The historical rank and industry rank for Extra Space Storage's PB Ratio or its related term are showing as below:
MEX:EXR'
s PB Ratio Range Over the Past 10 Years
Min: 1.52 Med: 4.97 Max: 9.75
Current: 2.33
During the past 13 years, Extra Space Storage's highest PB Ratio was 9.75. The lowest was 1.52. And the median was 4.97.
MEX:EXR's PB Ratio is ranked worse than 93% of 929
companies
in the REITs industry
Industry Median: 0.87
vs MEX:EXR: 2.33
During the past 12 months, Extra Space Storage's average Book Value Per Share Growth Rate was -3.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 37.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 33.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 16.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Extra Space Storage was 143.30% per year. The lowest was 0.60% per year. And the median was 7.50% per year.
Back to Basics: PB Ratio
Extra Space Storage (MEX:EXR) PB Ratio Explanation
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.
Extra Space Storage PB Ratio Related Terms
Extra Space Storage PB Ratio Historical Data
* Premium members only.
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.
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.
Extra Space Storage PB Ratio vs REITs Industry
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.
* 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:
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 (MEX:EXR) has a PB Ratio of 2.29 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Extra Space Storage and its competitors. This is 54% below median its historical median of 4.97. Over the past decade, Extra Space Storage's PB Ratio has ranged from 1.52 to 9.75. According to the industry distribution chart, Extra Space Storage ranks #864 out of 929 companies in the REITs industry, placing it in the top 93%.
Is Extra Space Storage's PB Ratio too high?
Extra Space Storage's current PB Ratio of 2.29 is 54% below median its 10-year median of 4.97. Over the past 10 years, this metric has ranged from a low of 1.52 to a high of 9.75. The REITs industry median PB Ratio is 0.87. Extra Space Storage's value of 2.29 is 163.2% above this industry median. Based on the distribution chart, Extra Space Storage ranks #864 out of 929 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Extra Space Storage has a GF Score™ of 92/100, reflecting its overall financial health beyond just this single metric.
How does Extra Space Storage's PB Ratio compare to EGP and LINE?
According to the REITs industry distribution chart, Extra Space Storage ranks #864 out of 929 companies for PB Ratio. This places Extra Space Storage in the lower half of its industry. The industry median PB Ratio is 0.87. Extra Space Storage's value of 2.29 is 163.2% above this benchmark. Historically, Extra Space Storage's own PB Ratio has ranged from 1.52 to 9.75 over the past decade. While the company's 10-year median is 4.97 vs. the industry median of 0.87, Extra Space 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 PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.87, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Extra Space Storage's current PB Ratio of 2.29 is 163.2% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Extra Space Storage and its competitors. For the REITs industry, the median PB Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Extra Space Storage's current PB Ratio is 2.29, which is 54% below median its own 10-year median of 4.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Extra Space Storage stock overvalued right now?
Extra Space Storage (MEX:EXR) has a current PB Ratio of 2.29. The stock's GF Value™ is MXN2,635.14, compared to a current price of MXN2,607.33 — trading 1.1% below its estimated fair value. The current PB Ratio is 2.29, which is 54% below median its 10-year median of 4.97 and 163.2% above the REITs industry median of 0.87. Extra Space Storage's overall GF Score™ is 92/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Extra Space Storage (MEX:EXR), the current PB Ratio is 2.29 as of Jun. 26, 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 Extra Space Storage (MEX:EXR) Overvalued in 2026?
Based on GuruFocus' analysis, Extra Space Storage stock appears to be undervalued.
The current stock price of MXN2,607.33 is trading 1.1% below its estimated GF Value™ of MXN2,635.14.
Key valuation signals for MEX:EXR:
PB Ratio: 2.29 (54% below median its 10-year median of 4.97)
GF Value™: MXN2,635.14 vs. price of MXN2,607.33 (1.1% below fair value)
Industry Position: 163.2% above the REITs median (#864 of 929)
No single metric tells the full story. See the MEX:EXR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages more than 4,200 self-storage properties in 43 states, with over 330 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.
92GF Score
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