Extra Space Storage (FRA:FG8) ROCE %: 6.18% (As of Mar. 2026)


FRA:FG8 Extra Space Storage Inc FRA:FG8
92 GF Score
Price €128.90
GF Value €127.23
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Extra Space Storage ROCE %?

Extra Space Storage FRA:FG8 +0.47% 92 ROCE % is 6.18% as of Mar. 2026. GuruFocus rates FRA:FG8 with a GF Score™ of 92/100 and a GF Value™ of €127.23 (Fairly Valued). The stock has 9 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Extra Space Storage's annualized ROCE % for the quarter that ended in Mar. 2026 was 6.18%.

Extra Space Storage  (FRA:FG8) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Extra Space Storage ROCE % Related Terms

Extra Space Storage ROCE % Historical Data

* Premium members only.

The historical data trend for Extra Space Storage's ROCE % 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 ROCE % Chart

Extra Space Storage Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.22 11.55 6.95 5.84 5.87

Extra Space Storage Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.45 6.06 4.98 6.82 6.18
FRA:FG8
92GF Score
Extra Space Storage Inc FRA:FG8
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Extra Space Storage ROCE % Calculation

Extra Space Storage's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=1451.142/( ( (27549.769 - 1703.565) + (24991.495 - 1413.613) )/ 2 )
=1451.142/( (25846.204+23577.882)/ 2 )
=1451.142/24712.043
=5.87 %

Extra Space Storage's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=1463.796/( ( (24991.495 - 1413.613) + (25170.955 - 1385.386) )/ 2 )
=1463.796/( ( 23577.882 + 23785.569 )/ 2 )
=1463.796/23681.7255
=6.18 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 6.18% mean?
Extra Space Storage (FRA:FG8) has a ROCE % of 6.18% as of Mar. 2026.
Is Extra Space Storage's ROCE % too high?
Extra Space Storage's current ROCE % is 6.18%. The REITs industry median ROCE % is 5.19. Extra Space Storage's value of 6.18% is 19.2% above this industry median. 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 ROCE % compare to EGP and LINE?
Extra Space Storage's ROCE % of 6.18% can be compared against companies in the REITs industry. The industry median ROCE % is 5.19. Extra Space Storage's value of 6.18% is 19.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a REITs company?
The median ROCE % among REITs companies is 5.19, based on 756 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Extra Space Storage's current ROCE % of 6.18% is 19.2% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median ROCE % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Extra Space Storage's current ROCE % is 6.18%. 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 €127.23, compared to a current price of €128.90 — trading 1.3% above its estimated fair value. The current ROCE % is 6.18% and 19.2% above the REITs industry median of 5.19. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Extra Space Storage (FRA:FG8), the current ROCE % is 6.18% 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 €128.90 is trading 1.3% above its estimated GF Value™ of €127.23. GuruFocus considers Extra Space Storage to be Fairly Valued.

Key valuation signals for FRA:FG8:

  • ROCE %: 6.18%
  • GF Value™: €127.23 vs. price of €128.90 (1.3% above fair value)
  • GF Score™: 92/100 with 9 warning signs
  • Industry Position: 19.2% above the REITs median

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 Business Description

Industry Real EstateREITs
Address 2795 East Cottonwood Parkway, Suite 300, Salt Lake City, UT, USA, 84121
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

Get the complete analysis for FRA:FG8

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€128.90
Price
€127.23
GF Value