% above the REITs median (#625 of 929)
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 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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