The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, National Storage REIT's share price is $1.8312.
National Storage REIT's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was $0.17. Hence, National Storage REIT's PS Ratio for today is 10.52.
Warning Sign:
National Storage REIT stock PS Ratio (=10.77) is close to 3-year high of 10.77.
The historical rank and industry rank for National Storage REIT's PS Ratio or its related term are showing as below:
NTSGF'
s PS Ratio Range Over the Past 10 Years
Min: 6 Med: 8.99 Max: 13.28
Current: 10.57
During the past 12 years, National Storage REIT's highest PS Ratio was 13.28. The lowest was 6.00. And the median was 8.99.
NTSGF's PS Ratio is not ranked
in the REITs industry.
Industry Median: 6.67
vs NTSGF: 10.57
During the past 12 months, the average Revenue per Share Growth Rate of National Storage REIT was 3.90% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 4.60% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 5.70% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 1.90% per year.
During the past 12 years, National Storage REIT's highest 3-Year average Revenue per Share Growth Rate was 8.20% per year. The lowest was -8.00% per year. And the median was 0.00% per year.
Back to Basics: PS Ratio
National Storage REIT (OTCPK:NTSGF) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
* 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, National Storage REIT's PS Ratio, along with its competitors' market caps and PS 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.
National Storage REIT PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, National Storage REIT's PS Ratio distribution charts can be found below:
* The bar in red indicates where National Storage REIT's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
National Storage REIT's Share Price of today is $1.8312.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. National Storage REIT's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was $0.17.
* 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:
National Storage REIT (NTSGF) has a PS Ratio of 10.52 as of Jul. 02, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on National Storage REIT and its competitors. This is 17% above median its historical median of 8.99. Over the past decade, National Storage REIT's PS Ratio has ranged from 6.00 to 13.28.
Is National Storage REIT's PS Ratio too high?
National Storage REIT's current PS Ratio of 10.52 is 17% above median its 10-year median of 8.99. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 13.28. The REITs industry median PS Ratio is 6.67. National Storage REIT's value of 10.52 is 57.7% above this industry median. Overall, National Storage REIT has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does National Storage REIT's PS Ratio compare to PLD and PSA?
National Storage REIT's PS Ratio of 10.52 can be compared against companies in the REITs industry. The industry median PS Ratio is 6.67. National Storage REIT's value of 10.52 is 57.7% above this benchmark. Historically, National Storage REIT's own PS Ratio has ranged from 6.00 to 13.28 over the past decade. While the company's 10-year median is 8.99 vs. the industry median of 6.67, National Storage REIT 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 PS Ratio for a REITs company?
The median PS Ratio among REITs companies is 6.67, based on 915 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Storage REIT's current PS Ratio of 10.52 is 57.7% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on National Storage REIT and its competitors. For the REITs industry, the median PS Ratio is 6.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Storage REIT's current PS Ratio is 10.52, which is 17% above median its own 10-year median of 8.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Storage REIT stock overvalued right now?
National Storage REIT (NTSGF) has a current PS Ratio of 10.52. The stock's GF Value™ is $1.72, compared to a current price of $1.83 — trading 6.5% above its estimated fair value. The current PS Ratio is 10.52, which is 17% above median its 10-year median of 8.99 and 57.7% above the REITs industry median of 6.67. National Storage REIT's overall GF Score™ is 78/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For National Storage REIT (NTSGF), the current PS Ratio is 10.52 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 National Storage REIT (NTSGF) Overvalued in 2026?
Based on GuruFocus' analysis, National Storage REIT stock appears to be overvalued.
The current stock price of $1.83 is trading 6.5% above its estimated GF Value™ of $1.72.
Key valuation signals for NTSGF:
PS Ratio: 10.52 (17% above median its 10-year median of 8.99)
GF Value™: $1.72 vs. price of $1.83 (6.5% above fair value)
No single metric tells the full story. See the NTSGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Storage REIT is the largest self-storage operator in Australia and New Zealand. Majority of its income is derived from rents. Additional revenue streams come from ancillary products and services such as packaging materials, locks, and insurance. The REIT owns most of the centers it operates, and leases roughly a dozen of the sites secured under long-term agreements. The self-storage industry is fragmented, with three large players in National Storage, the listed Abacus Storage King, and privately owned Kennards, accounting for about one-third of the market. The rest are independent operators, with a single center or a small state-based portfolio of assets. Besides organic rent increases, the company's key growth drivers are acquisitions and developments.
78GF Score
Get the complete analysis for NTSGF
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