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The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-12-15), Extra Space Storage's share price is $158.20. Extra Space Storage's Book Value per Share for the quarter that ended in Sep. 2024 was $66.09. Hence, Extra Space Storage's PB Ratio of today is 2.39.
The historical rank and industry rank for Extra Space Storage's PB Ratio or its related term are showing as below:
During the past 13 years, Extra Space Storage's highest PB Ratio was 9.75. The lowest was 1.52. And the median was 5.12.
During the past 12 months, Extra Space Storage's average Book Value Per Share Growth Rate was -3.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 52.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 22.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 10.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Extra Space Storage was 52.00% per year. The lowest was 0.60% per year. And the median was 7.00% per year.
The historical data trend for Extra Space Storage's PB Ratio 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.
Extra Space Storage Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
PB Ratio | Get a 7-Day Free Trial | 5.39 | 5.97 | 9.74 | 6.05 | 2.35 |
Extra Space Storage Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
PB Ratio | Get a 7-Day Free Trial | 1.77 | 2.35 | 2.18 | 2.32 | 2.73 |
For the REIT - Industrial subindustry, Extra Space Storage's PB Ratio, along with its competitors' market caps and PB Ratio 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.
For the REITs industry and Real Estate sector, Extra Space Storage's PB Ratio distribution charts can be found below:
* The bar in red indicates where Extra Space Storage's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Extra Space Storage's PB Ratio for today is calculated as follows:
PB Ratio | = | Share Price | / | Book Value per Share (Q: Sep. 2024) |
= | 158.20 | / | 66.093 | |
= | 2.39 |
* 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.
It can also be calculated from the numbers for the whole company:
PB Ratio | = | Market Cap | / | (Total Stockholders Equity | - | Preferred Stock) |
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Extra Space Storage (NYSE:EXR) PB Ratio Explanation
Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Thank you for viewing the detailed overview of Extra Space Storage's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Diane Olmstead | director | 2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121 |
Joseph D Margolis | director | C/O ARSENAL REAL ESTATE FUNDS, 117 ON THE GREEN, 67 PARK PLACE EAST, MORRISTOWN NJ 07960 |
Kenneth M. Woolley | director | 2795 EAST COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121 |
William N Springer | officer: EVP, Assets & 3rd Party Mgmt | 2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121 |
Gwyn Goodson Mcneal | officer: EVP/Chief Legal Officer | 2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121 |
Joseph J Bonner | director | 2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121 |
Matthew T Herrington | officer: EVP & COO | 2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121 |
Samrat Sondhi | officer: SVP Operations | 2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121 |
Joseph Saffire | director | 6467 MAIN STREET, WILLIAMSVILLE NY 14221 |
Mark G Barberio | director | 19 WIK STREET, WILLIAMSVILLE NY 14221 |
Sue Harnett | director | P.O. BOX 195115, SAN JUAN PR 00919-5115 |
Jennifer Blouin | director | 2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121 |
Jefferson Scott Shreve | director | 2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121 |
P Scott Stubbs | officer: Senior VP Accounting | 2795 EAST COTTONWOOD PARKWAY, SALT LAKE CITY UT 84121 |
Spencer Kirk | director, officer: Chief Executive Officer | 2795 EAST COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121 |
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