Public Storage (PSA) stock analysis
Public Storage (PSA) clears 3 of this site's 8 mechanical value filters, 3 of 8 Buffett-style checks and 1 of 5 Lynch-style checks. A free-cash-flow DCF does not fit real estate companies, so no margin of safety is shown. It returns −0.1% to shareholders net of dilution. Figures are as of October 23, 2026, from SEC filings and market data refreshed weekly; this is educational analysis, not investment advice.
Data as of October 23, 2026. Refreshed weekly from SEC filings and market data.
What does Public Storage do?
Public Storage is a REIT that owns and operates the largest network of self-storage facilities in the US, renting units to consumers and businesses by the month.
What stands out about Public Storage?
- Misses 3 of the 8 value filters. It fails Trailing P/E < 25 (28.25), PEG Ratio < 1.5 (1.97) and Price/Sales < 7 (11.81); the other 3 pass and 2 were not evaluated. See every filter.
- Strongest against peers: return on equity. At 22% (peer median 8%) it ranks 4th of 30 among real estate stocks this site tracks. See the ranking.
- Owners are being diluted. Its net shareholder yield is −0.1%: more stock is issued than is bought back or paid out. See Shareholder Yield Leaders.
- Dividend raises 1 of 6 flags. Its trailing yield is 3.99%. See the Sustainable Dividend Screener.
How has Public Storage's share price moved?
The interactive price chart needs JavaScript.
Is Public Storage undervalued? The value diligence check
Every value-investing signal this site computes for this stock, gathered in one place: the same real numbers from the tools below, not a new score.
- Margin of safety (DCF) n/a (Real Estate)
- P/E vs. its own history 28.3x · near the expensive end Real range: 11.4x–33.7x over 5 years (net income per diluted share from each fiscal year's 10-K, paired with the real closing price at that fiscal year-end).
- Wall St. analyst rating Hold · 3.46/5 26 analysts this month: 3 strong buy, 6 buy, 17 hold, 0 sell, 0 strong sell (Finnhub). Down from 3.48 last month.
- Altman Z″-Score (bankruptcy risk) n/a (Real Estate)
- Earnings quality (is the profit real?) n/a (bank, insurer or REIT)
- Shareholder yield (cash back to owners) −0.1% net Latest fiscal year (2025): dividends 0.0% + buybacks 0.0% − stock comp 0.1%, as a share of today's market cap. Stock comp outruns what comes back in cash. Over 14 years its split-adjusted share count rose 3%. See Shareholder Yield Leaders.
- Capital needed to grow (See's test) n/a (bank, insurer, lender or REIT)
- PEG (growth at a reasonable price) 1.97 · Above fair P/E 28.3× ÷ 14.3% a year of growth behind it. 224th lowest of 447 stocks with a usable PEG. Lynch's fair value is a PEG of 1; a very high PEG usually means almost no growth, a very low one a profit spike. See PEG Ratio Ranking.
- Compounder lenses (4) 0 of 4 · misses capital-light (n/a), real profit (n/a), cash back, price Capital-light growth: cannot be measured (bank, insurer, lender or REIT); Profit is real: cannot be measured (bank, insurer or REIT); Cash to owners: not cleared (0.0% a year net); Fair price (PEG): not cleared (PEG 1.97, over 1.5). See Compounders at a Fair Price, which also lets you move the PEG bar.
- Munger's Inversion Check 1 flag
- Standing vs. sector peers 3 of 4 measures above the median Compared with the 29 other real estate stocks this site tracks: 2 in the top third, 0 in the bottom third.
- Dividend payout sustainability 1/6 flags
How does Public Storage compare with its peers?
3 of 4 measures sit above the median of the 29 other real estate stocks tracked here, 2 in the top third.
- P/E ratiolower is cheaper · peer median 31.5× 28.3× –11th of 29
- Return on equityhigher is better · peer median 8% 22% ✓4th of 30
- Net marginhigher is better · peer median 20.9% 41.8% ✓4th of 30
- Dividend yieldamong dividend payers · peer median 4.08% 3.99% –16th of 28
Peers are the stocks this site tracks in the same sector group, not every listed competitor. The bar runs from the weakest peer (left) to the strongest (right); the tick is the middle. Measures that don't apply to a sector (cash-flow yield for banks, debt for financials) are left out.
What would Buffett & Lynch say?
Buffett's checklist is built around durable, profitable businesses bought at sensible prices, and PSA doesn't clear enough of it yet. In its favor: PSA is currently earning a strong return on shareholders' equity, and has kept that profitability up over five years, not just this year, and converts sales into profit at healthy margins. Where it comes up short: PSA carries more debt relative to equity than he typically tolerates, hasn't grown earnings per share fast enough over five years to impress him, doesn't cover its interest expense as comfortably as he'd want, is trading above what a conservative discounted-cash-flow estimate says it's worth right now, and trades rich relative to owner earnings, the real cash the business could pay out.
- ROE (TTM) > 11% ✓
- ROE (5yr avg) > 11% ✓
- Debt/Equity < 0.5 ✕
- Pretax margin > 15% ✓
- EPS growth (5yr) > 7% ✕
- Interest coverage > 5x ✕
- Trading below intrinsic value (DCF) ✕
- Price vs. owner earnings < 25x ✕
Lynch looked for growth stories that weren't overpriced for that growth, and PSA falls short of his bar. In its favor: PSA is growing earnings at the steady 10-20% pace of a proper Stalwart. Where it comes up short: PSA fails his signature PEG test, he'd call this pricey for the growth on offer, carries more debt than he liked to see, even allowing for the extra room a large, stable business gets, is asking investors to pay a steep multiple for that growth, and isn't generating free cash flow to match the growth story.
- PEG < 1 ✕
- EPS growth 10%-20% ✓
- Debt/Equity < 0.6 ✕
- P/E < 27 ✕
- Price/FCF < 30 ✕
Quantitative approximations of each investor's documented approach, not endorsed by either investor or their estates - commentary, not this site's actual ranking criteria. Buffett never published a numeric checklist: only 2 of his 8 checks here trace to his own documented concepts ("owner earnings," from his 1986 shareholder letter, and "price is what you pay, value is what you get," his case against fixed P/E/P/B ceilings) - the other 6 (ROE, debt, margins, growth, interest coverage) use commonly-cited thresholds that are not numbers he himself published. The 8 hard filters below (plus the Munger check and Graham margin of safety) are this site's real, mechanical screen and are computed completely independently of the checklists above.
Berkshire Hathaway's own filing
Which of the 8 value filters does Public Storage pass?
- Market Cap > $25B $57.8B
- Trailing P/E < 25 28.25
- PEG Ratio < 1.5 1.97
- Price/Book < 8 6.29
- Price/Sales < 7 11.81
- EPS Growth YoY > -5% +39.0%
- vs 50-day MA (±12%) Not evaluated †
- vs 200-day MA (±12%) Not evaluated †
What is Public Storage's margin of safety?
A standard free-cash-flow DCF doesn't fit how real estate companies report cash flow.
Where is Public Storage in its 52-week range?
What is the short interest in Public Storage?
6,662,550 shares short as of 2026-09-30 (FINRA settlement date). Reported twice a month, so this only changes roughly every two weeks, not daily.
What could go wrong with Public Storage? Munger's inversion check
"Invert, always invert." Instead of reasons to buy, these are reasons to hesitate, not a verdict, and not everything worth knowing about a business.
- Margin of safety, even in the bull case n/a (Real Estate)
- Short interest under 5% of float 3.9%
- Passes most of the 6 fundamental filters 3/6 passed
Doesn't cover circle of competence, management quality, or accounting concerns: those need judgment, not data.
How much have Public Storage shareholders gained per year?
Earnings growth per share plus dividend.
An earnings-based proxy, not a stock-price total return - it doesn't capture multiple expansion/contraction or reinvested dividends. EPS from PSA's own 10-K filings; dividend yield is the current trailing yield on today's price, from the same weekly fetch as the rest of this site.
What do Public Storage's 10-year financials show?
From PSA's own 10-K filings (SEC EDGAR): up to the last 10 fiscal years. Press any year's bars for the exact figures.
Frequently asked questions about Public Storage
What kind of company is Public Storage?
Public Storage is a REIT that owns and operates the largest network of self-storage facilities in the US, renting units to consumers and businesses by the month. This site groups it with Real Estate stocks.
Why does Public Storage have no margin of safety on this site?
This site's DCF values a company from its free cash flow, and that does not fit real-estate companies, which are valued on property income rather than on free cash flow. So PSA gets no margin of safety; judge it on the other checks on this page, such as its filters, shareholder yield and ranking against its peers. The method is in the Intrinsic Value Calculator.
How many of this site's 8 value filters does Public Storage pass?
PSA passes 3 of 8. It passes Market Cap > $25B ($57.8B), Price/Book < 8 (6.29) and EPS Growth YoY > -5% (+39.0%). It misses Trailing P/E < 25 (28.25), PEG Ratio < 1.5 (1.97) and Price/Sales < 7 (11.81). vs 50-day MA (±12%) and vs 200-day MA (±12%) were not evaluated, because the moving-average checks only run on stocks that clear the fundamentals first. The 8-filter list shows every stock that passes all of them.
How much cash does Public Storage return to shareholders?
PSA's net shareholder yield is −0.1%: the cash it returns through dividends and buybacks, minus stock-based compensation, as a share of its market value. Latest fiscal year (2025): dividends 0.0% + buybacks 0.0% − stock comp 0.1%, as a share of today's market cap. Stock comp outruns what comes back in cash. Over 14 years its split-adjusted share count rose 3%. Its trailing dividend yield is 3.99%, paid out of 146% of its free cash flow; the dividend-sustainability check raises 1 of 6 flags (a high cash-flow payout). See Shareholder Yield Leaders and the Sustainable Dividend Screener.
When does Public Storage report earnings next?
Public Storage's next earnings report is expected on October 26, 2026 after the market closes, with analysts expecting earnings of $2.42 per share. Dates come from the Finnhub earnings calendar and can move. In its last 4 quarters it beat the estimate 3 times, by an average of +3.9%.
How heavily is Public Storage stock sold short?
As of September 30, 2026, 3.9% of PSA's float was sold short (6,662,550 shares, 7.0 days to cover), up 8.1% from the prior reporting period. FINRA publishes short interest twice a month, so it changes about every two weeks; this site flags anything above 5% of the float.
Where do these numbers come from?
- Financial statements: Public Storage's 10-K annual report for the year ended Dec 31, 2025, filed Feb 12, 2026 (filing index). Every earlier year in the 10-year financials comes from the company's older 10-K filings, all listed on SEC EDGAR.
- Prices and market data: quotes, P/E and analyst ratings from Finnhub; daily price history and the 52-week range from Twelve Data, both refreshed weekly. Short interest comes from FINRA, reported twice a month.
- How to check a figure: click any number in the card above to see its exact source, and read the Editorial Standards for every rule behind the checks.
About this Public Storage analysis
This page shows every value-investing check the site runs on Public Storage (PSA) in one place: the 8 mechanical filters, the Buffett and Lynch checklists, a margin of safety from a disclosed DCF, earnings quality, shareholder yield and how it ranks against its sector peers. The numbers come from SEC filings and public market data, refreshed weekly, and the same rules apply to every stock on the stock list. See Editorial Standards for the sources and the rules, or run your own filters in the stock screener.