Public StorageFRA:PUP +1.03%87 EV-to-FCF is 25.25 as of Jul. 02, 2026, which is 6% above its 10-year median of 23.89. GuruFocus rates FRA:PUP with a GF Score™ of 87/100 and a GF Value™ of €261.10 (Fairly Valued). The stock has 6 warning signs investors should review. Among 738 REITs companies, Public Storage ranks worse than 54.47% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Public Storage's Enterprise Value is €62,401 Mil.
Public Storage's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €2,471 Mil. Therefore, Public Storage's EV-to-FCF for today is 25.25.
The historical rank and industry rank for Public Storage's EV-to-FCF or its related term are showing as below:
FRA:PUP'
s EV-to-FCF Range Over the Past 10 Years
Min: 18.27 Med: 23.89 Max: 35.24
Current: 24.71
During the past 13 years, the highest EV-to-FCF of Public Storage was 35.24. The lowest was 18.27. And the median was 23.89.
FRA:PUP's EV-to-FCF is ranked worse than 54.47% of 738
companies
in the REITs industry
Industry Median: 22.97
vs FRA:PUP: 24.71
EV-to-FCF 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-FCF 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 €274.00.
Public Storage's Earnings per Share (Diluted) 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 €8.322.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Public Storage EV-to-FCF Related Terms
Public Storage EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Public Storage's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs REITs Industry
For the REITs industry and Real Estate sector, Public Storage's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Public Storage's EV-to-FCF falls into.
Public Storage's current Enterprise Value is €62,401 Mil.
Public Storage's Free Cash Flow 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 €2,471 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 (FRA:PUP) has a EV-to-FCF of 25.25 as of Jul. 02, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Public Storage and its competitors. This is near median its historical median of 23.89. Over the past decade, Public Storage's EV-to-FCF has ranged from 18.27 to 35.24. According to the industry distribution chart, Public Storage ranks #402 out of 738 companies in the REITs industry, placing it in the top 54.5%.
Is Public Storage's EV-to-FCF too high?
Public Storage's current EV-to-FCF of 25.25 is near median its 10-year median of 23.89. Over the past 10 years, this metric has ranged from a low of 18.27 to a high of 35.24. The REITs industry median EV-to-FCF is 22.97. Public Storage's value of 25.25 is 9.9% above this industry median. Based on the distribution chart, Public Storage ranks #402 out of 738 companies in the REITs industry, which is below the industry midpoint. Overall, Public Storage has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Public Storage's EV-to-FCF compare to EXR and EGP?
According to the REITs industry distribution chart, Public Storage ranks #402 out of 738 companies for EV-to-FCF. This places Public Storage in the lower half of its industry. The industry median EV-to-FCF is 22.97. Public Storage's value of 25.25 is 9.9% above this benchmark. Historically, Public Storage's own EV-to-FCF has ranged from 18.27 to 35.24 over the past decade. While the company's 10-year median is 23.89 vs. the industry median of 22.97, 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-FCF for a REITs company?
The median EV-to-FCF among REITs companies is 22.97, based on 738 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Public Storage's current EV-to-FCF of 25.25 is 9.9% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Public Storage and its competitors. For the REITs industry, the median EV-to-FCF is 22.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Public Storage's current EV-to-FCF is 25.25, which is near median its own 10-year median of 23.89. 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 €261.10, compared to a current price of €274.00 — trading 4.9% above its estimated fair value. The current EV-to-FCF is 25.25, which is near median its 10-year median of 23.89 and 9.9% above the REITs industry median of 22.97. Public Storage's overall GF Score™ is 87/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Public Storage (FRA:PUP), the current EV-to-FCF is 25.25 as of Jul. 02, 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 €274.00 is trading 4.9% above its estimated GF Value™ of €261.10.
GuruFocus considers Public Storage to be Fairly Valued.
Key valuation signals for FRA:PUP:
EV-to-FCF: 25.25 (near median its 10-year median of 23.89)
GF Value™: €261.10 vs. price of €274.00 (4.9% above fair value)
Industry Position: 9.9% above the REITs median (#402 of 738)
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.
87GF Score
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