Extra Space StorageMEX:EXR 92 PE Ratio without NRI is 30.32 as of Jun. 27, 2026, which is 3% below its 10-year median of 31.41. GuruFocus rates MEX:EXR with a GF Score™ of 92/100 and a GF Value™ of MXN2,598.77. The stock has 9 warning signs investors should review. Among 753 REITs companies, Extra Space Storage ranks worse than 80.35% on this metric.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-06-27), Extra Space Storage's share price is MXN2607.33.
Extra Space Storage's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was MXN85.83. Therefore, Extra Space Storage's PE Ratio without NRI for today is 30.32.
During the past 13 years, Extra Space Storage's highest PE Ratio without NRI was 45.96. The lowest was 18.29. And the median was 31.41.
Extra Space Storage's EPS (Basic) for the
three
months ended in Mar. 2026 was MXN20.56.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN81.57.
Extra Space Storage (MEX:EXR) PE Ratio without NRI Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.
Extra Space Storage PE Ratio without NRI Related Terms
Extra Space Storage PE Ratio without NRI Historical Data
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The historical data trend for Extra Space Storage's PE Ratio without NRI 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.
MEX:EXR vs EGP, LINE, CUBE: PE Ratio without NRI Comparison
For the REIT - Industrial subindustry, Extra Space Storage's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs REITs Industry
For the REITs industry and Real Estate sector, Extra Space Storage's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Extra Space Storage's PE Ratio without NRI falls into.
Extra Space Storage PE Ratio without NRI Calculation
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.
Extra Space Storage's Share Price of today is MXN2607.33.
Extra Space Storage's EPS without NRI 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 MXN85.83.
* 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.
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.
For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Extra Space Storage (MEX:EXR) has a PE Ratio without NRI of 30.32 as of Jun. 27, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Extra Space Storage and its competitors. This is near median its historical median of 31.41. Over the past decade, Extra Space Storage's PE Ratio without NRI has ranged from 18.29 to 45.96. According to the industry distribution chart, Extra Space Storage ranks #605 out of 753 companies in the REITs industry, placing it in the top 80.3%.
Is Extra Space Storage's PE Ratio without NRI too high?
Extra Space Storage's current PE Ratio without NRI of 30.32 is near median its 10-year median of 31.41. Over the past 10 years, this metric has ranged from a low of 18.29 to a high of 45.96. The REITs industry median PE Ratio without NRI is 13.99. Extra Space Storage's value of 30.32 is 116.7% above this industry median. Based on the distribution chart, Extra Space Storage ranks #605 out of 753 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 PE Ratio without NRI compare to EGP and LINE?
According to the REITs industry distribution chart, Extra Space Storage ranks #605 out of 753 companies for PE Ratio without NRI. This places Extra Space Storage in the lower half of its industry. The industry median PE Ratio without NRI is 13.99. Extra Space Storage's value of 30.32 is 116.7% above this benchmark. Historically, Extra Space Storage's own PE Ratio without NRI has ranged from 18.29 to 45.96 over the past decade. While the company's 10-year median is 31.41 vs. the industry median of 13.99, 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 PE Ratio without NRI for a REITs company?
The median PE Ratio without NRI among REITs companies is 13.99, based on 753 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Extra Space Storage's current PE Ratio without NRI of 30.32 is 116.7% 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 PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Extra Space Storage and its competitors. For the REITs industry, the median PE Ratio without NRI is 13.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Extra Space Storage's current PE Ratio without NRI is 30.32, which is near median its own 10-year median of 31.41. 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 PE Ratio without NRI of 30.32. The stock's GF Value™ is MXN2,598.77, compared to a current price of MXN2,607.33 — trading 0.3% above its estimated fair value. The current PE Ratio without NRI is 30.32, which is near median its 10-year median of 31.41 and 116.7% above the REITs industry median of 13.99. 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 PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For Extra Space Storage (MEX:EXR), the current PE Ratio without NRI is 30.32 as of Jun. 27, 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 overvalued.
The current stock price of MXN2,607.33 is trading 0.3% above its estimated GF Value™ of MXN2,598.77.
Key valuation signals for MEX:EXR:
PE Ratio without NRI: 30.32 (near median its 10-year median of 31.41)
GF Value™: MXN2,598.77 vs. price of MXN2,607.33 (0.3% above fair value)
Industry Position: 116.7% above the REITs median (#605 of 753)
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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