Extra Space StorageFRA:FG8 -1.24%92 Pretax Margin % is 30.75% as of Mar. 2026, which is 20% below its 10-year median of 38.66. GuruFocus rates FRA:FG8 with a GF Score™ of 92/100 and a GF Value™ of €127.03 (Fairly Valued). The stock has 9 warning signs investors should review. Among 928 REITs companies, Extra Space Storage ranks worse than 64.76% on this metric.
The historical rank and industry rank for Extra Space Storage's Pretax Margin % or its related term are showing as below:
FRA:FG8'
s Pretax Margin % Range Over the Past 10 Years
Min: 28.67 Med: 38.66 Max: 56.94
Current: 30.27
FRA:FG8's Pretax Margin % is ranked worse than 64.76% of 928
companies
in the REITs industry
Industry Median: 46.675
vs FRA:FG8: 30.27
Extra Space Storage (FRA:FG8) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Extra Space Storage Pretax Margin % Related Terms
Extra Space Storage Pretax Margin % Historical Data
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The historical data trend for Extra Space Storage's Pretax Margin % 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.
FRA:FG8 vs EGP, LINE, CUBE: Pretax Margin % Comparison
For the REIT - Industrial subindustry, Extra Space Storage's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Extra Space Storage's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Extra Space Storage's Pretax Margin % falls into.
* 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 (FRA:FG8) has a Pretax Margin % of 30.75% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Extra Space Storage and its competitors. This is 20% below median its historical median of 38.66. Over the past decade, Extra Space Storage's Pretax Margin % has ranged from 28.67 to 56.94. According to the industry distribution chart, Extra Space Storage ranks #601 out of 928 companies in the REITs industry, placing it in the top 64.8%.
Is Extra Space Storage's Pretax Margin % too high?
Extra Space Storage's current Pretax Margin % of 30.75% is 20% below median its 10-year median of 38.66. Over the past 10 years, this metric has ranged from a low of 28.67 to a high of 56.94. The REITs industry median Pretax Margin % is 46.68. Extra Space Storage's value of 30.75% is 34.1% below this industry median. Based on the distribution chart, Extra Space Storage ranks #601 out of 928 companies in the REITs industry, which is below the industry midpoint. Overall, Extra Space Storage has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Extra Space Storage's Pretax Margin % compare to EGP and LINE?
According to the REITs industry distribution chart, Extra Space Storage ranks #601 out of 928 companies for Pretax Margin %. This places Extra Space Storage in the lower half of its industry. The industry median Pretax Margin % is 46.68. Extra Space Storage's value of 30.75% is 34.1% below this benchmark. Historically, Extra Space Storage's own Pretax Margin % has ranged from 28.67 to 56.94 over the past decade. While the company's 10-year median is 38.66 vs. the industry median of 46.68, Extra Space Storage has consistently been below 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 Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 46.68, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Extra Space Storage's current Pretax Margin % of 30.75% is 34.1% below 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Extra Space Storage and its competitors. For the REITs industry, the median Pretax Margin % is 46.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Extra Space Storage's current Pretax Margin % is 30.75%, which is 20% below median its own 10-year median of 38.66. 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?
Based on GuruFocus' analysis, Extra Space Storage (FRA:FG8) is currently considered Fairly Valued. The stock's GF Value™ is €127.03, compared to a current price of €127.25 — trading 0.2% above its estimated fair value. The current Pretax Margin % is 30.75%, which is 20% below median its 10-year median of 38.66 and 34.1% below the REITs industry median of 46.68. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Extra Space Storage (FRA:FG8), the current Pretax Margin % is 30.75% as of Mar. 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 (FRA:FG8) Overvalued in 2026?
Based on GuruFocus' analysis, Extra Space Storage stock appears to be overvalued.
The current stock price of €127.25 is trading 0.2% above its estimated GF Value™ of €127.03.
GuruFocus considers Extra Space Storage to be Fairly Valued.
Key valuation signals for FRA:FG8:
Pretax Margin %: 30.75% (20% below median its 10-year median of 38.66)
GF Value™: €127.03 vs. price of €127.25 (0.2% above fair value)
Industry Position: 34.1% below the REITs median (#601 of 928)
No single metric tells the full story. See the FRA:FG8 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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