Public Storage

BRSE:PUP Stock Report

Market Cap: CHF 45.4b

Public Storage Valuation

Is PUP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of PUP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: PUP (CHF260.76) is trading below our estimate of future cash flow value (CHF356.44)

Significantly Below Future Cash Flow Value: PUP is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PUP?

Key metric: As PUP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PUP. This is calculated by dividing PUP's market cap by their current earnings.
What is PUP's PE Ratio?
PE Ratio33.3x
EarningsUS$1.70b
Market CapUS$56.04b

Price to Earnings Ratio vs Peers

How does PUP's PE Ratio compare to its peers?

The above table shows the PE ratio for PUP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.3x
EXR Extra Space Storage
33x5.20%US$32.1b
CUBE CubeSmart
27.7x1.76%US$9.0b
NSA National Storage Affiliates Trust
60.2x5.84%US$5.7b
SHUR Shurgard Self Storage
4.4x-12.99%€2.7b
PUP Public Storage
33.3x5.25%CHF 56.0b

Price-To-Earnings vs Peers: PUP is expensive based on its Price-To-Earnings Ratio (33.3x) compared to the peer average (31.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does PUP's PE Ratio compare vs other companies in the Global Specialized REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PUP 33.3xIndustry Avg. 16.2xNo. of Companies10PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PUP is expensive based on its Price-To-Earnings Ratio (33.3x) compared to the Global Specialized REITs industry average (16.2x).

Price to Earnings Ratio vs Fair Ratio

What is PUP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PUP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PUP's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PUP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 260.76
CHF 267.54
+2.60%
5.88%CHF 293.80CHF 230.67n/a16
Jun ’27n/a
CHF 250.58
0%
6.22%CHF 279.25CHF 224.18n/a16
May ’27n/a
CHF 244.13
0%
6.31%CHF 275.15CHF 215.75n/a16
Apr ’27n/a
CHF 250.17
0%
6.20%CHF 277.12CHF 220.42n/a16
Mar ’27n/a
CHF 235.76
0%
5.23%CHF 254.47CHF 212.18n/a18
Feb ’27n/a
CHF 236.76
0%
5.52%CHF 258.42CHF 212.27n/a18
Jan ’27n/a
CHF 250.49
0%
5.69%CHF 275.83CHF 224.61n/a20
Dec ’26n/a
CHF 260.98
0%
4.30%CHF 281.69CHF 235.82n/a19
Nov ’26n/a
CHF 262.15
0%
4.22%CHF 281.63CHF 237.37n/a19
Oct ’26n/a
CHF 254.34
0%
4.73%CHF 275.24CHF 231.99n/a19
Sep ’26n/a
CHF 259.63
0%
4.52%CHF 280.56CHF 239.68n/a19
Aug ’26n/a
CHF 267.76
0%
7.42%CHF 305.93CHF 240.72n/a19
Jul ’26n/a
CHF 267.88
0%
6.72%CHF 305.78CHF 240.60CHF 260.7619
Jun ’26n/a
CHF 276.48
0%
6.83%CHF 314.45CHF 247.42n/a18
May ’26n/a
CHF 273.28
0%
7.39%CHF 313.58CHF 238.09n/a19
Apr ’26n/a
CHF 295.43
0%
6.15%CHF 334.34CHF 264.47n/a18
Mar ’26n/a
CHF 301.52
0%
6.55%CHF 337.98CHF 267.34n/a18
Feb ’26n/a
CHF 309.83
0%
6.74%CHF 345.87CHF 273.59n/a18
Jan ’26n/a
CHF 313.61
0%
6.58%CHF 344.43CHF 270.11n/a18
Dec ’25n/a
CHF 304.99
0%
7.64%CHF 342.23CHF 262.85n/a18
Nov ’25n/a
CHF 301.37
0%
9.06%CHF 364.12CHF 257.74n/a18
Oct ’25n/a
CHF 289.97
0%
10.71%CHF 357.10CHF 211.56n/a18
Sep ’25n/a
CHF 281.02
0%
9.48%CHF 321.38CHF 212.55n/a17
Aug ’25n/a
CHF 275.63
0%
6.22%CHF 296.12CHF 220.99n/a17
Jul ’25n/a
CHF 276.47
0%
6.21%CHF 296.45CHF 224.58n/a17
CHF 266.83
Fair Value
2.3% undervalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/01 04:50
End of Day Share Price 2026/07/01 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Public Storage is covered by 43 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob KilsteinArgus Research Company
Richard MilliganBaird
Ross SmotrichBarclays